The Travelers Companies, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012
January 22, 2013 at 12:05 pm
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The Travelers Companies, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported total revenues of $6,477 million against $6,373 million a year ago. Operating income was $278 million against $609 million a year ago. Operating income per diluted share was $0.72 against $1.48 a year ago. Net income was $304 million against $618 million a year ago. Net income per diluted share was $0.78 against $1.51 a year ago. Return on equity was 4.7% against 10.0% a year ago. Operating return on equity was 5.0% against 11.1% a year ago. Net written premiums of $5,385 million against $5,261 million a year ago. Net cash provided by operating activities was $464 million compared to $1,501 million a year ago.
For the year, the company reported net written premiums of $22,447 million against $22,187 million a year ago. Total revenues were $25,740 million against $25,446 million a year ago. Operating income was $2,441 million against $1,390 million a year ago. Operating income per diluted share was $6.21 against $3.28 a year ago. Net income was $2,473 million against $1,426 million a year ago. Net income per diluted share was $6.30 against $3.36 a year ago. Return on equity was 9.8% against 5.7% a year ago. Operating return on equity was 11.0% against 6.1% a year ago. Book value per share was $67.31 as on December 31, 2012 against $62.32 as on December 31, 2011. Adjusted book value per share was $59.09 as on December 31, 2012 against $55.01 as on December 31, 2011. Net cash provided by operating activities was $3,230 million compared to $2,169 million a year ago.
The Travelers Companies, Inc. is one of the largest American insurance groups. Revenues break down by activity as follows:
- business insurance (46.1%): commercial multi-peril (24% of revenues), workers' compensation (20%), automobile (17.4%), general liability (16.8%), commercial property (15.3%) and other insurances (6.5%);
- personnal insurance (35.7%): car, home insurance, etc.;
- damages insurance to the financial institutions insurance (9.2%): insurance professional responsibility, surety contracts, insurance risks, etc.
Revenues are distributed geographically as follows: the United States (94.4%), Canada (3.5%) and other (2.1%).