Travelers' Q1 2024 Results Marred by Surging Catastrophe Losses

The insurer had to contend with $712 million worth of catastrophe losses, a 33% gain. Insurance giant Travelers ( TRV 1.74%) grew net income and net written premiums in the first quarter of 2024, but ... Read More

Elevated Catastrophe Losses From Hail and Wind Storm Hurt Travelers Companies Q1 Profit, Stock Slides

Travelers Companies (NYSE: TRV) reported mixed first-quarter results, with earnings below expectations. Net written premiums and revenues increased, but core income per share fell below forecast. The ... Read More

U.S. insurer Travelers beats profit estimates on premiums growth

(Reuters) -Insurer Travelers Companies Inc reported a smaller-than-expected fall in quarterly profit ... catastrophe losses in the first half of 2022 were estimated at $39 billion – 18% higher ... Read More

US stocks rise, rebounding after rate-driven losses with earnings in focus

Investing.com - U.S. stocks rose Wednesday, steadying after raised Middle East tensions and fears of higher-for-longer interest rates sparked a series of steep losses. At 06:35 ET (10:35 GMT), Dow ... Read More

American Airlines forecasts upbeat Q2 profit as business travel rebounds

American Airlines forecast current-quarter profit largely above analysts' expectations on Thursday, amid a rebound in business travel and expectations of strong demand in the upcoming summer season. Read More

Exxon Mobil profit declines in 1st quarter as natural gas prices fall

Exxon Mobil’s profit declined in its first quarter as natural gas prices fell and industry refining margins dropped ... Read More

International travel demand drives ANA revenues and operating profits

Strong travel demand and cost controls helped ANA Holdings, the parent of All Nippon Airways, power to a record operating profit its latest financial year. Read More

Royal Caribbean lifts profit view again on cruise boom, higher prices

Royal Caribbean Group raised its annual profit forecast for a second time and beat expectations for first-quarter profit and revenue on Thursday, with half of its growth coming from higher ticket ... Read More

Latest Travel News

The Skift Travel 200 (ST200) combines the financial performance of nearly 200 travel companies worth more than a trillion dollars into a single number, making it easy to track travel industry ... Read More

Wells Fargo profit falls as customers cash in on higher interest rates

Profit at Wells Fargo fell in the ... thanks to strong results from its venture capital business, which benefited from “lower impairments, higher investment banking fees, an increase in asset ... Read More

Equity profit falls to Sh42 billion on higher bad loan provisions

The bank's costs rose by 57 percent to Sh178.2 billion, mainly due to the higher ... loss cover went up to Sh22.98 billion from Sh7.84 billion in 2022. The unit's contribution to the Group's net ... Read More