Travelers shares rise as quarterly core profit jumps
BUZZ-Travelers shares rise as quarterly core profit jumps ** Shares of property and casualty insurer Travelers Companies TRV.N up ~1% at $340 premarket
** Company's Q2 core profit jumps on lower catastrophe losses and strong investment income
** Quarterly core income per share rises 44% to $10.04
** Reports catastrophe losses of $518 million on a pre-tax basis, compared with $927 million a year earlier
** Net investment income at $1.07 billion, up 13.6% over the year earlier
** Up to last close, shares up ~16% YTD
(Reporting by Shania S Thomas in Bengaluru)
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