The Travelers Companies Inc

TRV: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$972.00	Xxqthq	Ktmxcwwmh

Travelers Reports Middling Q2 Despite Strong Commercial Insurance Market

Brett Horn

Jul 21, 2022

Despite the strong commercial insurance market, Travelers reported a somewhat weak second quarter, due to higher catastrophe losses, lower investment income, and the ongoing struggles of its personal insurance segment. The net result was an annualized ROE of 9% in the quarter. We will maintain our $178 per share fair value estimate and narrow moat rating.

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