Report
Brett Horn, CFA
EUR 101.80 For Business Accounts Only

Travelers Ends a Difficult Year on a Strong Note

While Travelers’ fourth-quarter results continued to be weighed down with relatively high catastrophe costs, a stronger pricing environment suggests results could improve going forward. Overall premiums grew 6% year over year due primarily to pricing improvements. The combined ratio worsened to 95.5% from 90.0% last year, but was basically steady excluding catastrophe losses and reserve development. At first glance, a 9% ROE for the quarter and the year is not especially impressive, but we think...
Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Brett Horn, CFA

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