Shares of Travelers Companies (TRV) gained 1.6% in extended trade on Tuesday after the company reported better-than-expected results for the third quarter of 2021. The company provides commercial and personal property, and casualty insurance products and services. Travelers’ adjusted earnings of $2.60 per share surpassed the Street’s expectations of $2.45 per share. The company had reported earnings of $3.12 per share in the same quarter last year. Revenue climbed 6% year-over-year to $8.81 billion, beating the analyst’s expectations of $8.22 billion. The upside can be attributed to higher net premiums written in Business, Bond & Specialty and Personal Insurance segments during the quarter.
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