Travelers Cos., the property-casualty insurer in the Dow Jones Industrial Average, said fourth-quarter profit more than tripled as claims costs from natural disasters fell a year after Superstorm Sandy.
Net income rose to $988 million, or $2.70 a share, from $304 million, or 78 cents, a year earlier, the New York-based company said in a statement. Operating profit, which excludes some investment results, was $2.68 a share, beating the $2.16 average estimate of 25 analysts surveyed by Bloomberg.
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