The St. Paul Travelers Companies Inc. reported first-quarter net income today of $1.006 billion, compared with $212 million for the period in 2005.
But that 500 percent rise was attributed primarily to the fact that net income in the prior-year quarter included a $665 million after-tax loss from discontinued operations.
Analysts said the results were roughly in line with consensus expectations.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.