Q3 earning season kicks off with Travelers:
Travelers Cos., the lone insurer in the Dow Jones Industrial Average, said third-quarter profit fell 67 percent on claims from natural disasters including Hurricane Irene.
Net income slipped to $333 million, or 79 cents a share, from $1.01 billion, or $2.11, a year earlier, the New York-based insurer said today in a statement. Operating profit, which excludes some investment results, was 79 cents a share, missing the 83-cent average estimate of 21 analysts surveyed by Bloomberg.
I’ll also be tracking earnings announcements from leading U.S. companies and international reinsurers again. See Q3 2011 Link-o-rama page at the upper left corner of the blog. This quarter, I’ll start publishing excerpts that summarize results, so you can see quickly how companies are doing.