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Friday, The Travelers Companies (NYSE:TRV) reported record fourth-quarter earnings surpassing the analysts’ expectations, sending its shares more than 6% higher in the trading session. The New York-based company offers property casualty insurance for auto, home and business. The company attributed the strong performance to a higher underlying underwriting gain, lower catastrophe losses, and higher net investment income. For the fourth quarter of 2023, net written premiums increased by 13% to $9.99 billion, beating the consensus of $9.987 billion, while total revenues also increased 13% Y/Y to …

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