Travelers profit up 85 percent as disaster losses decline

(Reuters) - U.S. insurer Travelers Cos Inc posted an 85 percent rise in quarterly profit, helped by lower disaster losses.

Travelers reported net income of $925 million, or $2.41 per share, for the second quarter, up from $499 million, or $1.26 per share, a year earlier.

The company posted operating earnings of $2.13 per share.

Total revenue was up 5 percent to $6.67 billion.

(Reporting by Aman Shah in Bangalore; Editing by Robin Paxton)

Source: http://news.yahoo.com/travelers-profit-85-percent-disaster-losses-decline-110715709.html

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