Travelers (TRV, Financial)
Travelers is coming back down from historic highs early this year. Last quarter they posted revenue gains of 5% and net income gains of 12%. Hurricane losses in 2017 exceeded $200 billion. In 2018 losses have continued to be severe in hail and fires. This could further reduce capacity which should benefit premium pricing.
From Jeff Auxier (Trades, Portfolio)'s second quarter 2018 shareholder letter.
