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TRAVELERSJ NYSE : TRV ● ● ● Travelers Reports Strong Underwriting and Investment Results Second Quarter 2021 Net Income per Diluted Share of $ 3.66 and Return on Equity of 13.0 % Second Quarter 2021 Core Income per Diluted Share of $ 3.45 and Core Return on Equity of 13.7 % Strong second quarter net income of $ 934 million and core income of $ 879 million . Consolidated combined ratio of 95.3 % and underlying combined ratio of 91.4 % . Net investment income of $ 818 million pre - tax compared to $ 268 million pre - tax in the prior year quarter . Net written premiums of $ 8.135 billion , up 11 % compared to the prior year quarter ( 8 % adjusting for the personal automobile premium refunds in the prior year quarter ) ; growth in all three segments . Total capital returned to shareholders of $ 625 million , including $ 401 million of share repurchases . Book value per share of $ 116.86 , up 10 % from June 30 , 2020 ; adjusted book value per share of $ 103.88 , up 13 % from June 30 , 2020 . Board of Directors declares regular quarterly cash dividend of $ 0.88 per share . New York , July 20 , 2021 The Travelers Companies , Inc. today reported net income of $ 934 million , or $ 3.66 per diluted share , for the quarter ended June 30 , 2021 , compared to a net loss of $ 40 million , or $ 0.16 per diluted share , in the prior year quarter . Core income in the current quarter was $ 879 million , or $ 3.45 per diluted share , compared to a core loss of $ 50 million , or $ 0.20 per diluted share , in the prior year quarter . The improvement was due to higher net investment income , lower catastrophe losses , higher net favorable prior year reserve development and a higher underlying underwriting gain ( i.e. , excluding net prior year reserve development and catastrophe losses ) . Net realized investment gains in the current quarter were $ 61 million pre - tax ( $ 47 million after - tax ) , compared to $ 13 million pre tax ( $ 10 million after - tax ) in the prior year quarter . Per diluted share amounts benefited from the impact of share repurchases . ( $ in millions , except for per share amounts , and after - tax , except for premiums and revenues ) Net written premiums Total revenues Net income ( loss ) per diluted share Core income ( loss ) per diluted share Diluted weighted average shares outstanding Combined ratio Underlying combined ratio Return on equity Core return on equity Consolidated Highlights Three Months Ended June 30 , 2021 2020 $ 8,135 $ 7,346 $ 8,687 $ 7,401 $ $ ( 0.16 ) $ $ ( 50 ) $ 934 $ ( 40 ) 3.66 879 3.45 253.1 95.3 % 91.4 % $ $ ( 0.20 ) 251.6 103.7 % 91.4 % 13.0 % 13.7 % $ ( 0.6 ) % ( 0.8 ) % June 30 , 2021 Book value per share 116.86 $ 103.88 Adjusted book value per share See Glossary of Financial Measures for definitions and the statistical supplement for additional financial data . 1 Change 11 % 17 NM NM NM NM 1 ( 8.4 ) pts pts 13.6 pts 14.5 pts As of December 31 , 2020 115.68 99.54 The Travelers Companies , Inc. 485 Lexington Avenue New York , NY 10017-2630 www.travelers.com $ Six Months Ended June 30 , 2021 2020 Change $ 15,640 $ 14,692 6 % June 30 , 2020 106.42 92.01 NM = Not meaningful . $ 17,000 $ 15,309 $ 1,667 $ 560 $ 6.53 $ 2.19 $ 1,578 $ 626 2.44 $ 6.18 $ 253.6 95.9 % 90.5 % 11.6 % 12.4 % 254.7 99.5 % 91.3 % 4.3 % 5.3 % 11 198 198 152 153 1 % 4 % ( 3.6 ) pts ( 0.8 ) pts 7.3 pts 7.1 pts Change From December 31 , 2020 June 30 , 2020 10 % 13 %