Travelers Cos., the lone property/casualty insurer in the Dow Jones Industrial Average, said second-quarter profit climbed 85 percent as price increases helped improve margins.
Net income increased to $925 million, or $2.41 a share, from $499 million, or $1.26, a year earlier, the New York-based insurer said today in a statement. Operating profit, which excludes some investment results, was $2.13 per share, beating the $1.59 average estimate of 24 analysts surveyed by Bloomberg.
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