Travelers and WR Berkley Q1 earnings: Back to reality…
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Travelers and WR Berkley Q1 earnings: Back to reality…

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Travelers and WR Berkley were the first P&C carriers to release their Q1 results yesterday. Travelers’ operating EPS of $2.73 beat the Wall Street consensus by 15%. WR Berkley’s operating EPS of $1.08 beat the Street by 33%.

In insurance, if you are getting rate over rate, that’s a good thing. If your rates are in excess of loss cost trends and your loss cost trends are stable, that’s an even better thing.

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