The Travelers Companies Inc. will kick off property/casualty insurers’ 2012 first-quarter earnings season Thursday, April 19, when the company reports its 2012 first three month results.
Travelers is the first major insurance company to report the 2012 first-quarter earnings. Many analysts will be looking at not just the company’s own numbers but also CEO Jay Fishman’s commentary on the insurance marketplace and pricing.
Travelers CEO Fishman has been bullish in firming premium rates for business insurance. In January, he remarked during an earnings conference call that Travelers’ business insurance had renewal premium rate gains of 8 percent for the fourth quarter 2011 and 10 percent for December 2011. He will likely give an update on pricing when the company announces its latest earnings.
Earlier this week, research and investment firm Keefe, Bruyette and Woods said it expects good earnings for the property/casualty industry in 2012 first quarter. The firm said that aside from the early arrival of tornado season, which impacted some of the central U.S., the financial impact of catastrophes appears to have been relatively mild.