The Travelers Companies, Inc. (NYSE:TRV) reported results for the third quarter 2011. The underwriting results in the current quarter reflected a GAAP combined ratio of 104.5 percent, as compared to 90.6 percent in the prior year quarter. This increase of 13.9 points in the combined ratio included a $489 million pre-tax increase in catastrophe losses (increase of 8.6 points) as well as a $38 million pre-tax decrease in net favorable prior year reserve development (increase of 0.8 points).

The Travelers Companies, Inc., through its subsidiaries, provides various commercial and personal property and casualty insurance products and services to businesses, government units, associations, and individuals primarily in the United States. The company operates in three segments: Business Insurance; Financial, Professional, and International Insurance; and Personal Insurance.

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