Travelers Reports Profit Despite $2 Billion Losses from California Wildfires, Stock Rises

Travelers Companies, Inc. reported a profit for the first quarter of 2025, surpassing analysts' expectations despite incurring substantial losses due to the California wildfires. The insurer faced approximately $2 billion in losses from these wildfires, which contributed to underwriting losses during the quarter. However, the company's overall earnings performance led to a rise in its stock price, reflecting investor confidence amidst the challenging circumstances. The positive earnings report indicates that Travelers has managed to navigate the financial impact of the wildfires more effectively than anticipated.