On the occasion of the publication of its quarterly results, Travelers reports that its Board of Directors has declared a 5% increase in its regular quarterly dividend, to $1.05 per share, to be paid from June 28.

For the first three months of the year, the insurance company posted core EPS of $4.69, up 14% year-on-year, and core ROE of 15.4%, an improvement of 0.9 points.

"Core revenue growth, mainly attributable to higher net investment income and a higher underlying underwriting gain, more than offset the increase in catastrophe losses," says Travelers.

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