| TRV |
Report |
Core EPS |
BEAT |
pred ~$5.48 vs. cons $5.34 |
MEDIUM |
| TRV |
Report |
Catastrophe losses, pre-tax (lower is better) |
BEAT |
pred ~$1.31B vs. cons $1.37B |
MEDIUM |
| TRV |
Report |
Underlying combined ratio (lower is better) |
IN-LINE |
pred ~85.1% vs. cons 85.4% |
MEDIUM |
| TRV |
Guide |
After-tax fixed-income net investment income |
BETTER |
guide ~$850M vs. cons $840M (Q3 2026) |
MEDIUM |
| TRV |
Guide |
After-tax fixed-income net investment income |
BETTER |
guide ~$880M vs. cons $870M (Q4 2026) |
MEDIUM |
| TRV |
Guide |
Underwriting expense ratio |
UNCHANGED |
guide ~28.5% vs. cons 28.5% (FY2026) |
HIGH |
| TRV |
Return |
Day-1 residual (stock − beta × S&P 500) |
+1.6% |
— |
MEDIUM |
| TRV |
Return |
5-day cumulative residual |
+0.7% (FADE) |
The initial benefit from roughly ~$60M pretax of catastrophe favorability versus consensus should fade because it is non-recurring; approximately ~$10M upside to consensus fixed-income NII in each of Q3 and Q4 provides only modest support to out-period EPS revisions. |
MEDIUM |