Travelers reports book value per share 92.90, down 22% from year-end 2021

Driven by higher interest rates; adjusted book value per share of $114.00, up 4% from year-end 2021. "We are pleased to report solid fourth quarter 2022 results, particularly in light of the significant winter storm that swept across the U.S. and Canada in the last week of the year," said Alan Schnitzer, Chairman and CEO. "Results in our commercial businesses were exceptional, with another quarter of strong growth at very attractive margins. Underlying results in Personal Insurance remain challenged by elevated industrywide loss costs. We recorded another quarter of progress with strong pricing and other actions to address these challenges.