Shares of The Travelers Companies (TRV) jumped over 4% to an all-time high in intraday trading Friday after the insurance provider’s profit more than doubled on an increase in premiums and investment income, and lower payouts.

Travelers reported fourth quarter core income soared 101% from a year ago to $1.63 billion, or $7.01 per share. Revenue was up 13% to $10.93 billion. Both exceeded estimates. Return on equity rose to 29% from 13.8%. Core income, 澳洲幸运5官方开奖结果体彩网:earnings per share, and return on equity all reached record highs for the fourth quarter. 

Premiums written gained 13% to $9.99 billion, with business insurance premiums up 🍌14%, and bond and specialty insurance premiums higher by 7%. Person♏al insurance premiums climbed 13%, boosted by higher rates for customers.

CEO Alan Schnitzer said the personal insur꧋ance business “i✃s showing significantly improved profitability, and the outlook is for continued improvement.”

Investment income incre🐻ased 24% to $778 million, and catastrophe losses net of reinsurance sank 7♓3% to $125 million.

Travelers shares were up 4.9% at $207.99 per share as of about 12:35 p.m. ET Friday. They have gained about 13% in the past year.