1101 ET - Travelers says the direct impact from tariffs enacted by the Trump administration should be pretty manageable. CEO Alan Schnitzer on an analyst call says the impact is "just a fraction of auto and property losses that are physical damage related and only a fraction of those are for materials that would be impacted by tariffs." He adds that the most significant affect for the company is likely to be one-time impacts of physical damage repair costs, which most notably affects private passenger auto. "From there, the impacts diminish pretty significantly." Shares rise 3.9% to $259.47 following a 1Q earnings beat despite losses from California wildfires. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
April 16, 2025 11:01 ET (15:01 GMT)
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