Travelers provides estimate of pg&e subrogation recoveries expected to be recognized in q3

Travelers- will recognize favorable prior year reserve development related to claims of about $400 million in q3 due to pg&e's emergence from bankruptcy .travelers announces preliminary results for second quarter 2020.provides estimate of pg&e subrogation recoveries expected to be recognized in q3 2020.for q2 of 2020, company expects to report a net loss per diluted share of $0.16 and a core loss per diluted share of $0.20.covid-19 and related economic conditions had a modest net impact in quarter.estimate for catastrophe losses is $854 million pre-tax ($673 million after-tax), net of reinsurance in q2.expects to report net investment income of $268 million pre-tax ($251 million after-tax) in q2.q2 earnings per share view $1.34 -- refinitiv ibes data.
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