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Travelers Q1 net income drops 32%

Travelers, the US insurance giant, reported first quarter net income dropped 32% to $662m from $967m at the end of the first three months of 2008.

Operating income in the first quarter of the year fell to $799m from $1.008bn this time last year.
The results were adversely affected by a 27% reduction in investment income, which sent gains to

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