It's Thursday January 21st.

Welcome to Market. I'm Chris Hill with me today. The one and only Bill Barker.

Thanks for being here.

Thanks for having me.

We've got airlines, we've got energy, we're going to start with

insurance. Travelers, fourth quarter profits came in higher than expected. Travelers' renewal premiums were up, their catastrophe claims were down.

This looks like one of those quarters where if you're a traveler's shareholder, every

number is going in the direction that you would want it to be going

Although the stock isn't really popping in the way that would reflect that it's up a couple of percentage points. It is helping to lift up the Dow Jones industrial

average but it's not shooting to the moon no nor should it be shooting to the moon

things get a little bit better over time on the whole for travelers but the

earnings for share down this year down against almost everyone in the last five years.

There's always a little bit of cyclicality

and what the claims are gonna be.

And I think as you mentioned,

the net income on the investments

was, it was a good quarter it was great quarter

for investments in the fourth quarter so their float should have been performing

pretty well but But, you know, really travelers not earning as much money as they did five, six years

ago. And so why should this stock be, you know be setting new records under that scenario?

Is insurance an industry that interests you? Is it one of those industries that you

look at and think if you're an investor, not that you have to have

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