NEW YORK (AP) _ The Travelers Cos. (TRV) on Thursday reported fourth-quarter profit of $873 million.

On a per-share basis, the New York-based company said it had net income of $3.35. Earnings, adjusted for investment gains, came to $3.32 per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.23 per share.

The insurer posted revenue of $8.06 billion in the period. Its adjusted revenue was $8.05 billion, also topping Street forecasts. Four analysts surveyed by Zacks expected $7.98 billion.

For the year, the company reported profit of $2.62 billion, or $9.92 per share. Revenue was reported as $31.47 billion.

Travelers shares have climbed 3% since the beginning of the year, while the Standard & Poor's 500 index has increased roughly 3%. The stock has risen 16% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TRV at https://www.zacks.com/ap/TRV

Automated Insights, source Associated Press News