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NEW YORK (AP) — NEW YORK (AP) — The Travelers Cos. (TRV) on Wednesday reported fourth-quarter net income of $2.08 billion. On a per-share basis, the New York-based company said it had profit of $8.96.

The carrier forecast an adjusted loss per share in the range of 20 cents to 40 cents for the first quarter. Analysts polled by FactSet expected a loss of 4 cents a share on an adjusted basis.