Travelers Companies Inc (TRV.N) posted a sharp decline in quarterly profit but still easily beat Wall Street estimates, and the largest publicly traded U.S. property insurer said it was increasingly optimistic its markets would improve this year. Travelers also said it would increase its share buyback program to $6.5 billion, which would represent a 30 percent expansion on what it bought back in 2010. Shares of Dow component Travelers rose 2.5 percent in pre-market trading to $57, the highest level since mid-November.
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