Net income up 10% to $283 million versus $258 million in the prior year quarter; core income of $293 million versus $289 million in the prior year quarter. Year to date core income up 6% to a record $974 million. P&C core income of $346 million versus $351 million, reflects the largely offsetting impacts of higher catastrophe losses and higher investment income. Life & Group core loss of $9 million versus $29 million in the prior year quarter, reflects higher investment income. Net investment income up 13% ...

Wall Street expects a year-over-year increase in earnings on higher revenues when CNA Financial (CNA) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Novembe ...

CHICAGO, Oct. 21, 2024 /PRNewswire/ -- CNA Financial Corporation (NYSE: CNA) today announced that it expects to report pretax net catastrophe losses in the third quarter 2024 of $143 million. Approximately 75% of the catastrophe losses are associated with four larger events, including $55 million from Hurricane Helene. The remaining approximately $35 million of losses is spread across a number of additional events occurring during the quarter. Catastrophe losses are comprised of $127 million in the Commerci ...

CHICAGO, Oct. 15, 2024 /PRNewswire/ -- CNA Financial Corporation (NYSE: CNA) will report third quarter 2024 results before the market opens on Monday, November 4, 2024. The news release, earnings presentation and financial supplement will be available on CNA's website at www.cna.com via the Investor Relations section. Along with these documents CNA will post a transcript of earnings remarks, which will include commentary from the Company's Chairman & Chief Executive Officer, Dino Robusto, and Chief Financia ...

LIVONIA, Mich., Sept. 23, 2024 (GLOBE NEWSWIRE) -- In a release issued earlier today by MedCerts, a typing error was left in the headline. It should say "MedCerts Launches Certified Nursing Assistant (CNA) eLearning Program Benefiting Medical Providers, Patients and Aspiring Healthcare Professionals," not Cing Assistant as previously published. The updated release follows: Offering a vital solution for healthcare providers requiring more trained personnel and patients in need of qualified care, MedCerts tod ...

A month has gone by since the last earnings report for CNA Financial (CNA) . Shares have added about 3.3% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is CNA Financial due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. CNA Financial Q2 Earnings Miss, Revenues Rise ...

Shares of CNA Financial Corporation (CNA) have gained 31% in the past year compared with the industry's growth of 28.8%. The Finance sector and the Zacks S&P 500 index have returned 27.9% and 27.1% in the said time frame, respectively. With a market capitalization of $13.87 billion, the average volume of shares traded in the last three months was 0.3 million. Image Source: Zacks Investment Research The rally was largely driven by solid premium writing underwriting expertise, a sturdy balance sheet and capit ...

The Zacks Property and Casualty Insurance industry is well-poised to benefit from better pricing, prudent underwriting, increased exposure, an improving rate environment and a solid capital position. With the ongoing economic expansion, insurers remain well-poised for growth. The buoyancy in the industry is further confirmed by its Zacks Industry Rank #26, which places it in the top 10% of more than 251 Zacks industries. However, industry players continue to grapple with issues like higher catastrophe event ...

CNA Financial (NYSE:CNA) reported a net income of $317 million for the second quarter of 2024, a 12% year-over-year increase from $283 million in the prior year quarter, Despite a deterioration in the combined ratio due to higher catastrophe losses, the growth in investment income drove the higher post-tax camings. In Q2 2024, the effective yield on fixed-income investments rose to 4.8% from 4.6%, driven by higher reinvestment rates. On a year-to-date basis, higher investment income continued to boost earni ...

The quarterly results of CNA reflected higher income from fixed income securities, larger invested asset base, improved retention and renewal premium change, partly offset by poor underwriting income and escalating expenses. Total operating revenues of CNA Financial were $3.1 billion, up 6.7% year over year due to higher premiums, net investment income and other revenues. The top line beat the Zacks Consensus Estimate by 1.3%. Net investment income rose 7.4% year over year to $618 million. The increase was ...