CNA Financial 预测 - CNA Financial (CNA) 预计在2023年12月报告的季度中，盈利将有年度增长，预计收入也会增加[1] - 报告将于2024年2月5日发布，如果关键数字好于预期，股价可能会上涨，反之则可能下跌[2] - CNA Financial 预计每股盈利为$1.04，同比增长+3%，预计收入为$2.95亿，同比增长7.5%[4][5]

股价表现 - CNA Financial Corporation (CNA) 过去六个月股价上涨13.4%，行业增长为7.6% [1] - CNA Financial Corporation (CNA) 市值为120亿美元，过去三个月平均交易量为20万股 [1] - CNA Financial Corporation (CNA) 股票表现优异，被评为Zacks Rank 1 (Strong Buy) [4] 盈利预期 - CNA Financial Corporation (CNA) 2024年盈利预期上调近0.9%，显示投资者乐观态度 [7] - CNA Financial Corporation (CNA) 2024年盈利预期为每股5.13美元，同比增长15.8% [8] 财务表现 - CNA Financial Corporation (CNA) ROE为13.8%，高于行业平均值7.2%，反映了公司有效利用股东资金的能力 [9] - CNA Financial Corporation (CNA) 通过新业务增长、有限合伙企业收入增加、净赚保费提高和充足的流动性推动了股价上涨 [3] - CNA Financial Corporation (CNA) 通过固定收益证券和其他投资、有限合伙企业和普通股投资收入增加，实现了净投资收入的增长 [11] - CNA Financial Corporation (CNA) 保持了13个季度内的基础综合比率低于95，通过有针对性的投资组合管理策略成功改善了国际业务的整体承保结果 [12] 价值评估 - CNA Financial Corporation (CNA) 具有强大的资产负债表和现金流，使其能够进行股东友好型举措，如提高股息 [13] - CNA Financial Corporation (CNA) 股价与账面价值比为1.4倍，低于行业平均值1.51倍，具有优秀的价值评分 [15]

分组1 - The Travelers Companies在第四季度的业绩表现强劲，每股收益达到了创纪录的7.01美元，比预期高出39%，同比增长106%[4] - The Travelers Companies的核心收入达到了创纪录的16.2亿美元，核心净资产收益率达到了24%，全年盈利增长6%至每股13.13美元，核心收入增长约1%至30亿美元[5] - The Travelers Companies的年度盈利预计将在今年增长31%，并在2025年再次增长15%[11][13] 分组2 - World Acceptance在第三季度的每股收益达到了2.84美元，比预期高出75%，并且连续四个季度超过盈利预期，平均盈利超出预期59.77%[7] - World Acceptance的净收入从去年的5.8百万美元激增至16.7百万美元，贷款余额也大幅增长[9] - World Acceptance的2024年盈利预计将激增215%，2025年再增长17%[11][13]

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Style Sc ...

Third Quarter 2023 Results Notices and Disclaimers Forward Looking Statements This presentation, along with the presentation materials, may also reference or contain financial measures that are not in accordance with generally accepted accounting principles (GAAP). For reconciliations of non-GAAP measures to the most comparable GAAP measures and other information, please refer to CNA's press release and financial supplement that we have made available in connection with this presentation and our other filin ...

财务数据和关键指标变化 - 核心收入大幅增加至2.89亿美元,同比增长573% [11] - 剔除人寿及团险准备金假设变更影响,核心收入仍增长56% [11] - 投资收益增加31%,主要受益于替代投资组合收益的改善和固定收益组合收益的提升 [12][43][44] 各条业务线数据和关键指标变化 - 财产险业务核心收入增长35%,反映了投资收益增加、承保利润创纪录以及灾害损失降低 [13] - 财产险综合成本率为94.3%,其中灾害损失占4.1个百分点,去年同期为5.5个百分点 [13][14] - 财产险基础承保利润创纪录,达2.2亿美元,基础综合成本率为90.4% [14] - 特种险业务综合成本率为90.1%,基础综合成本率为90.7% [18] - 商业险业务综合成本率为98.9%,基础综合成本率为91.5%,创历史新低 [23] - 国际业务综合成本率为88.3%,基础综合成本率为86% [29] 各个市场数据和关键指标变化 - 续保溢价变化为6%,其中费率变化5%,暴露变化1% [15] - 商业险续保费率变化为9%,其中财产险费率上涨达到20%以上,责任险费率上涨达到两位数 [24][25][26] - 特种险续保费率变化为1%,D&O险费率下降趋势有所放缓 [20] 公司战略和发展方向及行业竞争 - 公司持续推动适当的费率水平,尤其是受社会通胀影响的业务线 [8][9][10] - 公司通过提高免赔额、减少参与度等方式优化大型客户组合,以应对有利的市场环境 [16] - 公司持续关注长期护理保险业务的去风险化,通过费率上调和保单退保等措施改善该业务的前景 [39][40][41][42] 管理层对经营环境和未来前景的评论 - 管理层认为高费率水平将持续较长时间,尤其是责任险和商业车险领域 [9][10] - 管理层对公司在利用当前有利的市场环境提升组合质量和盈利能力表示满意 [28] - 管理层对长期护理保险业务的去风险化进程表示乐观,认为已经到了拐点阶段 [40][41][42] 问答环节重要的提问和回答 问题1 **Josh Shanker提问** 未来5-10年公司的承保结果是否还有进一步改善空间 [57][58] **Dino Robusto回答** 公司过去应对社会通胀等挑战的能力表明行业具有较强的抗风险能力,但未来具体情况难以预测 [58][59] 问题2 **Meyer Shields提问** 长期护理保险业务的费率上涨与赔付趋势变化的对应关系 [68][69] **Scott Lindquist回答** 具体数据需要进一步核实,公司正在持续推进费率上调和保单退保等措施 [69][70][71]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number 1-5823 CNA FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) Delaware 36-6169860 (State or other jur ...

Company Participants Dino Robusto Scott Lindquist - Chief Financial Officer I would now like to turn the call over to Ralitza Todorova, AVP, Investor Relations for opening remarks and introductions of today's speakers. Please go ahead. Regarding non-GAAP measures, reconciliations to the most comparable GAAP measures and other information have been provided in our earnings press release, financial supplement and other filings with the SEC. This call is being recorded and webcast. A replay of the call may be ...

1 Excluding currency fluctuations, GWP grew 12% and NWP grew 10% for the second quarter and grew 15% and 13% year to date. | --- | --- | --- | --- | --- | |-----------------------------------------------------|-----------------------|-------------|---------------------|---------| | (In millions) | Second Quarter \n2023 | \n2022 1 0 | Year to Date \n2023 | 2022 1 | | Net earned premiums $113 $118 $228 $238 | | | | | | Net investment income 229 201 443 413 | | | | | | Other revenues — 1 — — | | | | | | Total ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------------------------------------------|-------|-----------|-------|-----------|-------|-----------|-------|--------------------------------------| | (In millions) \nAssets | | Level 1 | | Level 2 | | Level 3 | | Assets/Liabilities at Fair Value | | Fixed maturity securities: | | | | | | | | | | Corporate bonds and other | $ | 120 | $ | 21,187 | $ | 810 | $ | 22,117 | | States, municipalities and political subdivisions | | — | | 8, ...