Key Takeaways CNA increases its gross premiums through retention, competitive pricing, and new business.Stronger underwriting drives better combined ratio and healthier margins.CNA has raised its dividend five times in five years with a 40% payout ratio.Shares of CNA Financial (CNA) have lost 1.4% year to date, underperforming its industry, the sector, and the Zacks S&P 500 Composite’s growth of 8.8%, 13.8% and 12.8%, respectively, in the same time frame.The insurer has a market capitalization of $12.9 bill ...