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% ...

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for CNA Financial, driven by higher revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Company Summary - CNA Financial is expected to report quarterly earnings of $1.11 per share, reflecting a year-over-year increase of 4.7% [3]. - Projected revenues for the quarter are $3.15 billion, which is a 6.3% increase from the previous year [3]. - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst expectations [4]. Earnings Surprise Prediction - The Most Accurate Estimate for CNA Financial is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -5.41%, suggesting a bearish outlook from analysts [10]. - The stock currently holds a Zacks Rank of 3 (Hold), complicating predictions of an earnings beat [11]. Historical Performance - In the last reported quarter, CNA Financial was expected to post earnings of $1.21 per share but delivered $1.19, resulting in a surprise of -1.65% [12]. - Over the past four quarters, the company has beaten consensus EPS estimates twice [13]. Industry Context - In the Zacks Insurance - Property and Casualty industry, Arch Capital Group is expected to report earnings of $1.98 per share, indicating a year-over-year decline of 14.3% [17]. - Arch Capital's revenue is projected at $4.04 billion, a 14.9% increase from the previous year [17]. - Despite a 1% downward revision in the consensus EPS estimate for Arch Capital, a higher Most Accurate Estimate results in an Earnings ESP of 7.91%, suggesting a likely earnings beat [18].

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 ...

Core Viewpoint - CNA Financial's second-quarter 2024 earnings report showed a mixed performance, with core earnings per share missing estimates but revenues increasing year over year. The company faces challenges with underwriting income and rising expenses, leading to a cautious outlook for future performance [2][3][14]. Financial Performance - Core earnings for Q2 2024 were reported at $1.19 per share, missing the Zacks Consensus Estimate by 1.6%, but reflecting a year-over-year increase of 5.3% [2] - Total operating revenues reached $3.1 billion, up 6.7% year over year, surpassing the Zacks Consensus Estimate by 1.3% [3] - Net investment income rose 7.4% year over year to $618 million, driven by higher income from fixed income securities and a larger invested asset base [4] - Total claims, benefits, and expenses increased by 7.3% to $2.6 billion, primarily due to higher insurance claims and related expenses [5] Underwriting and Premiums - Underwriting income declined 10.1% year over year to $124 million, with a combined ratio deteriorating by 100 basis points to 94.8 [6] - Net written premiums for Property & Casualty Operations increased by 6% year over year to $2.6 billion, supported by an 85% retention rate and a 5% renewal premium change [3] - Specialty's net written premiums rose 4% to $857 million, while Commercial's net written premiums increased by 10% to $1.4 billion [7] Segment Results - International's net written premiums remained flat at $359 million, with a combined ratio improving by 30 basis points to 91.9 [8] - Life & Group's net earned premiums decreased by 3.5% to $109 million, but the core loss narrowed significantly compared to the previous year [9] Financial Metrics - Core return on equity expanded by 40 basis points to 10.6%, while book value per share decreased by 1.1% to $45.86 [10] - Statutory capital and surplus for the Combined Continental Casualty Companies increased by 0.7% to $11 billion [10] - Net cash flow from operating activities increased by 23% to $616 million [10] Dividend Information - The board of directors approved a quarterly dividend of 44 cents per share, payable on August 29 to shareholders as of August 12 [11] Market Sentiment and Outlook - There has been a downward trend in earnings estimates, with a consensus estimate shift of -6.02% [12] - CNA Financial holds a Zacks Rank 3 (Hold), indicating expectations for an in-line return in the coming months [14] Industry Comparison - CNA Financial operates within the Zacks Insurance - Property and Casualty industry, where Kinsale Capital Group has shown a 5.6% gain over the past month [15] - Kinsale Capital Group reported revenues of $384.55 million, reflecting a year-over-year change of +30% [16]

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 ...

Core Insights - CNA Financial reported a net income of $317 million for Q2 2024, marking a 12% increase from $283 million in the same quarter last year, driven by growth in investment income despite a deterioration in the combined ratio due to higher catastrophe losses [1][2][8] Financial Performance - Year-to-date, higher investment income has continued to boost earnings, with underwriting performance showing a gain of $124 million in Q2, contributing to a year-to-date underwriting income of $250 million [2][3] - The combined ratio for the year-to-date showed a 0.8-point deterioration from the previous year, primarily due to a higher underlying loss ratio and increased catastrophe losses, which had a 3.6-point adverse impact [3][4] - In Q2 2024, the effective yield on fixed-income investments rose to 4.8% from 4.6%, supported by higher reinvestment rates [1][8] Underwriting Performance - The specialty business maintained a quarterly combined ratio of 92.7%, compared to 90.9% the previous year, with a year-to-date combined ratio of 91.7%, reflecting a 1.3-point deterioration [4][17] - The commercial business exhibited robust performance with an 11% premium growth after reinsurance, driven by a 7% rate change and an 84% retention rate [17][23] Investment Income - CNA Financial's net investment income for Q2 2024 amounted to $618 million, up 7% year-over-year, contributing to a total expected investment income of around $2.175 billion for 2024, a 5% increase from 2023 [8][9] International Operations - The international segment recorded stable underwriting income with a $25 million underwriting gain, and the combined ratio improved from 92.2% to 91.9% due to lower catastrophe losses [7][19] - Year-to-date underwriting gain for international operations was $46 million, up by 48%, benefiting from strong results in the first quarter [24] Valuation and Debt Position - CNA Financial's book value per share is $36.46, with a price-to-book valuation of about 1.36, which is relatively attractive compared to other property and casualty insurers [21] - The company issued $500 million in senior unsecured notes in 2024 to repay maturing notes, maintaining a manageable debt-to-capital ratio of 23.1% [21]

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 ...