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 ...

Company Performance - CNA Financial reported quarterly earnings of $1.19 per share, missing the Zacks Consensus Estimate of $1.21 per share, but showing an increase from $1.13 per share a year ago [1] - The company posted revenues of $3.13 billion for the quarter, surpassing the Zacks Consensus Estimate by 1.37%, and compared to $2.93 billion in the same quarter last year [9] - The earnings surprise for this quarter was -1.65%, and the company has topped consensus revenue estimates four times over the last four quarters [8][9] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.25 on revenues of $3.16 billion, and for the current fiscal year, it is $4.96 on revenues of $12.51 billion [12] - The estimate revisions trend for CNA Financial is favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [5] Industry Context - CNA Financial operates within the Insurance - Property and Casualty industry, which is currently in the top 24% of over 250 Zacks industries, suggesting a positive outlook for the sector [6] - The company has added approximately 14.7% to its stock value since the beginning of the year, slightly outperforming the S&P 500's gain of 14.5% [10]

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------------------------------------------------------|-------|-------|-------|-----------------|-------|-------|----------|--------|-------| | Periods ended June 30 \n(In millions) | | 2024 | Three | Months \n2023 | | 2024 | Six \n | Months | 2023 | | Pretax (favorable) unfavorable development: | | | | | | | | | | | Commercial | $ | | 6 | $ | (3) | $ | 6 | $ | (5) | | Specialty | | | (9) | | 3 | | (9) | | 22 | | Other | | | — | | — | | — | ...

June 30, 2024 | --- | --- | |---------------------------------------------------------------------------------------------|-------| | | | | Statements of Operations Components of Income (Loss), Per Share Data and Return on Equity | | | Selected Balance Sheet Data and Statements of Cash Flows Data | | | Results of Operations | | | Property & Casualty | | | Specialty | | | Commercial | | | | | | International | | | Life & Group | | | Corporate & Other | | | Investment Information | | | Investment Summary - Co ...

Exposure represents the measure of risk used in the pricing of the insurance product. The change in exposure represents the change in premium dollars on policies that renew as a result of the change in risk of the policy. Retention represents the percentage of premium dollars renewed, excluding rate and exposure changes, in comparison to the expiring premium dollars from policies available to renew. New business represents premiums from policies written with new customers and additional policies written wit ...

Analysts on Wall Street project that CNA Financial (CNA) will announce quarterly earnings of $1.21 per share in its forthcoming report, representing an increase of 7.1% year over year. Revenues are projected to reach $3.08 billion, increasing 5.3% from the same quarter last year. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 1.6% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this peri ...

But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from. Growth Score Momentum investors should take note of this Finance stock. CNA has a Momentum Style Score of A, and shares are up 5.1% over the past four weeks. The research service features 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, all of which will help you become a smarte ...