CNA Financial Announces 2021 First-Quarter Profit

CNA announces leadership transition

CNA Financial Corporation today announced first quarter 2021 net income of $312 million, or $1.14 per share, versus net loss of $61 million, or $(0.23) per share, in the prior year quarter. Core income for the quarter was $263 million, or $0.96 per share, versus $108 million, or $0.40 per share, in the prior year… Continue reading CNA Financial Announces 2021 First-Quarter Profit

CNA Financial Improves Q3 Income Despite Heavy Cat Losses

CNA announces leadership transition

Chicago-based insurer CNA Financial Corporation has reported an improved net income of $213 million for the third quarter of 2020 despite clocking an elevated $160 million of catastrophe losses for the period. Top line growth and higher investment income helped the company to beat an income figure of $107 million for Q3 2019, as well… Continue reading CNA Financial Improves Q3 Income Despite Heavy Cat Losses

CNA Financial 3Q Profit Falls on Premium Deficiency

CNA announces leadership transition

CNA Financial Corp.’s (CNA) third-quarter profit fell as the insurance company recorded a charge related to premium deficiency and lower core income across various segments. CNA, a subsidiary of the conglomerate Loews Corp. (L), booked a charge of $170 million due to a recognition of an active-life-reserve premium deficiency driven by changes in interest-rate assumptions.… Continue reading CNA Financial 3Q Profit Falls on Premium Deficiency

CNA Financial Announces Second Quarter 2019 Results

CNA announces leadership transition

CNA Financial Corporation today announced second quarter 2019 net income of $278 million, or $1.02 per share, and core income of $294 million, or $1.08 per share. Net income for the six months ended June 30, 2019 was $620 million, or $2.28 per share, and core income was $612 million, or $2.25 per share. Property… Continue reading CNA Financial Announces Second Quarter 2019 Results