CNA Financial Stock Price, News & Analysis

CNA Financial Corporation (NYSE: CNA) has launched Cardinal E&S, a new brand dedicated to serving the excess and surplus (E&S) market. The strategic expansion builds upon CNA's established presence in the E&S space and demonstrates their commitment to the wholesale distribution channel. Cardinal E&S will focus on specialized underwriting across casualty, property, healthcare, and financial lines, emphasizing expertise, rapid response times, and customized solutions. The brand operates under CNA's Global Underwriting Presidents with five dedicated leaders: Erika Palass (Casualty), Robert Martin (Property), Jessica Landau (Healthcare), Christopher Clementi (Financial Lines), and Mary Rimbey (National Distribution).

Loews Corporation (NYSE: L) reported Q1 2025 net income of $370 million ($1.74 per share), down from $457 million ($2.05 per share) in Q1 2024. Key highlights include: CNA Financial's net income decreased to $252M from $310M due to unfavorable loss reserve development; Boardwalk Pipelines improved to $152M from $121M driven by higher rates; Loews Hotels reported $0M vs $16M previously. The company's book value per share increased to $89.74 (excluding AOCI) as of March 31, 2025. Parent company held $3.5B in cash/investments and $1.8B in debt. Notably, Loews repurchased 5.1M common shares for $429M since December 31, 2024. CNA showed 9% growth in written premiums but faced challenges with a higher combined ratio of 98.4% vs 94.6% year-over-year.

CNA Financial reported Q1 2025 results with net income of $274M ($1.00 per share) and core income of $281M ($1.03 per share), down from $338M and $355M respectively in Q1 2024. The P&C combined ratio was 98.4%, compared to 94.6% last year, with catastrophe losses of $97M including $53M from California wildfires. P&C segments showed strong growth with gross written premium up 7% and net written premium up 9%. Net investment income was $604M, with fixed income contributing $550M. The company maintained strong underwriting performance with a P&C underlying combined ratio of 92.1%. The Board declared a quarterly dividend of $0.46 per share. Book value per share was $37.98, while book value excluding AOCI reached $44.58, representing a 2% increase from year-end 2024 after adjusting for dividends.

CNA Financial (NYSE: CNA) has announced it will release its first quarter 2025 financial results on Monday, May 5, 2025, before market opening. The company will make available its earnings release, presentation, and financial supplement on their website's Investor Relations section.

The company will also post a transcript of earnings remarks featuring commentary from President and CEO Douglas M. Worman and CFO Scott R. Lindquist. Shareholders and analysts are invited to submit questions in advance to be potentially addressed in the earnings remarks.

Loews (NYSE: L) reported Q4 2024 net income of $187 million ($0.86 per share), compared to $446 million ($1.99 per share) in Q4 2023. The results include a previously reported $265 million pension settlement charge for CNA. Full-year 2024 net income was $1,414 million ($6.41 per share).

Key highlights: CNA Financial's results decreased due to higher catastrophe losses and investment losses. Boardwalk Pipelines improved due to increased revenues from higher re-contracting rates. Loews Hotels saw decreased results primarily from higher depreciation and interest expenses related to the Arlington Hotel opening.

The company's book value per share excluding AOCI increased to $88.18 as of December 31, 2024. During 2024, Loews repurchased 7.7 million common shares for $611 million, with 4.2 million shares ($349 million) repurchased in Q4. The parent company held $3.3 billion in cash and investments with $1.8 billion in debt at year-end.

CNA Financial reported Q4 2024 net income of $21 million ($0.07 per share), down from $367 million in Q4 2023, primarily due to a $290 million after-tax pension settlement loss. Core income was $342 million ($1.25 per share) versus $362 million ($1.33 per share) in the prior year quarter.

For full-year 2024, the company achieved record core income of $1,316 million ($4.83 per share), up from $1,284 million in 2023. Property & Casualty segments showed strong performance with core income of $1,549 million, driven by higher investment income and record underlying underwriting income.

Key highlights include: P&C combined ratio of 93.1% in Q4; 9% gross written premium growth excluding captives; net investment income up 5% to $644 million. The company increased its quarterly dividend by 5% to $0.46 per share and declared a special dividend of $2.00 per share.

CNA Financial (NYSE: CNA) has announced it will release its fourth quarter 2024 financial results before market opening on Monday, February 10, 2025. The company will make available its earnings release, presentation, and financial supplement on their website's Investor Relations section.

Additionally, CNA will post a transcript of earnings remarks featuring commentary from President and CEO Douglas M. Worman and CFO Scott R. Lindquist. Shareholders and analysts are invited to submit questions in advance to be potentially addressed in the earnings remarks.

AM Best has revised the outlook for CNA Financial (NYSE: CNA) and its subsidiaries to positive from stable, while affirming their Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Ratings of 'a+'. The positive outlook reflects CNA's consistently strong operating performance, favorable underwriting and investment metrics compared to peers, and support from its 92% shareholder Loews

The ratings acknowledge CNA's very strong balance sheet, adequate operating performance, favorable business profile, and appropriate enterprise risk management. The company maintains the strongest level of risk-adjusted capitalization and has established itself as a leading U.S. writer of commercial and specialty lines, with the specialty insurance segment being its primary profitability driver.

Loews (NYSE: L) reported Q3 2024 net income of $401 million, or $1.82 per share, up from $253 million in Q3 2023. The 38% year-over-year growth was driven by improvements at CNA Financial, Boardwalk Pipelines, and parent company investment income, partially offset by decreased performance at Loews Hotels. CNA's results improved due to higher investment income, while Boardwalk benefited from increased revenues from re-contracting at higher rates. Book value per share excluding AOCI increased to $87.22. The company repurchased 0.8 million shares for $64 million in Q3 and an additional 1.2 million shares for $92 million in Q4.