CNA Financial Stock Price, News & Analysis

CNA Financial Corporation (NYSE: CNA) is set to release its first quarter 2023 financial results on May 1, 2023, before market opens. The earnings presentation, financial supplement, and news release will be accessible on their official website www.cna.com. A conference call for investors and analysts will occur at 8 a.m. CT, led by Chairman and CEO Dino E. Robusto. Participants can join by calling (844) 481-2830 for USA Toll Free or +1 (412) 317-1850 for international calls. An online replay will be available post-call. CNA is a prominent player in the U.S. property and casualty insurance market, providing extensive insurance solutions backed by over 120 years of experience.

Loews Corporation reported strong fourth quarter results for 2022, with net income increasing to $364 million ($1.53 per share) compared to $343 million ($1.36 per share) in the previous year. Key performance drivers included better results at Boardwalk Pipelines and higher investment returns. However, CNA's net income declined due to lower returns on investments and higher catastrophe losses, despite improved underwriting results. The book value per share decreased to $61.86, impacted by unrealized losses in CNA's fixed income portfolio. Loews repurchased 12.7 million shares for $738 million in 2022, indicating strong capital management.

CNA Financial Corporation (NYSE: CNA) reported fourth quarter 2022 net income of $248 million or $0.91 per share, down from $266 million in Q4 2021. Core income rose to $274 million, exceeding last year’s $265 million. The Property & Casualty (P&C) core income was $342 million, while Life & Group reported a core loss of $(16) million. P&C segments achieved 8% gross written premium growth this quarter. The company declared a 5% increase in its quarterly dividend to $0.42 per share, alongside a special dividend of $1.20 per share. For the full year, net income was $894 million, down from $1,202 million in 2021.

CNA Financial Corporation (NYSE: CNA) is set to release its fourth quarter 2022 results on February 6, 2023, before market opening. The news release, earnings presentation, and financial supplement will be accessible on their website at www.cna.com. A conference call hosted by Dino E. Robusto, Chairman & CEO, will occur at 8 a.m. CT. Participants can join via a toll-free number or through a live webcast in the Investor Relations section of their site. CNA, one of the largest U.S. commercial property and casualty insurers, has over 120 years of experience in offering insurance products and services.

CNA has appointed Steve Goldman as the new Senior Vice President for Financial Lines and Healthcare, effective immediately. Goldman brings over 20 years of extensive insurance experience from leadership roles at AIG, ACE, and Chubb. His expertise will guide strategic operations across CNA's Management Liability, Financial Institutions, and Healthcare sectors. Doug Worman, EVP and Global Head of Underwriting, highlighted Goldman's proven performance in the financial lines portfolio as a key factor in his selection.

Loews Corporation reported a net income of $130 million ($0.54 per share) for Q3 2022, down from $220 million ($0.85 per share) in Q3 2021. Year-to-date net income is $648 million ($2.64 per share), compared to $1.2 billion ($4.70 per share) in 2021. Key drivers included higher underwriting income and improved performance in Loews Hotels & Co, offset by investment losses at CNA. Book value per share declined to $58.14, reflecting market challenges. Share repurchases totaled 10.5 million shares at a cost of $614 million.

CNA Financial Corporation (NYSE: CNA) reported a net income of $128 million for Q3 2022, down from $256 million in Q3 2021, with core income at $213 million, a decrease from $237 million year-over-year. The decline was primarily due to $121 million pretax drop in investment income from LPs and common stock. P&C segments showed robust growth, with gross written premium increasing by 9% and a combined ratio of 95.8%. A quarterly dividend of $0.40 per share was declared, payable on December 1, 2022.

CNA Financial Corporation (NYSE: CNA) will release its third quarter 2022 financial results before the market opens on October 31, 2022. The results, including a news release and earnings presentation, will be accessible on www.cna.com. A conference call for investors, led by Chairman & CEO Dino E. Robusto, is scheduled for 8 a.m. CT. Participants can join via the provided numbers or watch the live webcast on CNA's Investor Relations page. An online replay will be available afterward.

CNA Financial Corporation reported Q2 2022 net income of $205 million ($0.75 per share), down from $368 million ($1.35 per share) a year ago. Core income decreased to $245 million from $341 million, primarily due to lower investment income from LPs. P&C core income was $317 million, down from $351 million, despite a 64% increase in underwriting income. Net investment income fell to $432 million. The P&C combined ratio improved to 91.0%. A dividend of $0.40 per share was declared, payable September 1, 2022.