CNA Financial (CNA) Stock News

CNA Financial Corporation (NYSE: CNA) reported Q4 2021 net income of $266 million ($0.98/share), down from $387 million ($1.42/share) year-over-year. Full-year net income reached $1,202 million ($4.41/share), up from $690 million ($2.53/share) in 2020. The Property & Casualty segment exhibited robust growth with gross written premiums increasing by 16% in Q4. A quarterly dividend of $0.40 and a special dividend of $2.00 per share were announced, payable on March 10, 2022. The company remains optimistic about 2022, citing strong performance and favorable market conditions.

CNA Financial Corporation (NYSE: CNA) will announce its fourth quarter 2021 results on February 7, 2022, before the market opens. Investors can access the news release, earnings presentation, and financial supplement on the company's website. A conference call with CEO Dino E. Robusto is scheduled for 8 a.m. CT, with a Q&A session following. Interested participants can join by calling (800) 289-0571 or +1 (720) 543-0206 for international callers. A replay will be available online afterward.

CNA has appointed Scott Lindquist as Executive Vice President and Chief Financial Officer, effective January 10, 2022. He will succeed Larry Haefner, who served as Interim CFO since September 2021. Lindquist brings over 30 years of finance experience, previously holding CFO roles at Farmers Group and Genworth Financial. Additionally, Amy Smith has been appointed as Chief Accounting Officer, reporting to Lindquist. CNA is a leading U.S. commercial property and casualty insurance company, providing various insurance products and services.

CNA Financial Corporation (NYSE: CNA) reported a strong third quarter 2021, achieving a net income of $256 million or $0.94 per share, compared to $213 million or $0.79 per share in Q3 2020. Core income rose to $237 million from $193 million. The Property & Casualty segments saw core income decrease by $19 million, impacted by higher catastrophe losses. Despite this, the underlying combined ratio improved to 91.1%. CNA declared a quarterly dividend of $0.38 per share.

CNA Financial Corporation (NYSE: CNA) will release its third quarter 2021 results on November 1, 2021, before the market opens. Investors can access the news release and earnings presentation on CNA's website. A conference call will be held at 8 a.m. CT, hosted by Dino E. Robusto, Chairman & CEO. Participants can join by calling (800) 289-0571 or +1 (720) 543-0206 for international calls. An online replay will be available after the call. CNA specializes in commercial property and casualty insurance across the U.S., Canada, and Europe.

CNA appointed Dieter Korte as Senior Vice President, Middle Market, effective immediately. Korte is tasked with overseeing profitability, growth, and strategic direction in this sector. With a 25-year history in commercial leadership and a tenure at CNA since 2016, Korte brings a wealth of experience to the role. His strong leadership qualities were highlighted by Kevin Leidwinger, President and COO of Commercial. CNA is recognized as one of the largest U.S. commercial property and casualty insurance companies, offering diverse insurance solutions.

CNA announced the resignation of Al Miralles, Chief Financial Officer, effective September. Miralles is leaving to pursue a career in the tech sector. In the interim, Larry Haefner, former Chief Actuary, will step in as acting CFO during the search for a permanent replacement. Dino Robusto, Chairman and CEO, expressed gratitude for Miralles' decade-long service and assured stakeholders of a smooth transition. CNA, a prominent U.S. commercial property and casualty insurance firm, is committed to maintaining stability during this leadership change.

CNA announces Michael Costonis transitions to Global Head of Marketing, Strategy, and Innovation after serving as COO for three years. With 26 years of consulting experience, he is poised to enhance CNA's market strategies. Gary Haase joins as COO, bringing two decades of expertise from Catalina Holdings, particularly in operational management and data analytics. Both appointments are aimed at leveraging advanced analytical technologies to drive transformative initiatives and enhance operational strategies.

CNA Financial Corporation (NYSE: CNA) reported a strong second quarter for 2021, with net income soaring to $368 million, or $1.35 per share, up from $151 million, or $0.55 per share, year-over-year. Core income also rose significantly to $341 million, or $1.25 per share. The Property & Casualty segment's core income jumped to $351 million due to lower catastrophe losses and improved underwriting. The company declared a quarterly dividend of $0.38, payable on September 2, 2021. CNA's gross written premiums grew by 8%, while net investment income reached $591 million, driven by strong returns in various investments.