CNA Financial Stock Price, News & Analysis

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.

CNA Financial Corporation (NYSE: CNA) is set to release its second quarter 2021 results on August 2, 2021, before market opening. The financial details will be accessible on CNA's website. A conference call led by Dino E. Robusto, Chairman & CEO, will occur at 8 a.m. CT for investors and analysts. Interested participants can join via phone. A replay will be available post-call. Established over 120 years ago, CNA provides diverse insurance solutions across the U.S., Canada, and Europe.

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) for CNA Insurance Companies, part of CNA Financial Corporation (CNA), alongside a Long-Term Issuer Credit Rating (ICR) of 'a+' (Excellent). The ratings reflect CNA's very strong balance sheet strength, favorable operating performance, and robust business profile. Despite the strength, the discontinued long-term care program negatively impacts profitability. Western Surety Group also received stable ratings, reflecting strong capitalization and consistent operating performance.

CNA has appointed Susan Stone as Executive Vice President and General Counsel, effective June 28, 2021. She will lead the Law Department and manage all legal matters, including compliance and litigation. Stone brings over 30 years of legal experience, previously serving as General Counsel at Marsh LLC. Her role aims to ensure profitable and ethical business growth. The firm, with over 120 years of experience in the insurance sector, provides a variety of commercial property and casualty insurance products in the U.S., Canada, and Europe.

CNA Financial Corporation (NYSE: CNA) reported a strong Q1 2021, achieving net income of $312 million ($1.14 per share), rebounding from a net loss of $61 million in Q1 2020. Core income rose to $263 million ($0.96 per share) from $108 million ($0.40 per share) year-over-year. The Property & Casualty segment showed a core income of $263 million, driven by increased net investment income and improved underwriting results, despite higher catastrophe losses. The company also declared a quarterly dividend of $0.38 per share.

CNA Financial Corporation is set to report its first quarter 2021 results before market opening on May 3, 2021. Investors can access the news release, earnings presentation, and financial supplement on www.cna.com. A conference call will be held at 8 a.m. CT with Dino E. Robusto, the Chairman & CEO. Interested participants can join via phone or view a live webcast on the Investor Relations section of their website. CNA, a major U.S. commercial property and casualty insurance provider, offers diverse insurance products for businesses across North America and Europe.

AM Best confirmed that the Credit Ratings of CNA Financial Corporation (CNA) remain unchanged following a cybersecurity attack that disrupted certain systems, including corporate email. The ratings outlook is stable. AM Best notes that CNA is actively managing the situation, implementing workarounds to maintain critical operations. Although the cyberattack's impact hasn't materially affected CNA's credit profile, AM Best will closely monitor developments for any potential changes regarding the company's enterprise risk management and reputation in the market.

CNA has appointed Steve Marohn as Senior Vice President of Small Business, responsible for profitability and strategic direction in the sector. Marohn, who joined CNA in 2013, previously led the San Francisco branch and has a wealth of experience in the industry, including a role at AIG. His appointment is expected to enhance CNA's Small Business growth and client solutions through his established agent and broker relationships. The company, a major player in commercial property and casualty insurance, boasts over $45 billion in invested assets.