Welcome to our dedicated page for CNA Financial news (Ticker: CNA), a resource for investors and traders seeking the latest updates and insights on CNA Financial stock.
CNA Financial Corporation (NYSE: CNA) is an insurance holding company focused on commercial property and casualty insurance, with core operations in Specialty, Commercial and International segments. This news page aggregates company announcements, earnings releases, rating actions and other disclosures that relate to CNA’s insurance and financial performance.
Readers can find detailed coverage of CNA’s quarterly and year-to-date results, including net income, core income, property and casualty combined ratios, catastrophe losses, net investment income and segment-level underwriting performance. CNA regularly reports on the performance of its Specialty, Commercial and International property and casualty operations, as well as its Life & Group and Corporate & Other segments.
The news feed also includes updates from Loews Corporation, CNA’s majority owner, where CNA’s contribution to Loews’ consolidated results is discussed. These items provide additional context on CNA’s role within the broader Loews group, including insurance revenues, income before income tax and net income attributable to Loews.
Sector-specific developments appear in items such as AM Best credit rating actions on CNA’s property/casualty subsidiaries and related entities, highlighting assessments of balance sheet strength, operating performance, business profile and enterprise risk management. News about capital markets activity, such as offerings of senior unsecured notes, is reflected in company announcements and related filings.
Operational and strategic updates, including leadership appointments, governance changes and product or brand launches, are also covered. Examples include announcements of strategic leadership roles across global specialty, global property and casualty, and global commercial industry segments, as well as the launch of Cardinal E&S, a CNA brand focused on the excess and surplus market.
Investors, analysts and other interested readers can use this page to follow CNA’s earnings releases, rating developments, capital markets transactions and strategic initiatives as disclosed in company news and related communications.
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.
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.