earnings
confidence high
sentiment positive
materiality 0.75
CNA Financial Q2 2021 net income $1.35/share; record core income $1.25/share
CNA FINANCIAL CORP
2021-Q2 EPS reported
$2.49
revenue$5,895,000,000
- Net income $368M ($1.35/diluted) vs $151M ($0.55) YoY; core income $341M ($1.25) vs $99M ($0.36).
- P&C combined ratio 94.0% vs 109.2% YoY; catastrophe losses $54M vs $301M; underlying combined ratio 91.4%.
- Net investment income $591M (+11% YoY) with limited partnership returns of 8.3% ($156M).
- Book value per share $46.69; ex-AOCI $44.81, up 6% from year-end 2020 adjusted for dividends.
- Quarterly dividend $0.38/share declared, payable Sept 2, 2021 to record on Aug 16.