earnings
confidence high
sentiment positive
materiality 0.70
CNA Q3 net income $256M ($0.94/share), core income $237M ($0.87), record underlying combined ratio 91.1%
CNA FINANCIAL CORP
2021-Q3 EPS reported
$3.43
revenue$8,854,000,000
- Net income $256M ($0.94 diluted) vs $213M ($0.79) YoY; core income $237M ($0.87) vs $193M ($0.71).
- P&C underlying combined ratio 91.1% (record low); overall combined ratio 100.0% including 9.2 pts catastrophe losses.
- Net catastrophe losses $178M pretax, incl. $114M from Hurricane Ida.
- Gross written premium growth 10% (excl. third-party captives); new business up 24%.
- Dividend declared $0.38/share, payable Dec 2 to holders of record Nov 15.