earnings
confidence high
sentiment positive
materiality 0.80
CNA Q4 net income $0.98/share; full-year core income record $4.06; special dividend $2.00
CNA FINANCIAL CORP
2021-FY EPS reported
$4.41
revenue$11,908,000,000
- Q4 net income $266M ($0.98); core income $265M ($0.97); full-year net income $1,202M ($4.41), record core $1,106M ($4.06).
- P&C combined ratio 92.9% (lowest in 5 yrs); underlying combined ratio 91.2%; GWP ex-captives +16% YoY; rate +8%.
- Quarterly dividend raised 5% to $0.40; special dividend of $2.00/share payable March 10, 2022.
- Book value per share $47.20; ex-AOCI $46.02 (+10% from year-end 2020, adjusted for dividends).
- Q4 core income includes $48M after-tax non-economic A&EP charge; P&C core income $353M, down $5M YoY.