earnings
confidence high
sentiment positive
materiality 0.70
CNA Q1 core income up 20% to $316M; P&C combined ratio lowest in five years at 91.9%
CNA FINANCIAL CORP
2022-Q1 EPS reported
$1.15
revenue$2,885,000,000
- Core income $316M ($1.16/diluted share) vs $263M ($0.96) prior year, driven by lower catastrophe losses and improved underwriting.
- P&C combined ratio 91.9% vs 98.1% prior year; catastrophe losses 1.0 point vs 6.8 points.
- Gross written premium ex captives up 8%; written rate +7%, earned rate +9%.
- Net investment income $448M pretax, down from $504M due to lower limited partnership returns.
- Book value per share $39.87 (down 16% from year-end), ex-AOCI $44.67 (up 2% adjusting for dividends); quarterly dividend $0.40.