earnings
confidence high
sentiment positive
materiality 0.70
CNA Q4 net income $248M ($0.91/sh), core $1.01/sh; full-year combined ratio record low 93.2%; dividend up 5%
CNA FINANCIAL CORP
2022-FY EPS reported
$3.28
revenue$11,879,000,000
- Q4 net income $248M ($0.91/sh) vs $266M ($0.98/sh) in prior year; core income $274M ($1.01/sh) vs $265M.
- Full-year net income $894M ($3.28/sh) vs $1,202M ($4.41/sh); core income $1,048M ($3.84/sh) vs $1,106M.
- P&C full-year combined ratio improved to a record low 93.2% from 96.2%; underlying combined ratio 91.2%.
- Quarterly dividend increased 5% to $0.42/sh plus special dividend of $1.20/sh; payable March 9, 2023.
- P&C gross written premium ex-captives grew 8% in Q4 and 10% for the full year; renewal premium change +7% and +8%.