CNA Q3 net income $258M ($0.95/sh) vs net loss $42M last year; core income $289M ($1.06/sh)

CNA FINANCIAL CORP

2023-Q3 EPS reported $3.08 revenue$9,792,000,000

Core income up 56% to $291M excluding Life & Group annual reserve reviews; P&C core income +35% to $351M.
Net investment income +31% to $553M pretax, driven by LP/common stock (+$72M) and fixed income (+$59M).
P&C combined ratio improved to 94.3% from 95.8%; underlying combined ratio of 90.4% and record underlying underwriting income.
Gross written premiums ex-captives grew 7%; renewal premium change +6% (rate +5%, exposure +1%).
Quarterly dividend maintained at $0.42 per share, payable Nov. 30, 2023 to holders of record Nov. 13.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CNA FINANCIAL CORP reported the third quarter 2023 results: net income $258 million, or $0.95 per share, EPS $0.95 per share.

Period: the third quarter 2023
Net income: $258 million, or $0.95 per share
EPS: $0.95 per share
Result: reported results

Exact text from the filing

CNA Financial Corporation (NYSE: CNA) today announced third quarter 2023 net income of $258 million, or $0.95 per share

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Source: SEC EDGAR

accession 0000021175-23-000063

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