earnings
confidence high
sentiment positive
materiality 0.75
CNA Q1 net income $338M ($1.24/sh) up 14%; core income record $355M
CNA FINANCIAL CORP
2024-Q1 EPS reported
$1.24
revenue$3,444,000,000
- Net income $338M ($1.24/sh) vs $297M ($1.09/sh); core income $355M ($1.30/sh) up 9%.
- P&C combined ratio 94.6% (catastrophe 3.8 pts); underlying combined ratio 91.0% (13th consecutive quarter below 92%).
- Gross written premiums ex-captives +8%; Commercial +17%; International -6%; renewal premium change +6%.
- Net investment income $609M, +16% YoY driven by fixed income and limited partnerships.
- Board declares $0.44/share quarterly dividend payable June 6; book value $35.62/sh, ex-AOCI $45.10.