earnings
confidence high
sentiment positive
materiality 0.70
CNA Q2 net income up 12% to $317M; record core income of $681M in H1 2024
CNA FINANCIAL CORP
2024-Q2 EPS reported
$2.40
revenue$6,963,000,000
- Net income $317M ($1.17/sh), up 12% YoY; core income $326M ($1.19/sh), up 6%.
- P&C combined ratio 94.8% (vs 93.8% Q2 2023) with 3.5 pts catastrophe losses; underlying combined ratio 91.6%.
- Net investment income up 7% to $618M pretax; fixed income +$33M to $540M.
- Gross written premiums ex. captives up 7%; Commercial gross premiums up 12%.
- Book value per share ex AOCI $45.86, up 5% from year-end adj. for $2.88 dividends; quarterly dividend $0.44 declared.