other material
confidence high
sentiment negative
materiality 0.55
CNA Financial estimates Q3 2024 pre-tax catastrophe losses of $143M; Q4 Milton $25-55M
CNA FINANCIAL CORP
- Q3 2024 pretax net catastrophe losses of $143M, including $55M from Hurricane Helene.
- Commercial segment incurred $127M; International segment $16M of catastrophe losses.
- Combined ratio impact from Q3 catastrophes in line with CNA's five-year Q3 average.
- Hurricane Milton estimated to add $25M to $55M pretax catastrophe losses in Q4 2024.
- Full Q3 2024 earnings results scheduled for release before market open on Nov 4, 2024.