CNA Q1 net income $1.00 EPS vs $1.24 YoY; P&C combined ratio 98.4%, up 3.8 pts

CNA FINANCIAL CORP

2025-Q1 EPS reported $1.00 revenue$3,627,000,000

Net income $274M ($1.00 diluted EPS) vs $338M ($1.24); core income $281M ($1.03) vs $355M ($1.30).
P&C combined ratio 98.4% (94.6% YoY); underlying combined ratio 92.1% (91.0%) due to higher loss costs.
Unfavorable prior year development added 2.5 loss ratio points, mainly commercial auto accident year 2024.
P&C ex-captive gross written premiums +7%; net written premiums +9%; renewal premium change +6%.
Dividend declared $0.46/share payable June 5; book value per share ex AOCI $44.58, up 2% from year-end.

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