CNA Q3 2025 core income record $409M; P&C combined ratio 92.8%

CNA FINANCIAL CORP

2025-Q3 EPS reported $3.58 revenue$11,161,000,000

Core income $409M ($1.50/sh) vs $293M ($1.08/sh) prior year; net income $403M ($1.48/sh).
P&C underlying combined ratio improved to 91.3%; expense ratio 29.1% (lowest since 2008).
Catastrophe losses dropped to $41M (1.5 pts) from $143M (5.8 pts) in prior year quarter.
Net investment income $638M (+2% YoY) driven by fixed income securities growth.
Quarterly dividend $0.46/sh declared, payable Dec 4; Worman appointed Chairman effective Jan 1, 2026.

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