Douglas M. Worman
appointed Douglas M. Worman to serve on its Board of Directors and as a member of its Finance and Executive Committees, both such actions effective January 1, 2025.
Highest-materiality recent filing
CNA Q1 net income down 23% to $0.78/share; core income $0.83; P&C combined ratio 102.2%
Net income $211M ($0.78 EPS) vs $274M ($1.00) Q1 2025; core income $225M ($0.83) vs $281M ($1.03).
CNA Financial 2026 annual meeting approves all proposals; 94% say-on-pay support
All 10 director nominees re-elected; each received >253M votes for, <9M withheld.
CNA Q4 core income $1.16/shr; special dividend $2.00; full-year core income record $1,342M
Q4 net income $302M ($1.11/shr) vs $21M in prior-year quarter; core income $317M ($1.16/shr).
CNA Q3 2025 core income record $409M; P&C combined ratio 92.8%
Core income $409M ($1.50/sh) vs $293M ($1.08/sh) prior year; net income $403M ($1.48/sh).
CNA Financial: CEO Douglas Worman to become Chairman; Robusto exits Dec 31, 2025
Dino E. Robusto's tenure as Executive Chairman ends December 31, 2025 per employment agreement.
CNA closes $500M offering of 5.200% notes due 2035
Closed $500M aggregate principal offering of 5.200% notes maturing in 2035.
CNA Financial issues $500M 5.200% notes due 2035
$500M aggregate principal amount of 5.200% notes due 2035.
CNA Q2 2025 core income $1.23/share, up 3% YoY; P&C combined ratio 94.1%
Net income $299M ($1.10/share) vs $317M ($1.17/share) in Q2 2024; core income $335M ($1.23/share) up from $326M ($1.19/share).
CNA EVP & General Counsel Stone to depart; separation deal $2.25M
EVP and General Counsel Susan A. Stone to separate from CNA no later than July 31, 2025.
CNA Q1 net income $1.00 EPS vs $1.24 YoY; P&C combined ratio 98.4%, up 3.8 pts
Net income $274M ($1.00 diluted EPS) vs $338M ($1.24); core income $281M ($1.03) vs $355M ($1.30).
CNA Financial annual meeting: all director nominees and proposals pass with >95% approval
Re-elected 11 director nominees; average 'for' votes ~96%, highest dissent was James S. Tisch with ~96%.
CNA Q4 core income $342M, record FY core $1,316M; dividend +5% to $0.46, special $2.00
Q4 net income $21M ($0.07/diluted) incl $290M pension settlement loss; core income $342M ($1.25/diluted).
CNA Q3 net income $1.04/share, core income $1.08; record YTD core income $974M
Net income $283M ($1.04/sh) vs $258M; core income $293M ($1.08/sh) vs $289M; YTD core income record $974M.
CNA Financial appoints Douglas Worman to board; adopts amended bylaws
Board of Directors increased to 11; appoints Douglas M. Worman effective January 1, 2025.
CNA Financial estimates Q3 2024 pre-tax catastrophe losses of $143M; Q4 Milton $25-55M
Q3 2024 pretax net catastrophe losses of $143M, including $55M from Hurricane Helene.
CNA transfers $1.045B pension obligations to MetLife; expects $370M non-cash charge in Q4
Entered commitment agreement with Metropolitan Life Insurance Co. on Oct 3, 2024 to buy group annuity contract transferring ~$1,045M of pension obligations.
CNA evaluating pension risk transfer for ~$1B obligations; expects Q4 charge of $300-400M
Plan may transfer ~$800M-$1B (50-60% of total obligations) to insurer covering 6,000-8,000 participants.
CNA Q2 net income up 12% to $317M; record core income of $681M in H1 2024
Net income $317M ($1.17/sh), up 12% YoY; core income $326M ($1.19/sh), up 6%.
Doug Worman becomes President and CEO effective Jan 1, 2025; currently EVP & Global Head of Underwriting.
CNA Q1 net income $338M ($1.24/sh) up 14%; core income record $355M
Net income $338M ($1.24/sh) vs $297M ($1.09/sh); core income $355M ($1.30/sh) up 9%.
All 10 director nominees elected; highest votes withheld: Andrew H. Tisch (11.9M withheld).
appointed Douglas M. Worman to serve on its Board of Directors and as a member of its Finance and Executive Committees, both such actions effective January 1, 2025.
Mr. Robusto was appointed Executive Chairman of the Board of Directors of the Registrant effective January 1, 2025.
Douglas M. Worman, Executive Vice President and Global Head of Underwriting of the Registrant, was appointed President and Chief Executive Officer of the Registrant, effective January 1, 2025.
Max materiality 0.80 · Median 0.70 · Most common event earnings