CNA Financial Reports Strong 2024 Earnings Performance

CNA Financial Corp ( (CNA) ) has released its Q4 earnings. Here is a breakdown of the information CNA Financial Corp presented to its investors.

CNA Financial Corporation is a leading U.S. commercial property and casualty insurance company, offering a wide range of insurance products and services for businesses and professionals across the U.S., Canada, and Europe.

In the fourth quarter of 2024, CNA Financial reported a net income of $21 million, or $0.07 per share, despite a significant after-tax loss from a pension settlement transaction. The company’s core income stood at $342 million, or $1.25 per share, reflecting a slight decrease from the previous year. For the full year, CNA achieved a record core income of $1,316 million, with net income reaching $959 million.

Key financial highlights include a 5% increase in net investment income for the quarter, reaching $644 million, and a 10% increase for the full year, totaling $2,497 million. The Property & Casualty segments saw substantial growth, with a 9% increase in gross written premiums and a 10% rise in net written premiums in the fourth quarter. However, the Life & Group segment experienced core losses both quarterly and annually.

Despite facing higher catastrophe losses, CNA Financial’s Property & Casualty segments achieved a solid performance, with a combined ratio of 93.1% for the quarter. The company also announced a quarterly dividend increase of 5% and a special dividend, showcasing its commitment to returning value to shareholders.

Looking ahead, CNA Financial is well-positioned to leverage market opportunities in 2025, with a focus on sustained, profitable growth. The company continues to benefit from favorable market conditions and strategic execution, as reflected in the positive outlook revisions by rating agencies AM Best and Moody’s.