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Cna Financial Corp. (CNA)
NYSE:CNA
Holding CNA?
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Earnings Data
Report Date
Feb 10, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.2Last Year’s EPS
$1.33Same Quarter Last Year
Moderate Sell
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: 2.39%
|Next Earnings Date:Feb 10, 2025
Earnings Call Sentiment|Positive
CNA reported a strong third quarter with record core income, robust investment income, and stable underwriting performance. However, challenges such as catastrophe losses, international competition, and social inflation pressures were noted.Company Guidance
In the third quarter of 2024, CNA Financial Corporation reported robust financial performance, with core income reaching $293 million, marking a year-to-date record high of $974 million. The company achieved a 9% growth in gross written premiums excluding captives, with net written premiums up by 8%. The P&C all-in combined ratio was 97.2%, while the underlying combined ratio remained strong at 91.6%. Investment income rose by $73 million year-over-year to $626 million pretax, driven primarily by gains in the alternatives portfolio. The Commercial segment's all-in combined ratio was 100.2%, with an underlying combined ratio at a record low of 90.7%. Specialty maintained a profitable combined ratio of 93.0%, despite ongoing pricing pressures. The International segment saw a combined ratio of 96.1%, with strong retention of 82% despite a competitive market and slight decrease in net written premiums. Overall, CNA's disciplined underwriting and investment strategies contributed to a 10.3% annualized core return on equity, reflecting a solid balance sheet with stockholders' equity at $12.6 billion excluding AOCI.Record Core Income and Growth
CNA achieved record core income of $974 million year-to-date, with a 6% increase compared to the previous year. Gross written premiums grew by 9% in the quarter, marking the strongest production performance of the year.
Investment Income Surge
Net investment income increased by $73 million year-over-year to $626 million pretax, driven by a strong performance in the alternatives portfolio and favorable reinvestment rates.
Stable and Strong Underwriting Performance
The P&C underlying combined ratio was 91.6%, marking the fifteenth consecutive quarter below 92%. The Commercial segment's underlying combined ratio hit a record low of 90.7%.
Successful Pension Risk Transfer
CNA transferred over $1 billion of legacy U.S. pension obligations, reducing future expenses and risk, without impacting core income or cash flow.
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CNA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CNA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $47.08 | $46.39 | -1.47% |
| Jul 29, 2024 | $47.64 | $48.36 | +1.51% |
| May 06, 2024 | $43.18 | $43.32 | +0.32% |
| Feb 05, 2024 | $39.95 | $42.81 | +7.16% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cna Financial Corp. (CNA) report earnings?
Cna Financial Corp. (CNA) is schdueled to report earning on Feb 10, 2025, TBA Not Confirmed.
What is Cna Financial Corp. (CNA) earnings time?
Cna Financial Corp. (CNA) earnings time is at Feb 10, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CNA EPS forecast?
CNA EPS forecast for the fiscal quarter 2024 (Q4) is $1.2.
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