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CNA FINANCIAL ANNOUNCES SECOND QUARTER 2024 NET INCOME OF $1.17 PER SHARE AND CORE INCOME OF $1.19 PER SHARE
Prnewswire· 2024-07-29 11:24
Exposure represents the measure of risk used in the pricing of the insurance product. The change in exposure represents the change in premium dollars on policies that renew as a result of the change in risk of the policy. Retention represents the percentage of premium dollars renewed, excluding rate and exposure changes, in comparison to the expiring premium dollars from policies available to renew. New business represents premiums from policies written with new customers and additional policies written wit ...
Wall Street's Insights Into Key Metrics Ahead of CNA Financial (CNA) Q2 Earnings
ZACKS· 2024-07-24 14:16
Analysts on Wall Street project that CNA Financial (CNA) will announce quarterly earnings of $1.21 per share in its forthcoming report, representing an increase of 7.1% year over year. Revenues are projected to reach $3.08 billion, increasing 5.3% from the same quarter last year. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 1.6% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this peri ...
Here's Why CNA Financial (CNA) is a Strong Momentum Stock
ZACKS· 2024-07-23 14:51
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from. Growth Score Momentum investors should take note of this Finance stock. CNA has a Momentum Style Score of A, and shares are up 5.1% over the past four weeks. The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarte ...
CNA vs. BRK.B: Which Stock Is the Better Value Option?
ZACKS· 2024-07-22 16:46
The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits. Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels. Another notable valuation metric for CNA is its P/B ratio of 1. ...
Should Value Investors Buy CNA Financial (CNA) Stock?
ZACKS· 2024-07-22 14:46
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. One stock to keep an eye on is CNA Financial (CNA) . CNA is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 9.72, while its industry has an average P/E of 27.96. Over the last 12 months, ...
CNA Financial to Report Second Quarter 2024 Results on July 29
Prnewswire· 2024-07-09 14:00
CNA invites shareholders and analysts to submit questions for management in advance of the earnings release. Management may address some or all of these questions in the posted earnings remarks. Questions may be submitted to [email protected]. Press Contacts Analyst Contacts CHICAGO, July 9, 2024 /PRNewswire/ -- CNA Financial Corporation (NYSE: CNA) will report second quarter 2024 results before the market opens on Monday, July 29, 2024. The news release, earnings presentation and financial supplement will ...
Here's Why Hold Strategy is Apt for CNA Financial (CNA) Stock
ZACKS· 2024-07-02 14:11
Optimistic Growth Projections The consensus estimate for 2025 earnings per share and revenues indicates an increase of 3.1% and 5.7%, respectively, from the corresponding 2024 estimates. The Zacks Consensus Estimate for CNA Financial's 2025 earnings has moved 1.8% north in the past 60 days. This should instill investors' confidence in the stock. CNA Financial has a solid track record of beating earnings estimates in three of the last four quarters while missing in one, the average being 9.72%. CNA currently ...
Jamf Announces it has been authorized by the CVE Program as a CVE Numbering Authority (CNA)
GlobeNewswire News Room· 2024-06-25 13:15
The CVE list helps organizations keep up to date on the latest security threats, create action plans to address vulnerabilities in their system and collaborate with other cybersecurity professionals while working with consistent information. Vulnerabilities listed in the CVE database are also added to the U.S. National Vulnerability Database (NVD). The mission of the Common Vulnerabilities and Exposures (CVE®) Program is to identify, define, and catalog publicly disclosed cybersecurity vulnerabilities. Ther ...
A Review Of CNA Financial's Recent Performance
Seeking Alpha· 2024-06-10 02:51
Core Insights - CNA Financial reported a consistent net income of $338 million for Q1 2024, demonstrating steady financial performance despite inflation and catastrophe losses [4][5][24] - The company maintained a renewal premium change of +6% and a retention rate of 85%, indicating strong customer loyalty and pricing power [5][27] - The combined ratio for the year-to-date stood at 94.6%, reflecting a slight deterioration from the previous year due to increased catastrophe losses [6][24] Financial Performance - Gross written premiums (GWP) decreased by 6% year-over-year to $374 million, while net written premiums (NWP) fell by 4% to $260 million [11][12] - Net earned premiums increased by 9% to $315 million, and underwriting gains rose to $21 million from $9 million in the previous year [11][12][24] - The underlying loss ratio was 60.1%, with a combined ratio of 93.3%, showing improvements in underwriting performance despite challenges [11][12][24] Investment Income - Net investment income increased by $84 million year-over-year, driven by higher yields on fixed-income investments, which remained stable at 4.7% [12][22] - The company anticipates total investment income of approximately $2.175 billion for 2024, reflecting a 5% increase compared to 2023 [36][38] Business Segments - The specialty business maintained a combined ratio of 90.7%, slightly up from 90% in the previous year, indicating stable performance [7][26] - The commercial business experienced a 15% premium growth on a net basis, supported by an 8% rate change and an 85% retention rate [27][28] - International operations showed improved underwriting performance, with the combined ratio decreasing from 97.2% to 93.3% [29] Outlook - The company aims for a combined ratio around 93% as an optimistic scenario, with a target of $10 billion in earned premiums for 2024 [17][18] - CNA Financial's debt load of $3 billion is considered manageable, and the company is well-positioned to continue delivering steady results and dividends to shareholders [18][34][44] - The valuation suggests that CNA may be attractively priced compared to other insurers, trading at around 1.25 times its book value [19][45]
CNA Financial Corporation Announces Executive Leadership Transition
Prnewswire· 2024-06-05 20:10
CHICAGO, June 5, 2024 /PRNewswire/ -- CNA Financial Corporation (NYSE: CNA) announced today that Executive Vice President & Global Head of Underwriting Doug Worman will become President and Chief Executive Officer of the company as of January 1, 2025. At that time, Dino E. Robusto, the current Chairman and CEO, will transition to the role of Executive Chairman of CNA's Board of Directors. In this role, Robusto will lead the board as well as serve as a strategic advisor to Worman in pursuit of the company's ...