1 Excluding currency fluctuations, GWP grew 12% and NWP grew 10% for the second quarter and grew 15% and 13% year to date. | --- | --- | --- | --- | --- | |-----------------------------------------------------|-----------------------|-------------|---------------------|---------| | (In millions) | Second Quarter \n2023 | \n2022 1 0 | Year to Date \n2023 | 2022 1 | | Net earned premiums $113 $118 $228 $238 | | | | | | Net investment income 229 201 443 413 | | | | | | Other revenues — 1 — — | | | | | | Total ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------------------------------------------|-------|-----------|-------|-----------|-------|-----------|-------|--------------------------------------| | (In millions) \nAssets | | Level 1 | | Level 2 | | Level 3 | | Assets/Liabilities at Fair Value | | Fixed maturity securities: | | | | | | | | | | Corporate bonds and other | $ | 120 | $ | 21,187 | $ | 810 | $ | 22,117 | | States, municipalities and political subdivisions | | — | | 8, ...

CNA Financial Corporation (NYSE:CNA) Q1 2023 Earnings Conference Call May 1, 2023 8:30 AM ET Company Participants Dino Robusto - Chairman, Chief Executive Officer Scott Lindquist - Executive Vice President, Chief Financial Officer Ralitza Todorova - Assistant Vice President, Investor Relations Conference Call Participants Derek Han - KBW Operator Ladies and gentlemen, good day and welcome to the CNA first quarter 2023 earnings conference call. All participants will be in listen-only mode. Should you need a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number 1-5823 | --- | --- | |-------------------------------------------------------------------------------------|----------------------- ...

CNA Financial Corporation (NYSE:CNA) Q4 2022 Earnings Conference Call February 6, 2023 9:00 AM ET Company Participants Ralitza Todorova - Assistant Vice President of Investor Relations Dino Robusto - Chairman & Chief Executive Officer Scott Lindquist - Executive Vice President & Chief Financial Officer Conference Call Participants Josh Shanker - Bank of America Meyer Shields - KBW Operator Ladies and gentlemen, good day and welcome to the CNA Fourth Quarter 2022 Earnings Conference Call. [Operator Instructi ...

FORM 10-K | --- | --- | --- | |---------------------------------------|---------------------|-------------------------------------------------------| | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | Common Stock, Par value $2.50 | "CNA" | New York Stock Exchange | | | | Chicago Stock Exchange | Portions of the CNA Financial Corporation Proxy Statement prepared for the 2023 annual meeting of shareholders, pursuant to Regulation 14A, are incorporated by reference into ...

Financial Data and Key Metrics Changes - The company reported a combined ratio of 95.8%, an improvement from 100% in the same quarter last year [29][30] - Core income decreased by $24 million to $213 million, while pretax limited partnerships and common equity returns were lower by $121 million year-over-year [29] - Total pretax net investment income was $422 million, down from $513 million in the prior year quarter [16] Business Line Data and Key Metrics Changes - The Life & Group segment produced a core loss of $22 million in Q3 2022, compared to an income of $41 million in Q3 2021 [15] - The P&C all-in combined ratio improved to 95.8%, with an underlying combined ratio of 91.1% [30][31] - Specialty gross written premium ex captives and net written premium grew by 2% in Q3 2022 [35] - Commercial gross written premiums ex captives grew by 18% in Q3 2022, with net written premium growth of 16% [37] Market Data and Key Metrics Changes - International gross written premiums grew by 4% and 12% excluding currency fluctuations, while net written premiums grew by 1% or 8% excluding currency fluctuations [39] - Retention rates were strong at 82% for international operations [39] Company Strategy and Development Direction - The company is focused on disciplined re-underwriting and portfolio management strategies to mitigate losses from elevated industry catastrophes [30] - There is an expectation of a new level of price hardening in property lines based on early commentary from reinsurers going into 2023 [41] - The company plans to continue making investments in technology and talent to enhance underwriting capabilities [55][56] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the high-performing core underlying portfolio despite challenges in equity markets and elevated catastrophes [40] - The company anticipates that higher interest rates will positively impact investment income going forward into 2023 [42] Other Important Information - The company confirmed a regular quarterly dividend of $0.40 per share, payable on December 1 [26] - The estimated impact of adopting new GAAP accounting methodology (LDTI) will be a $2.3 billion decrease in stockholders' equity as of the transition date [13] Q&A Session Summary Question: Can you talk about your net cat exposure versus your gross cat exposure and how pricing of reinsurance changes might affect you? - Management highlighted that they benefited from their quota share relative to Hurricane Ian and emphasized their disciplined cat management strategy [48][49] Question: Do you expect a reacceleration of pricing from the current position we're in right now? - Management indicated that there may be an acceleration on the property lines based on feedback from reinsurers [51] Question: Can you provide more details about the technology and talent investments in the Specialty area? - Management confirmed substantial investments in technology and analytics to enhance underwriting decisions and attract talent [55][56] Question: How does higher interest rates and inflation impact regulatory responsiveness to file rate increases? - Management noted that they have been successful in their filings and regulators have generally been receptive to their rate increase requests [66] Question: What is the appetite for expanding exposure in catastrophe-exposed property if pricing improves significantly? - Management stated that they believe there is room to grow the property portfolio while maintaining a smart approach to risk [65]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number 1-5823 | --- | --- | |-------------------------------------------------------------------------------------|------------------- ...

CNA Financial Corporation (NYSE:CNA) Q2 2022 Earnings Conference Call August 1, 2022 9:00 AM ET Company Participants Ralitza Todorova - AVP, IR Dino Robusto - Chairman & CEO Scott Lindquist - CFO Conference Call Participants Gary Ransom - Dowling & Partners Meyer Shields - KBW Josh Shanker - Bank of America Operator Ladies and gentlemen, good day, and welcome to the CNA 2022 Second Quarter Earnings Conference Call. [Operator Instructions]. As a reminder, today's conference is being recorded. I would like to ...

GNA CNA Financial Corporation Second Quarter 2022 Results August 1, 2022 Notices and Disclaimers Forward Looking Statements The statements made in the course of this presentation and/or contained in the presentation materials may include statements that relate to anticipated future events (forward-looking statements) rather than actual present conditions or historical events. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and generall ...