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 ...

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 ...

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JHVEPhoto Revenues Diluted eamings per common share: Core ROE CNA Financial's Q1 2024 Presentation While the current valuation may not be particularly appealing to investors seeking aggressive returns, the insurance company has consistently delivered steady results, enabling it to provide regular dividends to shareholders. except ratios and per share data) Net income Net income CNA Financial (NYSE:CNA) released its first-quarter financial results in May, reporting a consistent net income of $338 million. De ...

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 ...

CNA Financial Q1 Earnings Miss on Higher Expenses CNA Financial Corporation reported first-quarter 2024 core earnings of $1.30 per share, which missed the Zacks Consensus Estimate by 5.1%. The bottom line, however, increased 9.2% year over year. The insurer's results reflected improved premiums and investment income, offset by higher catastrophe losses and expenses. Behind First-Quarter Headlines A month has gone by since the last earnings report for CNA Financial (CNA) . Shares have added about 2% in that ...

CNA Financial Corporation (CNA) is poised to grow on the strength of its solid premium writing underwriting expertise, a sturdy balance sheet and capital deployment. These, coupled with growth projections, make the stock worth retaining in one portfolio. Shares of this Zacks Rank #3 (Hold) insurer have gained 5.9% in the past three months, outperforming the industry's increase of 3.2%. CNA's return on equity for the trailing 12 months is 14.3%, better than the industry average of 7.8%. This reflects efficie ...

Industry Overview - The Zacks Property and Casualty Insurance industry is positioned to benefit from improved pricing, prudent underwriting, increased exposure, and a solid capital position, reflected in its Zacks Industry Rank 35, placing it in the top 14% of over 250 Zacks industries [1] - Despite challenges such as higher catastrophe events impacting underwriting profit, the industry has seen a year-to-date growth of 14.6%, outperforming the S&P 500 composite's growth of 11.5% and the Finance sector's 4.5% rise [3] Economic Losses and Underwriting Performance - Total economic losses in 2023 were reported at $380 billion, with insured losses at $118 million, leading to a total net underwriting loss of $38 billion, the highest in 10 years, primarily due to weather-related losses, high inflation, and reinsurance pricing pressure [2] Premium Growth and Market Trends - Global commercial insurance rates increased by 1% in Q1 2024, with gross premiums expected to rise sixfold to $722 billion by 2030, driven by price hikes and operational strength [4] - Analysts predict a 5.5% growth in premiums for 2024, particularly in the personal auto segment, supported by better investment results and lower claims [5] Capital Management and Mergers - A solid capital level allows insurers to pursue strategic mergers and acquisitions, expand into new business lines, and increase dividends, with expectations of more M&A activity in the reinsurance space in 2024 [7] - The industry is increasingly adopting technology such as blockchain, AI, and advanced analytics to enhance operational efficiency and reduce costs [8] Company Highlights - Allstate Corporation, with a market cap of $43.50 billion, is the third-largest property-casualty insurer in the U.S., showing consistent sales growth and a dividend yield of 2.2% [10][11] - Cincinnati Financial, with a market cap of $18.43 billion, is focused on price increases and growth initiatives, boasting a dividend yield of 2.7% and a 64-year record of annual dividend increases [12][13] - CNA Financial, with a market cap of $11.95 billion, emphasizes better pricing and increased exposure, offering a dividend yield of 4% and a recent special dividend announcement [14][15] - First American Financial, with a market cap of $5.69 billion, is well-positioned to benefit from increased demand for home purchases, with a dividend yield of 3.8% [17][18] - American Financial Group, with a market cap of $10.82 billion, focuses on specialty insurance products and has a dividend yield of 2.2%, maintaining a strong history of dividend increases [20][21]

CNA Financial Corporation (CNA) reported first-quarter 2024 core earnings of $1.30 per share, which missed the Zacks Consensus Estimate by 5.1%. The bottom line, however, increased 9.2% year over year.The insurer’s results reflected improved premiums and investment income, offset by higher catastrophe losses and expenses.Behind First-Quarter HeadlinesTotal operating revenues of CNA Financial were $3 billion, up 10% year over year, driven by higher premiums, net investment income and other revenues. The top ...

CNA Financial Corporation (NYSE:CNA) Q1 2024 Earnings Conference Call May 6, 2024 9:00 AM ET Company Participants Ralitza Todorova - Investor Relations Dino Robusto - Chairman & Chief Executive Officer Scott Lindquist - Chief Financial Officer Conference Call Participants Josh Shanker - Bank of America Operator Ladies and gentlemen, good day and welcome to the CNA First Quarter 2024 Earnings Conference Call. [Operator Instructions] As a reminder, today's conference is being recorded. At this time, I'd like ...