CNA Financial: Steady Performance For A Steady Insurance Carrier

CNA Financial (NYSE:CNA) reported a net income of $317 million for the second quarter of 2024, a 12$283 million in the prior year quarter, Despite a deterioration in the combined ratio due to higher catastrophe losses, the growth in investment income drove the higher post-tax camings. In Q2 2024, the effective yield on fixed-income investments rose to 4.8% from 4.6%, driven by higher reinvestment rates. On a year-to-date basis, higher investment income continued to boost earni ...