CNA(US:CNA) Prnewswire·2025-05-05 10:00Core Insights - CNA Financial Corporation reported a first quarter 2025 net income of $274 million, or $1.00 per share, down from $338 million, or $1.24 per share, in the prior year quarter [1][6] - Core income for the quarter was $281 million, or $1.03 per share, compared to $355 million, or $1.30 per share, in the prior year quarter [1][6] - The company declared a quarterly dividend of $0.46 per share, payable on June 5, 2025 [4] Property & Casualty Segment - The Property & Casualty (P&C) segment produced core income of $311 million, a decrease of $61 million from the prior year quarter, attributed to lower underwriting results, partially offset by higher net investment income [2][6] - P&C segments, excluding third-party captives, achieved gross written premium growth of 7% and net written premium growth of 9%, driven by an 86% retention rate and a renewal premium change of +6% [2][10] - The P&C combined ratio was 98.4%, up from 94.6% in the prior year quarter, including a 3.8-point impact from catastrophe losses [6][8] Life & Group Segment - The Life & Group segment generated core income of $6 million for the first quarter of 2025, slightly up from $5 million in the prior year quarter [3][22] Corporate & Other Segment - The Corporate & Other segment reported a core loss of $36 million, compared to a loss of $22 million in the prior year quarter, primarily due to a $17 million after-tax charge related to legacy mass tort claims [3][23] Investment Income - Net investment income for the quarter was $604 million, reflecting a $5 million decrease from the prior year, with a notable decline in limited partnership and common stock returns [6][24] Book Value and Equity - Book value per share was $37.98, down from $38.82 at year-end 2024, while book value per share excluding AOCI was $44.58, a 2% increase from year-end 2024 [25][46][47] - Stockholders' equity decreased by 2% from year-end 2024 to $10.3 billion, primarily due to dividends paid [25]