CNA FINANCIAL ANNOUNCES SECOND QUARTER 2025 NET INCOME OF $1.10 PER SHARE AND CORE INCOME OF $1.23 PER SHARE

Core Financial Performance - CNA Financial Corporation reported a net income of $299 million, or $1.10 per share, for Q2 2025, down from $317 million, or $1.17 per share, in the same quarter last year [1][6] - Core income increased to $335 million, or $1.23 per share, compared to $326 million, or $1.19 per share, in the prior year quarter, reflecting a 3% growth [1][6] - Net investment losses for the quarter were $36 million, compared to $9 million in the prior year quarter [1][6] Property & Casualty Segment - The Property & Casualty (P&C) segment generated core income of $448 million, an increase of $68 million from the prior year quarter, driven by higher net investment income and improved underwriting results [2][6] - P&C segments, excluding third-party captives, saw gross written premium growth of 5% and net written premium growth of 6%, attributed to a renewal premium change of +5% and new business growth of 8% [2][9] - The P&C combined ratio improved to 94.1%, down from 94.8% in the prior year quarter, with catastrophe losses of $62 million compared to $82 million in the previous year [6][8] Life & Group Segment - The Life & Group segment reported core income of $1 million for Q2 2025, compared to a core loss of $1 million in the prior year quarter, indicating a turnaround in performance [3][16] Corporate & Other Segment - The Corporate & Other segment experienced a core loss of $114 million, worsening from a loss of $53 million in the prior year quarter, primarily due to an $88 million after-tax charge related to legacy mass tort [4][19] Investment Income - Net investment income increased by 7% to $662 million pretax, driven by a $22 million increase from fixed income securities and a $22 million increase from limited partnerships and common stock [6][20] - The increase in net investment income reflects a larger invested asset base and favorable reinvestment rates [20] Stockholders' Equity and Dividends - Stockholders' equity rose to $10.7 billion, a 1% increase from year-end 2024, primarily due to net income and improvements in net unrealized investment losses [21] - The company declared a quarterly dividend of $0.46 per share, payable on September 4, 2025 [4][6]