CNA Financial (CNA) Q1 Earnings Miss on Higher Expenses

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 ...