CNA Financial Corp ( (CNA) ) has released its Q1 earnings. Here is a breakdown of the information CNA Financial Corp presented to its investors.
CNA Financial Corporation is a leading U.S. commercial property and casualty insurance company, offering a wide range of standard and specialized insurance products and services across the U.S., Canada, and Europe.
In its first-quarter 2025 earnings report, CNA Financial announced a net income of $274 million, or $1.00 per share, and a core income of $281 million, or $1.03 per share. These figures reflect a decrease from the previous year’s first quarter, where net income was $338 million, or $1.24 per share, and core income was $355 million, or $1.30 per share.
Key financial highlights include a 7% growth in gross written premiums and a 9% increase in net written premiums for the Property & Casualty segments, excluding third-party captives. The P&C combined ratio rose to 98.4% from 94.6% in the previous year, influenced by catastrophe losses and unfavorable prior period developments. The Life & Group segment maintained consistent performance, while the Corporate & Other segment experienced a core loss increase due to legacy mass tort claims.
Despite the challenges, CNA Financial’s management remains optimistic about the company’s future. They emphasize strong underlying profitability and growth opportunities, positioning the company well for the remainder of 2025, even amidst industry-wide catastrophes.