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Cna Financial Corp. (CNA)
NYSE:CNA
Earnings Data
Report Date
May 05, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.15Last Year’s EPS
1.3Same Quarter Last Year
Moderate Sell
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 10, 2025
|% Change Since: 0.77%
|Next Earnings Date:May 05, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong performance for CNA Financial Corporation with record underwriting and investment income gains, despite some challenges such as increased catastrophe losses and foreign exchange impacts. The positive results in premium growth, core income, and improved expense ratios indicate a favorable outlook.Company Guidance
In the fourth quarter earnings report for fiscal year 2024, CNA Financial Corporation showcased impressive financial performance with several record-setting metrics. The company reported a core income of $342 million, contributing to a full-year core income of $1,316 million, the highest on record, resulting in a core return on equity of 10.5%. Net investment income for the quarter rose by 5% to $644 million, leading to a total of $2,497 million for the year, a 10% increase from 2023. The P&C all-in combined ratio was 93.1% for the quarter, with an underlying combined ratio of 91.4%, marking sixteen consecutive quarters below 92%. Notably, net written premiums grew by 10% in the quarter, driven by strong performances across all segments, including a 12% growth in the Commercial segment. The expense ratio for the quarter was at a historical low of 30.0%, attributed to higher net earned premiums and disciplined expense management. Furthermore, CNA announced a 5% increase in its regular quarterly dividend to $0.46 per share, along with a special dividend of $2.00 per share, reflecting confidence in their financial stability and future prospects.Record Underlying Underwriting Gain
Achieved a record high underlying underwriting gain of $222 million in the fourth quarter, marking a 10% increase and demonstrating strong underwriting results.
Highest Quarterly Net Written Premium Growth
Net written premium growth reached 10% for the fourth quarter, the highest of the year, indicating strong production performance.
Strong Investment Income Growth
Net investment income increased by 10% for the full year, reaching a record $2,497 million, driven by fixed income and limited partnerships.
Record Core Income for Full Year 2024
CNA achieved record core income of $1,316 million for 2024, a $32 million increase over 2023, reflecting robust underwriting and investment performance.
Improved Expense Ratio
The expense ratio improved to 30.0% in Q4 and 30.2% for the full year, the lowest since 2008, benefiting from higher net earned premiums.
Strong Operating Cash Flow
Operating cash flow for the year increased 13% to a record $2.6 billion, reflecting strong underwriting and investment results.
Increased Dividends
Announced a 5% increase in regular quarterly dividend and a special dividend of $2.00 per share, indicating strong financial health.
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CNA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CNA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 10, 2025 | $46.56 | $47.11 | +1.18% |
| Nov 04, 2024 | $44.73 | $44.07 | -1.48% |
| Jul 29, 2024 | $45.26 | $45.94 | +1.50% |
| May 06, 2024 | $41.02 | $41.15 | +0.32% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cna Financial Corp. (CNA) report earnings?
Cna Financial Corp. (CNA) is schdueled to report earning on May 05, 2025, TBA Not Confirmed.
What is Cna Financial Corp. (CNA) earnings time?
Cna Financial Corp. (CNA) earnings time is at May 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CNA EPS forecast?
CNA EPS forecast for the fiscal quarter 2025 (Q1) is 1.15.
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