CNA Financial (CNA) Stock

First American Financial, Cincinnati Financial, CNA Financial and American Financial are included in this Analyst Blog.

CNA Financial stock is riding on solid premium writing underwriting expertise, solid balance sheet, capital deployment and growth projections.

CNA Financial delivers steady underwriting performance and high single-digit premium growth, resulting in gradual dividend increases and special dividend declarations. Despite higher catastrophe losses, strong investment income drove a 12% year-over-year net income increase in Q3 2024. CNA's valuation is attractive with a price-to-book ratio of 1.18 and a conservative debt profile, making it appealing for dividend-focused investors.

CNA's Q3 results reflect improved retention and renewal premium change, partly offset by escalating expenses and poor underwriting results.

CNA Financial (CNA) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $1.05 per share. This compares to earnings of $1.06 per share a year ago.

Net income up 10% to $283 million versus $258 million in the prior year quarter; core income of $293 million versus $289 million in the prior year quarter. Year to date core income up 6% to a record $974 million.

CNA Financial (CNA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

CHICAGO , Oct. 21, 2024 /PRNewswire/ -- CNA Financial Corporation (NYSE: CNA) today announced that it expects to report pretax net catastrophe losses in the third quarter 2024 of $143 million. Approximately 75% of the catastrophe losses are associated with four larger events, including $55 million from Hurricane Helene.

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