CNA Financial (CNA) Stock

CNA is set for growth due to strong customer retention, positive changes in renewal premiums, and an increase in new business in its Specialty, Commercial, and International sectors.

This Analyst Blog features First American Financial, Cincinnati Financial, CNA Financial, and American Financial.

CNA Financial's stock is benefiting from strong skills in writing premiums, a healthy balance sheet, effective use of capital, and positive growth forecasts.

CNA Financial shows consistent underwriting results and solid premium growth, leading to regular dividend increases and special dividends. Even with increased losses from disasters, strong investment earnings led to a 12% rise in net income compared to the previous year in Q3 2024. With a price-to-book ratio of 1.18 and a careful approach to debt, CNA is an attractive option for investors looking for dividends.

CNA's results for the third quarter show better retention and changes in renewal premiums, but these improvements are somewhat balanced out by rising costs and weak underwriting performance.

CNA Financial (CNA) reported quarterly earnings of $1.08 per share, which is higher than the Zacks Consensus Estimate of $1.05 per share. This is an increase compared to earnings of $1.06 per share from the same period last year.

Net income increased by 10% to $283 million compared to $258 million in the same quarter last year, while core income rose to $293 million from $289 million in the previous year. So far this year, core income has grown by 6%, reaching a record high of $974 million.

CNA Financial (CNA) lacks the right mix of two important factors that could lead to a strong earnings report in the near future. Be ready for the main expectations.

On October 21, 2024, CNA Financial Corporation (NYSE: CNA) revealed that it anticipates reporting pretax net catastrophe losses of $143 million for the third quarter of 2024. About 75% of these losses are linked to four major events, with Hurricane Helene accounting for $55 million.