CNA Financial is a reliable insurance company that shows consistent performance in underwriting, with moderate growth in turnover and an increasing dividend policy that includes special annual payments. Even though their net income fell by 94% in the fourth quarter of 2024 because of pension settlement losses, their property and casualty operations are still stable. The quarterly dividend per share will rise by 4.5% to $0.46, along with a special dividend of $2 per share, resulting in a yield of about 7.8%.
CNA's Q4 results show an increase in investment income and a rise in underlying underwriting income, although these gains were somewhat reduced by higher catastrophe losses.
CNA Financial (CNA) reported quarterly earnings of $1.25 per share, which is higher than the Zacks Consensus Estimate of $1.11 per share. In comparison, the company earned $1.33 per share during the same period last year.
In the fourth quarter, the net income was $21 million, which includes a $290 million after-tax loss from a pension settlement, compared to $367 million in the same quarter last year. The core income was $342 million, down from $362 million a year earlier. For Property and Casualty, the core income increased to $451 million from $434 million, due to higher investment income and improved underwriting income, although this was partly offset by increased catastrophe losses.
CHICAGO, Jan. 21, 2025 /PRNewswire/ -- CNA Financial Corporation (NYSE: CNA) is set to announce its fourth quarter 2024 results on Monday, February 10, 2025, before the market opens. You can find the news release, earnings presentation, and financial supplement on CNA's website in the Investor Relations section at www.cna.com.
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.