CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. It operates through Specialty, Commercial, International, Life & Group, and Corporate & Other segments. The company offers professional liability coverages and risk management services to various professional firms, including architects, real estate agents, and accounting and law firms; directors and officers, employment practices, fiduciary, and fidelity coverages to small and mid-size firms, public and privately held firms, and not-for-profit organizations; professional and general liability, as well as associated standard property and casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products. It also provides property insurance products, such as property, marine, boiler, and machinery coverages; casualty insurance products comprising workers' compensation, general and product liability, commercial auto, and umbrella coverages; specialized loss-sensitive insurance programs and total risk management services; and run-off long term care policies. In addition, the company offers long-tail exposures comprising commercial automobile liability, workers compensation, general and medical professional liability, other professional and management liability, and assumed reinsurance run-off and products liability; and short-tail exposures, such as property, commercial automobile physical damage, marine, surety, and warranty. It markets its products through independent agents, brokers, and general underwriters to small, medium, and large businesses; insurance companies; associations; professionals; and other groups in the marine, oil and gas, construction, manufacturing, life science, property, financial services, healthcare, and technology industries. The company was founded in 1853 and is headquartered in Chicago, Illinois. CNA Financial Corporation is a subsidiary of Loews Corporation.
IPO Year:
Exchange: NYSE
Website: cna.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/6/2024 | $39.00 → $43.00 | Neutral → Underperform | BofA Securities |
| 7/11/2023 | Outperform → Mkt Perform | Keefe Bruyette | |
| 5/3/2023 | $40.00 → $41.00 | Underperform → Neutral | BofA Securities |
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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.P&C core income of $346 million versus $351 million, reflects the largely offsetting impacts of higher catastrophe losses and higher investment income.Life & Group core loss of $9 million versus $29 million in the prior year quarter, reflects higher investment income.Net investment income up 13% to $626 million pretax, includes a $52 million increase from limited partnerships and common stock to $80 million and a $21 million increase from fixed income securities and other investments
NEW YORK, Nov. 4, 2024 /PRNewswire/ -- Loews Corporation (NYSE:L) today released its third quarter 2024 financial results. Third Quarter 2024 highlights:Loews Corporation reported net income of $401 million, or $1.82 per share, in the third quarter of 2024, compared to $253 million, or $1.12 per share, in the third quarter of 2023. Excluding the prior year third quarter's $37 million charge for the termination of Loews's defined benefit pension plan, net income grew 38% year-over-year due to increases at CNA, Boardwalk and investment income at the parent company, offset by a decrease at Loews Hotels. The following are key highlights: CNA Financial Corporation's (NYSE:CNA) net income attribu
CHICAGO, Oct. 15, 2024 /PRNewswire/ -- CNA Financial Corporation (NYSE:CNA) will report third quarter 2024 results before the market opens on Monday, November 4, 2024. The news release, earnings presentation and financial supplement will be available on CNA's website at www.cna.com via the Investor Relations section. Along with these documents CNA will post a transcript of earnings remarks, which will include commentary from the Company's Chairman & Chief Executive Officer, Dino Robusto, and Chief Financial Officer, Scott Lindquist. CNA invites shareholders and analysts to submit questions for management in advance of the earnings release. Management may address some or all of these question
Net income up 12% to $317 million versus $283 million in the prior year quarter; core income up 6% to $326 million versus $308 million in the prior year quarter. Core income for the first half of the year up 8% to a record $681 million.P&C core income of $380 million versus $374 million, reflects higher investment income partially offset by higher catastrophe losses.Net investment income up 7% to $618 million pretax, includes a $33 million increase from fixed income securities and other investments to $540 million and a $10 million increase from limited partnerships and common stock to $78 million.P&C combined ratio of 94.8%, compared with 93.8% in the prior year quarter, including 3.5 point
CHICAGO, July 9, 2024 /PRNewswire/ -- CNA Financial Corporation (NYSE:CNA) will report second quarter 2024 results before the market opens on Monday, July 29, 2024. The news release, earnings presentation and financial supplement will be available on CNA's website at www.cna.com via the Investor Relations section. Along with these documents CNA will post a transcript of earnings remarks, which will include commentary from the Company's Chairman & Chief Executive Officer, Dino Robusto, and Chief Financial Officer, Scott Lindquist. CNA invites shareholders and analysts to submit
Net income up 14% to $338 million versus $297 million in the prior year quarter; core income up 9% to $355 million, reflecting the best first quarter core income on record, versus $325 million in the prior year quarter.P&C core income of $372 million versus $346 million, reflects higher investment income and favorable net prior year development, partially offset by higher catastrophe losses.Net investment income up 16% to $609 million pretax, includes a $44 million increase from fixed income securities and other investments to $541 million and a $40 million increase from limited partnerships and common stock to $68 million.P&C combined ratio of 94.6%, compared with 93.9% in the prior year qu
CHICAGO, April 16, 2024 /PRNewswire/ -- CNA Financial Corporation (NYSE:CNA) will report first quarter 2024 results before the market opens on Monday, May 6, 2024. The news release, earnings presentation and financial supplement will be available on CNA's website at www.cna.com. A conference call for investors and analysts is scheduled for 8 a.m. CT and will be hosted by Dino E. Robusto, Chairman & Chief Executive Officer of CNA Financial Corporation. A live webcast will be available via the Investor Relations section of www.cna.com. Those interested in participating in the question and answer session should dial (844) 481-2830 (USA Toll Free) or +1 (412) 317-1850 (International). An online
Fourth Quarter Net income up 54% to $367 million versus $239 million in the prior year quarter; core income up 37% to a record $362 million versus $265 million in the prior year quarter.P&C core income of $434 million versus $342 million, reflects higher investment income and higher underwriting income.Life & Group core income of $4 million versus core loss of $25 million in the prior year quarter reflects higher investment income.Corporate & Other core loss of $76 million versus core loss of $52 million in the prior year quarter reflects a $19 million after-tax charge related to office consolidation.Net investment income up 21% to $611 million pretax, includes a $58 million increase from li
CHICAGO, Jan. 16, 2024 /PRNewswire/ -- CNA Financial Corporation (NYSE:CNA) will report fourth quarter 2023 results before the market opens on Monday, February 5, 2024. The news release, earnings presentation and financial supplement will be available on CNA's website at www.cna.com. A conference call for investors and analysts is scheduled for 8 a.m. CT and will be hosted by Dino E. Robusto, Chairman & Chief Executive Officer of CNA Financial Corporation. A live webcast will be available via the Investor Relations section of www.cna.com. Those interested in participating in the question and answer session should dial (844) 481-2830 (USA Toll Free) or +1 (412) 317-1850 (International). An on
CHICAGO, Oct. 10, 2023 /PRNewswire/ -- CNA Financial Corporation (NYSE:CNA) will report third quarter 2023 results before the market opens on Monday, October 30, 2023. The news release, earnings presentation and financial supplement will be available on CNA's website at www.cna.com. A conference call for investors and analysts is scheduled for 8 a.m. CT and will be hosted by Dino E. Robusto, Chairman & Chief Executive Officer of CNA Financial Corporation. A live webcast will be available via the Investor Relations section of www.cna.com. Those interested in participating in the question and answer session should dial (844) 481-2830 (USA Toll Free) or +1 (412) 317-1850 (International). An onl
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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.P&C core income of $346 million versus $351 million, reflects the largely offsetting impacts of higher catastrophe losses and higher investment income.Life & Group core loss of $9 million versus $29 million in the prior year quarter, reflects higher investment income.Net investment income up 13% to $626 million pretax, includes a $52 million increase from limited partnerships and common stock to $80 million and a $21 million increase from fixed income securities and other investments
NEW YORK, Nov. 4, 2024 /PRNewswire/ -- Loews Corporation (NYSE:L) today released its third quarter 2024 financial results. Third Quarter 2024 highlights:Loews Corporation reported net income of $401 million, or $1.82 per share, in the third quarter of 2024, compared to $253 million, or $1.12 per share, in the third quarter of 2023. Excluding the prior year third quarter's $37 million charge for the termination of Loews's defined benefit pension plan, net income grew 38% year-over-year due to increases at CNA, Boardwalk and investment income at the parent company, offset by a decrease at Loews Hotels. The following are key highlights: CNA Financial Corporation's (NYSE:CNA) net income attribu
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. The remaining approximately $35 million of losses is spread across a number of additional events occurring during the quarter. Catastrophe losses are comprised of $127 million in the Commercial segment and $16 million in the International segment. The combined ratio impact of this third quarter catastrophe result is in line with CNA's third quarter average over the last five ye
CHICAGO, Oct. 15, 2024 /PRNewswire/ -- CNA Financial Corporation (NYSE:CNA) will report third quarter 2024 results before the market opens on Monday, November 4, 2024. The news release, earnings presentation and financial supplement will be available on CNA's website at www.cna.com via the Investor Relations section. Along with these documents CNA will post a transcript of earnings remarks, which will include commentary from the Company's Chairman & Chief Executive Officer, Dino Robusto, and Chief Financial Officer, Scott Lindquist. CNA invites shareholders and analysts to submit questions for management in advance of the earnings release. Management may address some or all of these question
Net income up 12% to $317 million versus $283 million in the prior year quarter; core income up 6% to $326 million versus $308 million in the prior year quarter. Core income for the first half of the year up 8% to a record $681 million.P&C core income of $380 million versus $374 million, reflects higher investment income partially offset by higher catastrophe losses.Net investment income up 7% to $618 million pretax, includes a $33 million increase from fixed income securities and other investments to $540 million and a $10 million increase from limited partnerships and common stock to $78 million.P&C combined ratio of 94.8%, compared with 93.8% in the prior year quarter, including 3.5 point
NEW YORK, July 29, 2024 /PRNewswire/ -- Loews Corporation (NYSE:L) today released its second quarter 2024 financial results. Second Quarter 2024 highlights:Loews Corporation reported net income of $369 million, or $1.67 per share, in the second quarter of 2024, compared to $360 million, or $1.58 per share, in the second quarter of 2023. Excluding the prior period's $36 million gain at Loews Hotels, net income increased 14% year-over-year, driven by CNA and Boardwalk. The following are the highlights: CNA Financial Corporation's (NYSE:CNA) net income attributable to Loews improved year-over-year due to higher net investment income partially offset by higher catastrophe losses.Boardwalk Pipel
James Tisch to retire as President & CEO as of December 31, 2024;Loews Board elects Benjamin Tisch as President & CEO; James Tisch will become Chairman of the Board of Directors NEW YORK, July 29, 2024 /PRNewswire/ -- Loews Corporation (NYSE:L) announced today that, as part of its leadership succession plan, on December 31, 2024, James Tisch will retire as President and CEO and will be succeeded by Benjamin Tisch, current Senior Vice President, Corporate Development and Strategy. As part of the leadership transition, James Tisch will become Chairman of the Board of Directors, and Benjamin Tisch and Loews Hotels & Co's CEO Alexander Tisch will join the Board. Also, Andrew Tisch and Jonathan
CHICAGO, July 9, 2024 /PRNewswire/ -- CNA Financial Corporation (NYSE:CNA) will report second quarter 2024 results before the market opens on Monday, July 29, 2024. The news release, earnings presentation and financial supplement will be available on CNA's website at www.cna.com via the Investor Relations section. Along with these documents CNA will post a transcript of earnings remarks, which will include commentary from the Company's Chairman & Chief Executive Officer, Dino Robusto, and Chief Financial Officer, Scott Lindquist. CNA invites shareholders and analysts to submit
CHICAGO, June 5, 2024 /PRNewswire/ -- CNA Financial Corporation (NYSE:CNA) announced today that Executive Vice President & Global Head of Underwriting Doug Worman will become President and Chief Executive Officer of the company as of January 1, 2025. At that time, Dino E. Robusto, the current Chairman and CEO, will transition to the role of Executive Chairman of CNA's Board of Directors. In this role, Robusto will lead the board as well as serve as a strategic advisor to Worman in pursuit of the company's objectives. "We are extremely thankful to Dino who over the past 8 years has worked tirelessly to lead the company to record levels of profitability and top quartile underwriting performanc
NEW YORK, May 6, 2024 /PRNewswire/ -- Loews Corporation (NYSE:L) today released its first quarter 2024 financial results. First Quarter 2024 highlights: Loews Corporation reported net income of $457 million, or $2.05 per share, in the first quarter of 2024, which represents a 22% increase over $375 million, or $1.61 per share, in the first quarter of 2023. The following are the highlights: CNA Financial Corporation's (NYSE:CNA) net income attributable to Loews improved year-over-year due to higher net investment income and favorable net prior year loss reserve development, partially offset by higher net catastrophe losses.Boardwalk Pipelines' results improved year-over-year due to higher re
CNA Financial Corporation (NYSE:CNA) announced today that Executive Vice President & Global Head of Underwriting Doug Worman will become President and Chief Executive Officer of the company as of January 1, 2025. At that time, Dino E. Robusto, the current Chairman and CEO, will transition to the role of Executive Chairman of CNA's Board of Directors. In this role, Robusto will lead the board as well as serve as a strategic advisor to Worman in pursuit of the company's objectives.
The stock market is poised to mark a third consecutive session of gains, with major indices all trading in the green during midday trading in New York on Monday, as traders continue to react positively to quarterly earnings and the Federal Reserve’s unexpectedly dovish stance in its latest meeting. For Q1 2024, 80% of S&P 500 companies have disclosed actual results, with over three quarters of them surpassing EPS estimates and 61% exceeding revenue estimates, according to FactSet. The S&P 500 rose by 0.4%, with the tech-heavy Nasdaq 100 showing a similar daily surge. Small caps, as measured by the iShares Russell 2000 ETF Trust (NYSE:IWM), outperformed large caps, rising by 1.2%. Pa
Loews Corp (NYSE:L) reported first-quarter FY24 net income of $457 million, up 22% Y/Y. EPS of $2.05 was higher than the year-ago figure of $1.61. Revenues were $4.23 billion, higher than $3.78 billion a year ago. CNA Financial Corp (NYSE:CNA) revenue contribution increased to $3.44 billion from $3.15 billion a year ago, and net income rose to $310 million from $268 million a year ago. CNA’s net income benefited from higher net investment income and favorable net prior-year loss reserve development. Boardwalk Pipelines segment’s revenues rose to $517 million from $397 million in the year-ago quarter, and net income rose to $121 million from $86 million the prior year. Broadwa
CNA Financial (NYSE:CNA) reported quarterly sales of $3.444 billion which beat the analyst consensus estimate of $2.997 billion by 14.91 percent. This is a 9.26 percent increase over sales of $3.152 billion the same period last year.
CNA Financial (NYSE:CNA) reported quarterly earnings of $1.30 per share which missed the analyst consensus estimate of $1.40 by 7.14 percent. This is a 9.24 percent increase over earnings of $1.19 per share from the same period last year.
Keefe, Bruyette & Woods analyst Meyer Shields maintains CNA Financial (NYSE:CNA) with a Market Perform and raises the price target from $48 to $50.
On March 05, 2024, Loews (NYSE:L) will distribute a dividend payout of $0.06 per share, equating to an annualized dividend yield of 0.34%. Shareholders who owned the stock before the ex-dividend date on February 20, 2024 will receive this payout. Loews Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #fff; text-align: left; } tr:nth-child(even) { background-colo
As the day concludes, Kemper (NYSE:KMPR) is preparing to distribute a dividend payout of $0.31 per share, resulting in an annualized dividend yield of 2.15%. This payout is exclusive to investors who held the stock before the ex-dividend date on February 16, 2024. Kemper Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #fff; text-align: left; } tr:nth-child(even) {
According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session. Gainers Tian Ruixiang Holdings (NASDAQ:TIRX) shares moved upwards by 33.53% to $0.8 during Monday's regular session. The current volume of 7.7 million shares is 0% of Tian Ruixiang Holdings's average full-day volume over the last 100 days (last updated at 12:40 EST). The company's market cap stands at $2.3 million. Marpai (NASDAQ:MRAI) shares rose 12.19% to $1.38. Trading volume for this security as of 12:40 EST is 174.5K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $11.9 million. Mercury General (NYSE:MCY) stock move
According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session. Gainers Marpai (NASDAQ:MRAI) stock moved upwards by 13.0% to $1.39 during Friday's regular session. Marpai's stock is trading at a volume of 65.3K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $12.6 million. Mercury General (NYSE:MCY) shares increased by 6.49% to $49.18. Trading volume for Mercury General's stock is 194.2K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $2.5 billion. As per the news, the Q4 earnings report came o
James Tisch to retire as President & CEO as of December 31, 2024;Loews Board elects Benjamin Tisch as President & CEO; James Tisch will become Chairman of the Board of Directors NEW YORK, July 29, 2024 /PRNewswire/ -- Loews Corporation (NYSE:L) announced today that, as part of its leadership succession plan, on December 31, 2024, James Tisch will retire as President and CEO and will be succeeded by Benjamin Tisch, current Senior Vice President, Corporate Development and Strategy. As part of the leadership transition, James Tisch will become Chairman of the Board of Directors, and Benjamin Tisch and Loews Hotels & Co's CEO Alexander Tisch will join the Board. Also, Andrew Tisch and Jonathan
CHICAGO, June 5, 2024 /PRNewswire/ -- CNA Financial Corporation (NYSE:CNA) announced today that Executive Vice President & Global Head of Underwriting Doug Worman will become President and Chief Executive Officer of the company as of January 1, 2025. At that time, Dino E. Robusto, the current Chairman and CEO, will transition to the role of Executive Chairman of CNA's Board of Directors. In this role, Robusto will lead the board as well as serve as a strategic advisor to Worman in pursuit of the company's objectives. "We are extremely thankful to Dino who over the past 8 years has worked tirelessly to lead the company to record levels of profitability and top quartile underwriting performanc
CHICAGO, June 15, 2023 /PRNewswire/ -- CNA today announced the appointment of Dan Franzetti to a newly created position of Chief Administrative Officer, reporting to Dino Robusto. In this role, Franzetti will have oversight for a broad set of enterprise strategic functions including the global claims and legal organizations, compliance, government relations and a number of corporate services functions. "The addition of a Chief Administrative Officer is an important next step in the evolution of CNA's executive leadership team, and I am confident that Dan will bring the same level of impactful leadership as he did in his role as Global Head of Claims at CNA." Robusto said. "Dan's breadth of e
CHICAGO, Dec. 5, 2022 /PRNewswire/ -- CNA today announced the appointment of Steve Goldman to Senior Vice President, Financial Lines and Healthcare. In this role, Steve will guide the strategic and operational plans across these product lines. "Steve's proven track record of performance across all facets of the financial lines portfolio, and his deep leadership experience within the insurance industry, make him the ideal candidate to lead our Management Liability, Financial Institutions and Healthcare businesses," said Doug Worman, Executive Vice President and Global Head of Underwriting. Steve brings to CNA more than 20 years of insurance experience, serving in various leadership positions
CHICAGO, Dec. 2, 2021 /PRNewswire/ -- CNA today announced the appointment of Scott Lindquist as Executive Vice President and Chief Financial Officer. Scott will join CNA on January 10, 2022 and will assume the duties of Chief Financial Officer following the filing of the company's 2021 annual report on Form 10-K. Scott will succeed Larry Haefner, who has served as Interim Chief Financial Officer since September 2021. He will report to Dino E. Robusto, Chairman and Chief Executive Officer at CNA. Scott and Larry will work together through the first quarter of 2022 to ensure a seamless transition. "Scott brings three decades of finance and leadership experience to this role," Robusto said. "In
CHICAGO, Aug. 12, 2021 /PRNewswire/ -- CNA announced today the appointment of Dieter Korte as Senior Vice President, Middle Market, effective immediately. In this role, Korte will be responsible for profitability, growth, and strategic direction of CNA's Middle Market Business Unit. "Dieter's proven track record of performance and strong leadership in both the customer segment and product line roles makes him an ideal candidate to lead this business unit at CNA," said Kevin Leidwinger, President and Chief Operating Officer, Commercial. Korte joined CNA in 2016 after 25 years of commercial leadership in the industry and has been an integral part of the organization working closely with agen
CHICAGO, May 17, 2021 /PRNewswire/ -- CNA today announced the appointment of Susan Stone as Executive Vice President and General Counsel, effective June 28, 2021. In this role, Stone will lead the Company's Law Department and serve as the principal counsel for CNA on all legal matters including legal consultation across domestic and international business operations, compliance, regulatory and government affairs, securities law, and company litigation. She will report to Dino E. Robusto, Chairman and Chief Executive Officer at CNA. "Susan is eminently skilled, bringing over three decades of extensive legal experience to the role," Robusto said. "In addition, her proven track record at le
CHICAGO, Feb. 26, 2021 /PRNewswire/ -- CNA today announced the appointment of Steve Marohn to Senior Vice President, Small Business. In this role, Marohn will be responsible for profitability, growth and strategic direction of CNA's Small Business team, reporting to Kevin Leidwinger, President & Chief Operating Officer, Commercial Insurance. "Steve has made great impact as the leader of CNA's San Francisco branch. We are confident that his deep agent and broker relationships, industry knowledge, technical expertise and proven growth strategies will continue to bring innovative solutions to our clients as well as further CNA's Small Business footprint," said Leidwinger. Marohn joined CNA in 2
BofA Securities downgraded CNA Financial from Neutral to Underperform and set a new price target of $43.00 from $39.00 previously
Keefe Bruyette downgraded CNA Financial from Outperform to Mkt Perform
BofA Securities upgraded CNA Financial from Underperform to Neutral and set a new price target of $41.00 from $40.00 previously
Keefe Bruyette upgraded CNA Financial from Mkt Perform to Outperform and set a new price target of $52.00 from $41.00 previously
Keefe, Bruyette & Woods upgraded CNA Financial from Market Perform to Outperform