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 |
Net income of $274 million versus $338 million in the prior year quarter; core income of $281 million versus $355 million in the prior year quarter.P&C core income of $311 million versus $372 million, reflects lower underwriting results partially offset by higher net investment income.Life & Group results largely consistent with the prior year quarter.Corporate & Other core loss of $36 million versus $22 million in the prior year quarter. The current year quarter includes a $17 million after-tax charge related to unfavorable prior period development associated with legacy mass tort claims.Net investment income of $604 million pretax, reflects a $14 million decrease from limited partnerships
5.1 MILLION COMMON SHARES REPURCHASED IN 2025 FOR $429 MILLION NEW YORK, May 5, 2025 /PRNewswire/ -- Loews Corporation (NYSE:L) today released its first quarter 2025 financial results. First Quarter 2025 highlights: Loews Corporation reported net income of $370 million, or $1.74 per share, in the first quarter of 2025, compared to $457 million, or $2.05 per share, in the first quarter of 2024. The following are key highlights of our first quarter results: CNA Financial Corporation's (NYSE:CNA) net income attributable to Loews decreased year-over-year primarily due to lower underwriting income mainly driven by unfavorable net prior year loss reserve development.Boardwalk Pipelines' results i
CHICAGO, April 15, 2025 /PRNewswire/ -- CNA Financial Corporation (NYSE:CNA) will report first quarter 2025 results before the market opens on Monday, May 5, 2025. 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 President and Chief Executive Officer, Douglas M. Worman, and Chief Financial Officer, Scott R. 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 q
Fourth Quarter Net income of $21 million, includes $290 million after-tax loss from the previously announced pension settlement transaction, versus $367 million in the prior year quarter; core income of $342 million versus $362 million in the prior year quarter.P&C core income of $451 million versus $434 million, reflects higher investment income and higher underlying underwriting income partially offset by higher catastrophe losses.Life & Group core loss of $18 million versus core income of $4 million in the prior year quarter.Corporate & Other core loss of $91 million versus $76 million in the prior year quarter.Net investment income up 5% to $644 million pretax, includes a $17 million inc
7.7 MILLION COMMON SHARES REPURCHASED IN 2024 FOR $611 MILLION NEW YORK, Feb. 10, 2025 /PRNewswire/ -- Loews Corporation (NYSE:L) today released its fourth quarter 2024 financial results. Fourth Quarter 2024 highlights:Loews Corporation reported net income of $187 million, or $0.86 per share, in the fourth quarter of 2024, compared to $446 million, or $1.99 per share, in the fourth quarter of 2023. This year's fourth quarter results include a pension settlement charge for CNA of $265 million (after-tax and noncontrolling interests), which was previously reported in October 2024. The following are key highlights: CNA Financial Corporation's (NYSE:CNA) net income attributable to Loews excludi
CHICAGO, Jan. 21, 2025 /PRNewswire/ -- CNA Financial Corporation (NYSE:CNA) will report fourth quarter 2024 results before the market opens on Monday, February 10, 2025. 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 President and Chief Executive Officer, Douglas M. Worman, and Chief Financial Officer, Scott R. Lindquist. CNA invites shareholders and analysts to submit questions for management in advance of the earnings release. Management may address some or all of t
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of "a+" (Excellent) of the property/casualty (P/C) subsidiaries of CNA Financial Corporation (CNAF) (NYSE:CNA), collectively known as CNA Insurance Companies (CNA) and the members of Western Surety Group. Concurrently, AM Best has revised the outlook to positive from stable and affirmed the Long-Term ICR of "bbb+" (Good) and all existing Long-Term Issue Credit Ratings (Long-Term IRs) of CNAF. All above named companies are headquartered in Chicago, IL. (See below for a detailed listing of the companies and ratings.
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
Net income of $274 million versus $338 million in the prior year quarter; core income of $281 million versus $355 million in the prior year quarter.P&C core income of $311 million versus $372 million, reflects lower underwriting results partially offset by higher net investment income.Life & Group results largely consistent with the prior year quarter.Corporate & Other core loss of $36 million versus $22 million in the prior year quarter. The current year quarter includes a $17 million after-tax charge related to unfavorable prior period development associated with legacy mass tort claims.Net investment income of $604 million pretax, reflects a $14 million decrease from limited partnerships
5.1 MILLION COMMON SHARES REPURCHASED IN 2025 FOR $429 MILLION NEW YORK, May 5, 2025 /PRNewswire/ -- Loews Corporation (NYSE:L) today released its first quarter 2025 financial results. First Quarter 2025 highlights: Loews Corporation reported net income of $370 million, or $1.74 per share, in the first quarter of 2025, compared to $457 million, or $2.05 per share, in the first quarter of 2024. The following are key highlights of our first quarter results: CNA Financial Corporation's (NYSE:CNA) net income attributable to Loews decreased year-over-year primarily due to lower underwriting income mainly driven by unfavorable net prior year loss reserve development.Boardwalk Pipelines' results i
CHICAGO, April 15, 2025 /PRNewswire/ -- CNA Financial Corporation (NYSE:CNA) will report first quarter 2025 results before the market opens on Monday, May 5, 2025. 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 President and Chief Executive Officer, Douglas M. Worman, and Chief Financial Officer, Scott R. 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 q
Fourth Quarter Net income of $21 million, includes $290 million after-tax loss from the previously announced pension settlement transaction, versus $367 million in the prior year quarter; core income of $342 million versus $362 million in the prior year quarter.P&C core income of $451 million versus $434 million, reflects higher investment income and higher underlying underwriting income partially offset by higher catastrophe losses.Life & Group core loss of $18 million versus core income of $4 million in the prior year quarter.Corporate & Other core loss of $91 million versus $76 million in the prior year quarter.Net investment income up 5% to $644 million pretax, includes a $17 million inc
7.7 MILLION COMMON SHARES REPURCHASED IN 2024 FOR $611 MILLION NEW YORK, Feb. 10, 2025 /PRNewswire/ -- Loews Corporation (NYSE:L) today released its fourth quarter 2024 financial results. Fourth Quarter 2024 highlights:Loews Corporation reported net income of $187 million, or $0.86 per share, in the fourth quarter of 2024, compared to $446 million, or $1.99 per share, in the fourth quarter of 2023. This year's fourth quarter results include a pension settlement charge for CNA of $265 million (after-tax and noncontrolling interests), which was previously reported in October 2024. The following are key highlights: CNA Financial Corporation's (NYSE:CNA) net income attributable to Loews excludi
CHICAGO, Jan. 21, 2025 /PRNewswire/ -- CNA Financial Corporation (NYSE:CNA) will report fourth quarter 2024 results before the market opens on Monday, February 10, 2025. 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 President and Chief Executive Officer, Douglas M. Worman, and Chief Financial Officer, Scott R. Lindquist. CNA invites shareholders and analysts to submit questions for management in advance of the earnings release. Management may address some or all of t
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
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
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
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