CNA FINANCIAL ANNOUNCES FIRST QUARTER 2025 NET INCOME OF $1.00 PER SHARE AND CORE INCOME OF $1.03 PER SHARE

About this update from Cna Financial Corporation

[{"type":"list","items":[{"val":[{"type":"text","content":"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.","length":148,"tagName":"p"}]},{"val":[{"type":"text","content":"P&C core income of $311 million versus $372 million, reflects lower underwriting results partially offset by higher net investment income.","length":142,"tagName":"p"}]},{"val":[{"type":"text","content":"Life & Group results largely consistent with the prior year quarter.","length":72,"tagName":"p"}]},{"val":[{"type":"text","content":"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.","length":246,"tagName":"p"}]},{"val":[{"type":"text","content":"Net investment income of $604 million pretax, reflects a $14 million decrease from limited partnerships and common stock to $54 million, partially offset by a $9 million increase from fixed income securities and other investments to $550 million.","length":246,"tagName":"p"}]},{"val":[{"type":"text","content":"P&C combined ratio of 98.4%, compared with 94.6% in the prior year quarter, including 3.8 points of catastrophe loss impact in both quarters. The current year quarter also includes an unfavorable impact of 2.5 points from net prior period development driven by commercial auto in accident year 2024, compared to a favorable impact of 0.2 points in the prior year quarter.","length":375,"tagName":"p"}]},{"val":[{"type":"text","content":"Catastrophe losses of $97 million pretax, includes $53 million for the California wildfires, versus $88 million in the prior year quarter.","length":138,"tagName":"p"}]},{"val":[{"type":"text","content":"P&C underlying combined ratio was 92.1%, compared with 91.0% in the prior year quarter. P&C underlying loss ratio was 61.5% and the expense ratio was 30.2%.","length":164,"tagName":"p"}]},{"val":[{"type":"text","content":"P&C segments, excluding third party captives, generated gross written premium growth of 7% and net written premium growth of 9%. Excluding currency fluctuations, gross written premiums grew 8% and net written premiums grew 10%. P&C renewal premium change of +6%, with writ...

More updates from Cna Financial Corporation