CNA Financial Corp
CNA
ISIN US1261171003 / Valor 919300
CNA Financial Corp
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About company
CNA Financial Corp is a leading provider of business insurance solutions, catering to a broad spectrum of industries with a focus on managing exposures and minimizing loss. The company leverages its deep expertise and attentive service to offer tailored insurance products that address the specific needs of its clients. These offerings encompass a variety of risk management services and insurance solutions, designed to support businesses in navigating the complexities of risk and protecting their assets. With a comprehensive approach to insurance, CNA Financial Corp aims to serve as a reliable partner to businesses, ensuring they are well-equipped to handle potential challenges and uncertainties in their respective industries.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (18.12.2024):
Net Income Growth
CNA Financial Corp reported a significant increase in net income for the fourth quarter of 2023, reaching $367 million, or $1.35 per share. This marks a 54% rise compared to the $239 million, or $0.87 per share, recorded in the same quarter of the previous year. The full year 2023 net income also saw a substantial increase of 77%, totaling $1,205 million, or $4.43 per share, compared to $682 million, or $2.51 per share, in 2022.
Core Income Achievements
The company's core income for the fourth quarter of 2023 reached a record $362 million, or $1.33 per share, representing a 37% increase from $265 million, or $0.97 per share, in the prior year quarter. For the full year, CNA Financial Corp achieved a record core income of $1,284 million, or $4.71 per share, a 54% increase from $836 million, or $3.07 per share, in 2022.
Property & Casualty Segment Performance
CNA Financial Corp's Property & Casualty segments reported core income of $434 million for the fourth quarter of 2023, an increase of $92 million compared to the prior year quarter. This growth was driven by higher investment income and underwriting income. For the full year, the segment's core income was $1,505 million, up from $1,240 million in 2022, reflecting similar drivers of growth.
Investment Income Increase
The company's net investment income for the fourth quarter of 2023 rose by 21% to $611 million pretax, with significant contributions from limited partnerships, common stock, and fixed income securities. For the full year, net investment income increased by 25% to $2,264 million pretax, highlighting the company's strong investment performance throughout the year.
Dividend Announcements
CNA Financial Corp declared a regular quarterly dividend increase of 5% to $0.44 per share and announced a special dividend of $2.00 per share. These dividends are payable on March 7, 2024, to stockholders of record as of February 20, 2024, reflecting the company's commitment to returning value to its shareholders.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
13252 M
Market cap (USD)
185,435
Daily traded volume (Shares)
48.93 / 48.5
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
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EPS (USD)
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Ratings & reviews
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