CNA Q2 2020 Earnings Report
Key Takeaways
CNA Financial Corporation announced second quarter 2020 net income of $151 million, or $0.55 per share, and core income of $99 million, or $0.36 per share. The Property & Casualty Operations combined ratio for the second quarter was 112.3%.
Q2 net income was $151M, or $0.55 per share.
Q2 core income was $99M, or $0.36 per share.
Q2 P&C combined ratio was 112.3%, with an underlying combined ratio of 93.4%.
Q2 net catastrophe losses totaled $301M, including losses from COVID-19, civil unrest, and severe weather events.
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CNA Revenue by Segment
Forward Guidance
The press release includes statements that relate to anticipated future events (forward-looking statements) rather than actual present conditions or historical events. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and generally include words such as “believes,” “expects,” “intends,” “anticipates,” “estimates” and similar expressions.