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Jun 30, 2021
CNA Q2 2021 Earnings Report
CNA reported a strong second quarter with record core income driven by improved underwriting and investment results.
Key Takeaways
CNA Financial Corporation announced second quarter 2021 net income of $368 million, or $1.35 per share, compared to $151 million, or $0.55 per share, in the prior year quarter. Core income was a record $341 million, or $1.25 per share, versus $99 million, or $0.36 per share, in the prior year quarter.
Net income was $368 million versus $151 million in the prior year quarter; core income was a record $341 million versus $99 million in the prior year quarter.
The P&C combined ratio was 94.0% compared with 109.2% in the prior year quarter, including 2.8 points of catastrophe loss impact compared with 17.5 points in the prior year quarter.
Net catastrophe losses were $54 million pretax versus $301 million in the prior year quarter.
The underlying combined ratio was 91.4% compared with 93.2% in the prior year quarter.
Revenue by Geographic Location
Forward Guidance
CNA is well positioned to continue capitalizing on the favorable market conditions we anticipate in the latter half of 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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