CNA Q2 2021 Earnings Report
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.
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Forward Guidance
CNA is well positioned to continue capitalizing on the favorable market conditions we anticipate in the latter half of 2021.