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Sep 30, 2022
CNA Q3 2022 Earnings Report
Announced third quarter net income and core income.
Key Takeaways
CNA Financial Corporation reported a net income of $128 million, or $0.47 per share, and a core income of $213 million, or $0.78 per share, for the third quarter of 2022. The P&C segments showed strong top-line and bottom-line performance.
Net income was $128 million, including $85 million of net investment losses.
Core income was $213 million, reflecting a decline in investment income from LPs and common stock, partially offset by an increase in investment income from fixed income securities and P&C underwriting income.
P&C combined ratio was 95.8%, compared with 100.0% in the prior year quarter.
P&C segments, excluding third party captives, generated gross written premium growth of 9%.
CNA
CNA
CNA Revenue by Geographic Location
Revenue by Geographic Location
International Revenue
CapyFin.com Forward Guidance
CNA Financial remains optimistic about growth opportunities with continued strong pricing and terms and conditions.
Positive Outlook
- Strong top-line performance in P&C segments
- Strong bottom-line performance in P&C segments
- Continued strong pricing
- Continued strong terms
- Continued strong conditions
Challenges Ahead
- Pressure on equity markets
- Elevated industry catastrophe losses
- Decline in LPs and common stock
- Higher underwriting expenses
- Higher claim severity