Loading...
•
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%.
Revenue by Geographic Location
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...