CNA Q4 2020 Earnings Report
Key Takeaways
CNA Financial reported a strong Q4 2020 with a net income of $387 million and core income of $335 million. The P&C combined ratio improved to 93.5%, driven by growth in gross written premiums and net written premiums.
Net income was $387 million, compared to $273 million in the prior year quarter.
Core income reached a record $335 million, up from $265 million in the prior year quarter.
The P&C combined ratio improved to 93.5% compared to 95.6% in the prior year quarter.
Gross written premium growth of 15% and net written premium growth of 12% were achieved, excluding third party captives.
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CNA Revenue by Segment
Forward Guidance
CNA is well positioned to extend its strong execution in the favorable market conditions that it expects to continue in 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income