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Dec 31, 2020
CNA Q4 2020 Earnings Report
CNA Financial announced Q4 2020 net income and core income, leveraging hardening market conditions and improving combined ratios.
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.
CNA
CNA
CNA Revenue by Geographic Location
Revenue by Geographic Location
International Revenue
CapyFin.com Forward Guidance
CNA is well positioned to extend its strong execution in the favorable market conditions that it expects to continue in 2021.