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Dec 31, 2024
CNA Q4 2024 Earnings Report
Key Takeaways
CNA Financial Corporation reported Q4 2024 earnings with revenue of $3.689 billion, an increase of 5% from the prior year. However, net income declined significantly to $21 million, primarily due to a $367 million pre-tax loss from pension settlement transactions. Adjusted EPS was reported at $1.25, reflecting stable core income, while GAAP EPS fell to $0.07.
Revenue by Geographic Location
Forward Guidance
CNA Financial remains focused on premium growth and cost management while addressing challenges from pension settlements and catastrophe losses.
Positive Outlook
- Continued revenue growth across core business segments
- Stable core income performance despite market challenges
- Net investment income increased by 5% year-over-year
- Strong commercial insurance premium growth of 14%
- Retention rates remained stable at 85% or higher
Challenges Ahead
- Significant impact of pension settlement transactions on net income
- Higher combined ratio in specialty and international segments
- Catastrophe losses increased compared to prior year
- Net investment losses impacted overall earnings
Historical Earnings Impact
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Avg. Return Before/After Earnings
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