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.

Total Revenue

$3.28B

Previous year: $611M

+437.5%

EPS

$1.25

Previous year: $1.33

-6.0%

Commercial Combined Ratio

92.3%

Previous year: 92.9%

-0.6%

Specialty Combined Ratio

93.8%

Previous year: 90.8%

+3.3%

International Combined Ratio

94.8%

Previous year: 93%

+1.9%

Cash and Equivalents

$703M

Previous year: $345M

+103.8%

Total Assets

$60.4B

Previous year: $64.7B

-6.6%

CNA Revenue

CNA EPS

CNA Revenue by Segment

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
Market challenges and economic conditions remain a concern