CNA Financial Corporation (NYSE:CNA) reported second-quarter results on Monday that exceeded Wall Street expectations for both earnings and revenue, although the insurer’s shares were little changed in pre-market trading.
Adjusted earnings came in at $1.19 per share, surpassing the consensus forecast of $1.01 by 18%.
Quarterly revenue totaled $4.73 billion, comfortably ahead of analysts’ expectations of $2.97 billion, representing a 59% positive surprise.
Net income increased to $321 million, or $1.18 per diluted share, compared with $299 million, or $1.10 per share, in the same quarter last year.
Core income was $324 million, or $1.19 per share, versus $335 million, or $1.23 per share, in the second quarter of 2025.
CNA’s Property & Casualty operations generated core income of $426 million during the quarter, a decrease of $22 million from a year earlier.
The decline reflected softer underlying underwriting performance, although stronger net investment income helped offset part of the impact.
Net written premiums increased 4%, supported by record new business production of $718 million, up 11% year over year, while renewal premium pricing improved by 2%.
Chairman and Chief Executive Officer Douglas M. Worman said the company continued to deliver solid operating performance.
“We delivered strong second quarter results with core income of $324 million reflecting deliberate and disciplined growth, excellent investment income and high-quality underwriting results,” said Douglas M. Worman, Chairman & Chief Executive Officer.
The Property & Casualty combined ratio rose to 96.5% from 94.1% in the prior-year quarter, including a 2.3-point impact from catastrophe losses.
The underlying combined ratio increased to 94.2% from 91.7%, while the underlying loss ratio reached 64.1%.
Net investment income climbed by $39 million to $701 million, supported by stronger returns from limited partnerships and common stock investments, together with higher income generated from the fixed-income portfolio.
The Life & Group segment reported a core loss of $10 million, compared with core income of $1 million in the prior-year period.
Meanwhile, the Corporate & Other division posted a core loss of $92 million, improving from a loss of $114 million a year earlier. The latest quarter included a $77 million after-tax charge related to legacy mass tort claims.
Book value per share, excluding accumulated other comprehensive income (AOCI), increased 4% from the end of 2025 to $45.83 after adjusting for dividends totaling $2.96 per share.
CNA also announced a quarterly cash dividend of $0.48 per share, which is scheduled to be paid on September 3, 2026.
CNA Financial Corporation stock price
| Nov-02 | |
| Nov-02 | |
| Nov-02 | |
| Nov-02 | |
| Nov-02 | |
| Oct-26 | |
| Oct-13 | |
| Aug-17 | |
| Aug-07 | |
| Aug-03 | |
| Aug-03 | |
| Aug-03 | |
| Aug-03 | |
| Aug-03 | |
| Aug-03 |
Join thousands of traders who make more informed decisions with our premium features. Real-time quotes, advanced visualizations, alerts, and much more.
Learn more about Finviz Elite