CNA

A month has gone by since the last earnings report for CNA Financial (CNA). Shares have lost about 5.1% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is CNA Financial due for a breakout? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent catalysts for CNA Financial Corporation before we dive into how investors and analysts have reacted as of late. CNA Financial Q1 Earnings Miss Estimates on Weak Underwriting IncomeCNA Financial reported first-quarter 2026 core earnings of 83 cents per share, which missed the Zacks Consensus Estimate by 44.3%. The bottom line decreased 19.4% year over year.The quarterly results of CNA reflected higher claims and expenses, a sharp deterioration in the combined ratio, which pressured underwriting income. These factors were partially offset by modest premium growth, improved investment income and decreased catastrophe losses.Behind Q1 HeadlinesTotal operating revenues of CNA Financial were $3.3 billion, up 2.2% year over year, driven by higher premiums and net investment income. The top line missed the Zacks Consensus Estimate by 0.3%.Net written premiums of Property & Casualty Operations increased 1% year over year to $2.7 billion. The new business grew 3% to $581 million.Net investment income rose 1% year over year to $610 million. The increase was supported by higher fixed income returns, partly offset by weaker performance in limited partnerships and equities. Our estimate for net investment income was $640 million. The Zacks Consensus Estimate was pegged at $640.5 million.Total claims, benefits and expenses increased 4% to $3.4 billion, primarily due to higher insurance claims and policyholders’ benefits, amortization of deferred acquisition costs, other operating expenses and interest expenses. Our estimate was $3.2 billion.Catastrophe losses were $88 million, narrower than the loss of $96 million in the year-ago quarter. Underlying underwriting income declined 28% year over year to $144 million. The combined ratio deteriorated 380 basis points (bps) year over year to 102.2. The Zacks Consensus Estimate was pegged at 92.5, while our estimate was 92.5.Q1 Segment ResultsSpecialty’s net written premiums decreased 1% year over year to $834 million. Our estimate was $875.5 mill...

CNA Financial’s first quarter was marked by a cautious tone from management as the company contended with ongoing headwinds in its property and casualty (P&C) portfolio. CEO Douglas Worman attributed the quarter’s underperformance to “prudent actions” taken to strengthen reserves in long-tailed lines like excess casualty and professional errors and omissions (E&O), as well as pressure from catastrophe events. Management flagged that earned rate increases continue to trail loss cost trends, which has put pressure on underlying loss ratios and required targeted underwriting actions. Worman emphasized, “We believe this conservative approach is appropriate, and we remain focused on sustainable performance.” Is now the time to buy CNA? Find out in our full research report (it’s free). Revenue: $3.70 billion vs analyst estimates of $3.80 billion (1.6% year-on-year growth, 2.8% miss) Adjusted EPS: $0.83 vs analyst expectations of $1.24 (33.1% miss) Adjusted Operating Income: $285 million (7.7% margin, 20.4% year-on-year decline) Market Capitalization: $11.78 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Jeff Schmitt (William Blair): asked about the outlook for loss cost trends and reserve adequacy. CEO Douglas Worman emphasized a conservative stance and ongoing monitoring, saying further adjustments could be made if adverse signals emerge. Paul Newsome (Piper Sandler): inquired about the competitive dynamics in national accounts property. Worman explained the company’s strategy to reduce exposure in undisciplined markets to protect profitability. Elyse Greenspan (Wells Fargo): questioned the pace and impact of AI initiatives. CFO Scott Lindquist described current benefits in claims processing and underwriting, noting that broader impacts would be realized over time. Greg Peters (Raymond James): asked whether catastrophe losses are expected to be higher than historical averages going forward. Worman responded that catastrophe planning is based on long-term trends and that the company sees no immediate need to change assumptions. Meyer Shields (Keefe, Bruyette & Woods): sought clarification on premium growth outloo...

Image source: The Motley Fool. Monday, May 4, 2026 at 7 a.m. ET Chief Executive Officer — Douglas Worman Chief Financial Officer — Scott Lindquist Douglas Worman: [ The transcript was presubmitted by CNA Financial Corporation. No live call was conducted for the first quarter earnings call. ] In the first quarter we continued to successfully drive our underwriting strategies to generate consistently profitable returns as we navigate this challenging market. The fundamentals of our business remain strong as we execute specialized and deliberate strategies to achieve profitable growth. We grew certain pockets of our portfolio that offer accretive returns and scaled back in other areas where the market can't earn an acceptable return. We took prudent actions this quarter to strengthen both our prior accident year reserves as well as our current accident year loss ratio. Catastrophe impacts in the quarter were consistent with our five-year average. Core income was $225 million in the first quarter, with net investment income of $610 million which was up slightly compared with the prior year quarter. Higher earnings from the fixed income portfolio were modestly offset by a market decline in common stocks. The P&C all-in combined ratio was 102.2% in the quarter, including 3.6 points or $97 million of catastrophe impacts, which was consistent with the prior year quarter. Catastrophe impacts were driven by severe convective storms, more than half of which were driven by a significant winter storm in January and a severe hail event in March. Prior period development for P&C overall was unfavorable by $106 million, or 4.1 points of the combined ratio, and was driven by reserve strengthening primarily in recent accident years in our excess casualty and affinity professional errors and omissions (E&O) classes. The P&C underlying combined ratio was 94.5%, up 2.4 points compared to the prior year quarter. The expense ratio was 29.9%, down 0.3 points from the prior year, while the P&C underlying loss ratio was 64.1%, up 2.6 points from the prior year quarter. The higher underlying loss ratio reflects our belief that a higher degree of conservatism in our loss pick is appropriate given the continuation of uncertainties around longer tailed classes of business. Further, across the P&C portfolio in aggregate, earned rate has been trailing our estimate of loss cost trend. This...

CNA Financial Corporation CNA reported first-quarter 2026 core earnings of 83 cents per share, which missed the Zacks Consensus Estimate by 44.3%. The bottom line decreased 19.4% year over year. The quarterly results of CNA reflected higher claims and expenses, a sharp deterioration in the combined ratio, which pressured underwriting income. These factors were partially offset by modest premium growth, improved investment income and decreased catastrophe losses. Total operating revenues of CNA Financial were $3.3 billion, up 2.2% year over year, driven by higher premiums and net investment income. The top line missed the Zacks Consensus Estimate by 0.3%. CNA Financial Corporation price-consensus-eps-surprise-chart | CNA Financial Corporation Quote Net written premiums of Property & Casualty Operations increased 1% year over year to $2.7 billion. The new business grew 3% to $581 million. Net investment income rose 1% year over year to $610 million. The increase was supported by higher fixed income returns, partly offset by weaker performance in limited partnerships and equities. Our estimate for net investment income was $640 million. The Zacks Consensus Estimate was pegged at $640.5 million. Total claims, benefits and expenses increased 4% to $3.4 billion, primarily due to higher insurance claims and policyholders’ benefits, amortization of deferred acquisition costs, other operating expenses and interest expenses. Our estimate was $3.2 billion. Catastrophe losses were $88 million, narrower than the loss of $96 million in the year-ago quarter. Underlying underwriting income declined 28% year over year to $144 million. The combined ratio deteriorated 380 basis points (bps) year over year to 102.2. The Zacks Consensus Estimate was pegged at 92.5, while our estimate was 92.5. Specialty’s net written premiums decreased 1% year over year to $834 million. Our estimate was $875.5 million. The combined ratio deteriorated 760 bps to 102.7. The Zacks Consensus Estimate was pegged at 90.3. Commercial’s net written premiums decreased 1% year over year to $1.5 billion. Our estimate was $1.5 billion. The combined ratio deteriorated 240 bps to 103.5. The Zacks Consensus Estimate was pegged at 94.2. International’s net written premiums increased 16% year over year to $308 million. Our estimate was $254.4 million. The combined ratio deteriorated 50 bps to 95.9. The Zacks Con...

CNA Financial Corporation has reported its first-quarter 2026 results, with revenue of US$3,677 million and net income of US$211 million, alongside basic and diluted earnings per share from continuing operations of US$0.78. The company paired this weaker year-on-year profitability with a maintained quarterly cash dividend of US$0.48 per share, highlighting management’s continued cash-return stance even as underwriting results and prior-period reserve development weighed on earnings. We’ll now examine how this softer underwriting performance and unchanged dividend policy may influence CNA Financial’s existing investment narrative. Explore 26 top quantum computing companies leading the revolution in next-gen technology and shaping the future with breakthroughs in quantum algorithms, superconducting qubits, and cutting-edge research. To own CNA Financial, you need to be comfortable with a commercial insurer that mixes underwriting with a sizeable investment income stream, and accepts that catastrophe losses and reserve volatility are part of the story. The softer first quarter, with net income at US$211 million and earnings per share of US$0.78, reinforces that the near term hinges on stabilizing underwriting results, while the biggest immediate risk remains further unfavorable loss reserve development rather than this single quarter’s profitability dip. The reaffirmed quarterly dividend of US$0.48 per share is the most relevant development alongside these results, because it signals unchanged cash returns to shareholders despite weaker underwriting performance and prior period reserve pressure. For investors, that steady payout now sits against a backdrop of recent earnings volatility and catastrophe exposure, and invites a closer look at how resilient CNA’s dividend policy really is if loss ratios or reserve charges were to worsen from here. Yet beneath the steady dividend, one emerging risk investors should be aware of is the trend in underlying loss ratios and what it could mean for... Read the full narrative on CNA Financial (it's free!) CNA Financial's narrative projects $17.1 billion revenue and $1.7 billion earnings by 2028. This requires 6.2% yearly revenue growth and a roughly $700 million earnings increase from $959.0 million today. Uncover how CNA Financial's forecasts yield a $48.37 fair value, a 9% upside to its current price. One member of the Si...

Management implemented a higher degree of conservatism in loss picks and reserve strengthening for recent accident years, specifically targeting excess casualty and professional E&O lines. The underlying loss ratio increase to 64.1% reflects a deliberate decision to maintain prudence as earned rates trail the estimated loss cost trend of slightly above 7%. Strategic growth was bifurcated, with 13% growth in Middle Market offset by a 14% decline in National Accounts Property due to what management described as undisciplined market behavior. Underwriting actions are being executed with precision, scaling back in areas where the market cannot earn an acceptable return while growing pockets with accretive returns. Social inflation remains a primary concern, with management citing increased attorney involvement and lengthening development patterns as persistent headwinds that have not abated. The company is leveraging over 100 AI initiatives to enhance operational efficiency, ranging from submission triaging to advanced risk control analytics. Management expects the expense ratio to run at approximately 30% for the full year 2026, supported by favorable acquisition costs and digital investments. Fixed income and other investment income is projected to reach approximately $2,300 million for the full year, a 2% increase over 2025 based on current interest rates. The company anticipates continued volatility in the limited partnership and common stock portfolios in the near term due to public equity market fluctuations. Underwriting strategies implemented to address current headwinds are expected to take time to translate into visible financial results. A comprehensive review of legacy mass tort exposures is scheduled for the second quarter, which may impact future Corporate segment results. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Unfavorable prior period development of $106 million was driven by reserve strengthening in recent accident years for excess casualty and affinity professional E&O. Catastrophe impacts of $97 million were primarily attributed to severe convective storms, including a significant winter storm in January and a March hail event. International rates declined 4% due to highly competitive soft market conditions, though management still...

CHICAGO (AP) — CHICAGO (AP) — CNA Financial Corp. (CNA) on Monday reported profit of $211 million in its first quarter. On a per-share basis, the Chicago-based company said it had net income of 78 cents. Earnings, adjusted for investment costs, were 83 cents per share. The insurance holding company posted revenue of $3.68 billion in the period. Its adjusted revenue was $3.32 billion. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CNA at https://www.zacks.com/ap/CNA

Net income of $211 million versus $274 million in the prior year quarter; core income of $225 million versus $281 million in the prior year quarter. P&C core income of $248 million versus $311 million, reflects lower underlying underwriting results and unfavorable prior period development partially offset by higher net investment income. Life & Group core loss of $9 million versus core income of $6 million in the prior year quarter. Corporate & Other core loss of $14 million versus $36 million in the prior year quarter. Net investment income of $610 million, reflects an $18 million increase from fixed income securities and other investments to $568 million and a $12 million decrease from limited partnerships and common stock to $42 million. P&C combined ratio of 102.2%, compared with 98.4% in the prior year quarter, including a 3.6 point impact related to catastrophes compared with 3.8 points in the prior year quarter. The current year quarter also includes an unfavorable impact of 4.1 points from net prior period development driven by excess casualty and professional E&O lines in recent accident years, compared to 2.5 points in the prior year quarter. Catastrophe impacts of $97 million pretax in both the current and prior year quarters. P&C underlying combined ratio was 94.5%, compared with 92.1% in the prior year quarter. P&C underlying loss ratio was 64.1% and the expense ratio was 29.9%. P&C segments generated net written premium growth of 1% in the quarter. P&C renewal premium change of +3%, with written rate of +2%. Book value per share of $40.13; book value per share excluding AOCI of $45.12, a 1% increase from year-end 2025 adjusting for $2.48 of dividends per share paid. Board of Directors declares regular quarterly cash dividend of $0.48 per share. CHICAGO, May 4, 2026 /PRNewswire/ -- CNA Financial Corporation (NYSE: CNA) today announced first quarter 2026 net income of $211 million, or $0.78 per share, versus $274 million, or $1.00 per share, in the prior year quarter. Net investment losses for the quarter were $14 million compared to $7 million in the prior year quarter. Core income for the quarter was $225 million, or $0.83 per share, versus $281 million, or $1.03 per share, in the prior year quarter. Our Property & Casualty segments delivered core income of $248 million for the first quarter of 2026, a decrease of $63 million compared to the pr...

NEW YORK, May 4, 2026 /PRNewswire/ -- Loews Corporation (NYSE: L) today released its first quarter 2026 financial results. First Quarter 2026 highlights: Loews Corporation reported net income of $337 million, or $1.63 per share, in the first quarter of 2026, compared to $370 million, or $1.74 per share, in the first quarter of 2025. The following are key highlights of our first quarter results: CNA Financial Corporation's (NYSE: CNA) net income attributable to Loews Corporation decreased year-over-year primarily due to lower underlying underwriting results and unfavorable net prior year loss reserve development, partially offset by higher net investment income. Boardwalk Pipelines' net income increased year-over-year primarily due to higher contracting rates and utilization-based revenues on gas transportation, as well as higher rates on storage, parking and lending. Loews Hotels' net income increased year-over-year primarily due to higher equity income from joint ventures, driven mainly by the Universal Orlando Resort joint ventures. Corporate segment results decreased year-over-year primarily due to lower investment income from the parent company trading portfolio and higher interest expense. Book value per share increased to $90.90 as of March 31, 2026, from $90.71 as of December 31, 2025. Book value per share, excluding AOCI, increased to $97.20 as of March 31, 2026, from $95.89 as of December 31, 2025. On March 31, 2026, the parent company had $4.5 billion of cash and investments and $1.8 billion of debt. Loews Corporation repurchased 0.3 million shares of its common stock during the first quarter of 2026 for a total cost of $31 million. Consolidated highlights: Three months ended March 31, 2026 compared to 2025 CNA: Net income attributable to Loews Corporation was $194 million compared to $252 million. Core income decreased to $225 million compared to $281 million, driven by lower underlying underwriting results and unfavorable net prior year loss reserve development, partially offset by higher net investment income. Net earned premiums grew by 3% and net written premiums grew by 1%. Property and Casualty's combined ratio increased by 3.8 points to 102.2% compared to 98.4% largely due to a higher underlying loss ratio and unfavorable net prior year loss reserve development. Property and Casualty's underlying combined ratio increased to 94.5% from 92.1%...

CNA Financial (CNA) came out with quarterly earnings of $0.83 per share, missing the Zacks Consensus Estimate of $1.49 per share. This compares to earnings of $1.03 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -44.30%. A quarter ago, it was expected that this insurance holding company would post earnings of $1.2 per share when it actually produced earnings of $1.16, delivering a surprise of -3.33%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. CNA Financial, which belongs to the Zacks Insurance - Property and Casualty industry, posted revenues of $3.32 billion for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.32%. This compares to year-ago revenues of $3.24 billion. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. CNA Financial shares have added about 0.6% since the beginning of the year versus the S&P 500's gain of 5.6%. While CNA Financial has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for CNA Financial was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zac...

Universal Insurance Holdings (UVE) came out with quarterly earnings of $2 per share, beating the Zacks Consensus Estimate of $1.39 per share. This compares to earnings of $1.44 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +43.89%. A quarter ago, it was expected that this property and casualty insurance company would post earnings of $1.3 per share when it actually produced earnings of $2.17, delivering a surprise of +66.92%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Universal Insurance, which belongs to the Zacks Insurance - Property and Casualty industry, posted revenues of $393.57 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 6.52%. This compares to year-ago revenues of $394.87 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Universal Insurance shares have added about 0.9% since the beginning of the year versus the S&P 500's gain of 4.3%. While Universal Insurance has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Universal Insurance was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the mark...

CHICAGO, April 14, 2026 /PRNewswire/ -- CNA Financial Corporation (NYSE: CNA) will report first quarter 2026 results before the market opens on Monday, May 4, 2026. The news release, earnings presentation and financial supplement will be available on CNA's website at www.cna.com via the Investor Relations section. Along with these documents CNA will post a transcript of earnings remarks, which will include commentary from the Company's Chairman and Chief Executive Officer, Douglas M. Worman, and Chief Financial Officer, Scott R. Lindquist. CNA invites shareholders and analysts to submit questions for management in advance of the earnings release. Management may address some or all of these questions in the posted earnings remarks. Questions may be submitted to [email protected]. About CNA CNA is one of the largest U.S. commercial property and casualty insurance companies. Backed by more than 125 years of experience, CNA provides a broad range of standard and specialized insurance products and services for businesses and professionals in the U.S., Canada and Europe. For more information, please visit CNA at www.cna.com. Follow CNA (NYSE: CNA) on LinkedIn Press Contacts Kelly Messina | Vice President, Marketing CNA [email protected] 872-817-0350 CNA Newsroom [email protected] 312-822-5167 Analyst Contacts Ralitza K. Todorova | Vice President, Investor Relations & Rating Agencies CNA [email protected] 312-822-3834 View original content to download multimedia:https://www.prnewswire.com/news-releases/cna-financial-to-report-first-quarter-2026-results-on-may-4-302741017.html