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CNA Financial Announces Second Quarter 2019 Results

CNA Financial Announces Second Quarter 2019 Results

Read the Full Press Release.
  

  •  Q2 NET INCOME OF $278M, $1.02 PER SHARE; ROE 9.5%
  •  Q2 CORE INCOME OF $294M, $1.08 PER SHARE; ROE 9.9%
  •  Q2 P&C UNDERLYING COMBINED RATIO OF 94.6% VS 95.3%
  •  Q2 P&C UNDERLYING LOSS RATIO OF 60.8% VS 61.4%
  •  U.S. P&C SEGMENTS NET WRITTEN PREMIUM GROWTH OF 8%
  •  QUARTERLY DIVIDEND OF $0.35 PER SHARE


CHICAGO, August 5, 2019 --- CNA Financial Corporation (NYSE: CNA) today announced second quarter
2019 net income of $278 million, or $1.02 per share, and core income of $294 million, or $1.08 per share.
Net income for the six months ended June 30, 2019 was $620 million, or $2.28 per share, and core income
was $612 million, or $2.25 per share. Property & Casualty Operations combined ratio for the second quarter
was 95.7% and the underlying combined ratio was 94.6%. Net investment income, after tax, was $420
million for the second quarter of 2019, including $34 million from limited partnership and common stock
investments.


The U.S. P&C segments, excluding third party captives, generated gross written premium growth of 10%
and net written premium growth of 8% for the second quarter of 2019. Gross written premium decreased
(9)% and net written premium decreased (8)% for the International segment for the second quarter of 2019.
 

Core income (loss) for the second quarter of 2019 for our Life & Group and Corporate & Other segments
was $7 million and $(11) million, respectively.


CNA Financial declared a quarterly dividend of $0.35 per share, payable September 5, 2019 to stockholders
of record on August 19, 2019.


A live webcast will be available at 9a.m. via the Investor Relations section of http://www.cna.com/.  Those interested in participating in the question and answer session should dial (800) 289-0571, or for international callers, +1 (720) 543-0206.  An online replay will also be available on CNA’s website following the call.

About CNA 
CNA is one of the largest U.S. commercial property and casualty insurance companies. CNA provides a broad range of standard and specialized property and casualty insurance products and services for businesses and professionals in the U.S., Canada and Europe, backed by 120 years of experience and approximately $45 billion of assets. For more information about CNA, visit our website at http://www.cna.com/.

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Press Contact
Brandon Davis
312-822-5885 / 773-383-7166
 
Analyst Contact
James Anderson
312-822-7757

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