We provide deep expertise, attentive service and tailored business insurance solutions to help manage exposures and minimize loss across a wide array of industries.
Our wide range of business insurance products and solutions are specialized to meet the insurance and risk management needs of any business around the world.
With an average of more than 20 years of experience, CNA Risk Control professionals drive a program of systematic, sustainable risk control solutions designed to increase productivity and help protect your bottom line.
We provide deep expertise, attentive service and tailored business insurance solutions to help manage exposures and minimize loss across a wide array of industries.
Our wide range of business insurance products and solutions are specialized to meet the insurance and risk management needs of any business around the world.
With an average of more than 20 years of experience, CNA Risk Control professionals drive a program of systematic, sustainable risk control solutions designed to increase productivity and help protect your bottom line.
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 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 www.cna.com.
