CNA Financial Corporation
44.51-0.76 (-1.68%)
Oct 28, 4:00:02 PM EDT · NYSE · CNA · USD
Key Stats
Market Cap
12.25BP/E (TTM)
14.09Basic EPS (TTM)
3.16Dividend Yield
0.04%Recent Filings
8-K
CNA closes $500M notes offering
CNA Financial closed its $500 million offering of 5.200% notes due 2035 on August 12, 2025, securing long-term debt under its shelf registration. This issuance extends maturity to 2035 while locking in a fixed rate amid market conditions. Notes issued smoothly. Investors should note interest payments start soon, with full terms in Exhibit 4.1.
8-K
CNA issues $500M notes
CNA Financial Corporation entered an underwriting agreement on August 5, 2025, to issue $500 million of 5.200% notes due 2035, with closing expected August 12, 2025, via underwriters led by Wells Fargo Securities, Citigroup Global Markets, and J.P. Morgan Securities. This shelf offering bolsters the insurer's capital base amid steady market conditions. Proceeds use not specified. Risks hinge on closing conditions.
10-Q
Q2 FY2025 results
CNA Financial's Q2 2025 results showed net earned premiums climbing 7.9% year-over-year to $2.7B, while total revenues edged up 5.6% to $3.7B, buoyed by a 7.2% rise in net investment income to $662M. Yet net income dipped 5.7% to $299M, pressured by $46M in net investment losses and $108M in unfavorable prior-year reserve development, mainly from legacy mass tort exposures in the Corporate & Other segment. Core income held steady at $335M, reflecting resilient underwriting in Property & Casualty operations amid $62M catastrophe hits from severe weather. Cash stood at $373M with $1.2B operating cash flow for the half-year; debt totaled $2.975B including $500M short-term. Social inflation continues to stoke litigation risks in liability lines.
8-K
Core income up 3% amid premium growth
CNA Financial reported Q2 2025 net income of $299 million, down from $317 million last year, yet core income rose 3% to $335 million, fueled by 7% higher net investment income at $662 million and a P&C underwriting gain up 21% to $150 million. P&C segments drove 5% gross written premium growth excluding captives, with a combined ratio improving to 94.1% on lower catastrophe losses of $62 million versus $82 million prior year, while underlying combined ratio held steady at 91.7%. Legacy mass tort charges hit $88 million after-tax. Book value per share excluding AOCI climbed 4% to $45.25. Solid cash flow persists.
8-K
CNA separates top legal exec
CNA Financial Corporation announced the separation of Executive Vice President and General Counsel Susan A. Stone, effective no later than July 31, 2025, following a General Release and Separation Agreement signed on July 3, 2025. The agreement includes aggregate payments of $2,250,000 in installments, plus health and welfare benefits, in exchange for releases, a 12-month non-interference and non-solicitation covenant, and cooperation on litigation. This executive exit could disrupt legal oversight amid ongoing matters. Leadership transition details remain undisclosed.
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