CNA Financial Corporation (NYSE:CNA) reported second-quarter 2025 core income of $335 million, or $1.23 per share, surpassing analyst expectations of $0.98 per share. Despite the strong results, shares slipped 0.62% in after-hours trading following the announcement.
The insurance company’s core income rose 3% from $326 million, or $1.19 per share, in the same quarter last year. Revenue growth remained solid, driven by the Property & Casualty (P&C) segments which saw a 5% increase in gross written premiums and a 6% rise in net written premiums, excluding third-party captives.
Net investment income increased 7% to $662 million pretax, supported by gains in both fixed income securities and limited partnership returns. The company’s P&C combined ratio improved to 94.1%, down from 94.8% in the prior-year quarter. Catastrophe losses totaled $62 million, representing 2.4 points of the loss ratio, compared to 3.5 points a year earlier.
“Core income was $335 million in the quarter, up $9 million over last year. Our underwriting gain was $150 million, up 21%, and our underlying underwriting gain of $213 million represents the ninth consecutive quarter of $200 million or more,” said Douglas M. Worman, President and CEO of CNA Financial Corporation.
The Corporate & Other segment posted a core loss of $114 million, compared to $53 million in the year-ago quarter. This was primarily driven by an $88 million after-tax charge related to unfavorable prior period development tied to legacy mass tort claims.
Book value per share excluding accumulated other comprehensive income (AOCI) stood at $45.25, reflecting a 4% increase from year-end 2024 after adjusting for dividends paid. The Board of Directors declared a regular quarterly cash dividend of $0.46 per share, payable September 4, 2025, to shareholders of record as of August 18, 2025.
CNA Financial Corporation stock price
This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.