CNA Stock Recent News

CNA stock soars riding on solid premium writing underwriting expertise, solid balance sheet, capital deployment and growth projections.

CNA Financial reported a $317 million profit in Q2 2024, a 12% increase from the prior year. Despite higher catastrophe losses, investment income growth drove higher earnings. Underwriting performance remained strong, with a gain of $124 million in Q2 2024 contributing to a year-to-date underwriting income of $250 million.

CNA Financial's (CNA) Q2 results reflect higher income from fixed income securities and improved retention, partially offset by higher cat losses and poor underwriting income.

Although the revenue and EPS for CNA Financial (CNA) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

CNA Financial (CNA) came out with quarterly earnings of $1.19 per share, missing the Zacks Consensus Estimate of $1.21 per share. This compares to earnings of $1.13 per share a year ago.

Net income up 12% to $317 million versus $283 million in the prior year quarter; core income up 6% to $326 million versus $308 million in the prior year quarter. Core income for the first half of the year up 8% to a record $681 million.

NEW YORK , July 29, 2024 /PRNewswire/ -- Loews Corporation (NYSE: L) today released its second quarter 2024 financial results. Second Quarter 2024 highlights: Loews Corporation reported net income of $369 million, or $1.67 per share, in the second quarter of 2024, compared to $360 million, or $1.58 per share, in the second quarter of 2023.

James Tisch to retire as President & CEO as of December 31, 2024; Loews Board elects Benjamin Tisch as President & CEO;  James Tisch will become Chairman of the Board of Directors NEW YORK , July 29, 2024 /PRNewswire/ -- Loews Corporation (NYSE: L) announced today that, as part of its leadership succession plan, on December 31, 2024, James Tisch will retire as President and CEO and will be succeeded by Benjamin Tisch, current Senior Vice President, Corporate Development and Strategy. As part of the leadership transition, James Tisch will become Chairman of the Board of Directors, and Benjamin Tisch and Loews Hotels & Co's CEO Alexander Tisch will join the Board.

Evaluate the expected performance of CNA Financial (CNA) for the quarter ended June 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

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