Loews' third-quarter profit jumps on investment income boost [Yahoo! Finance Canada]
CNA Financial Corporation (CNA)
Last cna financial corporation earnings: 2/10 06:00 am
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Source: Yahoo! Finance Canada
The New York-based company's investment income jumped to $776 million in the third quarter from $592 million a year earlier. Income attributable to Loews rose to $401 million, or $1.82 per share, in the three months ended Sept. 30, compared with $253 million, or $1.12 per share, last year. The company earns most of its revenue from its insurance unit CNA Financial, in which it holds a more than 90% stake, as per LSEG data. The insurance unit reported an underlying combined ratio of 91.6% in its property and casualty business, compared with 90.4% a year earlier. A ratio below 100% means an insurer earned more in premiums than it paid out in claims. CNA Financial's quarterly insurance premiums rose to $2.59 billion from $2.41 billion. "CNA performed well despite elevated industry catastrophe losses," Loews CEO James Tisch, who is set to retire at the end of 2024, said. Analysts said in October that Hurricane Milton could cause losses of up to $100 billion for the global ins
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CNA
News
- CNA Stock Near 52-Week High: Here's What Investors Should Know [Yahoo! Finance]Yahoo! Finance
- CNA Financial Corporation (NYSE:CNA) Looks Like A Good Stock, And It's Going Ex-Dividend Soon [Yahoo! Finance]Yahoo! Finance
- CNA Financial Co. (NYSE: CNA) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- CNA Financial Co. (NYSE: CNA) had its price target raised by analysts at Keefe, Bruyette & Woods from $54.00 to $55.00. They now have a "market perform" rating on the stock.MarketBeat
- CNA Financial Co. (NYSE: CNA) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
CNA
Earnings
- 11/4/24 - Beat
CNA
Sec Filings
- 11/14/24 - Form 13F-HR
- 11/12/24 - Form 4
- 11/8/24 - Form 144
- CNA's page on the SEC website