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Cna Financial Corp (CNA) SEC Filing 10-Q Quarterly Report for the period ending Wednesday, June 30, 2021

Cna Financial Corp

CIK: 21175 Ticker: CNA

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FOR IMMEDIATE RELEASE

CNA FINANCIAL ANNOUNCES SECOND QUARTER 2021
NET INCOME OF $1.35 PER SHARE AND CORE INCOME OF $1.25 PER SHARE
Net income was $368 million versus $151 million in the prior year quarter; core income was a record $341 million versus $99 million in the prior year quarter.
The P&C combined ratio was 94.0% compared with 109.2% in the prior year quarter, including 2.8 points of catastrophe loss impact compared with 17.5 points in the prior year quarter.
Net catastrophe losses were $54 million pretax versus $301 million in the prior year quarter.
The underlying combined ratio was 91.4% compared with 93.2% in the prior year quarter. The underlying loss ratio was 59.5% compared with 59.3% in the prior year quarter, which reflected a 0.9 point benefit from lower loss frequency as a result of COVID-19 shelter in place restrictions.
The expense ratio was 31.6% compared with 33.6% in the prior year quarter, which included a 0.5 point adverse impact related to COVID-19.
P&C segments generated net earned premium growth of 11%. Excluding the impact of COVID-19 in the prior year quarter, net earned premiums grew 8%.
P&C segments, excluding third party captives, generated gross written premium growth of 8%. Net written premiums decreased 1%. Excluding the impact of a one-time catch-up related to a new property quota share reinsurance treaty, net written premiums grew 5%.
P&C earned rate of +12% and continued double-digit written rate of +10% for the quarter.
Net investment income of $591 million pretax includes $156 million of income from limited partnerships and common stock compared with $534 million of pretax net investment income which included $84 million of income from limited partnerships and common stock in the prior year quarter.
Book value per share of $46.69; book value per share excluding AOCI of $44.81, a 6% increase from year-end 2020 adjusting for $1.51 of dividends per share.
Board of Directors declares regular quarterly cash dividend of $0.38 per share.










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The following information was filed by Cna Financial Corp (CNA) on Monday, August 2, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Cna Financial Corp's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover Page
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets - (Parenthetical)
Condensed Consolidated Statements Of Cash Flows (Unaudited)
Condensed Consolidated Statements Of Comprehensive Income (Unaudited)
Condensed Consolidated Statements Of Operations (Unaudited)
Condensed Consolidated Statements Of Stockholders' Equity (Unaudited)
Condensed Consolidated Statements Of Stockholders' Equity (Unaudited) - (Parenthetical)
Accumulated Other Comprehensive Income (Loss) By Component
Accumulated Other Comprehensive Income (Loss) By Component (Tables)
Accumulated Other Comprehensive Income (Loss) By Component Schedule Of Accumulated Other Comprehensive Income (Loss) By Component (Details)
Benefit Plans
Benefit Plans (Components Of Net Periodic Cost (Benefit)) (Details)
Benefit Plans (Narrative) (Details)
Benefit Plans (Tables)
Business Segments
Business Segments (Balance Sheet Information) (Details)
Business Segments (Income Statement Information) (Details)
Business Segments (Narrative) (Details)
Business Segments (Revenues By Line Of Business) (Details)
Business Segments (Tables)
Claim And Claim Adjustment Expense Reserves
Claim And Claim Adjustment Expense Reserves (Commercial - Net Prior Year Claim And Allocated Claim Adjustment Expense Reserve Development) (Details)
Claim And Claim Adjustment Expense Reserves (International - Net Prior Year Claim And Allocated Claim Adjustment Expense Reserve Development) (Details)
Claim And Claim Adjustment Expense Reserves (Narrative) (Details)
Claim And Claim Adjustment Expense Reserves (Net Prior Year Development) (Details)
Claim And Claim Adjustment Expense Reserves (Reconciliation Of Claim And Claim Adjustment Expense Reserves) (Details)
Claim And Claim Adjustment Expense Reserves (Specialty - Net Prior Year Claim And Allocated Claim Adjustment Expense Reserve Development) (Details)
Claim And Claim Adjustment Expense Reserves (Tables)
Earnings (Loss) Per Share
Earnings (Loss) Per Share (Narrative) (Details)
Fair Value
Fair Value (Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details)
Fair Value (Carrying Amount And Estimated Fair Value Of Financial Instrument Assets And Liabilities Which Are Not Measured At Fair Value) (Details)
Fair Value (Narrative) (Details)
Fair Value (Quantitative Information About Significant Unobservable Inputs In The Fair Value Measurement Of Level 3 Assets) (Details)
Fair Value (Table Of Reconciliation For Assets And Liabilities Measured At Fair Value On A Recurring Basis Using Significant Unobservable Inputs) (Details)
Fair Value (Tables)
General
General (Narrative) (Details)
General (Policies)
Investments
Investments (Allowance On Available-For-Sale Securities With Credit Impairments And Pcd Assets Activity) (Details)
Investments (Components Of Other-Than-Temporary Impairment Losses Recognized In Earnings) (Details)
Investments (Contractual Maturity) (Details)
Investments (Credit Quality Indicator) (Details)
Investments (Narrative) (Details)
Investments (Net Investment Income) (Details)
Investments (Net Realized Investment Gains (Losses)) (Details)
Investments (Securities In A Gross Unrealized Loss Position) (Details)
Investments (Summary Of Fixed Maturity And Equity Securities) (Details)
Investments (Tables)
Legal Proceedings, Contingencies And Guarantees
Legal Proceedings, Contingencies And Guarantees (Narrative) (Details)
Non-Insurance Revenues From Contracts With Customers
Non-Insurance Revenues From Contracts With Customers (Narrative) (Details)
Non-Insurance Revenues From Contracts With Customers (Performance Obligation) (Details)

Material Contracts, Statements, Certifications & more

Cna Financial Corp provided additional information to their SEC Filing as exhibits

Ticker: CNA
CIK: 21175
Form Type: 10-Q Quarterly Report
Accession Number: 0000021175-21-000089
Submitted to the SEC: Mon Aug 02 2021 10:01:03 AM EST
Accepted by the SEC: Mon Aug 02 2021
Period: Wednesday, June 30, 2021
Industry: Fire Marine And Casualty Insurance

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