PRESS RELEASES

CNA FINANCIAL ANNOUNCES SECOND QUARTER 2025 NET INCOME OF $1.10 PER SHARE AND CORE INCOME OF $1.23 PER SHARE
 

Read the press release here.
 

• Net income of $299 million versus $317 million in the prior year quarter; core income up 3% to $335 million versus $326 million in the prior year quarter.
• P&C core income of $448 million versus $380 million, reflects higher net investment income and improved current accident year underwriting results.
• Life & Group core income of $1 million versus core loss of $1 million in the prior year quarter.
• Corporate & Other core loss of $114 million versus $53 million in the prior year quarter. The current year quarter includes an $88 million after-tax charge related to unfavorable prior period development associated with legacy mass tort compared with a $28 million after-tax charge in the second quarter of 2024.
• Net investment income up 7% to $662 million pretax, reflects a $22 million increase from fixed income securities and other investments to $562 million and a $22 million increase from limited partnerships and common stock to $100 million.
• P&C combined ratio of 94.1%, compared with 94.8% in the prior year quarter, including 2.4 points of catastrophe loss impact compared with 3.5 points in the prior year quarter.
• Catastrophe losses of $62 million pretax versus $82 million in the prior year quarter.
• P&C underlying combined ratio was 91.7%, compared with 91.6% in the prior year quarter. P&C underlying loss ratio was 61.5% and the expense ratio was 29.8%.
• P&C segments, excluding third party captives, generated gross written premium growth of 5% and net written premium growth of 6%. P&C renewal premium change of +5%, with written rate of +3% and exposure change of +1%.
• Book value per share of $39.39; book value per share excluding AOCI of $45.25, a 4% increase from year-end 2024 adjusting for $2.92 of dividends per share paid.
• Board of Directors declares regular quarterly cash dividend of $0.46 per share.

CHICAGO, Aug. 4, 2025 -- CNA Financial Corporation (NYSE: CNA) today announced second quarter 2025 net income of $299 million, or $1.10 per share, versus $317 million, or $1.17 per share, in the prior year quarter. Net investment losses for the quarter were $36 million compared to $9 million in the prior year quarter. Core income for the quarter was $335 million, or $1.23 per share, versus $326 million, or $1.19 per share, in the prior year quarter.

Our Property & Casualty segments produced core income of $448 million for the second quarter of 2025, an increase of $68 million compared to the prior year quarter reflecting higher net investment income and improved current accident year underwriting results. P&C segments, excluding third party captives, generated gross written premium growth of 5% and net written premium growth of 6%, due to renewal premium change of +5% and new business growth of 8%.

Our Life & Group segment produced core income of $1 million for the second quarter of 2025 compared to a core loss of $1 million in the prior year quarter. 

Our Corporate & Other segment produced a core loss of $114 million for the second quarter of 2025 versus $53 million in the prior year quarter. The current year quarter includes an $88 million after-tax charge related to unfavorable prior period development associated with legacy mass tort compared with a $28 million after-tax charge in the second quarter of 2024.

CNA Financial declared a quarterly dividend of $0.46 per share, payable September 4, 2025 to stockholders of record on August 18, 2025.

About the Company
CNA is one of the largest U.S. commercial property and casualty insurance companies. Backed by more than 125 years of experience, CNA provides a broad range of standard and specialized insurance products and services for businesses and professionals in the U.S., Canada and Europe. For more information, please visit CNA at www.cna.com.