Shares of CNA Financial (NYSE:CNA) decreased 0.24% from the previous session close to $29.08 after the company reported Q1 results.Quarterly Results Earnings per share were down 65.81% year over year to $0.40, which missed the estimate of $0.68.Revenue of $2,291,000,000 less by 14.99% from the same period last year, which missed the estimate of $2,680,000,000.Looking Ahead Earnings guidance hasn't been issued by the company for now.Revenue guidance hasn't been issued by the company for now.Conference Call Details Date: May 04, 2020View more earnings on CNATime: 02:04 PM ETWebcast URL: https://78449.choruscall.com/dataconf/productusers/cna/mediaframe/37502/indexr.htmlPrice Action 52-week high: $51.3052-week low: $26.52Price action over last quarter: down 42.67%Company Profile CNA Financial Corporation (CNAF) is an insurance holding company that provides commercial property and casualty insurance. The company is operating under five segments; Specialty, Commercial and International being its core business and two segments for its non-core businesses which are Life & Group and Corporate & Other. CNAF through its segments provides professional, financial and specialty property and casualty products to small businesses and medium scale organizations. It has its business spread across Continental Europe, UK, and Canada. The majority of the revenues are generated from the Specialty and Commercial segment of the business.See more from Benzinga * Recap: Westlake Chemical Q1 Earnings * Tactile Systems Tech: Q1 Earnings Insights * Starwood Property Trust: Q1 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
CNA today announced that its 2020 Annual Meeting of stockholders will be held virtually, moving away from an in-person event due to the evolving nature of COVID-19 Coronavirus. Stockholders will not be able to attend in person.
CNA Financial (CNA) is poised to benefit from robust revenues and constant efforts to boost shareholders' value. However, high costs incurred remain a concern.
CNA Financial (CNA) Q1 results reflect unfavorable returns on alternative investments and equity holdings despite solid underwriting performance.
CNA today announced the appointment of Mahmood Khan as Senior Vice President & Chief Information Security Officer. In this role, Khan will drive information and cybersecurity strategy and operations to protect CNA's assets, data and reputation, and will report to Jane Possell, Chief Information Officer.
CNA Financial (CNA) delivered earnings and revenue surprises of -28.57% and -4.13%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
CNA Financial (CNA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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CNA Financial Corporation (NYSE: CNA) today announced a first quarter 2020 net loss of $61 million, or $(0.23) per share, and core income of $108 million, or $0.40 per share. Results for the quarter reflected financial market volatility amid the events of COVID-19. This included Net investment losses of $169 million and a decrease in Net investment income to $279 million, reflecting stable earnings from fixed income and other investments of $378 million offset by a $99 million loss from limited partnership and common stock investments during the period. Property & Casualty Operations combined ratio for the first quarter was 97.5% and the underlying combined ratio was 93.9%. The combined ratio includes charges of $15 million pretax associated with COVID-19.
Q1 2020 CNA Financial Corp Earnings Call
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CNA Financial Corporation (NYSE: CNA) will report first quarter 2020 results before the market opens on Monday, May 4, 2020. The news release, earnings presentation and financial supplement will be available on CNA's website at www.cna.com. A conference call for investors and analysts is scheduled for 10 a.m. ET and will be hosted by Dino E. Robusto, Chairman & Chief Executive Officer of CNA Financial Corporation.
To the annoyance of some shareholders, CNA Financial (NYSE:CNA) shares are down a considerable 30% in the last month...
Speaking today will be Dino Robusto, CNA's Chairman and Chief Executive Officer; and Al Miralles, CNA's Chief Financial Officer. This is a little more than a 0.5 point lower than both Q4 and the prior-year quarter and is largely due to stronger net earned premium.
CNA Canada Announces Senior Leadership Appointments
Moody's Investors Service ("Moody's") assigned an A3 rating to Loews Corporation's (Loews) proposed issuance of senior unsecured notes. Loews existing ratings, including its A3 senior unsecured rating, and stable outlook are not affected by this offering. "This notes offering will add additional cash liquidity to Loews, enhancing its financial flexibility to weather the challenges of the coronavirus induced economic recession," commented Pete Speer, Moody's Senior Vice President.
Global insurers are well capitalized to absorb the hit from rising claims and costs related to the COVID-19 pandemic, ratings agency AM Best said on Monday, citing a stress test it conducted to gauge the immediate impact of outbreak on insurers' financial strength. AM Best said most rated insurers and reinsurers performed well in its stress test and their capital levels provided an adequate buffer against a potential shock to their balance sheets. Sensitivity to the COVID-19 pandemic was greater for life and health insurers with high asset and mortality risks, insurers with material exposures to mortgage loans, carriers operating in domiciles in higher country-risk tiers and companies with smaller capital bases.