CNA Scores With Improved Q4 Results and Investments

February 11, 2020

Higher premiums, soaring investment results and fewer catastrophe losses helped CNA Financial Corp. produce solid net income to close out 2019.

CNA’s Q4 2019 net income reached $273 million, or $1 per share, versus an $84 million loss, or negative $0.31 per share in the 2018 fourth quarter.

Dino Robusto, CNA’s chairman and CEO, said that the results reflect both strong underwriting improvements and the benefits of premium increases.

“With fourth-quarter premium rates increasing to 7 percent and gross premiums increasing to 8 percent, CNA is well positioned going into 2020,” Robusto said.

Result highlights:

Source: CNA