CNA Financial (CNA) Tops Q2 EPS by 6c

CNA Financial (NYSE: CNA) reported Q2 EPS of $1.08, $0.06 better than the analyst estimate of $1.02. Revenue for the quarter came in at $2.63 billion versus the consensus estimate of $2.62 billion.

• Q2 NET INCOME OF $278M, $1.02 PER SHARE; ROE 9.5%
• Q2 CORE INCOME OF $294M, $1.08 PER SHARE; ROE 9.9%
• Q2 P&C UNDERLYING COMBINED RATIO OF 94.6% VS 95.3%
• Q2 P&C UNDERLYING LOSS RATIO OF 60.8% VS 61.4%
• U.S. P&C SEGMENTS NET WRITTEN PREMIUM GROWTH OF 8%
• QUARTERLY DIVIDEND OF $0.35 PER SHARE

"Our strong second quarter results reflect the underlying loss ratio improving to 60.8%, greater new business and higher rate increases broadly across the portfolio driving 6% growth in net written premium," said Dino E. Robusto, Chairman & Chief Executive Officer of CNA Financial Corporation. "Core income of $294 million in the quarter contributed to a 2019 first half result of $612 million, the highest in 12 years."

For earnings history and earnings-related data on CNA Financial (CNA) click here.

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