CNA Financial Corporation Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 05, 2024 at 08:36 am EST
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CNA Financial Corporation reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 3,507 million compared to USD 3,111 million a year ago. Net income was USD 367 million compared to USD 239 million a year ago. Diluted earnings per share from continuing operations was USD 1.35 compared to USD 0.87 a year ago.
For the full year, revenue was USD 13,299 million compared to USD 11,879 million a year ago. Net income was USD 1,205 million compared to USD 682 million a year ago. Diluted earnings per share from continuing operations was USD 4.43 compared to USD 2.51 a year ago.
CNA Financial Corporation is an insurance holding company. The Companyâs segments include Specialty, Commercial and International, and Life & Group and Corporate & Other. The Specialty segment offers management and professional liability and other coverages through property and casualty products and services using a network of brokers, independent agencies and managing general underwriters. The Commercial segment works with a network of brokers and independent agents to market a range of property and casualty insurance products to all types of insureds targeting small business, construction, middle markets and other commercial customers. The International segment underwrites property and casualty coverages on a global basis through a branch operation in Canada, a European business consisting of insurance companies based in the United Kingdom and Luxembourg and Hardy, its Lloyd's syndicate. The Life & Group segment includes the results of its long-term care business that is in run-off.