CNA Financial Corporation reports Q4, full-year results

CNA Financial Corporation has published its earnings report for 2023.

Here’s how the insurer fared in the fourth quarter and full 12 months of the past year:

“We ended the year strong, with core income up 37% to a record high of $362 million in the fourth quarter capping off a record level for the year of $1,284 million, a 54% increase driven by a 25% increase in pretax net investment income and record levels of underlying and all-in underwriting income,” Dino E. Robusto, CNA chair and chief executive, said in a release.

The CEO also noted: “In the quarter, renewal premium change was 5% in the aggregate across all operating segments and geographies. In commercial, renewal premium change was 9% in the quarter, consistent with the prior quarter, and excluding workers’ compensation, renewal premium change was 11% continuing to exceed our loss cost trends which remained stable in the quarter.

“We remain optimistic about our opportunities for this year given our broad-based profitability across our three operating segments and track record of double-digit growth levels in the last several years.”

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