CNA FINANCIAL (CNA) Company Report

CNA reported a record core income of $409 million for Q3 2025, representing a 40% increase from the prior year quarter, and a net income of $403 million, up 42%. Year-to-date core income also reached a record $1,025 million, up 5%.
The Property & Casualty (P&C) segment's core income was $456 million, driven by lower catastrophe losses, improved underlying underwriting results, and higher net investment income. The P&C combined ratio improved to 92.8% in Q3 2025, compared with 97.2% in the prior year quarter, with catastrophe losses decreasing to $41 million pretax from $143 million.
Book value per share excluding AOCI reached $46.30 as of September 30, 2025, an 8% increase from year-end 2024 after adjusting for $3.38 of dividends per share paid.
The Board of Directors declared a regular quarterly cash dividend of $0.46 per share. The company also completed a $500 million debt issuance in Q3 2025.

Nov 3, 2025, 12:00 PM

CNA Financial Reports Record Q3 2025 Core Income and Announces CEO Appointment to Chairman

CNA

Earnings

Dividends

Management Change

CNA Financial reported a record core income of $409 million and net income of $403 million for Q3 2025, marking increases of 40% and 42% respectively, compared to the prior year quarter. Diluted core income per share was $1.50.
The Property & Casualty segments delivered strong underwriting results with a combined ratio of 92.8% in Q3 2025, an improvement from 97.2% in the prior year quarter, largely due to lower catastrophe losses of $41 million.
The company's Board of Directors declared a regular quarterly cash dividend of $0.46 per share.
Douglas M. Worman, President and Chief Executive Officer, has also been appointed Chairman of the Board, effective January 1, 2026.

Nov 3, 2025, 11:21 AM

CNA Financial Reports Record Q3 2025 Core Income and Board Appointment

CNA

Earnings

Dividends

Board Change

CNA Financial reported record core income of $409 million, or $1.50 per share, for the third quarter of 2025, an increase from $293 million, or $1.08 per share, in the prior year quarter. Year-to-date core income also reached a record $1,025 million.
The Property & Casualty (P&C) segments achieved core income of $456 million in Q3 2025, up from $346 million in the prior year quarter, with the P&C combined ratio improving to 92.8% from 97.2%. Catastrophe losses were significantly lower at $41 million compared to $143 million in the prior year quarter.
Net investment income for Q3 2025 increased by 2% to $638 million pretax, primarily driven by a $21 million increase from fixed income securities and other investments.
Book value per share excluding AOCI was $46.30, representing an 8% increase from year-end 2024 after adjusting for $3.38 of dividends per share paid. The company's Board of Directors declared a regular quarterly cash dividend of $0.46 per share.
Douglas M. Worman has been appointed Chairman of the Board, effective January 1, 2026, in addition to his current responsibilities as President & Chief Executive Officer.