CNA Financial (CNA) Tops Q1 EPS by 8c

CNA Financial (NYSE: CNA) reported Q1 EPS of $1.17, $0.08 better than the analyst estimate of $1.09.

Property & Casualty Operations combined ratio for the first quarter was 97.8% and the underlying combined ratio was 94.9%. Net investment income, after tax, was $465 million for the first quarter of 2019, including $96 million from limited partnership and common stock investments.

The U.S. P&C segments generated gross written premium growth, excluding third party captives, of 5% and net written premium growth of 2%. Gross written premium decreased (5)% and net written premium decreased (12)% for the International segment.

Core income (loss) for our Life & Group and Corporate & Other segments was $10 million and $(6) million, respectively.

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

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