CNA Financial (CNA) Tops Q4 EPS by 24c
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CNA Financial Announces Q4 2020 Net Income Of $1.42 Per Share And Core Income Of $1.23 Per Share; Full Year 2020 Net Income Of $2.53 Per Share And Core Income Of $2.70 Per Share
February 8, 2021 6:00 AM ESTCHICAGO, Feb. 8, 2021 /PRNewswire/ --
Fourth Quarter
Net income was $387 million versus $273 million in the prior year quarter; core income was a record $335 million versus $265 million in the prior year quarter. The P&C combined ratio was 93.5% compared with 95.6% in the prior year quarter, including 0.8 points of catastrophe loss impact compared with 2.9 points in the prior year quarter. No change to COVID-19 catastrophe loss estimate. The underlying combined ratio was 92.7% compared with 94.9% in the prior year quarter. The underlying loss ratio was 60.5% compared with 60.9% in the prior year... More