• NET INCOME OF $278M, $1.02 PER SHARE; ROE 9.5%
• CORE INCOME OF $294M, $1.08 PER SHARE; ROE 9.9%
• P&C COMBINED RATIO OF 94.6% VS 95.3%
• P&C UNDERLYING LOSS RATIO OF 60.8% VS 61.4% FULL YEAR 2018
• U.S. P&C SEGMENTS NET WRITTEN PREMIUM GROWTH OF 8%
• QUARTERLY DIVIDEND OF $0.35 PER SHARE
CHICAGO, August 5, 2019 --- CNA Financial Corporation (NYSE: CNA) today announced second quarter 2019 net income of $278 million, or $1.02 per share, and core income of $294 million, or $1.08 per share. Net income for the six months ended June 30, 2019 was $620 million, or $2.28 per share, and core income was $612 million, or $2.25 per share. Property & Casualty Operations combined ratio for the second quarter was 95.7% and the underlying combined ratio was 94.6%. Net investment income, after tax, was $420 million for the second quarter of 2019, including $34 million from limited partnership and common stock investments.
A conference call for investors and the professional investment community will be held at 9:00 a.m. (CT) today. Participants can access the call by dialling (800) 289-0571, or for international callers, +1 (720) 543-0206. The call will also be broadcast live on the internet and may be accessed from the Investor Relations page of the CNA website (www.cna.com). A presentation will be posted and available on the CNA website and will provide additional insight into the results.
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About CNA
CNA is one of the largest U.S. commercial property and casualty insurance companies. CNA provides a broad range of standard and specialized property and casualty insurance products and services for businesses and professionals in the U.S., Canada and Europe, backed by more than 120 years of experience and approximately $45 billion of assets. For more information, please visit CNA at www.cna.com.