CNA FINANCIAL CORP
For the period ended Nov 4, 2024. Filed Nov 4, 2024.
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Nov 4, 2024 · Filed Nov 4, 2024
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CNA$47.32-1.7%Stored close · as of Nov 6, 2026
Contents
EX-99.2 · Internationa
International - Results of Operations
| Periods ended September 30 · Three Months · Nine Months | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (In millions) · 2024 · 2023 · Change · 2024 · 2023 · Change | |||||||||||||
| Gross written premiums | $305 | $306 | — | % | $1,096 | $1,125 | (3) | % | |||||
| Net written premiums | 277 | 282 | (2) | 896 | 912 | (2) | |||||||
| Net earned premiums | 311 | 296 | 5 | 937 | 888 | 6 | |||||||
| Insurance claims and policyholders' benefits | 195 | 178 | 568 | 552 | |||||||||
| Amortization of deferred acquisition costs | 60 | 63 | 182 | 168 | |||||||||
| Other insurance related expenses | 44 | 20 | 129 | 102 | |||||||||
| Underwriting gain (loss) | 12 | 35 | (66) | 58 | 66 | (12) | |||||||
| Net investment income | 32 | 26 | 23 | 95 | 74 | 28 | |||||||
| Other revenues | — | (1) | — | — | |||||||||
| Other expenses | (8) | 6 | (5) | 2 | |||||||||
| Core income (loss) before income tax | 52 | 54 | 158 | 138 | |||||||||
| Income tax (expense) benefit on core income (loss) | (16) | (14) | (41) | (36) | |||||||||
| Core income (loss) | $36 | $40 | (10) | % | $117 | $102 | 15 | % | |||||
| Other Performance Metrics | |||||||||||||
| Underwriting gain (loss) | $12 | $35 | (66) | % | $58 | $66 | (12) | % | |||||
| Effect of catastrophe losses | 16 | 7 | 28 | 24 | |||||||||
| Effect of (favorable) unfavorable development-related items | (2) | — | (5) | 15 | |||||||||
| Underlying underwriting gain (loss) | $26 | $42 | (38) | % | $81 | $105 | (23) | % | |||||
| Loss & LAE ratio | 62.5 | % | 60.2 | % | (2.3) | pts | 60.6 | % | 62.2 | % | 1.6 | pts | |
| Expense ratio | 33.6 | 28.1 | (5.5) | 33.1 | 30.3 | (2.8) | |||||||
| Dividend ratio | — | — | — | — | — | — | |||||||
| Combined ratio | 96.1 | % | 88.3 | % | (7.8) | pts | 93.7 | % | 92.5 | % | (1.2) | pts | |
| Effect of catastrophe impacts | (5.1) | (2.3) | 2.8 | (3.0) | (2.7) | 0.3 | |||||||
| Effect of development-related items | 0.7 | — | (0.7) | 0.5 | (1.7) | (2.2) | |||||||
| Underlying combined ratio | 91.7 | % | 86.0 | % | (5.7) | pts | 91.2 | % | 88.1 | % | (3.1) | pts | |
| Rate | (2) | % | 2 | % | (4) | pts | — | % | 4 | % | (4) | pts | |
| Renewal premium change | 1 | % | 7 | % | (6) | pts | 2 | % | 7 | % | (5) | pts | |
| Retention | 82 | % | 84 | % | (2) | pts | 81 | % | 83 | % | (2) | pts | |
| New business | $73 | $62 | 18 | % | $213 | $239 | (11) | % | |||||
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