CNA FINANCIAL CORP
For the period ended Dec 31, 2024. Filed Feb 11, 2025.
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FY2024 · Filed Feb 11, 2025
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Net Investment Gains (Losses)
Net Investment (Losses) Gains
The components of Net investment (losses) gains are presented in the following table.
| (In millions) | 2024 | 2023 |
|---|---|---|
| Fixed maturity securities: | ||
| Corporate bonds and other | $(57) | $(57) |
| States, municipalities and political subdivisions | 1 | 10 |
| Asset-backed | (46) | (44) |
| Total fixed maturity securities | (102) | (91) |
| Non-redeemable preferred stock | 21 | 4 |
| Derivatives, short-term and other | — | (1) |
| Mortgage loans | — | (11) |
| Net investment losses | (81) | (99) |
| Income tax benefit on net investment losses | 17 | 20 |
| Net investment losses, after tax | $(64) | $(79) |
Pretax net investment losses decreased $18 million for 2024 as compared with 2023 driven by the favorable change in fair value of non-redeemable preferred stock and lower net losses on disposals of fixed maturity securities, partially offset by higher impairment losses.
Further information on our investment gains and losses is set forth in Notes A and B to the Consolidated Financial Statements included under Item 8.
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