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CNA Financial Corp (CNA)

CNA on New York Consolidated

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22 Sep 2017
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Latest Key Developments (Source: Significant Developments)

CNA Financial prices $500 mln offering of senior notes
Monday, 7 Aug 2017 08:00pm EDT 

Aug 7 (Reuters) - CNA Financial Corp -:CNA Financial prices $500 million offering of senior notes.Says priced $500 million aggregate principal amount of 3.450% senior notes due August 15, 2027 in a public offering.Says notes are being offered to public at 99.773% of principal amount with a yield to maturity of 3.477%.  Full Article

CNA Financial rports Q2 earnings per share $1.00
Monday, 31 Jul 2017 06:00am EDT 

July 31 (Reuters) - CNA Financial Corp ::CNA Financial announces second quarter 2017 results.Q2 operating earnings per share $0.88.Q2 earnings per share $1.00.Q2 earnings per share view $0.75 -- Thomson Reuters I/B/E/S.Cna financial corp - property & casualty operations' combined ratio for q2 was 93.5pct.CNA Financial Corp says quarterly dividend increased 20pct to $0.30 per share.CNA Financial Corp - qtrly property and casualty operations’ net written premiums $1,702 million versus. $1,625 million.CNA Financial Corp - qtrly total life and group non-core total operating revenue $330 million versus. $327 million.CNA Financial Corp qtrly catastrophe losses were $24 million, after tax, as compared with $58 million, after tax, in prior year quarter.  Full Article

CNA Financial creates new affinity programs unit
Wednesday, 14 Jun 2017 09:22am EDT 

June 14 (Reuters) - CNA Financial Corp :CNA creates new affinity programs unit.New affinity programs unit will be led by John Brand, senior vice president, specialty underwriting.  Full Article

Insurer CNA Hardy to establish new European subsidiary in Luxembourg​
Tuesday, 6 Jun 2017 03:30am EDT 

June 6 (Reuters) - CNA Hardy:‍:Specialist commercial insurance provider for clients within Lloyd's and co markets to establish new European subsidiary in luxembourg​.Process of establishment is already underway and expected to be complete by early 2019.  Full Article

CNA Financial reports Q1 earnings per share $0.96
Monday, 1 May 2017 06:00am EDT 

May 1 (Reuters) - CNA Financial Corp : :CNA Financial announces first quarter 2017 results.Q1 operating earnings per share $0.87.Q1 earnings per share $0.96.CNA Financial Corp - qtrly property and casualty operations net written premiums $ 1,632 million versus $1,668 million.CNA Financial Corp qtrly property & casualty operations' net operating income was $268 million for Q1 2017 as compared with $207 million in prior year quarter.Qtrly book value per share $43.15 versus $44.25 at Q4 end.CNA Financial Corp qtrly total life and group non-core total operating revenue $ 331 million versus $318 million.Q1 earnings per share view $0.81 -- Thomson Reuters I/B/E/S.CNA Financial Corp - property & casualty operations' combined ratio for q1 was 97.2pct; 94.8pct excluding impact of small business premium adjustment.  Full Article

CNA appoints Nick Creatura as president, CEO for CNA Canada
Tuesday, 25 Apr 2017 09:30am EDT 

April 25 (Reuters) - CNA Financial Corp ::CNA announces new president and chief executive officer for CNA Canada.CNA Financial Corp - announced appointment of Nick Creatura to president and chief executive officer for CNA Canada.CNA Financial Corp - Creatura succeeds John Hennessy, former leader of CNA's Canadian operations, who recently moved to CNA's headquarters in Chicago.  Full Article

CNA Financial Corp Q4 operating earnings per share $0.82
Monday, 6 Feb 2017 06:00am EST 

CNA Financial Corp : CNA Financial announces fourth quarter 2016 results . Q4 earnings per share view $0.78 -- Thomson Reuters I/B/E/S . Q4 operating earnings per share $0.82 . Q4 earnings per share $0.89 . Declared a special dividend of $2.00 per share and a quarterly dividend of $0.25 per share . Says Property & Casualty Operations combined ratio for Q4 and full year was 99.9% and 95.9%, respectively. . Qtrly net written premiums $1,525 million versus $1,585 million . Says catastrophe losses for Q4 were $18 million . Catastrophe losses for Q4 were $18 million, after tax, as compared with $27 million, after tax, in prior year quarter . Catastrophe losses in Q4 of 2016 were primarily from U.S. weather-related events . Qtrly total Life and Group Non-Core total operating revenues $334 million versus $299 million .Book value per share excluding AOCI $44.89 for the quarter ended Dec, 2016.  Full Article

CNA Financial reports third quarter 2016 results
Monday, 31 Oct 2016 06:00am EDT 

Cna Financial Corp : CNA Financial Corp qtrly book value per share excluding AOCI $44.21 . CNA qtrly property and casualty operations net written premiums $1.62 billion versus $1.53 billion last year . CNA qtrly property & casualty combined ratio of 90.4 pct versus 85.7 pct last year . CNA qtrly catastrophe losses were $11 million, after tax, as compared with $10 million, after tax, in prior year quarter . CNA - "catastrophe losses in Q3 of 2016 resulted primarily from U.S. Weather-Related events" . CNA qtrly total life and group non-core operating revenue $322 million versus $318 million last year . CNA announces third quarter 2016 results . Q3 operating earnings per share $1.26 . Q3 earnings per share view $0.82 -- Thomson Reuters I/B/E/S .Q3 earnings per share $1.26.  Full Article

CNA Financial Corporation prices $400 million offering of senior notes
Friday, 19 Feb 2016 05:28pm EST 

CNA Financial Corporation:Has priced $400 million aggregate principal amount of 4.50% senior notes due March 1, 2026 in a public offering.Notes were offered to the public at 99.975% of the principal amount with a yield to maturity of 4.503%.Expects the offering to close on February 24.Intends to use all of the net proceeds from the offering, which are estimated to be approximately $398.6 million to redeem the $350 million outstanding aggregate principal balance of its 6.500% senior notes due August 15, 2016 as well as for general corporate purposes.  Full Article

CNA Financial Corporation appoints Dino Robusto as CEO
Monday, 16 Nov 2015 05:55am EST 

CNA Financial Corporation:Says appointment of Dino E. Robusto as its chairman and chief executive officer, effective on or about December 1, 2016.Robusto will succeed Thomas F. Motamed who has decided to retire at the end of 2016.Motamed will continue as chairman and chief executive officer until Robusto joins CNA.  Full Article

BRIEF-CNA Financial prices $500 mln offering of senior notes

* Says priced $500 million aggregate principal amount of 3.450% senior notes due August 15, 2027 in a public offering