CNA Financial Corporation (CNA)

LOEWS CORPORATION REPORTS NET INCOME OF $337 MILLION FOR THE FIRST QUARTER OF 2026May 4, 2026 6:00 AM
PR Newswire (US)

NEW YORK, May 4, 2026 /PRNewswire/ -- Loews Corporation (NYSE: L) today released its first quarter 2026 financial results.First Quarter 2026 highlights:
Loews Corporation reported net income of $337 million, or $1.63 per share, in the first quarter of 2026, compared to $370 million, or $1.74 per share, in the first quarter of 2025. The following are key highlights of our first quarter results:CNA Financial Corporation's (NYSE: CNA) net income attributable to Loews Corporation decreased year-over-year primarily due to lower underlying underwriting results and unfavorable net prior year loss reserve development, partially offset by higher net investment income.Boardwalk Pipelines' net income increased year-over-year primarily due to higher contracting rates and utilization-based revenues on gas transportation, as well as higher rates on storage, parking and lending.Loews Hotels' net income increased year-over-year primarily due to higher equity income from joint ventures, driven mainly by the Universal Orlando Resort joint ventures.Corporate segment results decreased year-over-year primarily due to lower investment income from the parent company trading portfolio and higher interest expense.Book value per share increased to $90.90 as of March 31, 2026, from $90.71 as of December 31, 2025.Book value per share, excluding AOCI, increased to $97.20 as of March 31, 2026, from $95.89 as of December 31, 2025.On March 31, 2026, the parent company had $4.5 billion of cash and investments and $1.8 billion of debt.Loews Corporation repurchased 0.3 million shares of its common stock during the first quarter of 2026 for a total cost of $31 million.Consolidated highlights:
Three Months Ended March 31,(In millions)20262025Net Income (Loss) Attributable to Loews Corporation:

CNA Financial$              194$              252Boardwalk Pipelines159152Loews Hotels & Co26—Corporate(42)(34)Net income attributable to Loews Corporation$              337$              370Net income per share attributable to Loews Corporation$             1.63$             1.74

March 31, 2026
December 31, 2025



Book value per share$                     90.90
$                     90.71Book value per share excluding AOCI$                     97.20
$                     95.89Shares of common stock outstanding (in millions)205.8
206.0Three months ended March 31, 2026 compared to 2025CNA:Net income attributable to Loews Corporation was $194 million compared to $252 million.Core income decreased to $225 million compared to $281 million, driven by lower underlying underwriting results and unfavorable net prior year loss reserve development, partially offset by higher net investment income.Net earned premiums grew by 3% and net written premiums grew by 1%.Property and Casualty's combined ratio increased by 3.8 points to 102.2% compared to 98.4% largely due to a higher underlying loss ratio and unfavorable net prior year loss reserve development. Property and Casualty's underlying combined ratio increased to 94.5% from 92.1%.Property and Casualty's underlying loss ratio increased by 2.6 points, mainly driven by higher loss cost trends and lower than expected rate in certain lines in recent quarters.Property and Casualty's unfavorable net prior year loss reserve development increased from $61 million to $100 million mainly driven by professional errors & omissions and excess casualty in recent accident years.Net investment income increased due to higher income from fixed income securities, as a result of a larger invested asset base and favorable reinvestment rates, partially offset by lower common stock returns.Boardwalk:Net income increased to $159 million compared to $152 million.EBITDA increased to $360 million compared to $346 million.Net income and EBITDA improved due to higher contracting rates and utilization-based revenues on gas transportation as well as higher rates on storage, parking and lending, partially offset by lower product sales and higher operating expenses.Loews Hotels:Net income increased to $26 million compared to less than $1 million.Adjusted EBITDA increased 53% to $124 million compared to $81 million.Net income and adjusted EBITDA improved primarily due to higher equity income from joint ventures driven by growth in the overall average daily rate and an increase in both the number of available and the number of occupied room nights at the Universal Orlando Resort, including the addition of the three new hotels that opened in 2025.Corporate:Net loss of $42 million compared to a net loss of $34 million.Results decreased primarily due to lower investment income from the parent company trading portfolio and higher interest expense related to recent debt refinancing.Share Purchases:On March 31, 2026, there were 205.8 million shares of Loews common stock outstanding.During the three months ended March 31, 2026, Loews Corporation repurchased 0.3 million shares of its common stock for a total cost of $31 million.Depending on market conditions, Loews may from time to time purchase shares of its and its subsidiaries' outstanding common stock in the open market (including, with respect to Loews common stock, in open market transactions that may or may not satisfy all of the conditions of the Rule 10b-18 voluntary safe harbor), in privately negotiated transactions or otherwise.Reconciliation of GAAP Measures to Non-GAAP MeasuresThis news release contains financial measures that are not in accordance with accounting principles generally accepted in the United States of America ("GAAP"). Management believes some investors may find these measures useful to evaluate our and our subsidiaries' financial performance. CNA utilizes core income, underlying loss ratio and underlying combined ratio. Boardwalk utilizes earnings before interest, income tax expense, depreciation and amortization ("EBITDA"), and Loews Hotels utilizes Adjusted EBITDA. These non-GAAP measures are defined and reconciled to the most comparable GAAP measures on pages 6 and 7 of this release.Earnings RemarksFor Loews CorporationToday, May 4, 2026, earnings remarks will be available on the Investors section of our website at www.loews.com. Remarks will include commentary from Loews's president and chief executive officer and chief financial officer.For CNAToday, May 4, 2026, earnings remarks will be available on the Investor Relations section of CNA's website at www.cna.com. Remarks will include commentary from CNA's president and chief executive officer and chief financial officer.About Loews Corporation Loews Corporation is a diversified company with businesses in the insurance, energy, hospitality and packaging industries. For more information, please visit www.loews.com. Forward-Looking StatementsStatements contained in this news release which are not historical facts are "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements are inherently uncertain and subject to a variety of risks that could cause actual results to differ materially from those expected by the Company. A discussion of the important risk factors and other considerations that could materially impact these matters, as well as the Company's overall business and financial performance, can be found in the Company's reports filed with the Securities and Exchange Commission and readers of this release are urged to review those reports carefully when considering these forward-looking statements. Copies of these reports are available through the Company's website (www.loews.com). Given these risk factors, investors and analysts should not place undue reliance on forward-looking statements. Any such forward-looking statements speak only as of the date of this news release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any forward-looking statement is based.Loews Corporation and SubsidiariesSelected Financial Information 
Three Months Ended March 31,(In millions)20262025Revenues:

CNA Financial (a)$           3,677$           3,627Boardwalk Pipelines631622Loews Hotels & Co254245Corporate investment income (loss), net and other(7)—Total$           4,555$           4,494Income (Loss) Before Income Tax:

CNA Financial (a)$              267$              349Boardwalk Pipelines211202Loews Hotels & Co374Corporate:

Investment income (loss), net(4)—Other (b)(48)(41)Total$              463$              514Net Income (Loss) Attributable to Loews Corporation:

CNA Financial (a)$              194$              252Boardwalk Pipelines159152Loews Hotels & Co26—Corporate:

Investment income (loss), net(3)—Other (b)(39)(34)Net income attributable to Loews Corporation$              337$              370

(a) The three months ended March 31, 2026 and 2025 include net investment losses of $18 million and $9 million ($13 million and $6 million after tax and noncontrolling interests).(b) Consists of parent company interest expense, corporate expenses and the equity income (loss) of Altium Packaging. Loews Corporation and SubsidiariesConsolidated Financial Review 
Three Months Ended March 31,(In millions, except per share data)20262025Revenues:

Insurance premiums$           2,699$           2,626Net investment income613608Investment losses(18)(9)Operating revenues and other1,2611,269Total4,5554,494


Expenses:

Insurance claims and policyholders' benefits2,1752,027Operating expenses and other1,9171,953Total4,0923,980


Income before income tax463514Income tax expense(109)(122)Net income354392Amounts attributable to noncontrolling interests(17)(22)Net income attributable to Loews Corporation$              337$              370


Net income per share attributable to Loews Corporation$             1.63$             1.74


Weighted average number of shares206.27212.60Definitions of Non-GAAP Measures and Reconciliation of GAAP Measures to Non-GAAP Measures:CNA Financial CorporationCore income is calculated by excluding from CNA's net income attributable to Loews Corporation the after-tax effects of investment gains or losses and gains or losses resulting from pension settlement transactions. In addition, core income excludes the effects of noncontrolling interests. The calculation of core income excludes investment gains or losses because they are generally driven by economic factors that are not necessarily reflective of CNA's primary insurance operations. The calculation of core income excludes gains or losses resulting from pension settlement transactions as they result from decisions regarding CNA's defined benefit pension plans which are unrelated to its primary insurance operations.The following table presents a reconciliation of CNA net income attributable to Loews Corporation to core income:
Three Months Ended March 31,(In millions)20262025CNA net income attributable to Loews Corporation$              194$              252Investment losses147Noncontrolling interests1722Core income$              225$              281In evaluating the results of Property & Casualty operations, CNA utilizes the loss ratio, the underlying loss ratio, the expense ratio, the dividend ratio, the combined ratio and the underlying combined ratio. These ratios are calculated using GAAP financial results. The loss ratio is the percentage of net incurred claim and claim adjustment expenses to net earned premiums. The underlying loss ratio excludes the impact of catastrophe-related reinstatement premiums, catastrophe losses and development-related items from the loss ratio. Development-related items represent net prior year loss reserve and premium development, and includes the effects of interest accretion and change in allowance for uncollectible reinsurance. The expense ratio is the percentage of insurance underwriting and acquisition expenses, including the amortization of deferred acquisition costs, to net earned premiums. The dividend ratio is the ratio of policyholders' dividends incurred to net earned premiums. The combined ratio is the sum of the loss ratio, the expense ratio and the dividend ratio. The underlying combined ratio is the sum of the underlying loss ratio, the expense ratio and the dividend ratio. The underlying loss ratio and the underlying combined ratio are deemed to be non-GAAP financial measures, and management believes some investors may find these ratios useful to evaluate CNA's underwriting performance since they remove the impact of catastrophe losses which are unpredictable as to timing and amount, and development-related items as they are not indicative of current year underwriting performance.The following table presents a reconciliation of CNA's loss ratio to underlying loss ratio and CNA's combined ratio to underlying combined ratio:
Three Months Ended March 31,
20262025Loss ratio71.8 %67.8 %Expense ratio29.930.2Dividend ratio0.50.4Combined ratio102.2 %98.4 %Less: Effect of catastrophe impacts3.63.8Less: Effect of development-related items4.12.5Underlying combined ratio94.5 %92.1 %Underlying loss ratio64.1 %61.5 %Boardwalk PipelinesEBITDA is defined as earnings before interest, income tax expense, depreciation and amortization. The following table presents a reconciliation of Boardwalk's net income attributable to Loews Corporation to its EBITDA:
Three Months Ended March 31,(In millions)20262025Boardwalk net income attributable to Loews Corporation$              159$              152Interest, net3838Income tax expense5250Depreciation and amortization111106EBITDA$              360$              346Loews Hotels & CoAdjusted EBITDA is calculated by excluding from Loews Hotels & Co's EBITDA, the noncontrolling interest share of EBITDA adjustments, gains or losses on asset acquisitions and dispositions, asset impairments, and equity method income, and including Loews Hotels & Co's pro rata Adjusted EBITDA of equity method investments. Pro rata Adjusted EBITDA of equity method investments is calculated by applying Loews Hotels & Co's ownership percentage to the underlying equity method investment's components of Adjusted EBITDA and excluding distributions in excess of basis.The following table presents a reconciliation of Loews Hotels & Co net income attributable to Loews Corporation to its Adjusted EBITDA:
Three Months Ended March 31,(In millions)20262025Loews Hotels & Co net income attributable to Loews Corporation$               26$                —Interest, net1213Income tax expense114Depreciation and amortization2624EBITDA7541Noncontrolling interest share of EBITDA adjustments
(1)Asset impairments9
Equity investment adjustments:

Loews Hotels & Co's equity method income(44)(6)Pro rata Adjusted EBITDA of equity method investments8346Consolidation adjustments11Adjusted EBITDA$              124$               81The following table presents a reconciliation of Loews Hotels & Co's equity method income to the Pro rata Adjusted EBITDA of its equity method investments:
Three Months Ended March 31,(In millions)20262025Loews Hotels & Co's equity method income$               44$                 6Pro rata share of equity method investments:

Interest, net1710Income tax expense

Depreciation and amortization1713Asset impairments
9Distributions in excess of basis79Other adjustments(2)(1)Pro rata Adjusted EBITDA of equity method investments$               83$               46 



View original content:https://www.prnewswire.com/news-releases/loews-corporation-reports-net-income-of-337-million-for-the-first-quarter-of-2026-302760239.htmlSOURCE Loews Corporation

Original: LOEWS CORPORATION REPORTS NET INCOME OF $337 MILLION FOR THE FIRST QUARTER OF 2026

CNA FINANCIAL ANNOUNCES FIRST QUARTER 2026 NET INCOME OF $0.78 PER SHARE AND CORE INCOME OF $0.83 PER SHAREMay 4, 2026 6:00 AM
PR Newswire (US)

Net income of $211 million versus $274 million in the prior year quarter; core income of $225 million versus $281 million in the prior year quarter.P&C core income of $248 million versus $311 million, reflects lower underlying underwriting results and unfavorable prior period development partially offset by higher net investment income.Life & Group core loss of $9 million versus core income of $6 million in the prior year quarter.Corporate & Other core loss of $14 million versus $36 million in the prior year quarter.Net investment income of $610 million, reflects an $18 million increase from fixed income securities and other investments to $568 million and a $12 million decrease from limited partnerships and common stock to $42 million.P&C combined ratio of 102.2%, compared with 98.4% in the prior year quarter, including a 3.6 point impact related to catastrophes compared with 3.8 points in the prior year quarter. The current year quarter also includes an unfavorable impact of 4.1 points from net prior period development driven by excess casualty and professional E&O lines in recent accident years, compared to 2.5 points in the prior year quarter.Catastrophe impacts of $97 million pretax in both the current and prior year quarters.P&C underlying combined ratio was 94.5%, compared with 92.1% in the prior year quarter. P&C underlying loss ratio was 64.1% and the expense ratio was 29.9%.P&C segments generated net written premium growth of 1% in the quarter. P&C renewal premium change of +3%, with written rate of +2%.Book value per share of $40.13; book value per share excluding AOCI of $45.12, a 1% increase from year-end 2025 adjusting for $2.48 of dividends per share paid.Board of Directors declares regular quarterly cash dividend of $0.48 per share.CHICAGO, May 4, 2026 /PRNewswire/ -- CNA Financial Corporation (NYSE: CNA) today announced first quarter 2026 net income of $211 million, or $0.78 per share, versus $274 million, or $1.00 per share, in the prior year quarter. Net investment losses for the quarter were $14 million compared to $7 million in the prior year quarter. Core income for the quarter was $225 million, or $0.83 per share, versus $281 million, or $1.03 per share, in the prior year quarter.Our Property & Casualty segments delivered core income of $248 million for the first quarter of 2026, a decrease of $63 million compared to the prior year quarter reflecting lower underlying underwriting results and unfavorable prior period development partially offset by higher net investment income. P&C segments generated net written premium growth of 1%.Our Life & Group segment produced a core loss of $9 million for the first quarter of 2026 versus core income of $6 million in the prior year quarter.Our Corporate & Other segment reported a core loss of $14 million for the first quarter of 2026 versus $36 million in the prior year quarter.CNA Financial declared a quarterly cash dividend of $0.48 per share, payable June 4, 2026 to stockholders of record on May 18, 2026.
Results for the Three Months Ended March 31($ millions, except per share data)2026
2025Net income$             211
$             274Core income (a)225
281



Net income per diluted share$             0.78
$             1.00Core income per diluted share0.83
1.03
March 31, 2026
December 31, 2025Book value per share$40.13
$42.93Book value per share excluding AOCI
45.12

46.99(a)Management utilizes the core income (loss) financial measure to monitor the Company's operations. Please refer herein to the Reconciliation of GAAP Measures to Non-GAAP Measures section of this press release for further discussion of this non-GAAP measure."In the first quarter we achieved $225 million of core income buoyed by strong investment income and reinforcing our unwavering focus on underwriting discipline. The fundamentals of our business remain strong as we execute deliberate strategies to optimize our portfolio at a time when the industry is experiencing pressure on growth, rate and loss cost trends.The P&C all-in combined ratio was 102.2% in the quarter and included 3.6 points of catastrophe impact and 4.1 points of prior period development. We took decisive action this quarter to add additional prudence to P&C reserves in recent accident years on excess casualty in Commercial and professional E&O in Specialty, which we view as fundamentally appropriate given the current environment. Our underlying loss ratio of 64.1% also reflects this additional level of prudence, and our underlying combined ratio was 94.5%.Net written premiums grew 1% in the quarter, new business grew 3% to $581 million and retention was 83%. We grew certain pockets of our portfolio that offer accretive returns and held the line in other areas we felt the market is not supporting an acceptable level of return.Rate increase was 2% while renewal premium change was up 3% reflecting significant differentiation by business unit and class. For example, we continue to achieve double-digit rate increase in social inflation impacted classes of business, while national accounts property was down double-digit due to the competitive environment in that space.Looking ahead to the rest of the year, we will continue to operate with confidence and prioritize underwriting discipline. We remain committed to executing in the marketplace as we implement specialized underwriting strategies to achieve profitable growth while maintaining the strength of our balance sheet in the current environment," said Douglas M. Worman, Chairman & Chief Executive Officer of CNA Financial Corporation.Property & Casualty Operations

Results for the Three Months
Ended March 31($ millions)2026
2025Net written premiums$      2,622

$       2,606
NWP change (% year over year)1%


Net earned premiums$      2,598

$       2,520
NEP change (% year over year)3%


Underwriting (loss) gain$          (59)

$            40
Net investment income$         375

$          362
Core income$         248

$          311






Loss ratio71.8%
67.8%Less: Effect of catastrophe impacts3.6

3.8
Less: Effect of unfavorable development-related items4.1

2.5
Underlying loss ratio64.1%
61.5%





Expense ratio29.9%
30.2%





Combined ratio102.2%
98.4%Underlying combined ratio94.5%
92.1%The underlying combined ratio increased 2.4 points as compared with the prior year quarter, primarily the result of a 2.6 point increase in the underlying loss ratio to 64.1%, with increases across each segment. The expense ratio improved 0.3 points compared with the prior year quarter.The combined ratio increased 3.8 points as compared with the prior year quarter. Unfavorable net prior period development in the Specialty and Commercial segments increased the loss ratio by 4.1 points in the current quarter compared to 2.5 points in the prior year quarter. Catastrophe impacts were $97 million in the quarter, inclusive of $9 million of catastrophe-related reinsurance reinstatement premiums, compared with $97 million for the prior year quarter. The effect of catastrophe impacts on the loss ratio was 3.6 points in the quarter compared with 3.8 points for the prior year quarter.Business Operating Highlights
Specialty

Results for the Three Months
Ended March 31($ millions)2026
2025Net written premiums$         834

$         842
NWP change (% year over year)(1)%


Net earned premiums$         852

$         830
NEP change (% year over year)3%








Underwriting (loss) gain$          (24)

$           42






Loss ratio68.7%
61.4%Less: Effect of catastrophe impacts—

—
Less: Effect of unfavorable development-related items5.9

1.3
Underlying loss ratio62.8%
60.1%





Expense ratio33.6%
33.4%





Combined ratio102.7%
95.1%Underlying combined ratio96.8%
93.8%The underlying combined ratio increased 3.0 points as compared with the prior year quarter. The underlying loss ratio increased 2.7 points as compared with the prior year quarter reflecting loss cost trends exceeding rate for certain lines in recent quarters. The expense ratio increased 0.2 points as compared with the prior year quarter.The combined ratio increased 7.6 points as compared with the prior year quarter. Unfavorable net prior period development, driven by professional errors & omissions (E&O) business in recent accident years, increased the loss ratio by 5.9 points in the current quarter as compared with 1.3 points in the prior year quarter.Commercial


Results for the Three Months
Ended March 31($ millions)2026
2025Net written premiums$       1,480

$       1,498
NWP change (% year over year)(1)%


Net earned premiums$       1,412

$       1,380
NEP change (% year over year)2%








Underwriting loss$          (49)

$          (17)






Loss ratio76.2%
73.0%Less: Effect of catastrophe impacts6.4

6.3
Less: Effect of unfavorable development-related items4.0

3.8
Underlying loss ratio65.8%
62.9%





Expense ratio26.7%
27.6%





Combined ratio103.5%
101.1%Underlying combined ratio93.1%
91.0%The underlying combined ratio increased 2.1 points as compared with the prior year quarter. The underlying loss ratio increased 2.9 points compared with the prior year quarter as a result of increases in excess casualty and workers' compensation. The expense ratio improved 0.9 points primarily due to a favorable acquisition ratio.The combined ratio increased 2.4 points as compared with the prior year quarter. Unfavorable net prior period development, driven by excess casualty in recent accident years, increased the loss ratio by 4.0 points in the current quarter compared with 3.8 points in the prior year quarter. Catastrophe impacts were $93 million in the quarter, inclusive of $9 million of catastrophe-related reinsurance reinstatement premiums, compared with $86 million for the prior year quarter. The effect of catastrophe impacts on the loss ratio was 6.4 points in the quarter compared with 6.3 points for the prior year quarter.International


Results for the Three Months
Ended March 31($ millions)2026
2025Net written premiums$         308

$         266
NWP change (% year over year)16%


Net earned premiums$         334

$         310
NEP change (% year over year)8%








Underwriting gain$           14

$           15






Loss ratio61.0%
62.1%Less: Effect of catastrophe impacts1.2

3.6
Less: Effect of (favorable) unfavorable development-related items—

—
Underlying loss ratio59.8%
58.5%





Expense ratio34.9%
33.3%





Combined ratio95.9%
95.4%Underlying combined ratio94.7%
91.8%The underlying combined ratio increased 2.9 points as compared with the prior year quarter. The expense ratio increased 1.6 points attributed to higher employee related costs and acquisition costs partially offset by net earned premium growth of 8%. The underlying loss ratio increased 1.3 points as compared with the prior year quarter driven by continued pricing pressure.The combined ratio increased 0.5 points as compared with the prior year quarter. Catastrophe losses were $4 million, or 1.2 points of the loss ratio in the quarter compared with $11 million or 3.6 points of the loss ratio, for the prior year quarter.Excluding currency fluctuations, net written premiums grew 7% for the first quarter of 2026.Life & Group


Results for the Three Months
Ended March 31($ millions)2026
2025Net earned premiums$        103

$        106
Claims, benefits and expenses344

330






Net investment income$        224

$        226
Core (loss) income$           (9)

$            6
Core results decreased $15 million for the first quarter of 2026 as compared with the prior year quarter. Results for the current year quarter reflect unfavorable morbidity partially offset by favorable persistency. Results for the prior year quarter reflected favorable persistency.Corporate & Other


Results for the Three Months
Ended March 31($ millions)2026
2025Insurance claims and policyholders' benefits$          (17)

$            9
Interest expense33

32
Net investment income11

16
Core loss(14)

(36)
Core loss improved $22 million for the first quarter of 2026 as compared with the prior year quarter. There was no prior period development in the current year quarter compared to a $17 million after-tax charge in the prior year quarter related to unfavorable prior period development associated with legacy mass tort.Net Investment Income


Results for the Three Months
Ended March 31
2026
2025Fixed income securities and other$         568

$         550
Limited partnership and common stock investments42

54
Net investment income$         610

$         604
Net investment income increased $6 million for the first quarter of 2026. The increase was driven by higher income from fixed income securities as a result of a larger invested asset base and favorable reinvestment rates partially offset by lower common stock returns.Stockholders' EquityStockholders' equity of $10.9 billion decreased 7% from year-end 2025, primarily due to dividends paid to stockholders and an increase in net unrealized investment losses partially offset by net income.Book value per share ex AOCI of $45.12 increased 1% from year-end 2025 adjusting for $2.48 of dividends per share.As of March 31, 2026, statutory capital and surplus for the Combined Continental Casualty Companies was $11.1 billion.About the CompanyCNA is one of the largest U.S. commercial property and casualty insurance companies. Backed by more than 125 years of experience, CNA provides a broad range of standard and specialized insurance products and services for businesses and professionals in the U.S., Canada and Europe. For more information, please visit CNA at cna.com.ContactsMedia:
Analysts:Kelly Messina | Vice President, Marketing
Ralitza K. Todorova | Vice President,
Investor Relations & Rating Agencies872-817-0350
312-822-3834Earnings Remarks & MaterialsA transcript of earnings remarks will be available on CNA's website at cna.com via the Investor Relations section. Remarks will include commentary from the Company's Chairman and Chief Executive Officer, Douglas M. Worman, and Chief Financial Officer, Scott R. Lindquist. An earnings presentation and financial supplement information related to the results will also be posted and available on the CNA website.Definition of Reported SegmentsSpecialty provides management and professional liability and other coverages through property and casualty products and services using a network of retail and wholesale brokers, independent agencies and managing general underwriters.Commercial works with a network of retail and wholesale brokers and independent agents to market a broad range of property and casualty insurance products to all types of insureds targeting small business, construction, middle market and other commercial customers.International underwrites property and casualty coverages on a global basis through a branch operation in Canada, a European business consisting of insurance companies based in the U.K. and Luxembourg and Hardy, our Lloyd's Syndicate.Life & Group includes the individual and group run-off long-term care businesses as well as structured settlement obligations not funded by annuities related to certain property and casualty claimants.Corporate & Other primarily includes certain corporate expenses, including interest on corporate debt, and the results of certain property and casualty business in run-off, including asbestos and environmental pollution (A&EP), a legacy portfolio of excess workers' compensation (EWC) policies and legacy mass tort reserves.Financial MeasuresManagement utilizes the following metrics in their evaluation of the Property & Casualty Operations.These ratios are calculated using financial results prepared in accordance with accounting principles generally accepted in the United States of America (GAAP).Loss ratio is the percentage of net incurred claim and claim adjustment expenses to net earned premiums.Underlying loss ratio represents the loss ratio excluding catastrophe-related reinstatement premiums, catastrophe losses and development-related items.Expense ratio is the percentage of insurance underwriting and acquisition expenses, including the amortization of deferred acquisition costs, to net earned premiums.Dividend ratio is the ratio of policyholders' dividends incurred to net earned premiums.Combined ratio is the sum of the loss ratio, the expense and the dividend ratio.Underlying combined ratio is the sum of the underlying loss ratio, the expense ratio and the dividend ratio.The underlying loss ratio and the underlying combined ratio are deemed to be non-GAAP financial measures, and management believes some investors may find these ratios useful to evaluate our underwriting performance since they remove the impact of catastrophes, which are unpredictable as to timing and amount, and development-related items as they are not indicative of our current year underwriting performance. The components to reconcile the combined ratio and loss ratio to the underlying combined ratio and underlying loss ratio for Property & Casualty, Specialty, Commercial and International segments are set forth on pages 3, 4, 5 and 6, respectively.Renewal premium change represents the estimated change in average premium on policies that renew, including rate and exposure changes.Rate represents the average change in price on policies that renew excluding exposure change.Exposure represents the measure of risk used in the pricing of the insurance product. The change in exposure represents the change in premium dollars on policies that renew as a result of the change in risk of the policy.Retention represents the percentage of premium dollars renewed, excluding rate and exposure changes, in comparison to the expiring premium dollars from policies available to renew.New business represents premiums from policies written with new customers and additional policies written with existing customers.Development-related items represents net prior year loss reserve and premium development, and includes the effects of interest accretion and change in allowance for uncollectible reinsurance.Statutory capital and surplus represents the excess of an insurance company's admitted assets over its liabilities, including loss reserves, as determined in accordance with statutory accounting practices. Statutory capital and surplus as of the current period is preliminary.The Company's investment portfolio is monitored by management through analysis of various factors including unrealized gains and losses on securities, portfolio duration and exposure to market and credit risk.Reconciliation of GAAP Measures to Non-GAAP MeasuresManagement utilizes financial measures not in accordance with GAAP to monitor the Company's insurance operations and investment portfolio. The Company believes the presentation of these measures provides investors with a better understanding of the significant factors that comprise the Company's operating performance. Reconciliations of these measures to the most comparable GAAP measures follow below.Reconciliation of Net Income (Loss) to Core Income (Loss)Core income (loss) is calculated by excluding from net income (loss) the after-tax effects of net investment gains or losses and gains or losses resulting from pension settlement transactions. Net investment gains or losses are excluded from the calculation of core income (loss) because they are generally driven by economic factors that are not necessarily reflective of our primary operations. The calculation of core income (loss) excludes gains or losses resulting from pension settlement transactions as they result from decisions regarding our defined benefit pension plans which are unrelated to our primary operations. Management monitors core income (loss) for each business segment to assess segment performance. Presentation of consolidated core income (loss) is deemed to be a non-GAAP financial measure.
Results for the Three Months
Ended March 31($ millions)2026
2025Net income$            211
$            274Less: Net investment losses(14)
(7)Core income$            225
$            281Reconciliation of Net Income (Loss) per Diluted Share to Core Income (Loss) per Diluted ShareCore income (loss) per diluted share provides management and investors with a valuable measure of the Company's operating performance for the same reasons applicable to its underlying measure, core income (loss). Core income (loss) per diluted share is core income (loss) on a per diluted share basis.
Results for the Three Months
Ended March 31
2026
2025Net income per diluted share$           0.78
$           1.00Less: Net investment losses(0.05)
(0.03)Core income per diluted share$           0.83
$           1.03Reconciliation of Net Income (Loss) to Underwriting Gain (Loss) and Underlying Underwriting Gain (Loss)Underwriting gain (loss) is deemed to be a non-GAAP financial measure and is calculated pretax as net earned premiums less total insurance expenses, which includes insurance claims and policyholders' benefits, amortization of deferred acquisition costs and insurance related administrative expenses. Net income (loss) is the most directly comparable GAAP measure. Management believes some investors may find this measure useful to evaluate the profitability, before tax, derived from our underwriting activities which are managed separately from our investing activities.Underlying underwriting gain (loss) is also deemed to be a non-GAAP financial measure, and represents pretax underwriting results excluding catastrophe-related reinstatement premiums, catastrophe losses and development-related items. Management believes some investors may find this measure useful to evaluate the profitability, before tax, derived from our underwriting activities, excluding the impact of catastrophes, which are unpredictable as to timing and amount, and development-related items as they are not indicative of our current year underwriting performance. The following tables present reconciliations of net income to core income, underwriting gain and underlying underwriting gain for our Property & Casualty Operations.
Results for the Three Months Ended March 31, 2026
SpecialtyCommercial International Property &
Casualty(In millions)



Net income $            95$          105$            36$          236Net investment losses, after tax47112Core income $            99$          112$            37$          248Less:



Net investment income14219043375Non-insurance warranty revenue (expense)18——18Other revenue (expense), including interest expense(11)(2)(2)(15)Income tax expense on core income(26)(27)(18)(71)Underwriting (loss) gain (24)(49)14(59)Catastrophe-related reinstatement premiums—9—9Catastrophe losses—84488Effect of unfavorable development-related items5056—106Underlying underwriting gain$            26$          100$            18$          144


Results for the Three Months Ended March 31, 2025
SpecialtyCommercial International Property &
Casualty(In millions)



Net income$          149$          124$            38$          311Net investment losses (gains), after tax1—(1)—Core income$          150$          124$            37$          311Less:



Net investment income15117734362Non-insurance warranty revenue (expense)12——12Other revenue (expense), including interest expense(14)(2)1(15)Income tax expense on core income (41)(34)(13)(88)Underwriting gain (loss)42(17)1540Catastrophe-related reinstatement premiums————Catastrophe losses—861197Effect of unfavorable development-related items1053—63Underlying underwriting gain$            52$          122$            26$          200Reconciliation of Book Value per Share to Book Value per Share Excluding AOCIBook value per share excluding AOCI allows management and investors to analyze the amount of the Company's net worth primarily attributable to the Company's business operations. The Company believes this measurement is useful as it reduces the effect of items that can fluctuate significantly from period to period, primarily based on changes in interest rates.
March 31, 2026
December 31,
2025Book value per share$          40.13
$          42.93Less: Per share impact of AOCI(4.99)
(4.06)Book value per share excluding AOCI$          45.12
$          46.99Calculation of Return on Equity and Core Return on EquityCore return on equity provides management and investors with a measure of how effectively the Company is investing the portion of the Company's net worth that is primarily attributable to its business operations.
Results for the Three Months
Ended March 31($ millions)2026
2025
Annualized net income$          845
$        1,096
Average stockholders' equity including AOCI (a)11,239
10,396
Return on equity7.5%10.5%




Annualized core income$          901
$        1,125
Average stockholders' equity excluding AOCI (a)12,462
12,284
Core return on equity7.2%9.2% (a)Average stockholders' equity is calculated using a simple average of the beginning and ending balances for the period.For additional information, please refer to CNA's most recent 10-K on file with the Securities and Exchange Commission, as well as the financial supplement, available at cna.com.Forward-Looking StatementsThis press release includes statements that relate to anticipated future events (forward-looking statements) rather than actual present conditions or historical events. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and generally include words such as "believes," "expects," "intends," "anticipates," "estimates" and similar expressions. Forward-looking statements, by their nature, are subject to a variety of inherent risks and uncertainties that could cause actual results to differ materially from the results projected. Many of these risks and uncertainties cannot be controlled by CNA. For a detailed description of these risks and uncertainties, please refer to CNA's filings with the Securities and Exchange Commission, available at cna.com.Any forward-looking statements made in this press release are made by CNA as of the date of this press release. Further, CNA does not have any obligation to update or revise any forward-looking statement contained in this press release, even if CNA's expectations or any related events, conditions or circumstances change.Any descriptions of coverage under CNA policies or programs in this press release are provided for convenience only and are not to be relied upon with respect to questions of coverage, exclusions or limitations. With regard to all such matters, the terms and provisions of relevant insurance policies are primary and controlling. In addition, please note that all coverages may not be available in all states."CNA" is a registered trademark of CNA Financial Corporation. Certain CNA Financial Corporation subsidiaries use the "CNA" trademark in connection with insurance underwriting and claims activities. Copyright © 2026 CNA. All rights reserved.





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Original: CNA FINANCIAL ANNOUNCES FIRST QUARTER 2026 NET INCOME OF $0.78 PER SHARE AND CORE INCOME OF $0.83 PER SHARE

CNA Financial Falls Short of Q4 Forecasts as Underwriting Performance SoftensFebruary 9, 2026 9:50 AM
IH Market News
CNA Financial Corporation (NYSE:CNA) reported fourth-quarter core income of $317 million, or $1.16 per diluted share, missing analysts’ expectations of $1.19 per share. Revenue totaled $2.79 billion, also below the consensus forecast of $2.88 billion.Shares of the insurer slipped 0.11% in after-hours trading following the release.Compared with the same period a year earlier, when core income reached $342 million, or $1.25 per share, the latest quarterly result reflected weaker underlying underwriting performance. Higher net investment income provided a partial offset.CNA’s Property & Casualty combined ratio worsened to 93.8% from 93.1% in the prior-year quarter, while the underlying combined ratio increased to 92.3% from 91.4%.“In the fourth quarter we produced excellent results with $317 million of core income, capping off a best on record core income of $1,342 million for the full year, which is the third consecutive year of record results,” said Douglas M. Worman, Chairman and Chief Executive Officer of CNA Financial Corporation.For the full year 2025, CNA posted record net income of $1.278 billion, or $4.69 per share, up from $959 million, or $3.52 per share, in 2024. Core income also reached a new high at $1.342 billion, or $4.93 per share, compared with $1.316 billion, or $4.83 per share, the year before.Across its Property & Casualty operations, net written premiums rose 2% in the fourth quarter and increased 5% for the full year.Net investment income climbed to $653 million in the fourth quarter from $644 million a year earlier, driven by stronger returns from fixed-income securities as a result of a larger invested asset base and more favorable reinvestment rates.The company also announced a 4% increase in its quarterly dividend to $0.48 per share, alongside a special dividend of $2.00 per share. Both will be payable on March 12, 2026, to shareholders on record as of February 23, 2026.“Looking forward, we enter the new year with momentum and confidence in our disciplined underwriting strategies and marketplace execution backed by our superior financial strength,” Worman added.CNA Financial Corporation stock price

Original: CNA Financial Falls Short of Q4 Forecasts as Underwriting Performance Softens

LOEWS CORPORATION REPORTS NET INCOME OF $402 MILLION FOR THE FOURTH QUARTER OF 2025 AND $1,667 MILLION FOR THE FULL YEARFebruary 9, 2026 6:00 AM
PR Newswire (US)

8.9 MILLION COMMON SHARES REPURCHASED IN 2025 FOR $782 MILLIONNEW YORK, Feb. 9, 2026 /PRNewswire/ -- Loews Corporation (NYSE: L) today released its fourth quarter 2025 financial results.Fourth Quarter 2025 highlights:
Loews Corporation reported net income of $402 million, or $1.94 per share, in the fourth quarter of 2025, compared to $187 million, or $0.86 per share, in the fourth quarter of 2024. The fourth quarter results for 2024 included a pension settlement charge for CNA of $265 million (after-tax and noncontrolling interests). The following are key highlights of our fourth quarter results:CNA Financial Corporation's (NYSE: CNA) net income attributable to Loews Corporation excluding the 2024 pension charge decreased slightly year-over-year due to an unfavorable non-economic charge related to the asbestos and environmental pollution loss portfolio transfer and lower underwriting income, partially offset by higher net investment income.Boardwalk Pipelines' net income decreased year-over-year primarily due to the non-recurrence of an income tax benefit of $36 million recorded in the fourth quarter of 2024.Loews Hotels' net income decreased year-over-year primarily due to an asset impairment charge of $20 million (after tax) related to the planned replacement of the Arlington Sheraton Hotel with the Americana by Loews Hotels in Arlington, Texas.Corporate segment results improved year-over-year due to higher investment income from the parent company trading portfolio.Book value per share increased to $90.71 as of December 31, 2025, from $79.49 as of December 31, 2024.Book value per share, excluding AOCI, increased to $95.89 as of December 31, 2025, from $88.18 as of December 31, 2024.On December 31, 2025, the parent company had $3.9 billion of cash and investments and $1.8 billion of debt.Loews Corporation repurchased 1.0 million shares of its common stock during the fourth quarter of 2025 for a total cost of $98 million.Consolidated highlights:
December 31,
Three MonthsYears Ended(In millions)2025202420252024Net Income (Loss) Attributable to Loews Corporation:



CNA Financial$          276$           19$       1,173$          879Boardwalk Pipelines110145444413Loews Hotels & Co6273170Corporate10(4)1952Net income attributable to Loews Corporation$          402$          187$       1,667$       1,414Net income per share attributable to Loews Corporation$         1.94$         0.86$         7.97$         6.41 
December 31, 2025
December 31, 2024



Book value per share$                         90.71
$                         79.49Book value per share excluding AOCI$                         95.89
$                         88.18Shares of common stock outstanding (in millions)206.0
214.7Three months ended December 31, 2025 compared to 2024CNA:Net income attributable to Loews Corporation was $276 million compared to $19 million.Net income for 2024 includes a pension settlement charge of $265 million. Excluding this pension charge, net income attributable to Loews Corporation was $284 million in the fourth quarter of 2024.Core income decreased to $317 million compared to $342 million, driven by an unfavorable non-economic charge related to the asbestos and environmental pollution loss portfolio transfer. Underwriting income was also lower, partially offset by higher net investment income.Net earned premiums grew by 5% and net written premiums grew by 2%.Property and Casualty's combined ratio increased by 0.7 points to 93.8% compared to 93.1% largely due to a higher underlying loss ratio. Property and Casualty's underlying combined ratio increased to 92.3% from 91.4%.Net investment income increased due to higher income from fixed income securities, as a result of a larger invested asset base and favorable reinvestment rates, partially offset by lower common stock returns.Boardwalk:Net income decreased to $110 million compared to $145 million.Net income for 2024 included a $36 million income tax benefit from an adjustment to deferred state income taxes for a rate reduction effective in 2025.EBITDA decreased to $287 million compared to $290 million.Net income and EBITDA were impacted by an increase in legal expenses, offset by increased transportation revenues from higher re-contracting rates and recently completed growth projects, as well as increased storage and parking and lending revenues.Loews Hotels:Net income decreased to $6 million compared to $27 million.Adjusted EBITDA increased 35% to $113 million compared to $84 million.Net income for 2025 was negatively impacted by an asset impairment charge of $20 million (after tax) related to the planned replacement of the Arlington Sheraton Hotel with the Americana by Loews Hotels in Arlington, Texas.Adjusted EBITDA improvement was driven by the addition of three new properties at the Universal Orlando Resort as well as higher average daily rates and occupancy at the other Universal Orlando Resort properties. In addition, results improved at the Loews Arlington Hotel and Convention Center. These positives were partially offset by the reduction in available room nights at the Loews Miami Beach Hotel due to renovations at the property.Corporate:Net income of $10 million compared to a net loss of $4 million.The improved results are primarily due to higher investment income from the parent company trading portfolio.Year ended December 31, 2025 compared to 2024Loews Corporation reported net income of $1,667 million, or $7.97 per share, compared to $1,414 million, or $6.41 per share, in 2024. Net income for 2024 includes a pension settlement charge for CNA of $265 million (after-tax and noncontrolling interests).Excluding the pension charge in 2024, CNA's net income attributable to Loews Corporation increased due to higher Property and Casualty underwriting income and net investment income, partially offset by unfavorable net prior year loss reserve development related to legacy mass tort abuse reserves.Boardwalk's net income and EBITDA improved due to increased transportation revenues from higher re-contracting rates, recently completed growth projects and higher utilization-based revenue, as well as increased storage and parking and lending revenues. Those positives were partially offset by higher operating costs and higher depreciation expense.Loews Hotels' net income decreased primarily due to an asset impairment charge, higher interest expense and renovations at the Loews Miami Beach Hotel, partially offset by improved results at the Universal Orlando Resort properties and the Loews Arlington Hotel and Convention Center, which was open for the entirety of 2025.Corporate net income decreased primarily due to lower investment income from the parent company trading portfolio.Share Purchases:On December 31, 2025, there were 206.0 million shares of Loews common stock outstanding.For the three months and year ended December 31, 2025, Loews Corporation repurchased 1.0 million and 8.9 million shares of its common stock for a total cost of $98 million and $782 million, respectively.Depending on market conditions, Loews may from time to time purchase shares of its and its subsidiaries' outstanding common stock in the open market (including, with respect to Loews common stock, in open market transactions that may or may not satisfy all of the conditions of the Rule 10b-18 voluntary safe harbor), in privately negotiated transactions or otherwise.Boardwalk LitigationAs a reminder, in December, the Delaware Supreme Court issued a ruling in the litigation related to Loews Corporation's 2018 acquisition of the minority limited partner interests in its Boardwalk Pipelines subsidiary. The Supreme Court found that the Boardwalk general partner, an indirect subsidiary of Loews Corporation, breached the underlying partnership agreement in connection with its exercise of the purchase right to acquire the minority limited partner interests. In its previous ruling in 2022, the Delaware Supreme Court had ruled that the Boardwalk general partner was exculpated from damages related to its exercise of the purchase right. The remaining claims that have been remanded back to the Delaware Chancery Court for further proceedings following the Supreme Court's latest decision are tortious interference and unjust enrichment claims against Loews and certain of its Boardwalk-related subsidiaries. The Supreme Court resolved the other remaining claims in Loews's favor.Reconciliation of GAAP Measures to Non-GAAP MeasuresThis news release contains financial measures that are not in accordance with accounting principles generally accepted in the United States of America ("GAAP"). Management believes some investors may find these measures useful to evaluate our and our subsidiaries' financial performance. CNA utilizes core income, underlying loss ratio and underlying combined ratio. Boardwalk utilizes earnings before interest, income tax expense, depreciation and amortization ("EBITDA"), and Loews Hotels utilizes Adjusted EBITDA. These non-GAAP measures are defined and reconciled to the most comparable GAAP measures on pages 7 through 9 of this release.Earnings RemarksFor Loews Corporation     –      Today, February 9, 2026, earnings remarks will be available on the Investors section of our website at www.loews.com.
     –      Remarks will include commentary from Loews's president and chief executive officer and chief financial officer.For CNA     –      Today, February 9, 2026, earnings remarks will be available on the Investor Relations section of CNA's website at www.cna.com.
     –      Remarks will include commentary from CNA's president and chief executive officer and chief financial officer.About Loews Corporation Loews Corporation is a diversified company with businesses in the insurance, energy, hospitality and packaging industries. For more information, please visit www.loews.com.Forward-Looking StatementsStatements contained in this news release which are not historical facts are "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements are inherently uncertain and subject to a variety of risks that could cause actual results to differ materially from those expected by the Company. A discussion of the important risk factors and other considerations that could materially impact these matters, as well as the Company's overall business and financial performance, can be found in the Company's reports filed with the Securities and Exchange Commission and readers of this release are urged to review those reports carefully when considering these forward-looking statements. Copies of these reports are available through the Company's website (www.loews.com). Given these risk factors, investors and analysts should not place undue reliance on forward-looking statements. Any such forward-looking statements speak only as of the date of this news release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any forward-looking statement is based. Loews Corporation and Subsidiaries
Selected Financial Information

December 31,
Three MonthsYears Ended(In millions)2025202420252024Revenues:



CNA Financial (a)$        3,828$        3,689$      14,989$      14,270Boardwalk Pipelines6195772,3242,065Loews Hotels & Co235240945933Corporate investment income, net5240196242Total$        4,734$        4,546$      18,454$      17,510Income (Loss) Before Income Tax:



CNA Financial (a) (b)$           378$            21$        1,620$        1,211Boardwalk Pipelines141145584505Loews Hotels & Co (c)12325295Corporate:



Investment income, net5340199243Other (d)(43)(50)(172)(180)Total$           541$           188$        2,283$        1,874Net Income (Loss) Attributable to Loews Corporation:



CNA Financial (a) (b)$           276$            19$        1,173$           879Boardwalk Pipelines (e)110145444413Loews Hotels & Co (c)6273170Corporate:



Investment income, net4133158193Other (d)(31)(37)(139)(141)Net income attributable to Loews Corporation$           402$           187$        1,667$        1,414
(a)   The three months ended December 31, 2025 and 2024 include net investment losses of $19 million and $39 million        ($14 million and $29 million after tax and noncontrolling interests). The years ended December 31, 2025 and 2024         include net investment losses of $81 million and $81 million ($59 million and $59 million after tax and noncontrolling         interests).(b)   Includes a pension settlement charge of $367 million ($265 million after tax and noncontrolling interests) for the         three months and year ended December 31, 2024.(c)    Includes an asset impairment charge of $25 million ($20 million after tax) for the three months and year ended         December 31, 2025 related to the replacement of the Arlington Sheraton Hotel with the Americana by Loews Hotels         in Arlington, Texas. The years ended December 31, 2025 and 2024 include Loews Hotels & Co's portion of joint         venture impairment charges which reduced equity income from joint ventures by $9 million ($6 million after tax) and         $19 million ($15 million after tax).(d)   Consists of parent company interest expense, corporate expenses and the equity income (loss) of Altium Packaging.(e)   Includes a $36 million income tax benefit from an adjustment to deferred state income taxes for a rate reduction        effective in 2025 for the three months and year ended December 31, 2024. Loews Corporation and Subsidiaries
Consolidated Financial Review 
December 31,
Three MonthsYears Ended(In millions, except per share data)2025202420252024Revenues:



Insurance premiums$        2,797$        2,679$      10,900$      10,211Net investment income7146962,7792,780Investment losses(19)(39)(81)(81)Operating revenues and other1,2421,2104,8564,600Total4,7344,54618,45417,510




Expenses:



Insurance claims and policyholders' benefits2,1502,0308,2947,738Operating expenses and other (a)2,0432,3287,8777,898Total4,1934,35816,17115,636




Income before income tax5411882,2831,874Income tax (expense) benefit (b)(113)1(511)(380)Net income4281891,7721,494Amounts attributable to noncontrolling interests(26)(2)(105)(80)Net income attributable to Loews Corporation$           402$           187$        1,667$        1,414




Net income per share attributable to Loews Corporation$          1.94$          0.86$          7.97$          6.41




Weighted average number of shares206.80217.83209.10220.53
(a)   Includes a pension settlement charge of $367 million ($265 million after tax and noncontrolling interests) for the        three months and year ended December 31, 2024.(b)   Includes a $36 million income tax benefit from an adjustment to deferred state income taxes for a rate reduction                  effective in 2025 for the three months and year ended December 31, 2024.Definitions of Non-GAAP Measures and Reconciliation of GAAP Measures to Non-GAAP Measures:CNA Financial CorporationCore income is calculated by excluding from CNA's net income attributable to Loews Corporation the after-tax effects of investment gains or losses and gains or losses resulting from pension settlement transactions. In addition, core income excludes the effects of noncontrolling interests. The calculation of core income excludes investment gains or losses because they are generally driven by economic factors that are not necessarily reflective of CNA's primary insurance operations. The calculation of core income excludes gains or losses resulting from pension settlement transactions as they result from decisions regarding CNA's defined benefit pension plans which are unrelated to its primary insurance operations.The following table presents a reconciliation of CNA net income attributable to Loews Corporation to core income:
December 31,
Three MonthsYears Ended(In millions)2025202420252024CNA net income attributable to Loews Corporation$           276$            19$        1,173$           879Investment losses15316464Pension settlement losses
290
293Noncontrolling interests26210580Core income$           317$           342$        1,342$        1,316In evaluating the results of Property & Casualty operations, CNA utilizes the loss ratio, the underlying loss ratio, the expense ratio, the dividend ratio, the combined ratio and the underlying combined ratio. These ratios are calculated using GAAP financial results. The loss ratio is the percentage of net incurred claim and claim adjustment expenses to net earned premiums. The underlying loss ratio excludes the impact of catastrophe losses and development-related items from the loss ratio. Development-related items represent net prior year loss reserve and premium development, and includes the effects of interest accretion and change in allowance for uncollectible reinsurance. The expense ratio is the percentage of insurance underwriting and acquisition expenses, including the amortization of deferred acquisition costs, to net earned premiums. The dividend ratio is the ratio of policyholders' dividends incurred to net earned premiums. The combined ratio is the sum of the loss ratio, the expense ratio and the dividend ratio. The underlying combined ratio is the sum of the underlying loss ratio, the expense ratio and the dividend ratio. The underlying loss ratio and the underlying combined ratio are deemed to be non-GAAP financial measures, and management believes some investors may find these ratios useful to evaluate CNA's underwriting performance since they remove the impact of catastrophe losses which are unpredictable as to timing and amount, and development-related items as they are not indicative of current year underwriting performance.The following table presents a reconciliation of CNA's loss ratio to underlying loss ratio and CNA's combined ratio to underlying combined ratio:
December 31,
Three MonthsYears Ended
2025202420252024Loss ratio63.4 %62.8 %64.6 %64.3 %Expense ratio30.130.029.730.2Dividend ratio0.30.30.40.4Combined ratio93.8 %93.1 %94.7 %94.9 %Less: Effect of catastrophe impacts1.51.82.33.6Less: Effect of development-related items
(0.1)0.6(0.2)Underlying combined ratio92.3 %91.4 %91.8 %91.5 %Underlying loss ratio61.9 %61.1 %61.7 %60.9 %Boardwalk PipelinesEBITDA is defined as earnings before interest, income tax expense, depreciation and amortization. The following table presents a reconciliation of Boardwalk's net income attributable to Loews Corporation to its EBITDA:
December 31,
Three MonthsYears Ended(In millions)2025202420252024Boardwalk net income attributable to Loews      Corporation$           110$           145$           444$           413Interest, net3637147152Income tax expense31
14092Depreciation and amortization110108443429EBITDA$           287$           290$        1,174$        1,086Loews Hotels & CoAdjusted EBITDA is calculated by excluding from Loews Hotels & Co's EBITDA, the noncontrolling interest share of EBITDA adjustments, gains or losses on asset acquisitions and dispositions, asset impairments, and equity method income, and including Loews Hotels & Co's pro rata Adjusted EBITDA of equity method investments. Pro rata Adjusted EBITDA of equity method investments is calculated by applying Loews Hotels & Co's ownership percentage to the underlying equity method investment's components of Adjusted EBITDA and excluding distributions in excess of basis.The following table presents a reconciliation of Loews Hotels & Co net income attributable to Loews Corporation to its Adjusted EBITDA:
December 31,
Three MonthsYears Ended(In millions)2025202420252024Loews Hotels & Co net income attributable to Loews      Corporation$              6$            27$            31$            70Interest, net14125742Income tax expense652125Depreciation and amortization252410093EBITDA5168209230Noncontrolling interest share of EBITDA adjustments
(1)(2)(6)Asset impairments25
25
Equity investment adjustments:



Loews Hotels & Co's equity method income(42)(27)(102)(86)Pro rata Adjusted EBITDA of equity method     investments7644240188Consolidation adjustments3
2
Adjusted EBITDA$           113$            84$           372$           326The following table presents a reconciliation of Loews Hotels & Co's equity method income to the Pro rata Adjusted EBITDA of its equity method investments:
December 31,
Three MonthsYears Ended(In millions)2025202420252024Loews Hotels & Co's equity method income$            42$            27$           102$            86Pro rata share of equity method investments:



Interest, net19106240Income tax expense



Depreciation and amortization16126147Asset impairments

919Distributions in excess of basis(1)(5)6(4)Pro rata Adjusted EBITDA of equity method      investments$            76$            44$           240$           188 



View original content:https://www.prnewswire.com/news-releases/loews-corporation-reports-net-income-of-402-million-for-the-fourth-quarter-of-2025-and-1-667-million-for-the-full-year-302681913.htmlSOURCE Loews Corporation

Original: LOEWS CORPORATION REPORTS NET INCOME OF $402 MILLION FOR THE FOURTH QUARTER OF 2025 AND $1,667 MILLION FOR THE FULL YEAR

CNA FINANCIAL ANNOUNCES Q4 2025 NET INCOME OF $1.11 PER SHARE AND CORE INCOME OF $1.16 PER SHARE FULL YEAR 2025 NET INCOME OF $4.69 PER SHARE AND CORE INCOME OF $4.93 PER SHARE REGULAR QUARTERLY DIVIDEND INCREASED 4% TO $0.48 PER SHARE SPECIAL DIVIDEND OFFebruary 9, 2026 6:00 AM
PR Newswire (US)

Fourth QuarterNet income of $302 million versus $21 million in the prior year quarter, which included a $290 million after-tax loss from a pension settlement transaction. Core income of $317 million versus $342 million in the prior year quarter.P&C core income of $449 million versus $451 million, reflects lower underlying underwriting results largely offset by higher net investment income.Life & Group core loss of $29 million versus $18 million in the prior year quarter.Corporate & Other core loss of $103 million versus $91 million in the prior year quarter.Net investment income of $653 million, reflects a $26 million increase from fixed income securities and other investments to $576 million and a $17 million decrease from limited partnerships and common stock to $77 million.P&C combined ratio of 93.8%, compared with 93.1% in the prior year quarter, including 1.5 points of catastrophe loss impact compared with 1.8 points in the prior year quarter. P&C underlying combined ratio was 92.3%, compared with 91.4% in the prior year quarter. P&C underlying loss ratio was 61.9% and the expense ratio was 30.1%.P&C segments generated net written premium growth of 2% in the quarter. P&C renewal premium change of +4%, with written rate of +2%.Full YearRecord high net income of $1,278 million versus $959 million in the prior year, which included a $293 million after-tax loss from pension settlement transactions. Core income of $1,342 million, which is the best on record, versus $1,316 million in the prior year.P&C core income of $1,664 million versus $1,549 million, reflects improved current accident year underwriting results and higher net investment income partially offset by unfavorable net prior period development.Life & Group core loss of $44 million versus $23 million in the prior year.Corporate & Other core loss of $278 million versus $210 million in the prior year.Net investment income of $2,557 million, reflects a $78 million increase from fixed income securities and other investments to $2,255 million and a $18 million decrease from limited partnerships and common stock to $302 million.P&C combined ratio of 94.7%, compared with 94.9% in the prior year, including 2.3 points of catastrophe loss impact compared with 3.6 points in the prior year. P&C underlying combined ratio was 91.8% compared with 91.5% in the prior year. P&C underlying loss ratio was 61.7% and the expense ratio was 29.7%.P&C segments generated net written premium growth of 5%. P&C renewal premium change of +4%, with written rate of +3%.Stockholders' EquityBook value per share of $42.93; book value per share excluding AOCI of $46.99, an 10% increase from year-end 2024 adjusting for $3.84 of dividends per share paid.Increased quarterly cash dividend 4% to $0.48 per share; special dividend of $2.00 per shareCHICAGO, Feb. 9, 2026 /PRNewswire/ -- CNA Financial Corporation (NYSE: CNA) today announced fourth quarter 2025 net income of $302 million, or $1.11 per share, versus $21 million, or $0.07 per share, in the prior year quarter.  Net income for the prior year quarter included a $290 million after-tax loss from a pension settlement transaction.  Net investment losses for the quarter were $15 million compared to $31 million in the prior year quarter.  Core income for the quarter was $317 million, or $1.16 per share, versus $342 million, or $1.25 per share, in the prior year quarter.Our Property & Casualty segments delivered core income of $449 million for the fourth quarter of 2025, a decrease of $2 million compared to the prior year quarter reflecting lower underlying underwriting results largely offset by higher net investment income.  P&C segments generated net written premium growth of 2%, due to renewal premium change of +4% and written rate of +2%.Our Life & Group segment produced a core loss of $29 million for the fourth quarter of 2025 versus $18 million in the prior year quarter.  Our Corporate & Other segment reported a core loss of $103 million for the fourth quarter of 2025 versus $91 million in the prior year quarter.Net income for the full year 2025 was $1,278 million, or $4.69 per share, versus $959 million, or $3.52 per share, in the prior year.  Net income for the prior year included a $293 million after-tax loss from pension settlement transactions.  Net investment losses were $64 million for the full year 2025 and 2024.  Core income for the full year 2025 was $1,342 million, or $4.93 per share, versus $1,316 million, or $4.83 per share, in the prior year.Our Property & Casualty segments recorded core income of $1,664 million for the full year 2025, an increase of $115 million compared to the prior year attributed to improved current accident year underwriting results and higher net investment income partially offset by unfavorable net prior period development in the current year compared to favorable net prior period development in the prior year.  P&C segments generated net written premium growth of 5%, due to renewal premium change of +4% and written rate of +3%.Our Life & Group segment reported a core loss of $44 million for the full year 2025 versus $23 million in the prior year.  Our Corporate & Other segment produced a core loss of $278 million for the full year 2025 versus $210 million in the prior year.CNA Financial declared a quarterly cash dividend of $0.48 per share and a special dividend of $2.00 per share, payable March 12, 2026 to stockholders of record on February 23, 2026.
Results for the Three Months
Ended December 31
Results for the Year Ended
December 31($ millions, except per share data)2025
2024
2025
2024Net income$              302
$                21
$          1,278
$              959Core income (a)317
342
1,342
1,316







Net income per diluted share$             1.11
$             0.07
$            4.69
$             3.52Core income per diluted share1.16
1.25
4.93
4.83 
December 31, 2025
December 31, 2024Book value per share$42.93
$38.82Book value per share excluding AOCI
46.99

46.16

(a) Management utilizes the core income (loss) financial measure to monitor the Company's operations.  Please refer herein to the Reconciliation of GAAP Measures to Non-GAAP Measures section of this press release for further discussion of this non-GAAP measure."In the fourth quarter we produced excellent results with $317 million of core income, capping off a best on record core income of $1,342 million for the full year, which is the third consecutive year of record results.  The 2025 full year core income reflects continued excellent underlying underwriting and investment results, which are both record highs, and contributed to delivering nearly $2.5 billion of cash flow from operations.The P&C all-in combined ratio was 93.8% for the quarter and 94.7% for the full year, which include 1.5 points and 2.3 points of catastrophe losses, respectively.  The full year expense ratio of 29.7% is half a point lower than 2024, reflecting ongoing expense discipline while investing in talent, technology and artificial intelligence.Net written premiums grew 2% in the quarter and 5% for the year while new business was flat for the quarter but grew 4% for the full year with retention of 83%.  We continue to lean into profitable opportunities while being highly selective in pockets where the market will not let us achieve appropriate risk-adjusted returns.We are pleased with the fourth quarter action taken by AM Best who upgraded CNA's financial strength rating to A+ with a stable outlook.  We view AM Best's action as recognition of our consistently strong operating performance, sophisticated risk management and the strength of our balance sheet.Looking forward, we enter the new year with momentum and confidence in our disciplined underwriting strategies and marketplace execution backed by our superior financial strength.  We feel we are well positioned as we look forward to an exciting 2026," said Douglas M. Worman, Chairman & Chief Executive Officer of CNA Financial Corporation.Property & Casualty Operations

Results for the Three Months
Ended December 31
Results for the Year Ended
December 31($ millions)2025
2024
2025
2024Net written premiums$        2,794

$        2,752

$     10,683

$     10,176
NWP change (% year over year)2%



5%


Net earned premiums$        2,692

$        2,571

$     10,478

$       9,775
NEP change (% year over year)5%



7%


Underwriting gain$           167

$           178

$          551

$          496
Net investment income$           409

$           400

$       1,581

$       1,490
Core income$           449

$           451

$       1,664

$       1,549












Loss ratio63.4%
62.8%
64.6%
64.3%Less: Effect of catastrophe impacts1.5

1.8

2.3

3.6
Less: Effect of (favorable) unfavorable development-related items—

(0.1)

0.6

(0.2)
Underlying loss ratio61.9%
61.1%
61.7%
60.9%











Expense ratio30.1%
30.0%
29.7%
30.2%











Combined ratio93.8%
93.1%
94.7%
94.9%Underlying combined ratio92.3%
91.4%
91.8%
91.5%The fourth quarter underlying combined ratio increased 0.9 points as compared with the prior year quarter. The underlying loss ratio increased 0.8 points as compared with the prior year quarter as a result of increases across each segment. The expense ratio was generally consistent with the prior year quarter as a non-recurring technology charge was largely offset by a favorable acquisition ratio and net earned premium growth of 5%.The fourth quarter combined ratio increased 0.7 points as compared with the prior year quarter. Catastrophe losses were $40 million, or 1.5 points of the loss ratio in the quarter compared with $45 million, or 1.8 points of the loss ratio, for the prior year quarter.For the full year, the underlying combined ratio increased 0.3 points as compared with the prior year. The underlying loss ratio increased 0.8 points compared with the prior year due to increases across each segment. The expense ratio improved 0.5 points primarily attributed to net earned premium growth of 7%.For the full year, the combined ratio improved 0.2 points as compared with the prior year. Catastrophe losses were $240 million, or 2.3 points of the loss ratio for the full year compared with $358 million, or 3.6 points of the loss ratio, for the prior year. Unfavorable net prior period development increased the loss ratio by 0.6 points in the current year compared with 0.2 points of favorable development improving the loss ratio in the prior year.Business Operating HighlightsSpecialty

Results for the Three Months
Ended December 31
Results for the Year Ended
December 31($ millions)2025
2024
2025
2024Net written premiums$           914

$           934

$       3,515

$       3,445
NWP change (% year over year)(2)%



2%


Net earned premiums$           899

$           868

$       3,472

$       3,361
NEP change (% year over year)4%



3%














Underwriting gain$               9

$             54

$           164

$           249












Loss ratio63.6%
60.1%
61.5%
59.5%Less: Effect of catastrophe impacts—

—

—

—
Less: Effect of unfavorable (favorable) development-related items3.0

—

1.1

(0.3)
Underlying loss ratio60.6%
60.1%
60.4%
59.8%











Expense ratio35.1%
33.4%
33.5%
32.8%











Combined ratio99.0%
93.8%
95.3%
92.6%Underlying combined ratio96.0%
93.8%
94.2%
92.9%The fourth quarter underlying combined ratio increased 2.2 points as compared with the prior year quarter. The expense ratio increased 1.7 points as compared with the prior year quarter driven by a non-recurring technology charge. The underlying loss ratio increased 0.5 points as compared with the prior year quarter.The fourth quarter combined ratio increased 5.2 points as compared with the prior year quarter. Unfavorable net prior period development increased the loss ratio by 3.0 points in the current quarter as compared with no net prior period development in the prior year quarter.For the full year, the underlying combined ratio increased 1.3 points as compared with the prior year. The expense ratio increased 0.7 points driven by higher employee related costs and a non-recurring technology charge partially offset by net earned premium growth of 3%. The underlying loss ratio increased 0.6 points as compared with the prior year.For the full year, the combined ratio increased 2.7 points as compared with the prior year. Unfavorable net prior period development increased the loss ratio by 1.1 points in the current year compared with 0.3 points of favorable development improving the loss ratio in the prior year.Commercial

Results for the Three Months
Ended December 31
Results for the Year Ended
December 31($ millions)2025
2024
2025
2024Net written premiums$       1,509

$       1,452

$       5,821

$       5,469
NWP change (% year over year)4%



6%


Net earned premiums$       1,460

$       1,384

$       5,695

$       5,158
NEP change (% year over year)5%



10%














Underwriting gain$          109

$          106

$          272

$          171












Loss ratio65.7%
64.8%
67.9%
68.3%Less: Effect of catastrophe impacts2.4

2.3

3.8

6.2
Less: Effect of (favorable) unfavorable development-related items(0.1)

—

0.9

(0.1)
Underlying loss ratio63.4%
62.5%
63.2%
62.2%











Expense ratio26.4%
27.0%
26.8%
27.9%











Combined ratio92.5%
92.3%
95.2%
96.7%Underlying combined ratio90.2%
90.0%
90.5%
90.6%The fourth quarter underlying combined ratio increased 0.2 points as compared with the prior year quarter. The underlying loss ratio increased 0.9 points compared with the prior year quarter attributed to social inflation impacted lines. The expense ratio improved 0.6 points primarily attributed to a favorable acquisition ratio and net earned premium growth of 5%.The fourth quarter combined ratio increased 0.2 points as compared with the prior year quarter. Catastrophe losses were $35 million, or 2.4 points of the loss ratio in the quarter compared with $33 million, or 2.3 points of the loss ratio, for the prior year quarter.For the full year, the underlying combined ratio improved 0.1 points as compared with the prior year, and is the lowest full year on record. The expense ratio improved 1.1 points primarily attributed to net earned premium growth of 10% and a favorable acquisition ratio. The underlying loss ratio increased 1.0 point compared with the prior year attributed to social inflation impacted lines.For the full year, the combined ratio improved 1.5 points as compared with the prior year, and is the lowest full year on record. Catastrophe losses were $217 million, or 3.8 points of the loss ratio for the full year compared with $318 million, or 6.2 points of the loss ratio, for the prior year. Unfavorable net prior period development increased the loss ratio by 0.9 points compared with 0.1 points of favorable development improving the loss ratio in the prior year.International

Results for the Three Months
Ended December 31
Results for the Year Ended
December 31($ millions)2025
2024
2025
2024Net written premiums$           371

$           366

$       1,347

$       1,262
NWP change (% year over year)1%



7%


Net earned premiums$           333

$           319

$       1,311

$       1,256
NEP change (% year over year)4%



4%














Underwriting gain$             49

$             18

$          115

$            76












Loss ratio52.6%
61.6%
58.4%
60.9%Less: Effect of catastrophe impacts1.6

3.9

1.8

3.2
Less: Effect of favorable development-related items(7.5)

(0.4)

(1.9)

(0.4)
Underlying loss ratio58.5%
58.1%
58.5%
58.1%











Expense ratio32.7%
33.2%
32.8%
33.1%











Combined ratio85.3%
94.8%
91.2%
94.0%Underlying combined ratio91.2%
91.3%
91.3%
91.2%The fourth quarter underlying combined ratio was generally consistent with the prior year quarter. The expense ratio improved 0.5 points primarily attributed to a favorable acquisition ratio and net earned premium growth of 4%. The underlying loss ratio increased 0.4 points as compared with the prior year quarter.The fourth quarter combined ratio improved 9.5 points as compared with the prior year quarter. Favorable net prior period development improved the loss ratio by 7.5 points in the current quarter compared with 0.4 points of improvement in the prior year quarter. Catastrophe losses were $5 million, or 1.6 points of the loss ratio in the quarter compared with $12 million, or 3.9 points of the loss ratio, for the prior year quarter.For the full year, the underlying combined ratio was generally consistent with the prior year. The underlying loss ratio increased 0.4 points as compared with the prior year. The expense ratio improved 0.3 points as compared with the prior year.For the full year, the combined ratio improved 2.8 points as compared with the prior year, and is the lowest full year on record. Favorable net prior period development improved the loss ratio by 1.9 points in the current year compared with 0.4 points of improvement in the prior year. Catastrophe losses were $23 million, or 1.8 points of the loss ratio for the full year compared with $40 million, or 3.2 points of the loss ratio, for the prior year.Life & Group

Results for the Three Months
Ended December 31
Results for the Year Ended
December 31($ millions)2025
2024
2025
2024Net earned premiums$           105

$           108

$           423

$           437
Claims, benefits and expenses375

366

1,415

1,429












Net investment income$           227

$           230

$           914

$           940
Core loss$           (29)

$           (18)

$           (44)

$           (23)
Core loss increased $11 million for the fourth quarter of 2025 as compared with the prior year quarter primarily due to unfavorable persistency experience.Core loss increased $21 million for the full year as compared with the prior year primarily resulting from lower net investment income from limited partnerships.Corporate & Other

Results for the Three Months
Ended December 31
Results for the Year Ended
December 31($ millions)2025
2024
2025
2024Insurance claims and policyholders' benefits$             94

$             71

$           201

$           106
Interest expense36

32

135

133
Net investment income17

14

62

67
Core loss(103)

(91)

(278)

(210)
Core loss increased $12 million for the fourth quarter of 2025 as compared with the prior year quarter.  The application of retroactive reinsurance accounting to additional cessions to the A&EP LPT in both periods resulted in after-tax non-economic charges of $67 million and $35 million in 2025 and 2024, respectively.  The additional cessions in those periods were $185 million and $103 million, respectively.  There was no prior period development in the current year quarter compared to a $17 million after-tax charge related to unfavorable prior period development in the prior year quarter associated with legacy mass tort.Core loss increased $68 million for the full year as compared with the prior year.  The current year includes an unfavorable non-economic impact related to the A&EP LPT.  The current year also includes a $106 million after-tax charge related to unfavorable prior period development largely associated with legacy mass tort compared with a $62 million after-tax charge in the prior year.Net Investment Income

Results for the Three Months
Ended December 31
Results for the Year Ended
December 31
2025
2024
2025
2024Fixed income securities and other$           576

$           550

$       2,255

$       2,177
Limited partnership and common stock investments77

94

302

320
Net investment income$           653

$           644

$       2,557

$       2,497
Net investment income increased $9 million for the fourth quarter of 2025 and $60 million for the full year.  The increase was driven by higher income from fixed income securities as a result of a larger invested asset base and favorable reinvestment rates partially offset by lower common stock returns.Stockholders' EquityStockholders' equity of $11.6 billion increased 11% from year-end 2024, primarily due to net income and an improvement in net unrealized investment losses partially offset by dividends paid to stockholders.Book value per share ex AOCI of $46.99 increased 10% from year-end 2024 adjusting for $3.84 of dividends per share.As of December 31, 2025, statutory capital and surplus for the Combined Continental Casualty Companies was $11.6 billion.About the CompanyCNA is one of the largest U.S. commercial property and casualty insurance companies.  Backed by more than 125 years of experience, CNA provides a broad range of standard and specialized insurance products and services for businesses and professionals in the U.S., Canada and Europe.  For more information, please visit CNA at cna.com.ContactsMedia:
Analysts:
Kelly Messina | Vice President, Marketing
Ralitza K. Todorova | Vice President,
Investor Relations & Rating Agencies
872-817-0350
312-822-3834
Earnings Remarks & MaterialsA transcript of earnings remarks will be available on CNA's website at cna.com via the Investor Relations section.  Remarks will include commentary from the Company's Chairman and Chief Executive Officer, Douglas M. Worman, and Chief Financial Officer, Scott R. Lindquist.  An earnings presentation and financial supplement information related to the results will also be posted and available on the CNA website.Definition of Reported SegmentsSpecialty provides management and professional liability and other coverages through property and casualty products and services using a network of retail and wholesale brokers, independent agencies and managing general underwriters.Commercial works with a network of retail and wholesale brokers and independent agents to market a broad range of property and casualty insurance products to all types of insureds targeting small business, construction, middle market and other commercial customers.International underwrites property and casualty coverages on a global basis through a branch operation in Canada, a European business consisting of insurance companies based in the U.K. and Luxembourg and Hardy, our Lloyd's Syndicate.Life & Group includes the individual and group run-off long-term care businesses as well as structured settlement obligations not funded by annuities related to certain property and casualty claimants.Corporate & Other primarily includes certain corporate expenses, including interest on corporate debt, and the results of certain property and casualty business in run-off, including asbestos and environmental pollution (A&EP), a legacy portfolio of excess workers' compensation (EWC) policies and legacy mass tort reserves.Financial MeasuresManagement utilizes the following metrics in their evaluation of the Property & Casualty Operations.These ratios are calculated using financial results prepared in accordance with accounting principles generally accepted in the United States of America (GAAP).Loss ratio is the percentage of net incurred claim and claim adjustment expenses to net earned premiums.Underlying loss ratio represents the loss ratio excluding catastrophe losses and development-related items.Expense ratio is the percentage of insurance underwriting and acquisition expenses, including the amortization of deferred acquisition costs, to net earned premiums.Dividend ratio is the ratio of policyholders' dividends incurred to net earned premiums.Combined ratio is the sum of the loss ratio, the expense and the dividend ratio.Underlying combined ratio is the sum of the underlying loss, the expense ratio and the dividend ratio.The underlying loss ratio and the underlying combined ratio are deemed to be non-GAAP financial measures, and management believes some investors may find these ratios useful to evaluate our underwriting performance since they remove the impact of catastrophe losses, which are unpredictable as to timing and amount, and development-related items as they are not indicative of our current year underwriting performance.  The components to reconcile the combined ratio and loss ratio to the underlying combined ratio and underlying loss ratio for Property & Casualty, Specialty, Commercial and International segments are set forth on pages 3, 4, 5 and 6, respectively.Renewal premium change represents the estimated change in average premium on policies that renew, including rate and exposure changes.Rate represents the average change in price on policies that renew excluding exposure change.Exposure represents the measure of risk used in the pricing of the insurance product.  The change in exposure represents the change in premium dollars on policies that renew as a result of the change in risk of the policy.Retention represents the percentage of premium dollars renewed, excluding rate and exposure changes, in comparison to the expiring premium dollars from policies available to renew.New business represents premiums from policies written with new customers and additional policies written with existing customers.Development-related items represents net prior year loss reserve and premium development, and includes the effects of interest accretion and change in allowance for uncollectible reinsurance.Statutory capital and surplus represents the excess of an insurance company's admitted assets over its liabilities, including loss reserves, as determined in accordance with statutory accounting practices.  Statutory capital and surplus as of the current period is preliminary.The Company's investment portfolio is monitored by management through analysis of various factors including unrealized gains and losses on securities, portfolio duration and exposure to market and credit risk.Reconciliation of GAAP Measures to Non-GAAP MeasuresManagement utilizes financial measures not in accordance with GAAP to monitor the Company's insurance operations and investment portfolio.  The Company believes the presentation of these measures provides investors with a better understanding of the significant factors that comprise the Company's operating performance.  Reconciliations of these measures to the most comparable GAAP measures follow below.Reconciliation of Net Income (Loss) to Core Income (Loss)Core income (loss) is calculated by excluding from net income (loss) the after-tax effects of net investment gains or losses and gains or losses resulting from pension settlement transactions.  Net investment gains or losses are excluded from the calculation of core income (loss) because they are generally driven by economic factors that are not necessarily reflective of our primary operations.  The calculation of core income (loss) excludes gains or losses resulting from pension settlement transactions as they result from decisions regarding our defined benefit pension plans which are unrelated to our primary operations.  Management monitors core income (loss) for each business segment to assess segment performance.  Presentation of consolidated core income (loss) is deemed to be a non-GAAP financial measure.
Results for the Three Months
Ended December 31
Results for the Year Ended
December 31($ millions)2025
2024
2025
2024Net income$              302
$                21
$           1,278
$              959Less: Net investment losses(15)
(31)
(64)
(64)Less: Pension settlement transaction losses—
(290)
—
(293)Core income$              317
$              342
$           1,342
$           1,316Reconciliation of Net Income (Loss) per Diluted Share to Core Income (Loss) per Diluted ShareCore income (loss) per diluted share provides management and investors with a valuable measure of the Company's operating performance for the same reasons applicable to its underlying measure, core income (loss).  Core income (loss) per diluted share is core income (loss) on a per diluted share basis.
Results for the Three Months
Ended December 31
Results for the Year Ended
December 31
2025
2024
2025
2024Net income per diluted share$             1.11
$             0.07
$             4.69
$             3.52Less: Net investment losses(0.05)
(0.12)
(0.24)
(0.23)Less: Pension settlement transaction losses—
(1.06)
—
(1.08)Core income per diluted share$             1.16
$             1.25
$             4.93
$             4.83Reconciliation of Net Income (Loss) to Underwriting Gain (Loss) and Underlying Underwriting Gain (Loss)Underwriting gain (loss) is deemed to be a non-GAAP financial measure and is calculated pretax as net earned premiums less total insurance expenses, which includes insurance claims and policyholders' benefits, amortization of deferred acquisition costs and insurance related administrative expenses.  Net income (loss) is the most directly comparable GAAP measure.  Management believes some investors may find this measure useful to evaluate the profitability, before tax, derived from our underwriting activities which are managed separately from  our investing activities.Underlying underwriting gain (loss) is also deemed to be a non-GAAP financial measure, and represents pretax underwriting results excluding catastrophe losses and development-related items.  Management believes some investors may find this measure useful to evaluate the profitability, before tax, derived from our underwriting activities, excluding the impact of catastrophe losses, which are unpredictable as to timing and amount, and development-related items as they are not indicative of our current year underwriting performance.
Results for the Three Months Ended December 31, 2025
SpecialtyCommercial International Property &
Casualty(In millions)



Net income $                  128$                  236$                    70$                  434Net investment losses, after tax69—15Core income $                  134$                  245$                    70$                  449Less:



Net investment income16720042409Non-insurance warranty revenue (expense)9——9Other revenue (expense), including interest expense(15)(2)1(16)Income tax expense on core income(36)(62)(22)(120)Underwriting gain 910949167Effect of catastrophe losses—35540Effect of unfavorable (favorable) development-related items27(2)(25)—Underlying underwriting gain$                    36$                  142$                    29$                  207 
Results for the Three Months Ended December 31, 2024
SpecialtyCommercial International Property &
Casualty(In millions)



Net income$                  165$                  222$                    37$                  424Net investment losses (gains), after tax1216(1)27Core income$                  177$                  238$                    36$                  451Less:



Net investment income16519936400Non-insurance warranty revenue (expense)19——19Other revenue (expense), including interest expense(13)(4)(15)(32)Income tax expense on core income (48)(63)(3)(114)Underwriting gain 5410618178Effect of catastrophe losses—331245Effect of favorable development-related items——(1)(1)Underlying underwriting gain$                    54$                  139$                    29$                  222 
Results for the Year Ended December 31, 2025
SpecialtyCommercial International Property &
Casualty(In millions)



Net income $                  615$                  788$                  205$              1,608Net investment losses, after tax2232256Core income $                  637$                  820$                  207$              1,664Less:



Net investment income6507751561,581Non-insurance warranty revenue (expense)51——51Other revenue (expense), including interest expense(55)(12)13(54)Income tax expense on core income (173)(215)(77)(465)Underwriting gain 164272115551Effect of catastrophe losses—21723240Effect of unfavorable (favorable) development-related items3752(25)64Underlying underwriting gain$                  201$                  541$                  113$                 855 
Results for the Year Ended December 31, 2024
SpecialtyCommercial International Property &
Casualty(In millions)



Net income $                  663$                  658$                  153$              1,474Net investment losses, after tax3144—75Core income$                  694$                  702$                  153$              1,549Less:



Net investment income6267331311,490Non-insurance warranty revenue (expense)62——62Other revenue (expense), including interest expense(53)(14)(10)(77)Income tax expense on core income(190)(188)(44)(422)Underwriting gain 24917176496Effect of catastrophe losses—31840358Effect of favorable development-related items(8)—(6)(14)Underlying underwriting gain$                  241$                  489$                  110$                 840Reconciliation of Book Value per Share to Book Value per Share Excluding AOCIBook value per share excluding AOCI allows management and investors to analyze the amount of the Company's net worth primarily attributable to the Company's business operations.  The Company believes this measurement is useful as it reduces the effect of items that can fluctuate significantly from period to period, primarily based on changes in interest rates.
December 31, 2025
December 31, 2024Book value per share$                               42.93
$                               38.82Less: Per share impact of AOCI(4.06)
(7.34)Book value per share excluding AOCI$                               46.99
$                               46.16Calculation of Return on Equity and Core Return on EquityCore return on equity provides management and investors with a measure of how effectively the Company is investing the portion of the Company's net worth that is primarily attributable to its business operations.
Results for the Three Months
Ended December 31
Results for the Year Ended
December 31
($ millions)2025
2024
2025
2024
Annualized net income$           1,206
$                81
$           1,278
$              959
Average stockholders' equity including AOCI (a)11,471
10,635
11,067
10,203
Return on equity10.5%0.8%11.5%9.4%








Annualized core income$           1,267
$           1,366
$           1,342
$           1,316
Average stockholders' equity excluding AOCI (a)12,626
12,549
12,610
12,534
Core return on equity10.0%10.9%10.6%10.5%

(a) Average stockholders' equity is calculated using a simple average of the beginning and ending balances for the period.For additional information, please refer to CNA's most recent 10-K on file with the Securities and Exchange Commission, as well as the financial supplement, available at cna.com.Forward-Looking StatementsThis press release includes statements that relate to anticipated future events (forward-looking statements) rather than actual present conditions or historical events.  These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and generally include words such as "believes," "expects," "intends," "anticipates," "estimates" and similar expressions.  Forward-looking statements, by their nature, are subject to a variety of inherent risks and uncertainties that could cause actual results to differ materially from the results projected.  Many of these risks and uncertainties cannot be controlled by CNA.  For a detailed description of these risks and uncertainties, please refer to CNA's filings with the Securities and Exchange Commission, available at cna.com.Any forward-looking statements made in this press release are made by CNA as of the date of this press release.  Further, CNA does not have any obligation to update or revise any forward-looking statement contained in this press release, even if CNA's expectations or any related events, conditions or circumstances change.Any descriptions of coverage under CNA policies or programs in this press release are provided for convenience only and are not to be relied upon with respect to questions of coverage, exclusions or limitations.  With regard to all such matters, the terms and provisions of relevant insurance policies are primary and controlling.  In addition, please note that all coverages may not be available in all states."CNA" is a registered trademark of CNA Financial Corporation.  Certain CNA Financial Corporation subsidiaries use the "CNA" trademark in connection with insurance underwriting and claims activities.  Copyright © 2026 CNA.  All rights reserved. 





View original content to download multimedia:https://www.prnewswire.com/news-releases/cna-financial-announces-q4-2025-net-income-of-1-11-per-share-and-core-income-of-1-16-per-share-full-year-2025-net-income-of-4-69-per-share-and-core-income-of-4-93-per-share-regular-quarterly-dividend-increased-4-to-0-48-per--302681730.htmlSOURCE CNA Financial

Original: CNA FINANCIAL ANNOUNCES Q4 2025 NET INCOME OF $1.11 PER SHARE AND CORE INCOME OF $1.16 PER SHARE FULL YEAR 2025 NET INCOME OF $4.69 PER SHARE AND CORE INCOME OF $4.93 PER SHARE REGULAR QUARTERLY DIVIDEND INCREASED 4% TO $0.48 PER SHARE SPECIAL DIVIDEND OF

News: $CNA CNA Financial To Report Fourth Quarter 2018 Results And Host Conference Call On February 11

CHICAGO , Jan. 22, 2019 /PRNewswire/ -- CNA Financial Corporation (NYSE: CNA) will report fourth quarter 2018 results before the market opens on Monday, February 11 , 2019.  The news release, earnings presentation and financial supplement will be available on CNA's website at www.c...

Got this from https://marketwirenews.com/news-releases/cna-financial-to-report-fourth-quarter-2018-results-and-host-conference-call-on-february-11-7424032.html

News: $CNA Loews Corporation to Release Fourth Quarter 2018 Results on February 11, 2019

NEW YORK , Jan. 22, 2019 /PRNewswire/ -- Loews Corporation (NYSE: L) will report fourth quarter 2018 financial results on Monday, February 11, 2019.  A conference call for analysts and investors will begin at 11:00 a.m. ET and will be hosted by the Company's chief exec...

Got this from https://marketwirenews.com/news-releases/loews-corporation-to-release-fourth-quarter-2018-results-on-february-11-2019-7424034.html

Revenues are down 50%. That is about to be reflected in the share price. Total scam insurance company. CNA is poison to this country.

Today is 11/5/14 and CNA's pps is $38.60. Now watch it go down. Mark my post. Scam insurance company. I'll check back in a month. I'm estimating low $30s. Maybe lower.

CNA is a scam insurance company that rips off policyholders and doesn't pay out on simple legitimate claims.

Can moves up in ratings and now is higher than the USA

~ $CNA ~Multi chart fix and On the house shots of DD!! Version 3.2.3







~ Barchart: http://barchart.com/quotes/stocks/CNA?
~ OTC Markets: http://www.otcmarkets.com/stock/CNA/company-info
~ Google Finance: http://www.google.com/finance?q=CNA
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=CNA#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=CNA+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=CNA
Finviz: http://finviz.com/quote.ashx?t=CNA
~ BusyStock: http://busystock.com/i.php?s=CNA&v=2
~ CandlestickChart: http://www.candlestickchart.com/cgi/chart.cgi?symbol=CNA&exchange=US
~ Investorshub Trades: http://ih.advfn.com/p.php?pid=trades&symbol=CNA
~ Investorshub Board Search: http://investorshub.advfn.com/boards/getboards.aspx?searchstr=CNA
~ Investorshub PostStream Search: http://investorshub.advfn.com/boards/poststream.aspx?ticker=CNA
~ Investorshub Goodies Search: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=23510&srchyr=2011&SearchStr=CNA
~ Investorshub Message Search: http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=CNA
~ MarketWatch: http://www.marketwatch.com/investing/stock/CNA/profile
~ E-Zone Chart: http://www.windchart.com/ezone/signals/?symbol=CNA
~ 5-Min Wind: http://www.windchart.com/stockta/analysis?symbol=CNA
~ 10-Min Wind: http://www.windchart.com/stockta/analysis?symbol=CNA&size=l&frequency=10&color=g
~ 30-Min Wind: http://www.windchart.com/stockta/analysis?symbol=CNA&size=l&frequency=30&color=g
~ 60-Min Wind: http://www.windchart.com/stockta/analysis?symbol=CNA&size=l&frequency=60&color=g

DTCC (PENSON/TDA) Check - (otc and pinks) - Note ~ I did not check for this chart blast. However, I try and help you to do so with the following links.
IHUB DTCC BOARD SEARCH #1 http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=CNA
IHUB DTCC BOARD SEARCH #2: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=14482&srchyr=2011&SearchStr=CNA
Check those searches for recent CNA mentions. If CNA is showing up on older posts and not on new posts found in link below, The DTCC issues may have been addressed and fixed. Always call the broker if your security turns up on any DTCC/PENSON list.
http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=Complete+list
For a cCNAnt list see the pinned threads at the top here ---> http://tinyurl.com/TWO-OLD-FARTS


Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CNA&time=8&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=25&y=5
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CNA&time=8&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=36&y=14
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CNA&time=8&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=28&y=15



Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CNA&time=6&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=39&y=17
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CNA&time=6&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=35&y=12
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CNA&time=6&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=23&y=19



Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CNA&time=18&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=8&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=38&y=6
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CNA&time=18&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=8&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=30&y=11
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=&symb=CNA&time=18&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=8&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=35&y=14



Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CNA&time=3&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=39&y=14
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CNA&time=3&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=20&y=16
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CNA&time=3&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=46&y=6



Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CNA&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=6&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=42&y=20
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CNA&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=6&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=36&y=11
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CNA&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=6&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=46&y=11



Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CNA&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=31&y=14
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CNA&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=23&y=15
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CNA&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=22&y=15



























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* If a symbol changes or adds a D, etc. Message me for an updated version.
Twitter: @MACDgyver ---> CNA <---

~ $CNA ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $CNA ~ Earnings expected on Monday *
This Week In Earnings: Earnings are coming or are already posted! This is what the charts look like! If you play the earnings these posts can be very helpful to you!
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=CNA&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=CNA&p=W&b=3&g=0&id=p54550695994



~ Barchart: http://barchart.com/quotes/stocks/CNA?
~ OTC Markets: http://www.otcmarkets.com/stock/CNA/company-info
~ Google Finance: http://www.google.com/finance?q=CNA
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=CNA#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=CNA+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=CNA
Finviz: http://finviz.com/quote.ashx?t=CNA
~ BusyStock: http://busystock.com/i.php?s=CNA&v=2
~ CandlestickChart: http://www.candlestickchart.com/cgi/chart.cgi?symbol=CNA&exchange=US
~ Investorshub Trades: http://ih.advfn.com/p.php?pid=trades&symbol=CNA
~ Investorshub Board Search: http://investorshub.advfn.com/boards/getboards.aspx?searchstr=CNA
~ Investorshub PostStream Search: http://investorshub.advfn.com/boards/poststream.aspx?ticker=CNA
~ Investorshub Goodies Search: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18582&srchyr=2011&SearchStr=CNA
~ Investorshub Message Search: http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=CNA
~ MarketWatch: http://www.marketwatch.com/investing/stock/CNA/profile
~ E-Zone Chart: http://www.windchart.com/ezone/signals/?symbol=CNA
~ 5-Min Wind: http://www.windchart.com/stockta/analysis?symbol=CNA
~ 10-Min Wind: http://www.windchart.com/stockta/analysis?symbol=CNA&size=l&frequency=10&color=g
~ 30-Min Wind: http://www.windchart.com/stockta/analysis?symbol=CNA&size=l&frequency=30&color=g
~ 60-Min Wind: http://www.windchart.com/stockta/analysis?symbol=CNA&size=l&frequency=60&color=g


http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.

CNA Financial Corporation (CNAF) is an insurance holding company. The Company’s core business commercial property and casualty insurance operations operate in two segments: CNA Specialty and CNA Commercial. Its non-core businesses are managed in two business segments: Life & Group Non-Core and Corporate & Other Non-Core. The Company’s insurance products primarily include commercial property and casualty coverages. Its services include risk management, information services, and warranty and claims administration. Its products and services are marketed through independent agents, brokers and managing general underwriters to a wide variety of customers, including small, medium and large businesses, associations, professionals and other groups. In June 2011, the Company acquired CNA Financial, Surety Acquisition Corporation.

http://www.google.com/finance?q=CNA