CNA Financial Corp Files 10-Q for Q2 2024
Ticker: CNA · Form: 10-Q · Filed: Jul 29, 2024 · CIK: 21175
| Field | Detail |
|---|---|
| Company | Cna Financial Corp (CNA) |
| Form Type | 10-Q |
| Filed Date | Jul 29, 2024 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 20 min |
| Key Dollar Amounts | $2.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, insurance
TL;DR
CNA Financial Corp's Q2 2024 10-Q is in. Check financials.
AI Summary
CNA Financial Corp filed its 10-Q for the period ending June 30, 2024. The filing details financial performance and operational updates for the second quarter of 2024. Key financial data and business segments are presented, reflecting the company's ongoing activities in the insurance industry.
Why It Matters
This 10-Q filing provides investors and analysts with crucial financial data and insights into CNA Financial Corp's performance, helping them make informed investment decisions.
Risk Assessment
Risk Level: medium — 10-Q filings are standard for public companies, but the specific financial details within can reveal risks or opportunities.
Key Players & Entities
- CNA FINANCIAL CORP (company) — Filer
- 20240630 (date) — Period of Report
- 20240729 (date) — Filed as of Date
- 3128225000 (dollar_amount) — Business Phone
FAQ
What is the reporting period for this 10-Q filing?
The conforming period of report is 20240630, meaning the filing covers the period ending June 30, 2024.
When was this 10-Q filing submitted to the SEC?
The filing was submitted on 20240729.
What is CNA Financial Corp's Standard Industrial Classification (SIC) code?
CNA Financial Corp's SIC code is 6331, which corresponds to FIRE, MARINE & CASUALTY INSURANCE.
What is the company's state of incorporation?
CNA Financial Corp is incorporated in Delaware (DE).
What is the company's fiscal year end?
The company's fiscal year ends on December 31 (1231).
Filing Stats: 4,918 words · 20 min read · ~16 pages · Grade level 18.2 · Accepted 2024-07-29 07:43:05
Key Financial Figures
- $2.50 — ich registered Common Stock, Par value $2.50 " CNA " New York Stock Exchange Chica
Filing Documents
- cna-20240630.htm (10-Q) — 2676KB
- q22024cnaexhibit313.htm (EX-3.1 3) — 7KB
- q22024cnaex101.htm (EX-10.1) — 110KB
- q22024cnaex102.htm (EX-10.2) — 115KB
- q22024cnaex311.htm (EX-31.1) — 12KB
- q22024cnaex312.htm (EX-31.2) — 12KB
- q22024cnaex321.htm (EX-32.1) — 7KB
- q22024cnaex322.htm (EX-32.2) — 7KB
- 0000021175-24-000056.txt ( ) — 14308KB
- cna-20240630.xsd (EX-101.SCH) — 66KB
- cna-20240630_cal.xml (EX-101.CAL) — 130KB
- cna-20240630_def.xml (EX-101.DEF) — 331KB
- cna-20240630_lab.xml (EX-101.LAB) — 691KB
- cna-20240630_pre.xml (EX-101.PRE) — 518KB
- cna-20240630_htm.xml (XML) — 3614KB
Condensed Consolidated Financial Statements
Item 1. Condensed Consolidated Financial Statements CNA Financial Corporation Condensed Consolidated Statements of Operations (Unaudited) Periods ended June 30 Three Months Six Months (In millions, except per share data) 2024 2023 2024 2023 Revenues Net earned premiums $ 2,498 $ 2,347 $ 4,939 $ 4,595 Net investment income 618 575 1,227 1,100 Net investment losses ( 10 ) ( 32 ) ( 32 ) ( 67 ) Non-insurance warranty revenue 404 407 811 814 Other revenues 9 7 18 14 Total revenues 3,519 3,304 6,963 6,456 Claims, Benefits and Expenses Insurance claims and policyholders' benefits (re-measurement loss of $( 25 ), $( 33 ), $( 40 ) and $( 34 )) 1,882 1,779 3,689 3,432 Amortization of deferred acquisition costs 435 403 879 782 Non-insurance warranty expense 388 384 782 768 Other operating expenses 378 346 715 683 Interest 34 31 69 59 Total claims, benefits and expenses 3,117 2,943 6,134 5,724 Income before income tax 402 361 829 732 Income tax expense ( 85 ) ( 78 ) ( 174 ) ( 152 ) Net income $ 317 $ 283 $ 655 $ 580 Basic earnings per share $ 1.17 $ 1.04 $ 2.41 $ 2.14 Diluted earnings per share $ 1.17 $ 1.04 $ 2.40 $ 2.13 Weighted Average Outstanding Common Stock and Common Stock Equivalents Basic 271.6 271.2 271.6 271.2 Diluted 272.6 272.0 272.6 272.1 The accompanying Notes are an integral part of these Condensed Consolidated Financial Statements (Unaudited). 3 Table of Contents CNA Financial Corporation Condensed Consolidated Statements of Comprehensive Income (Unaudited) Periods ended June 30 Three Months Six Months (In millions) 2024 2023 2024 2023 Comprehensive Income Net income $ 317 $ 283 $ 655 $ 580 Other Comprehensive Income (Loss), net of tax Changes in: Net unrealized gains and losses on investments with an allowance for credit losses — ( 1 ) 2 ( 9 ) Net unrealized gains and losses on other investments ( 244 ) ( 413 ) ( 461 ) 257 Net unrealized gains and losses on investments ( 244 ) ( 414 ) ( 459 ) 248 Impact of ch