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CNA Financial (CNA) Q4 Earnings Meet, Special Dividend Ok'd

Chicago, Il based CNA Financial CorporationCNA boasts being the eighth largest commercial insurance writer and the 14th largest property and casualty company in the U.S. The company provides insurance coverage for standard commercial lines, specialty lines, surety, marine and other property and casualty coverages.

CNA Financial has been intensifying its focus on core business and as such has been divesting the non-core operations. Besides aligning International operations, the company is also expanding its underwriting capabilities. CNA Financial remains focused on expense management to facilitate margin expansion.

Currently, CNA Financial sports a Zacks Rank #1 (Strong Buy) You can see the complete list of today's Zacks #1 Rank stocks here ., but that could definitely change following its earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:

How was the Bottom Line?

CNA Financial meets estimates. Our consensus called for EPS of 82 cents per share, and the company also reported EPS of 82 cents per share.

CNA Financial Corporation Price and EPS Surprise

CNA Financial Corporation Price and EPS Surprise | CNA Financial Corporation Quote

Key Stats to Note

• P&C combined ratio excluding catastrophe and development was 98.3% compared to 97.7% in the prior year quarter.

• Net operating income was $221 million, as against net operating loss of $52 million in the year ago quarter.

• Book value (excluding AOCI) as of Dec 31, 2016 was $44.89 per share, up 0.5% from Dec 31, 2015.

• Quarterly dividend declared was 25 cents per share and special dividend declared was $2.00 per share.

Check back later for our full write up on this CNA earnings report later!

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CNA Financial Corporation (CNA): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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