Back to top

Image: Bigstock

CNA Financial (CNA) Earnings Beat Estimates in Q1

Read MoreHide Full Article

Chicago, Il based CNA Financial Corporation (CNA - Free Report) 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 carries a Zacks Rank #3 (Hold) You can see the complete list of today’s Zacks #1 Rank (Strong Buy) 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 beat estimates. Our consensus called for EPS of 79 cents per share, and the company reported EPS of 87 cents per share.

Key Stats to Note

• P&C combined ratio excluding catastrophe and development, as of Mar 31, 2017, was 97.4%, remaining flat year over year.
• Net operating income was $235 million, which skyrocketed 158.2% from the year-ago quarter.
• Book value (excluding AOCI) as of Mar 31, 2017 was $43.49 per share, down 3.1% from Dec 31, 2016.
• Quarterly dividend declared was 25 cents per share.

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

Zacks' Hidden Trades

While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them? 

Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.

Click here for Zacks' secret trade>>


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


CNA Financial Corporation (CNA) - free report >>

Published in