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CNA Financial Corporation

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CNA Financial’s first-quarter 2018 earnings beat the Zacks Consensus Estimate and also improved year over year on improved premiums as well as core income growth. As one of the versatile property and casualty (P&C) insurers, CNA Financial has been maintaining a good track record of combined ratio over the past few years, thereby leading to underwriting profitability. Moreover, with the rising interest rate environment, the company has been displaying improving investment results over a considerable period of time. The company also remains committed to enhancing shareholders’ value via effective capital deployment. Its long-term care business continues to perform strongly. However, exposure to catastrophe loss poses an inherent risk to the P&C business, thus rendering volatility to the company’s earnings. Shares of CNA Financial have underperformed the industry in a year’s time.

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