CNA Financial Q4 net income $1.0 billionChristian Fernsby ▼ | February 10, 2020
CNA Financial Corporation today announced fourth quarter 2019 net income of $273 million and core income of $265 million.
CNA Financial Core income was $979 million
Topics: CNA Financial
Property and Casualty Operations combined ratio for the fourth quarter was 95.6% and the underlying combined ratio was 94.9%.
Net investment income, after tax, was $443 million for the fourth quarter of 2019, including $56 million from limited partnership and common stock investments.
Excluding third party captives, Property and Casualty Operations generated gross written premium growth of 8% and net written premium growth of 6% for the fourth quarter of 2019.
Life and Group and Corporate and Other segments produced core losses for the fourth quarter of 2019 of $(4) million and $(68) million, respectively, with the latter driven by a $48 million after tax non economic charge related to asbestos and environmental pollution.
CNA Financial declared a quarterly dividend of $0.37 per share and a special dividend of $2.00 per share, payable March 12, 2020 to stockholders of record on February 24, 2020. ■