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CNA Financial: Conservative, Not Complacent—The Risk-Managed Portfolio Strategy That’s Fueling $638M in Quarterly Investment Income!

CNA Financial Corporation’s third-quarter results illustrate a strong performance characterized by significant core income and robust underwriting gains. Core income reached a record $409 million, marking a substantial increase from the previous year. This was largely driven by strong underwriting results and higher net investment income, which collectively contributed to a year-to-date core income exceeding $1 billion for the first time in the company’s history. The underwriting income alone amounted to $194 million, reflecting nearly a three-fold increase from the comparable period in the prior year, aided by lower catastrophe losses. Additionally, CNA’s net written premiums experienced a modest growth of 3%, indicating the company’s ability to capitalize on targeted growth opportunities while maintaining a disciplined approach to underwriting. The Property & Casualty (P&C) all-in combined ratio stood at 92.8% for the quarter, benefitting from a noticeably lower catastrophe loss ratio compared to the five-year average.