CNA Financial posts record income while underwriting margins deteriorate

Underwriting pressure mirrors peers

Core income for the quarter reached $317 million, or $1.16 per share, down from $342 million, or $1.25 per share, in the fourth quarter of 2024. CNA’s property and casualty segments delivered core income of $449 million, broadly flat year over year, as underwriting results softened but were largely offset by stronger investment income.