CNA Financial Reports Q2 Non-GAAP EPS of $1.19, Exceeding Estimates
CNA Financial (NYSE: CNA) reported second-quarter non-GAAP earnings per share (EPS) of $1.19, surpassing estimates by $0.14. The company's Property & Casualty (P&C) core income came in at $426 million compared to $448 million previously, reflecting weaker underwriting results but partially offset by increased net investment income. The P&C combined ratio for the quarter was 96.5%, indicating a slight improvement from prior expectations and signaling better cost control or pricing discipline within its insurance operations.
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