NYSE$CNA
CNA Financial Corporation · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
CNA Financial reported net income of $0.79 per share and core income of $0.71 per share for the third quarter of 2020.
CNA Financial Corporation announced third quarter 2020 net income of $213 million, or $0.79 per share, versus $107 million, or $0.39 per share, in the prior year quarter. Core income for the current quarter was $193 million, or $0.71 per share, versus $102 million, or $0.37 per share, in the prior year quarter.
- Third quarter net income was $213 million versus net income of $107 million in the prior year quarter, and core income was $193 million versus core income of $102 million in the prior year quarter.
- Third quarter net and core income includes an LTC GPV charge of $59 million after-tax primarily driven by actions taken on discount rate assumptions.
- Third quarter net catastrophe losses were $160 million pretax driven by severe weather related events, primarily Hurricanes Laura, Isaias and Sally, and the Midwest derecho. No change to COVID-19 catastrophe loss estimate.
- The third quarter P&C combined ratio was 100.9% compared with 97.6% in the prior year quarter, including 8.7 points of catastrophe loss impact compared with 1.8 points in the prior year quarter.
Headline financials
Revenue & EPS history
CNA · Revenue · Quarterly
$2.82B
Forward guidance
CNA continued to execute effectively during these unprecedented times as evidenced by the ongoing acceleration in our P&C rate achievement, higher overall premium growth and a significantly improved underlying loss ratio and expense ratio in the third quarter. And, with our annual reserve review of our runoff Long Term Care business, we took significant actions on our discount rate assumptions intended to further protect our capital and earnings in the face of what can very well be a protracted low interest rate environment.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2020
+0.6%
Avg return
Earnings day
+1.9%
Avg return
5 days after
+0.2%
Avg return
30 days after
54%
33 / 61 earnings
Positive
+8.9%
Q3 2020
Best reaction
-7.9%
Q1 2026
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -7.9% | -9.4% | -12.8% | |
| Q4 2025 | -1.4% | -2.3% | -5.9% | |
| Q3 2025 | -1.3% | +1.5% | +3.3% | |
| Q1 2025 | -0.5% | +0.1% | -2.7% | |
| Q4 2024 | +1.2% | -0.7% | -2.9% | |
| Q3 2024 | -0.1% | +3.8% | +4.8% | |
| Q2 2024 | +2.5% | +0.8% | +6.8% | |
| Q1 2024 | -0.5% | +1.2% | +1.7% | |
| Q4 2023 | +6.4% | +6.0% | +2.2% | |
| Q3 2023 | +2.2% | +1.3% | +4.7% | |
| Q2 2023 | -1.1% | +4.8% | -0.9% | |
| Q1 2023 | +1.0% | +2.6% | -5.3% | |
| Q4 2022 | +5.9% | +6.0% | -0.0% | |
| Q3 2022 | +0.6% | +0.3% | +1.0% | |
| Q2 2022 | -5.8% | -5.7% | -9.3% | |
| Q1 2022 | -4.5% | -4.0% | -3.9% | |
| Q4 2021 | +1.9% | +1.1% | -4.5% | |
| Q3 2021 | +3.3% | +2.2% | -6.8% | |
| Q2 2021 | -0.0% | +0.6% | +1.3% | |
| Q1 2021 | +1.5% | +3.0% | +1.6% | |
| Q4 2020 | +5.8% | +6.0% | +12.7% | |
| Q3 2020 | +8.9% | +9.3% | +19.6% | |
| Q2 2020 | -3.0% | +2.6% | -3.0% | |
| Q1 2020 | -0.1% | +1.3% | +8.8% | |
| Q4 2019 | +8.3% | +7.5% | -17.2% | |
| Q3 2019 | -1.5% | -1.1% | -2.4% | |
| Q2 2019 | +0.5% | +2.4% | +0.8% | |
| Q1 2019 | +2.2% | +1.0% | -0.6% | |
| Q4 2018 | -7.1% | -4.3% | -7.1% | |
| Q3 2018 | +7.8% | +10.3% | +4.4% | |
| Q2 2018 | -3.8% | -4.7% | -7.2% | |
| Q1 2018 | +2.5% | -0.9% | -3.2% | |
| Q4 2017 | +5.9% | +8.9% | +6.3% | |
| Q3 2017 | +6.6% | +8.2% | +7.3% | |
| Q2 2017 | +6.8% | +7.6% | -0.3% | |
| Q1 2017 | +0.2% | +0.8% | +0.8% | |
| Q4 2016 | +0.2% | +0.3% | +2.8% | |
| Q3 2016 | +4.3% | +3.2% | +9.9% | |
| Q2 2016 | -1.0% | +3.0% | +4.6% | |
| Q1 2016 | +3.1% | — | — | |
| Q4 2015 | -7.3% | — | — | |
| Q3 2015 | +0.5% | — | — | |
| Q2 2015 | -1.6% | — | — | |
| Q1 2015 | -1.8% | — | — | |
| Q4 2014 | +4.5% | — | — | |
| Q3 2014 | -0.6% | — | — | |
| Q2 2014 | -2.4% | — | — | |
| Q1 2014 | -6.6% | — | — | |
| Q4 2013 | +7.2% | — | — | |
| Q3 2013 | +2.3% | — | — | |
| Q2 2013 | +2.3% | — | — | |
| Q1 2013 | +1.0% | — | — | |
| Q4 2012 | +0.3% | — | — | |
| Q3 2012 | +2.3% | — | — | |
| Q2 2012 | -3.3% | — | — | |
| Q4 2011 | -1.2% | — | — | |
| Q3 2011 | -0.9% | — | — | |
| Q2 2011 | -2.9% | — | — | |
| Q1 2010 | -1.5% | — | — | |
| Q4 2010 | +1.2% | — | — | |
| Q3 2010 | -2.2% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro