NYSE$CNA
CNA Financial Corporation · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
CNA Financial reported Q4 2021 net income and core income, with P&C segments contributing significantly despite higher catastrophe losses. The company achieved its lowest combined ratio in five years and demonstrated strong premium growth.
CNA Financial Corporation announced a net income of $266 million, or $0.98 per share, for Q4 2021, with a core income of $265 million, or $0.97 per share. The P&C segments showed a strong performance, with a combined ratio of 92.9%, the lowest in five years, despite higher catastrophe losses. Gross written premiums ex captives grew by 16%, and net written premiums grew by 11%.
- Net income was $266 million, or $0.98 per share; core income was $265 million, or $0.97 per share.
- P&C segments produced core income of $353 million.
- P&C combined ratio was 92.9%, the lowest in five years.
- Gross written premium growth ex captives was 16%.
Headline financials
Revenue & EPS history
CNA · Revenue · Quarterly
$3.05B
Forward guidance
CNA Financial is optimistic about its opportunities and remains well positioned to capitalize on the favorable market conditions anticipated in 2022, given its strong performance on growth, rate, and profitability.
Tailwinds
- Strong fourth quarter performance in the property and casualty business.
- Gross written premium growth ex captives was 16% in the quarter and 10% for the year.
- New business growth was 28% in the quarter and 19% for the full year.
- Rates were stable with the third quarter at 8%, and for the full year, 9% was achieved.
- Lowest quarterly and annual combined ratio in five years at 92.9% and 96.2%, respectively.
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 Q4 2021
+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% | — | — |
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