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CNA Financial (CNA) Q4 Earnings Meet, Special Dividend Ok'd
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Chicago, Il based CNA Financial Corporation (CNA - Free Report) boasts being the eighth largest commercial insurance writer and the 14th largest property and casualty company in the U.S. The company provides insurance coverage for standard commercial lines, specialty lines, surety, marine and other property and casualty coverages.
CNA Financial has been intensifying its focus on core business and as such has been divesting the non-core operations. Besides aligning International operations, the company is also expanding its underwriting capabilities. CNA Financial remains focused on expense management to facilitate margin expansion.
Currently, CNA Financial sports a Zacks Rank #1 (Strong Buy) You can see the complete list of today’s Zacks #1 Rank stocks here., but that could definitely change following its earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
How was the Bottom Line?
CNA Financial meets estimates. Our consensus called for EPS of 82 cents per share, and the company also reported EPS of 82 cents per share.
• P&C combined ratio excluding catastrophe and development was 98.3% compared to 97.7% in the prior year quarter. • Net operating income was $221 million, as against net operating loss of $52 million in the year ago quarter. • Book value (excluding AOCI) as of Dec 31, 2016 was $44.89 per share, up 0.5% from Dec 31, 2015. • Quarterly dividend declared was 25 cents per share and special dividend declared was $2.00 per share.
Check back later for our full write up on this CNA earnings report later!
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CNA Financial (CNA) Q4 Earnings Meet, Special Dividend Ok'd
Chicago, Il based CNA Financial Corporation (CNA - Free Report) boasts being the eighth largest commercial insurance writer and the 14th largest property and casualty company in the U.S. The company provides insurance coverage for standard commercial lines, specialty lines, surety, marine and other property and casualty coverages.
CNA Financial has been intensifying its focus on core business and as such has been divesting the non-core operations. Besides aligning International operations, the company is also expanding its underwriting capabilities. CNA Financial remains focused on expense management to facilitate margin expansion.
Currently, CNA Financial sports a Zacks Rank #1 (Strong Buy) You can see the complete list of today’s Zacks #1 Rank stocks here., but that could definitely change following its earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
How was the Bottom Line?
CNA Financial meets estimates. Our consensus called for EPS of 82 cents per share, and the company also reported EPS of 82 cents per share.
CNA Financial Corporation Price and EPS Surprise
CNA Financial Corporation Price and EPS Surprise | CNA Financial Corporation Quote
Key Stats to Note
• P&C combined ratio excluding catastrophe and development was 98.3% compared to 97.7% in the prior year quarter.
• Net operating income was $221 million, as against net operating loss of $52 million in the year ago quarter.
• Book value (excluding AOCI) as of Dec 31, 2016 was $44.89 per share, up 0.5% from Dec 31, 2015.
• Quarterly dividend declared was 25 cents per share and special dividend declared was $2.00 per share.
Check back later for our full write up on this CNA earnings report later!
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>