Overview

* CNA Financial ( CNA ) net income for Q3 rises to $403 mln, reflecting strong operational performance

* Q3 adjusted EPS of $1.50

* Company declares regular quarterly dividend of $0.46 per share

Outlook

* Company did not provide specific guidance for future quarters or full year

Result Drivers

* LOWER CATASTROPHE LOSSES - P&C core income rose due to reduced catastrophe losses and improved underwriting results

* INVESTMENT INCOME GROWTH - Net investment income increased by 2%, driven by fixed income securities

* EXPENSE MANAGEMENT - Combined ratio improved due to disciplined underwriting and expense management

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $1.50 $1.32 (1

Adjusted Analyst)

EPS

Q3 EPS $1.48

Q3 Net $403 mln

Income

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the property & casualty insurance peer group is "buy."

* Wall Street's median 12-month price target for CNA Financial Corp ( CNA ) is $35.75, about 24.6% below its October 31 closing price of $44.55

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)