BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

CNA profit falls on cat losses, lower investments, liability charge


CNA Financial Corp. on Monday reported net income of $266 million for the fourth quarter of 2021, down 31.3% compared with the year-earlier period, as the insurer’s investments fell and it reported a $48 million charge related to asbestos and pollution liabilities.

CNA, which saw net investment gains drop to $1 million from $52 million in the fourth quarter of 2020, reported catastrophe losses of $40 million, compared with $14 million in the prior-year quarter.

Favorable noncatastrophe results, though, offset the cat losses leading to an improved combined ratio of 92.9% for the quarter, compared with 93.4% a year earlier.

In its core property/casualty business, CNA reported net written premium of $2.16 billion, up 11% from the prior-year period.

For the full year, CNA reported net income of $1.2 billion, up 74.2% from 2020, as catastrophe losses fell and investment gains increased. The insurer reported a 2021 combined ratio of 96.2%, compared with 100.1% for 2020, and property/casualty net written premium of $7.92 billion, up 4.7%.

Read Next

  • CNA’s insurance won’t cover all of ransomware loss

    CNA Financial Corp.’s cyber insurance won’t cover all its losses from a ransomware attack that forced it to disconnect its systems in March, the insurer disclosed in its third-quarter filing with the Securities and Exchange Commission.