CNA P&C UW income falls 25% to $136mn in Q2 as cat losses nearly double to $68mn

Published: Tue 5 Sep 2023

CNA’s second quarter P&C underwriting income fell by 25 percent to $136mn, driven by higher catastrophes – which almost doubled to $68mn – and a significant slowdown in reserve releases, which offset improvement in the core loss ratio and 10 percent growth in earned premiums.