CNA UW gain halves as $55mn Helene loss causes cat claims to jump in Q3

Published: Mon 4 Nov 2024

CNA Financial’s P&C underwriting gain fell by nearly 50 percent in the third quarter, driven by catastrophe losses that rose by 52.1 percent to $143mn, while the company’s underlying loss ratio crept up by 110 basis points (bps) to 61.1 percent.