Internet revenue up in each intervals
![CNA Financial Corporation reports Q4, full-year results](https://cdn-res.keymedia.com/cdn-cgi/image/w=840,h=504,f=auto/https://cdn-res.keymedia.com/cms/images/us/018/0321_638428180679611706.jpg)
CNA Monetary Company has revealed its earnings report for 2023.
Right here’s how the insurer fared within the fourth quarter and full 12 months of the previous yr:
Metric
|
This autumn 2023
|
This autumn 2022
|
FY 2023
|
FY 2022
|
Property & casualty core revenue
|
$434 million
|
$342 million
|
$1.5 billion
|
$1.2 billion
|
Life & group core revenue / (loss)
|
$4 million
|
$(25 million)
|
$(48 million)
|
$(221 million)
|
Core revenue
|
$362 million
|
$265 million
|
$1.3 billion
|
$836 million
|
Internet revenue
|
$367 million
|
$239 million
|
$1.2 billion
|
$682 million
|
“We ended the yr robust, with core revenue up 37% to a document excessive of $362 million within the fourth quarter capping off a document stage for the yr of $1,284 million, a 54% enhance pushed by a 25% enhance in pretax internet funding revenue and document ranges of underlying and all-in underwriting revenue,” Dino E. Robusto, CNA chair and chief government, mentioned in a launch.
The CEO additionally famous: “Within the quarter, renewal premium change was 5% within the mixture throughout all working segments and geographies. In industrial, renewal premium change was 9% within the quarter, according to the prior quarter, and excluding staff’ compensation, renewal premium change was 11% persevering with to exceed our loss value tendencies which remained steady within the quarter.
“We stay optimistic about our alternatives for this yr given our broad-based profitability throughout our three working segments and observe document of double-digit development ranges within the final a number of years.”
What do you concentrate on this story? Share your ideas within the feedback beneath.
Associated Tales
Sustain with the newest information and occasions
Be a part of our mailing checklist, it’s free!
![](https://www.insurancebusinessmag.com/images/mail.png)