What is CNA Financial's hardy — year 1?

CNA Financial (CNA) reported hardy — year 1 of 15.4% in Q4 2024.

What does hardy — year 1 mean?

The performance or claim data for the first year of an accident year period.

How do you interpret hardy — year 1?

High initial claims activity relative to premiums may indicate aggressive underwriting or poor risk selection.

How does hardy — year 1 compare across companies?

Standard 'Age 1' development year in insurance loss triangle disclosures.

CNA Financial CNA Hardy — Year 1

Discontinued — last reported Q4 '24

Other product segments

Surety

15.2%-12.1%

Similar metrics at other companies

ACGLSpecialty — Year One

26.2%-1.5pp

HIGWorkers' Compensation — 1st Year

14.9%+0.1pp

HIGProperty Insurance — 1st Year

117.4%-0.2pp

EGCasualty Insurance — Year one

15.1%—

ACGLMulti-line and other specialty — Year One

31.2%-1.6pp

ACGLProperty, energy, marine and aviation — Year One

23%+1.5pp

Other financials

Income statement

See full

Revenue$3.7B+1.4%

Net income$211.0M-23.0%

EPS (diluted)$0.78-22.0%

Balance sheet

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Cash & equivalents$522.0M+8.1%

Total debt$3.0B-0.1%

Total equity$10.9B+5.6%

Total assets$68.6B+1.8%

Cash flow

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Operating cash flow$393.0M-38.4%

CapEx$13.0M-27.8%

Free cash flow$380.0M-38.7%

Valuation

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Market cap$12.04B-9.7%

Enterprise value$14.49B-8.4%

P/E9.9×-5.0×

P/S0.8×-0.1×

Profitability

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Net margin8.1%+1.9pp

FCF margin14.4%-3.7pp

Returns & leverage

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Return on equity11.5%+2.5pp

Debt / equity0.3×0.0×

Where this comes from

Reported directly by CNA Financial in its filing.

Tagged under the XBRL concept us-gaap:ShortdurationInsuranceContractsHistoricalClaimsDurationYearOne.

The official record: CNA Financial’s 10-K, filed February 11, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is CNA Financial's hardy — year 1?: CNA Financial (CNA) reported hardy — year 1 of 15.4% in Q4 2024.
What does hardy — year 1 mean?: The performance or claim data for the first year of an accident year period.
How do you interpret hardy — year 1?: High initial claims activity relative to premiums may indicate aggressive underwriting or poor risk selection.
How does hardy — year 1 compare across companies?: Standard 'Age 1' development year in insurance loss triangle disclosures.