Insurance group CNA Financial Corporation has released its financial results for the second quarter of 2024.

Below is the company’s performance during the three and six months ended June 30:

Commenting on the numbers, Chairman and CEO Dino E. Robusto (pictured) said: “We delivered outstanding results in the quarter with an $18 million increase in core income to $326 million, leading to record core income in the first half of 2024. Net investment income increased 7% as returns in our fixed income portfolio increased again this quarter and our alternatives portfolio delivered strong returns.

“Despite the high catastrophe losses in the industry, the overall total property and casualty ratio was 94.8%, including pre-tax catastrophe losses of $82 million, or 3.5 points, which is consistent with our recent five-year average.

“The combined P&C core underwriting ratio was 91.6%, resulting in the fifth consecutive quarter of core underwriting gains of $200 million or more with all three business segments (Specialty, Commercial and International) contributing significantly to the bottom line.”

Robusto, who will become CEO next year when Doug Worman takes over as president and CEO, added that his camp remains optimistic about the second half of 2024.

Meanwhile, the company declared a quarterly dividend of $0.44 per share, payable on August 29.

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