CNA Financial reported first-quarter revenues of $3.70 billion, up 1.6% year on year but falling 2.8% short of analyst expectations, alongside a significant miss on earnings per share. The property and casualty insurer, majority-owned by Loews Corporation, was part of a mixed quarter for the 32 P&C insurance stocks tracked, which collectively beat revenue consensus by 1.9%. Mercury General led the group with a 5.4% revenue beat, while Fidelity National Financial posted the weakest performance, missing estimates by 10.7%. CNA Financial shares have declined 4.9% since the report, trading at $45.68.
CNA Financial CorporationCNA Financial missed Q1 revenue and EPS estimates, causing a 4.9% stock decline.
Fidelity National Financial Inc
Mercury General Corporation
NMI Holdings Inc
Progressive Corp
Loews Corp