CNA Financial Corporation reported strong second quarter results, driven by robust investment income and excellent underwriting gains. The company achieved an underwriting gain of $150 million, marking a 21% increase from the previous year. Gross written premiums, excluding captives, grew by 5% while maintaining underwriting discipline. CNA launched Cardinal ECS, a new brand dedicated to the excess and surplus market, emphasizing specialized solutions through partnerships with wholesale brokers. New business rose significantly by 43%, bolstering their portfolio, which has seen twenty consecutive quarters of underwriting profitability. Core income reached $335 million, up by $9 million from the prior year.
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