CNA FINANCIAL CORP
For the period ended Dec 31, 2024. Filed Feb 11, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 11, 2025
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Net Investment Income
The significant components of Net investment income are presented in the following table. Fixed income securities, as presented, include both fixed maturity securities and non-redeemable preferred stock.
| (In millions) | 2024 | 2023 |
|---|---|---|
| Fixed income securities: | ||
| Taxable fixed income securities | $1,940 | $1,798 |
| Tax-exempt fixed income securities | 144 | 178 |
| Total fixed income securities | 2,084 | 1,976 |
| Limited partnership and common stock investments | 320 | 202 |
| Other, net of investment expense | 93 | 86 |
| Net investment income | $2,497 | $2,264 |
| Effective income yield for the fixed income securities portfolio | 4.8% | 4.7% |
| Limited partnership and common stock return | 13.3% | 9.4% |
Net investment income increased $233 million in 2024 as compared with 2023 driven by favorable limited partnership and common stock returns, as well as higher income from fixed income securities as a result of a larger invested asset base and favorable reinvestment rates.
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