CNA - CNA Financial Non-GAAP EPS of $0.90 misses by $0.13

• CNA Financial press release ( NYSE: CNA ): Q2 Non-GAAP EPS of $0.90 misses by $0.13 .
• The P&C combined ratio was 91.0%, the lowest in over five years, compared with 94.0% in the prior year quarter, including 1.8 points of catastrophe loss impact compared with 2.8 points in the prior year quarter.
• The underlying combined ratio was 90.8%,the lowest on record, compared with 91.4% in the prior year quarter.  The underlying loss ratio was 60.0% and the expense ratio was 30.5%.
• P&C written rate of +6% and earned rate of +8% for the quarter.
• Book value per share excluding AOCI of $45.06, a 4% increase from year-end 2021 adjusting for $2.80 of dividends per share; book value per share of $35.06 was also impacted by a decrease in AOCI reflecting the effect of higher interest rates on fixed income net unrealized gains and losses.

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