89.1% Combined Ratio and Still Lost Money...Ouch!

Celent will help qualify your requirements and introduce you to the vendor
Spotted a missing vendor? Use this form to alert a vendor to the Celent service
Create a vendor selection project & run comparison reports
Register to access this feature
Click to express your interest in this report
Indication of coverage against your requirements
Vendor requires PRO subscription to activate this feature
Requires research subscription, contact Celent for more info
11 February 2009
Michael Fitzgerald
I was struck by CNA's fourth quarter results where they reported an improvement over last year's Q4 combined ratio -- 89.1%. Once upon a time, that would have been "golden". But, because they recognized losses of over $300million on mark-to-market actions for some of their investments, they LOST money for the year. What a leadership challenge it is to keep everyone motivated in the face of great results with bad outcomes. Let's all recognize one anothers' efforts to work hard, contribute and push through these unprecidented times.

Insight details

Content Type
Asia-Pacific, EMEA, LATAM, North America