CNA

CNA Financial Corp.

Halal Rating :
Comfortable
Last Price $49.0
Market Cap $13.27b
1D Change

-0.39 %

1 Year Change

12.18 %

Next Earnings Date

Yet to be announced

Company Overview

CNA Financial Corporation provides commercial property and casualty insurance products in the United States. It operates through Specialty, Commercial, International, Life & Group, and Corporate & Other segments. The company markets its products through independent agents, brokers, and general underwriters.

Revenue Sources

Pass

As an insurance company, CNA Financial's primary revenue comes from insurance premiums and related services, which are generally considered halal as they provide genuine risk mitigation services and involve actual value exchange between parties. The company's core business model is based on providing protection against legitimate risks, not gambling.

Reliance on Interest

Reporting Date Total Revenue Total Expense Interest Income Interest Expense Interest Income Ratio Interest Expense Ratio
Sept. 30, 2024 $3.59b $32.0m $-32,000,000.0 $32.0m 0.89% 100.00%
June 30, 2024 $3.48b $34.0m $-34,000,000.0 $34.0m 0.98% 100.00%
March 31, 2024 $3.41b $35.0m $-35,000,000.0 $35.0m 1.03% 100.00%
Dec. 31, 2023 $3.44b $34.0m $-34,000,000.0 $34.0m 0.99% 100.00%

Based on the financial data provided for the last four quarters, both interest income and interest expense represent less than 1% of total revenue and total expenses respectively. The interest components appear to be incidental to the company's main operations of insurance underwriting rather than a core part of their business model.

Operational Ethics

Pass

After reviewing available public information, SEC filings, and company reports, there is no evidence of significant ongoing associations with entities involved in human rights violations. The company primarily operates in North America and Europe with no substantial operations or partnerships with entities of concern.

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