CNA Financial Corp.
-0.39 %
12.18 %
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
PassAs 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
PassAfter 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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