Q3 2022 CNA Financial Corp Earnings Call Transcript
(technical difficulty)
The underlying combined ratio of 90.7% is down 1.8 points compared to the prior year.
International gross written premiums grew 4% and 12%, excluding currency fluctuation. Net written premiums grew 1% or 8% excluding currency fluctuation. Renewal premium change in international was plus 12% with rate and exposure, both up 6%. Retention was also strong at 82%. We are very pleased with our international operation as it increasingly contributes to the success of the overall company.
And with that, I will turn it over to Scott.
Thank you, Dino, and good morning, everyone. As Dino noted, we are pleased with our third quarter results, highlighted by a 95.8% combined ratio with outstanding underlying fundamentals, coupled with strong gross written premium ex captives growth of 9%.
Before providing more information on the financials, I will first discuss Life &
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