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CMS Energy (CMS) came out with quarterly earnings of $1.13 per share, beating the Zacks Consensus Estimate of $1.11 per share. This compares to earnings of $1.02 per share a year ago.

All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.

While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.

Based in Jackson, CMS Energy (CMS - Free Report) is in the Utilities sector, and so far this year, shares have seen a price change of 8.57%. Currently paying a dividend of $0.57 per share, the company has a dividend yield of 3%. In comparison, the Utility - Electric Power industry's yield is 2.82%, while the S&P 500's yield is 1.39%.

Looking at dividend growth, the company's current annualized dividend of $2.28 is up 5.1% from last year. Over the last 5 years, CMS Energy has increased its dividend 5 times on a year-over-year basis for an average annual increase of 5.79%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. CMS Energy's current payout ratio is 60%, meaning it paid out 60% of its trailing 12-month EPS as dividend.

Looking at this fiscal year, CMS expects solid earnings growth. The Zacks Consensus Estimate for 2026 is $3.87 per share, with earnings expected to increase 7.20% from the year ago period.

Investors like dividends for a variety of different reasons, from tax advantages and decreasing overall portfolio risk to considerably improving stock investing profits. It's important to keep in mind that not all companies provide a quarterly payout.

High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. That said, they can take comfort from the fact that CMS is not only an attractive dividend play, but also represents a compelling investment opportunity with a Zacks Rank of #2 (Buy).

Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- The Board of Directors of CMS Energy has declared a dividend on the 4.200% Cumulative Redeemable Perpetual Preferred Stock, Series C of the Corporation.

The following dividend is payable July 15, 2026, to shareholders of record at the close of business on July 1, 2026: $0.2625 per depositary share (NYSE: CMS PRC).

Additional dividend information, including the tax status of CMS Energy's dividend distributions, can be obtained through the Tax Information section of CMS Energy's website.

CMS Energy (NYSE: CMS) is a Michigan-based energy provider featuring Consumers Energy as its primary business. It also owns and operates independent power generation businesses.

For more information on CMS Energy, please visit our website at cmsenergy.com.
To sign up for email alert notifications, please visit the Investor Relations section of our website.

SOURCE CMS Energy

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A month has gone by since the last earnings report for CMS Energy (CMS - Free Report) . Shares have lost about 0.7% in that time frame, underperforming the S&P 500.

Will the recent negative trend continue leading up to its next earnings release, or is CMS Energy due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its latest earnings report in order to get a better handle on the important drivers.

CMS Energy Q1 Earnings Beat Estimates, Revenues Increase Y/Y

CMS Energy Corporation reported first-quarter 2026 earnings per share (EPS) of $1.13, which beat the Zacks Consensus Estimate of $1.11 by 1.8%. The bottom line also increased 10.8% from $1.02 in the prior-year quarter.

The company reported GAAP earnings of $1.10 per share, up from $1.01 recorded in the year-ago quarter.

CMS' RevenuesOperating revenues totaled $2.73 billion, which topped the Zacks Consensus Estimate of $2.53 billion by 8.1%. The top line also increased 11.6% from $2.45 billion in the prior-year quarter.

Operational Performance of CMSCMS' operating expenses amounted to $2.24 billion, up 14.7% from the year-ago quarter’s figure.

Operating income was $490 million, lower than the year-ago quarter’s figure of $494 million.

Interest charges totaled $203 million, up 9.1% from that recorded in the year-ago quarter.

Financial Condition of CMSCMS Energy had cash and cash equivalents of $175 million as of March 31, 2026 compared with $509 million as of Dec. 31, 2025.

As of March 31, 2026, total debt and financial leases (excluding securitization debt) were $18.54 billion compared with $18.31 billion as of Dec. 31, 2025.

The net cash flow from operating activities was $0.71 billion during the first three months of 2026 compared with $1 billion in the prior-year period.

CMS' 2026 GuidanceThe company reaffirmed its 2026 adjusted earnings guidance of $3.83-$3.90 per share. The Zacks Consensus Estimate for 2026 earnings is currently pegged at $3.87, higher than the midpoint of the company’s guided range.

CMS also reaffirmed its long-term adjusted EPS growth in the band of 6-8%.

How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a downward trend in estimates revision.

VGM ScoresAt this time, CMS Energy has a poor Growth Score of F, a score with the same score on the momentum front. However, the stock was allocated a grade of C on the value side, putting it in the middle 20% for value investors.

Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending downward for the stock, and the magnitude of this revision indicates a downward shift. Interestingly, CMS Energy has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

, /PRNewswire/ -- CMS Energy announced today, Sri Maddipati, currently Consumers Energy's senior vice president and president of electric supply, will be named CMS Energy and Consumers Energy Executive Vice President and Chief Financial Officer, effective on June 3. Sri will oversee Investor Relations, Treasury, Tax, Accounting, and Financial Planning. Chris Fultz, vice president of low voltage distribution at Consumers Energy, will become the new senior vice president and president of electric supply, also effective on June 3. Chris will manage the company's electric supply business unit, which includes electric supply planning and strategy, market operations, generating plant operations and engineering, generation development and procurement.

"Sri has nearly 20 years of experience across finance, treasury, banking, capital markets, and investor relations which allows for a seamless transition of leadership," said Garrick Rochow, President and CEO of CMS Energy and Consumers Energy. "Sri has held several senior leadership positions across our company and brings a combination of financial, operational, strategic and regulatory skills which reflects the company's thoughtful approach to development and succession and makes him exceptionally well-suited to serve as our next CFO and help lead the company forward."

Sri joined CMS Energy in 2014 and was elected as vice president and treasurer in 2016 where he was responsible for budget and planning, corporate liquidity, financing and maintaining relationships with investors, banks and rating agencies, a position he held until he moved to the role of Consumers Energy vice president electric supply in 2023. In that role, Sri was responsible for Consumers Energy's electric supply business unit, which includes electric supply planning and strategy, market operations, generating plant operations and engineering, and generation development and procurement. Sri was appointed Consumers Energy senior vice president and president of the electric supply business unit in 2025. Prior to joining CMS Energy, Sri was a vice president in the financial institutions group at Goldman Sachs. Sri holds bachelor's and master's degrees in engineering and a Master in Business Administration, all from the University of Michigan.

"Chris brings a clear commitment to safety, reliability, and affordability, along with the ability to lead large-scale operations and teams to the electric supply organization," said Garrick Rochow, President and CEO of CMS Energy and Consumers Energy. "His broad expertise and leadership within operations, engineering, and project management will be an asset as we plan and execute our long-term energy supply blueprint."

Chris previously served as vice president of low voltage distribution in our electric business and vice president of natural gas operations. Since joining the company in 2014, Chris held increasingly responsible roles within project management, natural gas operations, transmission, storage and compression. Prior to Consumers Energy, Fultz worked for Black & Veatch, and he holds bachelor's and master's degrees in electrical engineering from Michigan Technological University, and a master's degree in business administration from Oakland University.

Rejji Hayes will retire as Executive Vice President and Chief Financial Officer, effective June 3.

"I want to thank Rejji Hayes for his leadership and many contributions to the company. His impact to our co-workers, communities, customers, and investors has been meaningful, and we are grateful for his service. I wish Rejji the very best in the future."

CMS Energy (NYSE: CMS) is a Michigan-based energy provider featuring Consumers Energy as its primary business. It also owns and operates independent power generation businesses.

Investors and others should note that CMS Energy routinely posts important information on its website and considers the Investor Relations section, www.cmsenergy.com/investor-relations, a channel of distribution. 

SOURCE CMS Energy

CMS Energy is an American energy holding company. Founded in 1886, CMS is now a $22 billion (by market cap) energy player employing more than 8,000 people. CMS has increased its dividend for 20 consecutive years. Its 10-year dividend growth rate of 6.5% is very solid for a power utility. CMS has a fairly standard financial position for a power utility. Its long-term debt/equity ratio is 1.8, while the interest coverage ratio is over 2.

Clover stock is at critical resistance. What’s behind CLOV new highs? The Legal WinOn June 9, CMS informed Clover that it had recalculated the rating to 4.5 Stars and instructed the company to submit alternate bids at that level. The upgraded rating applies to Clover’s PPO plan, Contract H5141, which covers more than 97% of the company’s members. Clover’s HMO plan’s 2026 Star Rating was not subject to the litigation and remains at 4.0 Stars.

Why It MattersThe Star Rating upgrade is significant because Medicare Star Ratings directly impact the reimbursement rates Clover receives from CMS for Payment Year 2027. A jump from 3.5 to 4.5 Stars means meaningfully higher payments from the government — improving the company’s revenue outlook at a time when it is targeting its first-ever full year of net income profitability in 2026.

Clover Shares SurgeCLOV Price Action: At the time of publication, Clover shares are trading 4.29% higher at $5.10, according to data from Benzinga Pro.

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For the quarter ended March 2026, TripAdvisor (TRIP - Free Report) reported revenue of $382.4 million, down 3.9% over the same period last year. EPS came in at -$0.11, compared to $0.14 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $385.45 million, representing a surprise of -0.79%. The company delivered an EPS surprise of -230.33%, with the consensus EPS estimate being -$0.03.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how TripAdvisor performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Revenue- TheFork: $57.3 million versus $56.07 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +23.5% change.Revenue- Intersegment eliminations: $-0.7 million compared to the $-0.73 million average estimate based on three analysts. The reported number represents a change of -97% year over year.Revenues- Hotels and Other- Media and advertising: $28 million compared to the $24.47 million average estimate based on two analysts.Revenues- Hotels and Other- Other: $15.5 million versus the two-analyst average estimate of $13.42 million.Revenues- Hotels and Other- Hotels: $114.4 million compared to the $117.3 million average estimate based on two analysts.Revenues- Experiences: $167.9 million versus the two-analyst average estimate of $173.32 million.Revenues- Hotels and Other: $157.9 million versus the two-analyst average estimate of $155.19 million.Adjusted EBITDA- TheFork: $4.6 million versus the three-analyst average estimate of $0.48 million.Adjusted EBITDA- Hotels and Other: $36.7 million versus the two-analyst average estimate of $34.17 million.Adjusted EBITDA- Experiences: $-19.2 million versus $-19.15 million estimated by two analysts on average.View all Key Company Metrics for TripAdvisor here>>>

Shares of TripAdvisor have returned +2.3% over the past month versus the Zacks S&P 500 composite's +11.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

New York, New York--(Newsfile Corp. - May 7, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Trip.com Group Limited (NASDAQ: TCOM) between April 30, 2024 and January 13, 2026, both dates inclusive (the "Class Period"), of the important May 11, 2026 lead plaintiff deadline in the securities class action first filed by the Firm.

SO WHAT: If you purchased Trip.com securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Trip.com class action, go to https://rosenlegal.com/submit-form/?case_id=50668 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 11, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) defendants recklessly understated the regulatory risk facing Trip.com as a result of its monopolistic business activities; and (2) as a result, defendants' statements about Trip.com's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Trip.com class action, go to https://rosenlegal.com/submit-form/?case_id=50668 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/296536

Source: The Rosen Law Firm PA

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2 hours ago

MSA Safety Incorporporated (NYSE:MSA) CFO Acquires $71,093.12 in StockMarketBeat

MSA Safety Incorporporated (NYSE:MSA - Get Free Report) CFO Julie Beck bought 448 shares of the stock in a transaction dated Thursday, June 11th. The stock was acquired at an average price of $158.69 per share, with a total value of $71,093.12. Following the completion of the purchase, the chief financial officer owned 3,825 shares of the company's stock, valued at $606,989.25. This represents a 13.27% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

NYSE:MSA

Read MSA Safety Incorporporated (NYSE:MSA) CFO Acquires $71,093.12 in Stock

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Insider Selling: NBT Bancorp (NASDAQ:NBTB) Director Sells 2,100 Shares of StockMarketBeat

NBT Bancorp Inc. (NASDAQ:NBTB - Get Free Report) Director Heidi Hoeller sold 2,100 shares of the business's stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $48.03, for a total transaction of $100,863.00. Following the transaction, the director owned 11,560 shares of the company's stock, valued at approximately $555,226.80. This represents a 15.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

NASDAQ:NBTB

Read Insider Selling: NBT Bancorp (NASDAQ:NBTB) Director Sells 2,100 Shares of Stock

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Douglas Milne Sells 1,600 Shares of IGM Financial (TSE:IGM) StockMarketBeat

IGM Financial Inc. (TSE:IGM - Get Free Report) Director Douglas Milne sold 1,600 shares of the business's stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of C$80.61, for a total value of C$128,976.00. Following the sale, the director directly owned 800 shares in the company, valued at C$64,488. The trade was a 66.67% decrease in their ownership of the stock.

TSE:IGM

Read Douglas Milne Sells 1,600 Shares of IGM Financial (TSE:IGM) Stock

2 hours ago

GlobalFoundries (NASDAQ:GFS) Insider Michael James Hogan Sells 2,800 SharesMarketBeat

GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) insider Michael James Hogan sold 2,800 shares of GlobalFoundries stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $75.17, for a total value of $210,476.00. Following the transaction, the insider owned 6,695 shares in the company, valued at $503,263.15. This trade represents a 29.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NASDAQ:GFS

Read GlobalFoundries (NASDAQ:GFS) Insider Michael James Hogan Sells 2,800 Shares

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Tripadvisor's Q1 results were mixed, with Hotels revenue declining 20%, but both Experiences (Viator) and TheFork maintained strong momentum. TRIP generated $101 million of Q1 FCF thanks to its asset-light marketplace model and favorable working capital dynamics. Starboard Value maintains meaningful economic exposure, supporting continued expectations for strategic actions and value realization initiatives.

On May 15, 2026, Monimus Capital Management, LP disclosed a buy of 2,053,088 shares of Tripadvisor (TRIP +5.29%), an estimated $23.91 million trade based on quarterly average pricing.

What happenedAccording to an SEC filing dated May 15, 2026, Monimus Capital Management increased its holding in Tripadvisor (TRIP +5.29%) by 2,053,088 shares during the first quarter of 2026. The estimated transaction value was $23.91 million, based on the quarter’s average share price. The quarter-end value of the position increased by $20.12 million, which includes both new purchases and changes in share price.

What else to knowMonimus Capital’s purchase brought its Tripadvisor position to 7.41% of 13F reportable AUM, which places it outside the fund’s top five holdings.Top holdings after the filing:NASDAQ: TRIP: $26.72 million (7.4% of AUM)NASDAQ:BKNG: $18.92 million (5.2% of AUM)NASDAQ:AMZN: $15.02 million (4.2% of AUM)NYSE:RSKD: $14.47 million (4.0% of AUM)NYSE:MSGS: $13.43 million (3.7% of AUM)As of May 14, 2026, Tripadvisor shares were priced at $9.60, down 38% over the past year and well underperforming the S&P 500 by 66 percentage points.Company overviewMetricValueRevenue (TTM)$1.88 billionNet income (TTM)$18.60 millionPrice (as of market close May 14, 2026)$9.60One-year price change(38%)Company snapshotTripadvisor offers online travel resources, including hotel and accommodation reviews, restaurant reservations, vacation rentals, and experiences through brands such as Tripadvisor.com, Viator, and TheFork.The company serves global leisure and business travelers, as well as travel service providers seeking digital marketing and distribution channels.It operates a digital platform that generates revenue from advertising, commissions on bookings, and transaction fees for experiences and dining reservations.Tripadvisor operates one of the world's largest travel guidance platforms, leveraging user-generated content and a broad portfolio of travel media brands to connect travelers with accommodations, experiences, and dining options worldwide. Its scalable digital platform and diversified revenue streams position it as a key player in the online travel and experiences sector. Tripadvisor’s strategic focus on content, technology, and global reach supports its competitive position in a dynamic and evolving industry.

What this transaction means for investorsWith Tripadvisor’s stock badly lagging over the past year, this move signals confidence that investors may be overly focused on the company’s struggling legacy hotel segment while underestimating faster-growing assets like Viator and TheFork.

Tripadvisor’s latest earnings, reported last week, showed a business in transition. First-quarter revenue fell 4% year over year to $382.4 million, but its Experiences segment grew 8% to $167.9 million, while gross booking value climbed 13% to roughly $1.2 billion. TheFork also posted 23% revenue growth and swung to positive adjusted EBITDA. The bad segment? Hotels, which saw revenue fall 20% to $157.9 million.

Meanwhile, Tripadvisor ended the quarter with roughly $1.1 billion in cash and generated $101.3 million in free cash flow. Management is also restructuring the business around what it calls an “experiences-led and AI-enabled” strategy.

With these developments, long-term investors should pay attention to whether Tripadvisor can successfully pivot away from its slower-growth hotel roots before competitive pressure and weaker margins erode the upside from Experiences.

Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon, Booking Holdings, and Tripadvisor. The Motley Fool has a disclosure policy.

Denpasar, Bali, Indonesia--(Newsfile Corp. - May 26, 2026) - Luxury Raja Ampat, the dedicated Raja Ampat liveaboard and liveaboard division of Juara Holding Group, has surpassed 800 private voyages organized for high-net-worth travelers from 45+ countries since 2015. Group founder Agung Afif accepts Forbes Business Council membership as sister brand Komodo Luxury earns its fourth consecutive TripAdvisor Travellers' Choice award for Komodo National Park, strengthening the international profile of one of Indonesia's most diversified luxury hospitality groups.

Luxury Raja Ampat Marks 800 Voyages, Komodo Luxury Earns 4 TripAdvisor Awards Under Forbes Council Founder Agung Afif

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Operating exclusively in the Raja Ampat archipelago of West Papua - the global epicenter of marine biodiversity within the Coral Triangle - Luxury Raja Ampat specialises in luxury phinisi charters, raja ampat private yacht charter expeditions, liveaboard diving voyages, and bespoke private cruises. The company's curated luxury raja ampat liveaboard programs serve HNWI clients from Europe, North America, Australia, and Asia drawn by the region's 75% concentration of all known coral species and 1,600+ documented reef fish species across more than 1,500 islands.

"Reaching 800 voyages in Raja Ampat is the accumulated result of trust earned one charter at a time, not a marketing milestone," said Agung Afif, Founder of Juara Holding Group. "The Forbes Business Council membership is an international recognition that adds visibility, but our daily measure remains the HNWI guests who return for their second, third, and fourth voyages across our marine and concierge brands."

Sister Brand Komodo Luxury Strengthens Group's Marine Authority

Operating alongside Luxury Raja Ampat within the Juara Holding Group is Komodo Luxury - a four-time TripAdvisor Travellers' Choice award winner for Komodo National Park (2022, 2023, 2024, 2025). Headquartered in Bali with operational bases in Labuan Bajo, the gateway to Komodo National Park, Komodo Luxury owns and operates a growing fleet of ultra-luxury yachts offering private yacht charters, premium komodo phinisi cabin cruises, and bespoke sailing expeditions. The company also provides yacht investment and professional yacht management services for international owners seeking to enter Indonesia's expanding luxury komodo yacht charter market, with charter routes spanning Labuan Bajo to Padar, Komodo, Rinca, Pink Beach, and the Banda Sea periphery.

The two marine brands together cover Indonesia's two most internationally recognised luxury yacht destinations - Raja Ampat in the east and Komodo National Park in the west - representing a combined decade-plus of regional expertise and over 800 documented voyages for HNWI travellers from 45+ countries. Both operate under unified group standards for experienced captains, trained crew, curated routes, and concierge-level service across English, French, German, Mandarin, and Bahasa-speaking traveller segments.

Bali Premium Trip Completes the End-to-End Luxury Travel Network

Most international travellers reach Raja Ampat and Komodo via Bali's Ngurah Rai International Airport (DPS), connecting onward to Sorong or Labuan Bajo. To deliver an end-to-end luxury journey, Juara Holding Group includes Bali Premium Trip - a luxury travel concierge with 10+ years experience trusted by international travelers, honeymooners, families, and VIP guests. The company coordinates luxury car rental Bali, VIP airport fast-track immigration, helicopter transfers, villa accommodation, wedding logistics, visa concierge, private medical concierge, and 24/7 lifestyle support - ensuring every moment from arrival to departure is seamless, refined, and truly exceptional.

This vertically integrated travel network - combining luxury marine charter, luxury Bali travel agency concierge services, premium ground transportation, villa and wellness coordination, and media production under a single Indonesian holding - positions Juara Holding Group as one of the few end-to-end Indonesian-owned luxury hospitality networks operating across both marine and ground verticals from a single coordinated portfolio.

Forbes Business Council Membership Adds International Credential

The Forbes Business Council membership accepted by Agung Afif in March 2026 followed an invitation-only vetting process recognising successful business owners and leaders worldwide. The credential adds international visibility to a portfolio that has built recognition through four consecutive TripAdvisor Travellers' Choice awards and a decade of operational continuity in sensitive Indonesian destinations.

Yacht Investment and Management Open B2B Vertical

Beyond direct charter operations, Komodo Luxury operates a B2B yacht investment advisory and professional yacht management vertical, serving international owners entering Indonesia's expanding luxury charter market. The service spans fleet deployment, crewing, regulatory compliance, charter revenue optimisation, and routine vessel management.

Conservation Standards Across Sensitive Marine Ecosystems

Luxury Raja Ampat's 800-voyage milestone arrives as Indonesia's luxury tourism sector posts continued double-digit growth in HNWI arrivals to Eastern Indonesia. UNESCO ecological significance has shaped protocols across both marine brands, including coral-safe anchoring, no-touch dive policies, certified mooring usage, and partnerships with regional conservation authorities. Komodo Luxury operates parallel protocols consistent with Komodo National Park's UNESCO World Heritage status, including visitor capacity coordination with the Komodo National Park Authority.

About Luxury Raja Ampat

Luxury Raja Ampat is a dedicated luxury yacht charter and liveaboard operator serving Raja Ampat, West Papua since 2015. Over a decade, the company has delivered 800+ private voyages for HNWI travellers from 45+ countries, specialising exclusively in luxury Raja Ampat phinisi charters, raja ampat private yacht charters, liveaboard diving expeditions, bespoke private cruises, and luxury boat charter experiences across the Coral Triangle. As the specialist Raja Ampat division of Juara Holding Group and sister brand to Komodo Luxury - four-time TripAdvisor Travellers' Choice winner for Komodo National Park (2022-2025) - Luxury Raja Ampat combines 10+ years of regional expertise with the operational backing of a diversified Indonesian luxury hospitality, concierge, and media holding.

About Komodo Luxury

Komodo Luxury is a luxury yacht charter operator headquartered in Bali, Indonesia, with operational bases in Labuan Bajo, the gateway to Komodo National Park. The company owns and operates a growing fleet of ultra-luxury yachts, offering private yacht charters, premium cabin cruises, and bespoke sailing expeditions. Beyond charter experiences, Komodo Luxury also provides yacht investment and professional yacht management services for owners entering Indonesia's luxury charter market. Komodo Luxury is part of Juara Holding Group and a four-time TripAdvisor Travellers' Choice award winner (2022, 2023, 2024, 2025).

About Bali Premium Trip

Bali Premium Trip is a luxury travel concierge based in Bali, providing exclusive end-to-end travel services for guests who prioritise comfort, privacy, and high-quality experiences. With 10+ years of experience in luxury travel and hospitality, Bali Premium Trip is trusted by international travelers, honeymooners, families, and VIP guests to manage every aspect of their journey - from luxury car rental Bali and VIP airport transfers to villa accommodation, helicopter tours, visa concierge, wedding logistics, private security, and 24/7 lifestyle support. Not just a service provider, Bali Premium Trip is a dedicated luxury Bali travel agency partner ensuring every moment is seamless, refined, and truly exceptional. As part of Juara Holding Group, the company coordinates integrated logistics with sister marine brands Luxury Raja Ampat and Komodo Luxury.

About Juara Holding Group

Juara Holding Group is a diversified Indonesian luxury hospitality, concierge, and media holding led by founder Agung Afif, a Forbes Business Council member. The portfolio spans luxury marine charter (Luxury Raja Ampat, Komodo Luxury), luxury travel concierge (Bali Premium Trip), villa coordination, and media production (Juara Production), serving HNWI travellers from 45+ countries across Bali, Komodo, Raja Ampat, and Labuan Bajo.

About the Forbes Business Council

The Forbes Business Council is the foremost growth and networking organization for successful business owners and leaders worldwide. Members receive exclusive opportunities including curated executive business news, peer-to-peer learning, and publication on Forbes.com.

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Investors in Tripadvisor, Inc. (TRIP - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the June 18, 2026 $5.00 Call had some of the highest implied volatility of all equity options today.

What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.

What do the Analysts Think?Clearly, options traders are pricing in a big move for Tripadvisor shares, but what is the fundamental picture for the company? Currently, Tripadvisor is a Zacks Rank #3 (Hold) in the Internet - Commerce industry that ranks in the Bottom 40% of our Zacks Industry Rank. Over the last 60 days, no analysts have increased their earnings estimates for the current quarter, while three analysts have revised their estimates downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from 56 cents per share to 42 cents in that period.

Given the way analysts feel about Tripadvisor right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.

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Key Takeaways CPI & PPI Inflation Prints Due This WeekMarket Indexes Rising Back from Friday's SelloffMiddle East Tensions Cool Ahead of the Opening Bell Monday, June 8th, 2026

Whereas last week was “Jobs Week,” over the next few trading sessions we’ll get “Inflation Week” — particularly on Wednesday morning with a fresh Consumer Price Index (CPI) for May and Producer Price Index (PPI) Thursday morning. Expectations are for inflation to have moderated month over month.

Estimates are currently for +0.5% CPI growth from the prior month, -10 basis points (bps) below the +0.6% last reported. Core CPI is expected to have reached +0.3%, down from +0.4% for April. Year over year is a different story, however: +4.2% on headline would be an advance of +40 bps month over month, while year over year core is anticipated to have ticked up +10 bps to +2.9%.

PPI on headline is expected to be slashed more than in half from the previous month — +0.6% from +1.4% in April — with core estimated at +0.4% from +0.6% prior. Year over year, we don’t see new projections currently, but last month saw some of the highest inflation numbers since late 2022: +6.0% on headline and +4.4% on core. Clearly, anything close to these numbers this week will illustrate an inflation narrative rather unwelcome to our current economy.

Pre-Markets Improving After a Rough Friday
The final trading session of last week is one to forget: the Dow fell -695 points, and it got off easy; the S&P 500 shed -200 points, -2.65%, and the tech-heavy Nasdaq got routed Friday: -1121 points, -4.18% — it’s worst single day of trading since the fallout from tariff “Liberation Day” in April 2025. It was a good day for booking profits in Tech; this morning fills some of those deep craters dug in the market indexes last week.

For instance, memory and data storage chip-maker Micron (MU - Free Report) shares are up +7% this morning, after tumbling roughly -13% on Friday, pulling back from its recent $1 trillion market cap. This came after astounding +750% growth in its share price over the past year, as it joins the AI revolution in a big way. Micron is still a Zacks Rank #1 (Strong Buy) this morning.

Hostilities have reportedly ceased between Iran and Israel this morning, after a weekend of launching missiles. Oil prices are up a point and a half or so this morning, but well off the recent highs when it was unclear which direction this war was going to go. Oil companies — especially the integrated “super-majors” — are up this morning, led by BP (BP - Free Report) +2.3% at this hour.

Q1 earnings season is essentially over — a week or two after the calendar close of Q2 at the end of this month earnings season will pick back up again — though we do see some late companies posting numbers ahead of today’s open: Campbell’s Soup (CPB - Free Report) beat the Zacks consensus by 2 cents to $0.50 per share, Duluth Holdings (DLTH - Free Report) reported a much slimmer loss than expected and shares are up +6% on the news, and FuelCell Energy (FCEL - Free Report) missed expectations by -20% but the stock is still up. After the close, we’ll hear from Vail Resorts (MTN - Free Report) and Trip.com (TRIP - Free Report) .

Questions or comments about this article and/or author? Click here>>

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Tripadvisor Announces Its 2026 Travelers' Choice Awards: Best of the Best Hotels Winners, Revealing the World's Most Memorable Stays Tripadvisor Announces Its 2026 Travelers' Choice Awards: Best of the Best Hotels Winners, Revealing the World's Most Memorable Stays PR Newswire

NEEDHAM, Mass., June 9, 2026

Tripadvisor Names Its Top Hotel Destinations Around the World

, /PRNewswire/ -- Tripadvisor, the world's leading travel platform, today announced the winners of its annual Travelers' Choice Awards: Best of the Best Hotels, with Indonesia's G.H. Universal Hotel earning the coveted title of No. 1 Top Hotel in the world.

The 2026 Travelers' Choice Awards: Best of the Best Hotels are part of Tripadvisor's overarching Travelers' Choice Awards umbrella. Winners were determined by the quality and quantity of Tripadvisor reviews and ratings from January 1, 2025, to December 31, 2025.

"This year's Best of the Best Hotels winners represent the top choices of millions of travelers who stayed, experienced, and took the time to review these properties," said Laurel Greatrix, Chief Communications Officer, Tripadvisor Group. "Whether it's a luxury resort in Indonesia, an adventure lodge in Oregon, or a crane suspended above Amsterdam, these winners create the foundation of truly unforgettable trips."

Top Hotels in the World

G.H. Universal Hotel – Bandung, Indonesia
The five-star G.H. Universal Hotel in northern Bandung fuses Renaissance-style architecture with luxury, comfort, and the natural beauty of the area. With 105 rooms to choose from, the hotel offers a large courtyard and swimming pool, a relaxing spa, a fitness center, 24-hour dining and Indonesia's only luxury pet hotel, The G.H. Universal Pet Inn, where pets can receive dedicated care throughout the stay.Local experiences:

Amazing Art World: A truly singular experience, this is the world's largest 3D Art museum where visitors can explore six different galleries and over 500 works of art that come dazzlingly to life before your eyes.Volcano Tour: Enjoy an action-packed day out in the volcanic countryside with this small-group tour, in which you'll explore crater lake and central tourist attraction Kawah Putih, soak in hot springs and mud baths at Rengganis Crater, and enjoy lunch while taking in the gorgeous lakeside view.The rest of the World's Top 10 Hotels:

G.H. Universal Hotel – Bandung, IndonesiaHotel Colline de France – Gramado, BrazilHotel Sporting Family Hospitality – Livigno, ItalyRoyal Lancaster London – London, United KingdomFivePine Lodge and Spa – Sisters, Oregon, United StatesLa Siesta Hoi An Resort & Spa – Hoi An City, VietnamAbigail's Hotel – Victoria, British Columbia, CanadaBucuti & Tara Beach Resort Aruba – Eagle Beach, ArubaHotel Moments Budapest – Budapest, HungaryLa Sinfonía del Rey Hotel & Spa – Hanoi, VietnamSee the full World's Best of the Best Hotels list here.

Top Hotels in the U.S.

FivePine Lodge and Spa – Sisters, Oregon
Central Oregon's ultimate adventure destination, this one-of-a-kind resort offers adventure by day and embraces a romantic ambiance at night. Deluxe suites feature oversized waterfall tubs and fireplaces, while the outdoor heated pool and complimentary breakfast and evening wine receptions create an unforgettable retreat.Local Experiences:

Peterson Ridge Trail – Located in Sisters, Oregon, this sprawling network of trails offers the very best in mountain biking, horseback riding, hiking, running, and walking.2 Hour High Cascades Scenic ATV Tour in Bend Oregon – Take an incredible up-close journey through the Cascade Mountains packed with beautiful views, lava tube caves, Lava Fields, Alpine Lakes, Volcanic Black Sand Dunes, and some of Central Oregon best trails.The rest of the Top Hotels in the U.S.:

FivePine Lodge and Spa – Sisters, OregonThe Loutrel – Charleston, South CarolinaThe Verb Hotel – Boston, MassachusettsThe Bryant Park Hotel – New York, New YorkFrench Quarter Inn – Charleston, South CarolinaThe Inn at Christmas Place – Pigeon Forge, TennesseeIronworks Hotel Indy – Indianapolis, IndianaAtticus Hotel – McMinnville, OregonHotel ZaZa Houston Memorial City – Houston, TexasFaena Miami Beach – Miami Beach, FloridaTop One-of-a-Kind Hotels

Crane Hotel Faralda Amsterdam – Amsterdam, The Netherlands
Perched 164 feet above the IJ river and only accessible by a 10-minute ferry from Central Station, this ultra-exclusive hotel occupies the top of a monumental harbor crane in Amsterdam's NDSM creative district. With only three luxury suites, guests can take in 360-degree city views from the top-deck jacuzzi.Local Experiences:

Amsterdam Canal Cruise by Captain Jack - Soak up unparalleled city views from the open boat in summer and a heated, closed boat from October to March as you cruise around the UNESCO-listed canal ring, spotting landmarks including the Rijksmuseum and the Skinny Bridge.10 Tastes of Amsterdam: Food Tour by UNESCO Canals and Jordaan - Eat your way around Amsterdam on this food walking tour that covers 1.5 miles (2.5 km) of the city. At each of the 10 stops, try Dutch delicacies, from freshly-made stroopwafels (syrup-filled waffles) to artisanal Gouda cheese. As you take a leisurely stroll between locations, see the canals that Amsterdam is famous for.The rest of the Top Once-in-a-Lifetime Hotels:

Crane Hotel Faralda Amsterdam – Amsterdam, The NetherlandsValley Views Glamping – Kurow, New Zealand Eagle Brae – Beauly, Scotland, United KingdomTaj Lake Palace – Udaipur, IndiaShinta Mani Wild – Ou Bak Rothed, Cambodia Treehouse Lodge – Payorote, Peru La Tour D'eole – Morocco, AfricaNayara Bocas Del Toro – Bocas del Toro, PanamaFingal Hotel – Edinburgh, United KingdomSkylodge Adventure Suites – Urubamba, PeruVisit here for a full list of this year's winners.

Methodology
The 2026 Travelers' Choice Awards: Best of the Best Hotels were determined based on the quality and quantity of traveler reviews and ratings posted on Tripadvisor over the 12-month period between January 1 and December 31, 2025, as well as an additional editorial process.

About Tripadvisor Inc.
Tripadvisor, the world's largest travel guidance platform*, helps millions of people each month** become better travelers, from planning to booking to taking a trip. Travelers across the globe use Tripadvisor's website and app to discover where to stay, what to do and where to eat based on guidance from those who have been there before. With more than a billion reviews and contributions, travelers turn to Tripadvisor to find deals on accommodations, book experiences, reserve tables at delicious restaurants and discover great places nearby.

Tripadvisor LLC is a wholly owned subsidiary of Tripadvisor, Inc. (Nasdaq: TRIP). The subsidiaries of Tripadvisor, Inc. own and operate a portfolio of travel media brands and businesses, operating under various websites and apps.

* Source: SimilarWeb, unique users de-duplicated monthly, May 2026
** Source: Tripadvisor internal log files

View original content to download multimedia:https://www.prnewswire.com/news-releases/tripadvisor-announces-its-2026-travelers-choice-awards-best-of-the-best-hotels-winners-revealing-the-worlds-most-memorable-stays-302794235.html

SOURCE Tripadvisor

Posted by Defense World Staff on Mar 31st, 2026

Assenagon Asset Management S.A. purchased a new stake in shares of CNA Financial Corporation (NYSE:CNA – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 55,142 shares of the insurance provider’s stock, valued at approximately $2,632,000.

A number of other hedge funds also recently added to or reduced their stakes in CNA. Elevation Wealth Partners LLC purchased a new stake in CNA Financial during the 4th quarter valued at $53,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of CNA Financial by 19.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,458 shares of the insurance provider’s stock worth $767,000 after purchasing an additional 2,622 shares during the last quarter. Abner Herrman & Brock LLC bought a new position in shares of CNA Financial during the fourth quarter valued at $716,000. Board of the Pension Protection Fund lifted its holdings in shares of CNA Financial by 16.3% during the fourth quarter. Board of the Pension Protection Fund now owns 31,400 shares of the insurance provider’s stock valued at $1,499,000 after purchasing an additional 4,400 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of CNA Financial by 55.1% during the third quarter. JPMorgan Chase & Co. now owns 10,176 shares of the insurance provider’s stock valued at $473,000 after buying an additional 3,613 shares during the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at CNA Financial In other news, Chairman Dino Robusto sold 6,250 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $47.62, for a total value of $297,625.00. Following the completion of the sale, the chairman directly owned 661,838 shares in the company, valued at $31,516,725.56. This represents a 0.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Jeffrey John Neuenschwander sold 3,287 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $45.97, for a total value of $151,103.39. Following the completion of the transaction, the senior vice president directly owned 7,277 shares in the company, valued at approximately $334,523.69. This represents a 31.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.30% of the stock is currently owned by company insiders.

CNA Financial Stock Up 1.5% CNA stock opened at $45.56 on Tuesday. The company has a market cap of $12.30 billion, a price-to-earnings ratio of 9.71, a P/E/G ratio of 6.50 and a beta of 0.34. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.28 and a current ratio of 0.28. The business’s 50-day moving average is $47.60 and its two-hundred day moving average is $46.70. CNA Financial Corporation has a fifty-two week low of $43.29 and a fifty-two week high of $51.29.

CNA Financial (NYSE:CNA – Get Free Report) last released its quarterly earnings results on Monday, February 9th. The insurance provider reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.04). CNA Financial had a net margin of 8.53% and a return on equity of 12.23%. The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $2.88 billion. During the same quarter in the prior year, the firm earned $1.25 earnings per share. As a group, analysts forecast that CNA Financial Corporation will post 4.64 earnings per share for the current year.

CNA Financial Dividend Announcement The firm also recently announced an annual dividend, which was paid on Thursday, March 12th. Shareholders of record on Monday, February 23rd were issued a dividend of $2.00 per share. This represents a yield of 409.0%. The ex-dividend date of this dividend was Monday, February 23rd. CNA Financial’s dividend payout ratio is currently 40.94%.

Analysts Set New Price Targets A number of equities analysts have weighed in on the company. Weiss Ratings raised CNA Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. Wall Street Zen lowered shares of CNA Financial from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. Finally, Zacks Research cut shares of CNA Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Get Our Latest Stock Report on CNA Financial

CNA Financial Company Profile (Free Report)

CNA Financial Corporation is a leading U.S.-based commercial property and casualty insurance company offering a broad portfolio of risk management and insurance solutions. The company underwrites coverage for businesses of all sizes across a variety of industry sectors, including manufacturing, healthcare, energy, technology, construction and real estate. In addition to core property and casualty insurance, CNA delivers specialized products such as surety bonds, professional liability, environmental liability and commercial auto coverage.

Headquartered in Chicago, Illinois, CNA traces its origins to the founding of Continental Casualty Company in 1897.

Read More Five stocks we like better than CNA Financial Want to see what other hedge funds are holding CNA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CNA Financial Corporation (NYSE:CNA – Free Report).

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CNA is poised to gain from steady premium growth, a strong capital position and consistent dividend hikes.

Net income of $211 million versus $274 million in the prior year quarter; core income of $225 million versus $281 million in the prior year quarter. P&C core income of $248 million versus $311 million, reflects lower underlying underwriting results and unfavorable prior period development partially offset by higher net investment income. Life & Group core loss of $9 million versus core income of $6 million in the prior year quarter. Corporate & Other core loss of $14 million versus $36 million in the prior year quarter. Net investment income of $610 million, reflects an $18 million increase from fixed income securities and other investments to $568 million and a $12 million decrease from limited partnerships and common stock to $42 million. P&C combined ratio of 102.2%, compared with 98.4% in the prior year quarter, including a 3.6 point impact related to catastrophes compared with 3.8 points in the prior year quarter. The current year quarter also includes an unfavorable impact of 4.1 points from net prior period development driven by excess casualty and professional E&O lines in recent accident years, compared to 2.5 points in the prior year quarter. Catastrophe impacts of $97 million pretax in both the current and prior year quarters. P&C underlying combined ratio was 94.5%, compared with 92.1% in the prior year quarter. P&C underlying loss ratio was 64.1% and the expense ratio was 29.9%. P&C segments generated net written premium growth of 1% in the quarter. P&C renewal premium change of +3%, with written rate of +2%. Book value per share of $40.13; book value per share excluding AOCI of $45.12, a 1% increase from year-end 2025 adjusting for $2.48 of dividends per share paid. Board of Directors declares regular quarterly cash dividend of $0.48 per share. , /PRNewswire/ -- CNA Financial Corporation (NYSE: CNA) today announced first quarter 2026 net income of $211 million, or $0.78 per share, versus $274 million, or $1.00 per share, in the prior year quarter. Net investment losses for the quarter were $14 million compared to $7 million in the prior year quarter. Core income for the quarter was $225 million, or $0.83 per share, versus $281 million, or $1.03 per share, in the prior year quarter.

Our Property & Casualty segments delivered core income of $248 million for the first quarter of 2026, a decrease of $63 million compared to the prior year quarter reflecting lower underlying underwriting results and unfavorable prior period development partially offset by higher net investment income. P&C segments generated net written premium growth of 1%.

Our Life & Group segment produced a core loss of $9 million for the first quarter of 2026 versus core income of $6 million in the prior year quarter.

Our Corporate & Other segment reported a core loss of $14 million for the first quarter of 2026 versus $36 million in the prior year quarter.

CNA Financial declared a quarterly cash dividend of $0.48 per share, payable June 4, 2026 to stockholders of record on May 18, 2026.

Results for the Three Months

Ended March 31

($ millions, except per share data)

2026

2025

Net income

$             211

$             274

Core income (a)

225

281

Net income per diluted share

$             0.78

$             1.00

Core income per diluted share

0.83

1.03

March 31, 2026

December 31, 2025

Book value per share

$

40.13

$

42.93

Book value per share excluding AOCI

45.12

46.99

(a)

Management utilizes the core income (loss) financial measure to monitor the Company's operations. Please refer herein to the Reconciliation of GAAP Measures to Non-GAAP Measures section of this press release for further discussion of this non-GAAP measure.

"In the first quarter we achieved $225 million of core income buoyed by strong investment income and reinforcing our unwavering focus on underwriting discipline. The fundamentals of our business remain strong as we execute deliberate strategies to optimize our portfolio at a time when the industry is experiencing pressure on growth, rate and loss cost trends.

The P&C all-in combined ratio was 102.2% in the quarter and included 3.6 points of catastrophe impact and 4.1 points of prior period development. We took decisive action this quarter to add additional prudence to P&C reserves in recent accident years on excess casualty in Commercial and professional E&O in Specialty, which we view as fundamentally appropriate given the current environment. Our underlying loss ratio of 64.1% also reflects this additional level of prudence, and our underlying combined ratio was 94.5%.

Net written premiums grew 1% in the quarter, new business grew 3% to $581 million and retention was 83%. We grew certain pockets of our portfolio that offer accretive returns and held the line in other areas we felt the market is not supporting an acceptable level of return.

Rate increase was 2% while renewal premium change was up 3% reflecting significant differentiation by business unit and class. For example, we continue to achieve double-digit rate increase in social inflation impacted classes of business, while national accounts property was down double-digit due to the competitive environment in that space.

Looking ahead to the rest of the year, we will continue to operate with confidence and prioritize underwriting discipline. We remain committed to executing in the marketplace as we implement specialized underwriting strategies to achieve profitable growth while maintaining the strength of our balance sheet in the current environment," said Douglas M. Worman, Chairman & Chief Executive Officer of CNA Financial Corporation.

Property & Casualty Operations

Results for the Three Months
Ended March 31

($ millions)

2026

2025

Net written premiums

$      2,622

$       2,606

NWP change (% year over year)

1

%

Net earned premiums

$      2,598

$       2,520

NEP change (% year over year)

3

%

Underwriting (loss) gain

$          (59)

$            40

Net investment income

$         375

$          362

Core income

$         248

$          311

Loss ratio

71.8

%

67.8

%

Less: Effect of catastrophe impacts

3.6

3.8

Less: Effect of unfavorable development-related items

4.1

2.5

Underlying loss ratio

64.1

%

61.5

%

Expense ratio

29.9

%

30.2

%

Combined ratio

102.2

%

98.4

%

Underlying combined ratio

94.5

%

92.1

%

The underlying combined ratio increased 2.4 points as compared with the prior year quarter, primarily the result of a 2.6 point increase in the underlying loss ratio to 64.1%, with increases across each segment. The expense ratio improved 0.3 points compared with the prior year quarter. The combined ratio increased 3.8 points as compared with the prior year quarter. Unfavorable net prior period development in the Specialty and Commercial segments increased the loss ratio by 4.1 points in the current quarter compared to 2.5 points in the prior year quarter. Catastrophe impacts were $97 million in the quarter, inclusive of $9 million of catastrophe-related reinsurance reinstatement premiums, compared with $97 million for the prior year quarter. The effect of catastrophe impacts on the loss ratio was 3.6 points in the quarter compared with 3.8 points for the prior year quarter. Business Operating Highlights
Specialty

Results for the Three Months
Ended March 31

($ millions)

2026

2025

Net written premiums

$         834

$         842

NWP change (% year over year)

(1)

%

Net earned premiums

$         852

$         830

NEP change (% year over year)

3

%

Underwriting (loss) gain

$          (24)

$           42

Loss ratio

68.7

%

61.4

%

Less: Effect of catastrophe impacts

—

—

Less: Effect of unfavorable development-related items

5.9

1.3

Underlying loss ratio

62.8

%

60.1

%

Expense ratio

33.6

%

33.4

%

Combined ratio

102.7

%

95.1

%

Underlying combined ratio

96.8

%

93.8

%

The underlying combined ratio increased 3.0 points as compared with the prior year quarter. The underlying loss ratio increased 2.7 points as compared with the prior year quarter reflecting loss cost trends exceeding rate for certain lines in recent quarters. The expense ratio increased 0.2 points as compared with the prior year quarter. The combined ratio increased 7.6 points as compared with the prior year quarter. Unfavorable net prior period development, driven by professional errors & omissions (E&O) business in recent accident years, increased the loss ratio by 5.9 points in the current quarter as compared with 1.3 points in the prior year quarter. Commercial

Results for the Three Months
Ended March 31

($ millions)

2026

2025

Net written premiums

$       1,480

$       1,498

NWP change (% year over year)

(1)

%

Net earned premiums

$       1,412

$       1,380

NEP change (% year over year)

2

%

Underwriting loss

$          (49)

$          (17)

Loss ratio

76.2

%

73.0

%

Less: Effect of catastrophe impacts

6.4

6.3

Less: Effect of unfavorable development-related items

4.0

3.8

Underlying loss ratio

65.8

%

62.9

%

Expense ratio

26.7

%

27.6

%

Combined ratio

103.5

%

101.1

%

Underlying combined ratio

93.1

%

91.0

%

The underlying combined ratio increased 2.1 points as compared with the prior year quarter. The underlying loss ratio increased 2.9 points compared with the prior year quarter as a result of increases in excess casualty and workers' compensation. The expense ratio improved 0.9 points primarily due to a favorable acquisition ratio. The combined ratio increased 2.4 points as compared with the prior year quarter. Unfavorable net prior period development, driven by excess casualty in recent accident years, increased the loss ratio by 4.0 points in the current quarter compared with 3.8 points in the prior year quarter. Catastrophe impacts were $93 million in the quarter, inclusive of $9 million of catastrophe-related reinsurance reinstatement premiums, compared with $86 million for the prior year quarter. The effect of catastrophe impacts on the loss ratio was 6.4 points in the quarter compared with 6.3 points for the prior year quarter. International

Results for the Three Months
Ended March 31

($ millions)

2026

2025

Net written premiums

$         308

$         266

NWP change (% year over year)

16

%

Net earned premiums

$         334

$         310

NEP change (% year over year)

8

%

Underwriting gain

$           14

$           15

Loss ratio

61.0

%

62.1

%

Less: Effect of catastrophe impacts

1.2

3.6

Less: Effect of (favorable) unfavorable development-related items

—

—

Underlying loss ratio

59.8

%

58.5

%

Expense ratio

34.9

%

33.3

%

Combined ratio

95.9

%

95.4

%

Underlying combined ratio

94.7

%

91.8

%

The underlying combined ratio increased 2.9 points as compared with the prior year quarter. The expense ratio increased 1.6 points attributed to higher employee related costs and acquisition costs partially offset by net earned premium growth of 8%. The underlying loss ratio increased 1.3 points as compared with the prior year quarter driven by continued pricing pressure. The combined ratio increased 0.5 points as compared with the prior year quarter. Catastrophe losses were $4 million, or 1.2 points of the loss ratio in the quarter compared with $11 million or 3.6 points of the loss ratio, for the prior year quarter. Excluding currency fluctuations, net written premiums grew 7% for the first quarter of 2026. Life & Group

Results for the Three Months
Ended March 31

($ millions)

2026

2025

Net earned premiums

$        103

$        106

Claims, benefits and expenses

344

330

Net investment income

$        224

$        226

Core (loss) income

$           (9)

$            6

Core results decreased $15 million for the first quarter of 2026 as compared with the prior year quarter. Results for the current year quarter reflect unfavorable morbidity partially offset by favorable persistency. Results for the prior year quarter reflected favorable persistency.

Corporate & Other

Results for the Three Months
Ended March 31

($ millions)

2026

2025

Insurance claims and policyholders' benefits

$          (17)

$            9

Interest expense

33

32

Net investment income

11

16

Core loss

(14)

(36)

Core loss improved $22 million for the first quarter of 2026 as compared with the prior year quarter. There was no prior period development in the current year quarter compared to a $17 million after-tax charge in the prior year quarter related to unfavorable prior period development associated with legacy mass tort.

Net Investment Income

Results for the Three Months
Ended March 31

2026

2025

Fixed income securities and other

$         568

$         550

Limited partnership and common stock investments

42

54

Net investment income

$         610

$         604

Net investment income increased $6 million for the first quarter of 2026. The increase was driven by higher income from fixed income securities as a result of a larger invested asset base and favorable reinvestment rates partially offset by lower common stock returns.

Stockholders' Equity

Stockholders' equity of $10.9 billion decreased 7% from year-end 2025, primarily due to dividends paid to stockholders and an increase in net unrealized investment losses partially offset by net income.

Book value per share ex AOCI of $45.12 increased 1% from year-end 2025 adjusting for $2.48 of dividends per share.

As of March 31, 2026, statutory capital and surplus for the Combined Continental Casualty Companies was $11.1 billion.

About the Company

CNA is one of the largest U.S. commercial property and casualty insurance companies. Backed by more than 125 years of experience, CNA provides a broad range of standard and specialized insurance products and services for businesses and professionals in the U.S., Canada and Europe. For more information, please visit CNA at cna.com.

Contacts

Media:

Analysts:

Kelly Messina | Vice President,

Marketing

Ralitza K. Todorova | Vice President,
Investor Relations & Rating Agencies

872-817-0350

312-822-3834

Earnings Remarks & Materials

A transcript of earnings remarks will be available on CNA's website at cna.com via the Investor Relations section. Remarks will include commentary from the Company's Chairman and Chief Executive Officer, Douglas M. Worman, and Chief Financial Officer, Scott R. Lindquist. An earnings presentation and financial supplement information related to the results will also be posted and available on the CNA website.

Definition of Reported Segments

Specialty provides management and professional liability and other coverages through property and casualty products and services using a network of retail and wholesale brokers, independent agencies and managing general underwriters. Commercial works with a network of retail and wholesale brokers and independent agents to market a broad range of property and casualty insurance products to all types of insureds targeting small business, construction, middle market and other commercial customers. International underwrites property and casualty coverages on a global basis through a branch operation in Canada, a European business consisting of insurance companies based in the U.K. and Luxembourg and Hardy, our Lloyd's Syndicate. Life & Group includes the individual and group run-off long-term care businesses as well as structured settlement obligations not funded by annuities related to certain property and casualty claimants. Corporate & Other primarily includes certain corporate expenses, including interest on corporate debt, and the results of certain property and casualty business in run-off, including asbestos and environmental pollution (A&EP), a legacy portfolio of excess workers' compensation (EWC) policies and legacy mass tort reserves. Financial Measures

Management utilizes the following metrics in their evaluation of the Property & Casualty Operations.

These ratios are calculated using financial results prepared in accordance with accounting principles generally accepted in the United States of America (GAAP).

Loss ratio is the percentage of net incurred claim and claim adjustment expenses to net earned premiums. Underlying loss ratio represents the loss ratio excluding catastrophe-related reinstatement premiums, catastrophe losses and development-related items. Expense ratio is the percentage of insurance underwriting and acquisition expenses, including the amortization of deferred acquisition costs, to net earned premiums. Dividend ratio is the ratio of policyholders' dividends incurred to net earned premiums. Combined ratio is the sum of the loss ratio, the expense and the dividend ratio. Underlying combined ratio is the sum of the underlying loss ratio, the expense ratio and the dividend ratio. The underlying loss ratio and the underlying combined ratio are deemed to be non-GAAP financial measures, and management believes some investors may find these ratios useful to evaluate our underwriting performance since they remove the impact of catastrophes, which are unpredictable as to timing and amount, and development-related items as they are not indicative of our current year underwriting performance. The components to reconcile the combined ratio and loss ratio to the underlying combined ratio and underlying loss ratio for Property & Casualty, Specialty, Commercial and International segments are set forth on pages 3, 4, 5 and 6, respectively.

Renewal premium change represents the estimated change in average premium on policies that renew, including rate and exposure changes.

Rate represents the average change in price on policies that renew excluding exposure change.

Exposure represents the measure of risk used in the pricing of the insurance product. The change in exposure represents the change in premium dollars on policies that renew as a result of the change in risk of the policy.

Retention represents the percentage of premium dollars renewed, excluding rate and exposure changes, in comparison to the expiring premium dollars from policies available to renew.

New business represents premiums from policies written with new customers and additional policies written with existing customers.

Development-related items represents net prior year loss reserve and premium development, and includes the effects of interest accretion and change in allowance for uncollectible reinsurance.

Statutory capital and surplus represents the excess of an insurance company's admitted assets over its liabilities, including loss reserves, as determined in accordance with statutory accounting practices. Statutory capital and surplus as of the current period is preliminary.

The Company's investment portfolio is monitored by management through analysis of various factors including unrealized gains and losses on securities, portfolio duration and exposure to market and credit risk.

Reconciliation of GAAP Measures to Non-GAAP Measures

Management utilizes financial measures not in accordance with GAAP to monitor the Company's insurance operations and investment portfolio. The Company believes the presentation of these measures provides investors with a better understanding of the significant factors that comprise the Company's operating performance. Reconciliations of these measures to the most comparable GAAP measures follow below.

Reconciliation of Net Income (Loss) to Core Income (Loss)

Core income (loss) is calculated by excluding from net income (loss) the after-tax effects of net investment gains or losses and gains or losses resulting from pension settlement transactions. Net investment gains or losses are excluded from the calculation of core income (loss) because they are generally driven by economic factors that are not necessarily reflective of our primary operations. The calculation of core income (loss) excludes gains or losses resulting from pension settlement transactions as they result from decisions regarding our defined benefit pension plans which are unrelated to our primary operations. Management monitors core income (loss) for each business segment to assess segment performance. Presentation of consolidated core income (loss) is deemed to be a non-GAAP financial measure.

Results for the Three Months
Ended March 31

($ millions)

2026

2025

Net income

$            211

$            274

Less: Net investment losses

(14)

(7)

Core income

$            225

$            281

Reconciliation of Net Income (Loss) per Diluted Share to Core Income (Loss) per Diluted Share

Core income (loss) per diluted share provides management and investors with a valuable measure of the Company's operating performance for the same reasons applicable to its underlying measure, core income (loss). Core income (loss) per diluted share is core income (loss) on a per diluted share basis.

Results for the Three Months
Ended March 31

2026

2025

Net income per diluted share

$           0.78

$           1.00

Less: Net investment losses

(0.05)

(0.03)

Core income per diluted share

$           0.83

$           1.03

Reconciliation of Net Income (Loss) to Underwriting Gain (Loss) and Underlying Underwriting Gain (Loss)

Underwriting gain (loss) is deemed to be a non-GAAP financial measure and is calculated pretax as net earned premiums less total insurance expenses, which includes insurance claims and policyholders' benefits, amortization of deferred acquisition costs and insurance related administrative expenses. Net income (loss) is the most directly comparable GAAP measure. Management believes some investors may find this measure useful to evaluate the profitability, before tax, derived from our underwriting activities which are managed separately from our investing activities.

Underlying underwriting gain (loss) is also deemed to be a non-GAAP financial measure, and represents pretax underwriting results excluding catastrophe-related reinstatement premiums, catastrophe losses and development-related items. Management believes some investors may find this measure useful to evaluate the profitability, before tax, derived from our underwriting activities, excluding the impact of catastrophes, which are unpredictable as to timing and amount, and development-related items as they are not indicative of our current year underwriting performance. The following tables present reconciliations of net income to core income, underwriting gain and underlying underwriting gain for our Property & Casualty Operations.

Results for the Three Months Ended March 31, 2026

Specialty

Commercial

International

Property &
Casualty

(In millions)

Net income

$            95

$          105

$            36

$          236

Net investment losses, after tax

4

7

1

12

Core income

$            99

$          112

$            37

$          248

Less:

Net investment income

142

190

43

375

Non-insurance warranty revenue (expense)

18

—

—

18

Other revenue (expense), including interest expense

(11)

(2)

(2)

(15)

Income tax expense on core income

(26)

(27)

(18)

(71)

Underwriting (loss) gain

(24)

(49)

14

(59)

Catastrophe-related reinstatement premiums

—

9

—

9

Catastrophe losses

—

84

4

88

Effect of unfavorable development-related items

50

56

—

106

Underlying underwriting gain

$            26

$          100

$            18

$          144

Results for the Three Months Ended March 31, 2025

Specialty

Commercial

International

Property &
Casualty

(In millions)

Net income

$          149

$          124

$            38

$          311

Net investment losses (gains), after tax

1

—

(1)

—

Core income

$          150

$          124

$            37

$          311

Less:

Net investment income

151

177

34

362

Non-insurance warranty revenue (expense)

12

—

—

12

Other revenue (expense), including interest expense

(14)

(2)

1

(15)

Income tax expense on core income

(41)

(34)

(13)

(88)

Underwriting gain (loss)

42

(17)

15

40

Catastrophe-related reinstatement premiums

—

—

—

—

Catastrophe losses

—

86

11

97

Effect of unfavorable development-related items

10

53

—

63

Underlying underwriting gain

$            52

$          122

$            26

$          200

Reconciliation of Book Value per Share to Book Value per Share Excluding AOCI

Book value per share excluding AOCI allows management and investors to analyze the amount of the Company's net worth primarily attributable to the Company's business operations. The Company believes this measurement is useful as it reduces the effect of items that can fluctuate significantly from period to period, primarily based on changes in interest rates.

March 31, 2026

December 31,
2025

Book value per share

$          40.13

$          42.93

Less: Per share impact of AOCI

(4.99)

(4.06)

Book value per share excluding AOCI

$          45.12

$          46.99

Calculation of Return on Equity and Core Return on Equity

Core return on equity provides management and investors with a measure of how effectively the Company is investing the portion of the Company's net worth that is primarily attributable to its business operations.

Results for the Three Months
Ended March 31

($ millions)

2026

2025

Annualized net income

$          845

$        1,096

Average stockholders' equity including AOCI (a)

11,239

10,396

Return on equity

7.5

%

10.5

%

Annualized core income

$          901

$        1,125

Average stockholders' equity excluding AOCI (a)

12,462

12,284

Core return on equity

7.2

%

9.2

%

(a)

Average stockholders' equity is calculated using a simple average of the beginning and ending balances for the period.

For additional information, please refer to CNA's most recent 10-K on file with the Securities and Exchange Commission, as well as the financial supplement, available at cna.com.

Forward-Looking Statements

This press release includes statements that relate to anticipated future events (forward-looking statements) rather than actual present conditions or historical events. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and generally include words such as "believes," "expects," "intends," "anticipates," "estimates" and similar expressions. Forward-looking statements, by their nature, are subject to a variety of inherent risks and uncertainties that could cause actual results to differ materially from the results projected. Many of these risks and uncertainties cannot be controlled by CNA. For a detailed description of these risks and uncertainties, please refer to CNA's filings with the Securities and Exchange Commission, available at cna.com.

Any forward-looking statements made in this press release are made by CNA as of the date of this press release. Further, CNA does not have any obligation to update or revise any forward-looking statement contained in this press release, even if CNA's expectations or any related events, conditions or circumstances change.

Any descriptions of coverage under CNA policies or programs in this press release are provided for convenience only and are not to be relied upon with respect to questions of coverage, exclusions or limitations. With regard to all such matters, the terms and provisions of relevant insurance policies are primary and controlling. In addition, please note that all coverages may not be available in all states.

"CNA" is a registered trademark of CNA Financial Corporation. Certain CNA Financial Corporation subsidiaries use the "CNA" trademark in connection with insurance underwriting and claims activities. Copyright © 2026 CNA. All rights reserved.

SOURCE CNA Financial

CNA Financial Corporation (CNA) Q1 2026 Earnings Call Prepared Remarks Transcript

Key Takeaways CNA posted Q1 core EPS of $0.83, missing estimates by 44.3% and falling 19.4% YoY.CNA underwriting income fell 28% as the combined ratio worsened to 102.2 on higher claims.CNA saw 2.2% revenue growth on premiums and investment income, while catastrophe losses eased. CNA Financial Corporation (CNA - Free Report) reported first-quarter 2026 core earnings of 83 cents per share, which missed the Zacks Consensus Estimate by 44.3%. The bottom line decreased 19.4% year over year.

The quarterly results of CNA reflected higher claims and expenses, a sharp deterioration in the combined ratio, which pressured underwriting income. These factors were partially offset by modest premium growth, improved investment income and decreased catastrophe losses.

Behind Q1 HeadlinesTotal operating revenues of CNA Financial were $3.3 billion, up 2.2% year over year, driven by higher premiums and net investment income. The top line missed the Zacks Consensus Estimate by 0.3%.

Net written premiums of Property & Casualty Operations increased 1% year over year to $2.7 billion. The new business grew 3% to $581 million.

Net investment income rose 1% year over year to $610 million. The increase was supported by higher fixed income returns, partly offset by weaker performance in limited partnerships and equities. Our estimate for net investment income was $640 million. The Zacks Consensus Estimate was pegged at $640.5 million.

Total claims, benefits and expenses increased 4% to $3.4 billion, primarily due to higher insurance claims and policyholders’ benefits, amortization of deferred acquisition costs, other operating expenses and interest expenses. Our estimate was $3.2 billion.

Catastrophe losses were $88 million, narrower than the loss of $96 million in the year-ago quarter. Underlying underwriting income declined 28% year over year to $144 million.  

The combined ratio deteriorated 380 basis points (bps) year over year to 102.2. The Zacks Consensus Estimate was pegged at 92.5, while our estimate was 92.5.

Q1 Segment ResultsSpecialty’s net written premiums decreased 1% year over year to $834 million. Our estimate was $875.5 million. The combined ratio deteriorated 760 bps to 102.7. The Zacks Consensus Estimate was pegged at 90.3.

Commercial’s net written premiums decreased 1% year over year to $1.5 billion. Our estimate was $1.5 billion. The combined ratio deteriorated 240 bps to 103.5. The Zacks Consensus Estimate was pegged at 94.2.

International’s net written premiums increased 16% year over year to $308 million. Our estimate was $254.4 million. The combined ratio deteriorated 50 bps to 95.9. The Zacks Consensus Estimate was pegged at 91.4.

Life & Group’s net earned premiums were $103 million, down 2.8% year over year. Our estimate was $101.8 million. The core loss was $9 million versus income of $6 million earned in the year-ago quarter. Core loss increased primarily due to unfavorable persistency experience.

Corporate & Others’ core loss of $17 million was narrower than the loss of $36 million incurred in the year-earlier quarter.

CNA’s Financial UpdateThe core return on equity contracted 200 bps year over year to 7.2%. Book value per share was $40.13, down 6.5% from the year-end 2025 level.

Statutory capital and surplus for the Combined Continental Casualty Companies were $11.1 billion, down 6.5% from the 2025-end level.

Net cash flow provided by operating activities decreased 38.4% to $393 million year over year.

CNA’s Dividend UpdateCNA Financial’s board of directors approved a quarterly dividend of 48 cents per share. The dividend will be paid out on June 4 to its shareholders of record as of May 18, 2026.

CNA’s Zacks RankCNA currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Performance of Some Other P&C InsurersThe Travelers Companies, Inc. (TRV - Free Report) reported first-quarter 2026 core income of $7.71 per share, which beat the Zacks Consensus Estimate by 10.5%. The bottom line surged fourfold year over year. Travelers’ total revenues remained flat from the year-ago quarter to $11.9 billion. The top-line figure, however, missed the Zacks Consensus Estimate by 3.7%.

Net written premiums increased 2% year over year to a record $10.3 billion, driven by strong growth across Business Insurance and Bond & Specialty Insurance segments. Net investment income increased 8.4% year over year to $1 billion. The figure matched the Zacks Consensus Estimate.

W.R. Berkley Corporation (WRB - Free Report) reported first-quarter 2026 operating income of $1.30 per share, which beat the Zacks Consensus Estimate by 15%. The bottom line increased 28.7% year over year.

Total revenues were $ 3.7 billion, up 5% year over year, driven by higher net premiums earned, improved net investment income, higher revenues from non-insurance businesses and increased other income. The top-line figure, however, missed the Zacks consensus Estimate by 0.28%. W.R. Berkley’s net premiums written were about $3.2 billion, up 1.3% year over year. The figure beat our estimate as well as the Zacks Consensus Estimate of $3.18 billion.

RLI Corp. (RLI - Free Report) reported first-quarter 2026 operating earnings of 83 cents per share, which missed the Zacks Consensus Estimate by 2.3%. The bottom line decreased 13.2% from the prior-year quarter.

Operating revenues for the reported quarter were $454 million, up 4.4% year over year, driven by higher net premiums earned and net investment income. The top-line figure beat the Zacks Consensus Estimate by 1%. Gross premiums written increased 3% year over year to $503.9 million, driven by strong growth in the casualty segment (up 10%). Our estimate was $523.9 million.

A month has gone by since the last earnings report for CNA Financial (CNA - Free Report) . Shares have lost about 5.1% in that time frame, underperforming the S&P 500.

Will the recent negative trend continue leading up to its next earnings release, or is CNA Financial due for a breakout? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent catalysts for CNA Financial Corporation before we dive into how investors and analysts have reacted as of late.

CNA Financial Q1 Earnings Miss Estimates on Weak Underwriting Income

CNA Financial reported first-quarter 2026 core earnings of 83 cents per share, which missed the Zacks Consensus Estimate by 44.3%. The bottom line decreased 19.4% year over year.

The quarterly results of CNA reflected higher claims and expenses, a sharp deterioration in the combined ratio, which pressured underwriting income. These factors were partially offset by modest premium growth, improved investment income and decreased catastrophe losses.

Behind Q1 Headlines

Total operating revenues of CNA Financial were $3.3 billion, up 2.2% year over year, driven by higher premiums and net investment income. The top line missed the Zacks Consensus Estimate by 0.3%.

Net written premiums of Property & Casualty Operations increased 1% year over year to $2.7 billion. The new business grew 3% to $581 million.
Net investment income rose 1% year over year to $610 million. The increase was supported by higher fixed income returns, partly offset by weaker performance in limited partnerships and equities. Our estimate for net investment income was $640 million. The Zacks Consensus Estimate was pegged at $640.5 million.

Total claims, benefits and expenses increased 4% to $3.4 billion, primarily due to higher insurance claims and policyholders’ benefits, amortization of deferred acquisition costs, other operating expenses and interest expenses. Our estimate was $3.2 billion.

Catastrophe losses were $88 million, narrower than the loss of $96 million in the year-ago quarter. Underlying underwriting income declined 28% year over year to $144 million.

The combined ratio deteriorated 380 basis points (bps) year over year to 102.2. The Zacks Consensus Estimate was pegged at 92.5, while our estimate was 92.5.

Q1 Segment Results

Specialty’s net written premiums decreased 1% year over year to $834 million. Our estimate was $875.5 million. The combined ratio deteriorated 760 bps to 102.7. The Zacks Consensus Estimate was pegged at 90.3.

Commercial’s net written premiums decreased 1% year over year to $1.5 billion. Our estimate was $1.5 billion. The combined ratio deteriorated 240 bps to 103.5. The Zacks Consensus Estimate was pegged at 94.2.

International’s net written premiums increased 16% year over year to $308 million. Our estimate was $254.4 million. The combined ratio deteriorated 50 bps to 95.9. The Zacks Consensus Estimate was pegged at 91.4.

Life & Group’s net earned premiums were $103 million, down 2.8% year over year. Our estimate was $101.8 million. The core loss was $9 million versus income of $6 million earned in the year-ago quarter. Core loss increased primarily due to unfavorable persistency experience.

Corporate & Others’ core loss of $17 million was narrower than the loss of $36 million incurred in the year-earlier quarter.

CNA’s Financial Update

The core return on equity contracted 200 bps year over year to 7.2%. Book value per share was $40.13, down 6.5% from the year-end 2025 level.

Statutory capital and surplus for the Combined Continental Casualty Companies were $11.1 billion, down 6.5% from the 2025-end level.

Net cash flow provided by operating activities decreased 38.4% to $393 million year over year.

CNA’s Dividend Update

CNA Financial’s board of directors approved a quarterly dividend of 48 cents per share. The dividend will be paid out on June 4 to its shareholders of record as of May 18, 2026.

How Have Estimates Been Moving Since Then?It turns out, fresh estimates have trended downward during the past month.

The consensus estimate has shifted -11.77% due to these changes.

VGM ScoresAt this time, CNA Financial has a poor Growth Score of F, however its Momentum Score is doing a bit better with a D. However, the stock has a grade of B on the value side, putting it in the top 40% for this investment strategy.

Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending downward for the stock, and the magnitude of this revision indicates a downward shift. It's no surprise CNA Financial has a Zacks Rank #5 (Strong Sell). We expect a below average return from the stock in the next few months.

Performance of an Industry PlayerCNA Financial is part of the Zacks Insurance - Property and Casualty industry. Over the past month, RLI Corp. (RLI - Free Report) , a stock from the same industry, has gained 1.7%. The company reported its results for the quarter ended March 2026 more than a month ago.

RLI Corp. reported revenues of $453.71 million in the last reported quarter, representing a year-over-year change of +4.3%. EPS of $0.83 for the same period compares with $0.92 a year ago.

RLI Corp. is expected to post earnings of $0.70 per share for the current quarter, representing a year-over-year change of -16.7%. Over the last 30 days, the Zacks Consensus Estimate has changed +0.7%.

The overall direction and magnitude of estimate revisions translate into a Zacks Rank #4 (Sell) for RLI Corp.. Also, the stock has a VGM Score of C.

Posted by Defense World Staff on Apr 5th, 2026

Interparfums, Inc. (NASDAQ:IPAR – Get Free Report) CEO Jean Madar sold 20,000 shares of the business’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $91.02, for a total transaction of $1,820,400.00. Following the completion of the sale, the chief executive officer owned 7,066,341 shares of the company’s stock, valued at $643,178,357.82. The trade was a 0.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Interparfums Stock Performance NASDAQ:IPAR opened at $90.61 on Friday. Interparfums, Inc. has a 1 year low of $77.21 and a 1 year high of $142.61. The firm’s fifty day simple moving average is $96.16 and its 200 day simple moving average is $91.93. The company has a current ratio of 2.99, a quick ratio of 1.97 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $2.91 billion, a PE ratio of 17.29 and a beta of 1.25.

Interparfums (NASDAQ:IPAR – Get Free Report) last released its earnings results on Tuesday, February 24th. The company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.10. The firm had revenue of $386.18 million during the quarter, compared to analyst estimates of $366.76 million. Interparfums had a net margin of 11.31% and a return on equity of 15.76%. The business’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.82 EPS. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. On average, sell-side analysts anticipate that Interparfums, Inc. will post 5.14 EPS for the current year.

Interparfums Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Monday, March 16th. Interparfums’s payout ratio is currently 61.07%.

Wall Street Analyst Weigh In IPAR has been the subject of a number of research reports. BWS Financial reissued a “neutral” rating and issued a $85.00 price target on shares of Interparfums in a report on Thursday, January 29th. Weiss Ratings restated a “hold (c-)” rating on shares of Interparfums in a research note on Friday, March 27th. Zacks Research raised Interparfums from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. Wall Street Zen downgraded Interparfums from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Finally, Jefferies Financial Group started coverage on Interparfums in a report on Wednesday, January 14th. They set a “buy” rating and a $112.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $110.67.

Check Out Our Latest Research Report on IPAR

Institutional Trading of Interparfums Several institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Interparfums by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 2,163,784 shares of the company’s stock worth $183,554,000 after purchasing an additional 62,832 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Interparfums by 10.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 776,043 shares of the company’s stock valued at $65,831,000 after purchasing an additional 73,159 shares during the period. Westwood Holdings Group Inc. raised its holdings in shares of Interparfums by 66.8% in the 2nd quarter. Westwood Holdings Group Inc. now owns 775,590 shares of the company’s stock worth $101,843,000 after buying an additional 310,712 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Interparfums by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 753,469 shares of the company’s stock worth $63,917,000 after buying an additional 23,767 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Interparfums by 17.3% during the 4th quarter. First Trust Advisors LP now owns 736,782 shares of the company’s stock worth $62,501,000 after buying an additional 108,433 shares during the period. 55.57% of the stock is currently owned by institutional investors and hedge funds.

Interparfums Company Profile (Get Free Report)

Interparfums, Inc is a global fragrance company that designs, manufactures and distributes a broad range of premium perfume and cosmetic products. Operating primarily through licensing agreements with established fashion and luxury brands, the company oversees every stage of product development from concept and formulation to production and global distribution. Its portfolio encompasses well-known names in the fragrance industry, including Montblanc, Coach, Jimmy Choo, Van Cleef & Arpels and Lanvin, among others.

The company’s core activities include fragrance creation, brand management and international logistics.

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Key Takeaways Interparfums' top seven brands delivered 8% Q4 growth and 5% full-year gains.Interparfums continues to scale newer brands through innovation and global demand.Interparfums expands via new brands, GUESS license extension and launches like Solferino. Interparfums, Inc.’s (IPAR - Free Report) growth strategy remains firmly anchored in the strength and expansion of the brand portfolio, which continues to be a key driver of consistent performance. The company’s approach centers on balancing established prestige labels with newer high-growth brands, enabling it to deliver resilience even amid macroeconomic pressures.

A defining feature of this strategy is the concentration of revenues among its leading brands. In its fourth quarter of 2025 earnings, the company mentioned that the top seven brands accounted for approximately 77% of total sales and delivered growth of 8% in the quarter and 5% for the full year. This underscores the effectiveness of prioritizing high-performing labels while continuing to invest in their global appeal through innovation and marketing.

Interparfums has also demonstrated a strong ability to scale newer brands. Lacoste and Roberto Cavalli, now in their second full year under the company’s management, delivered impressive momentum, driven by innovative launches and solid global demand. Cavalli recorded 33% growth in both the fourth quarter and full year, while Lacoste posted gains of 23% and 28%, respectively. These results highlight the company’s ability to effectively convert brand investments into sustained sales growth.

Beyond organic growth, portfolio expansion remains a key pillar. The company is actively broadening its reach through new brand introductions, license extensions and proprietary launches such as Solferino. This approach strengthens diversification while improving long-term revenue visibility. Interparfums is also reinforcing its pipeline through strategic agreements, including a 15-year extension of the GUESS license through 2048 and the addition of brands such as David Beckham and Nautica.

Importantly, Interparfums supports its brands through sustained investment in advertising and promotion, reinforcing brand equity and driving sell-through. This disciplined brand strategy, focused on scaling proven franchises and nurturing emerging labels, positions the company to maintain consistent growth in an evolving global fragrance market.

IPAR’s Zacks Rank & Share Price PerformanceShares of this Zacks Rank #2 (Buy) company have gained 2.4% in the past three months against the broader Consumer Discretionary sector and the S&P 500 index’s decline of 8.5% and 5.2%, respectively. Interparfums has also outperformed the industry's 0.9% growth during the same period.

IPAR Stock's Past 3 Months’ Performance
Image Source: Zacks Investment Research

Is IPAR a Value Play Stock?Interparfums currently trades at a forward 12-month P/E ratio of 18.27 compared with the industry average of 15.71 and the sector average of 17.05. This valuation places the stock at a noticeable premium relative to comparable peers and the sector overall.

IPAR P/E Ratio (Forward 12 Months)
Image Source: Zacks Investment Research

Other Stocks Worth ConsideringCrocs, Inc. (CROX - Free Report) designs, develops, manufactures, markets, distributes and sells casual lifestyle footwear and accessories for men, women and kids under the Crocs and HEYDUDE Brands in the United States and internationally. It currently carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The Zacks Consensus Estimate for Crocs’ current financial-year sales and EPS indicates a rise of 0.4% and 7%, respectively, from the year-ago number. CROX delivered a trailing four-quarter earnings surprise of 16.6%, on average.

Ralph Lauren (RL - Free Report) designs, markets and distributes lifestyle products in North America, Europe, Asia and internationally. It currently carries a Zacks Rank of 2. RL delivered a trailing four-quarter earnings surprise of 9.7%, on average.

The Zacks Consensus Estimate for RL’s current fiscal-year sales and EPS indicates growth of 12.4% and 31.8%, respectively, from the year-ago number.

Kontoor Brands, Inc. (KTB - Free Report) , a lifestyle apparel company, designs, manufactures, procures, sells and licenses apparel, footwear and accessories, primarily under the Wrangler, Lee and Helly Hansen brands. It currently carries a Zacks Rank of 2. KTB delivered a trailing four-quarter earnings surprise of 13.9%, on average.

The Zacks Consensus Estimate for KTB’s current financial-year sales and EPS is expected to rise 9.2% and 15.6%, respectively, from the corresponding year-ago reported figures.

Key Takeaways IPAR reported Q1 sales of $345M, up 2% YoY, with FX gains offsetting a 2% organic decline.IPAR Europe sales rose 2% to $252M, driven by Coach and Montblanc growth despite Jimmy Choo, Lacoste weakness.IPAR U.S. sales rose 2% to $96M, with gains in GUESS and Roberto Cavalli offsetting Donna Karan/DKNY decline. Interparfums, Inc. (IPAR - Free Report) announced its sales results for the first quarter, which ended March 31, 2026. The results reflected modest top-line growth supported by favorable foreign exchange, partially offset by softer organic trends and mixed brand performance amid a normalizing fragrance market.

Interparfums’ Solid Sales NumbersFor the first quarter of 2026, Interparfums posted a 2% increase in net sales to $345 million, compared with $339 million in the prior-year period. Growth was supported by solid performances from select brands and favorable foreign exchange, which helped offset weaker trends across other parts of the portfolio.

Organic sales declined 2%, reflecting macroeconomic pressures and geopolitical headwinds, including a roughly 1% impact from the Middle East war conflict. Meanwhile, a favorable dollar/euro exchange rate resulted in a positive 4.6% foreign exchange impact on reported sales in the quarter.

Interparfums’ Europe-Based Sales PerformanceEurope-based net sales were $252 million in the first quarter, a 2% increase from the prior period, including 5.5% benefit from foreign exchange.

Several brands contributed meaningfully to performance. Coach fragrances posted 30% growth, driven by strong sell-in of new extensions such as Coach Women and Coach Men franchises, Coach Cherry and Coach Platinum, along with sustained demand for core lines.

Montblanc delivered 14% growth, benefiting from the launch of Legend Elixir and the continued traction of the Explorer Extreme line. 
In contrast, Jimmy Choo sales declined 4% due to softer demand in parts of Europe and Asia, despite strength in the United States, while Lacoste sales fell 12%, reflecting a tough comparison base and weaker conditions in Eastern Europe, though management remains optimistic about upcoming launches.

Interparfums’ US-Based MetricsU.S.-based net sales rose 2% to $96 million, including a 2.5% favorable foreign exchange impact, while organic sales were broadly flat.

Fragrance sales of GUESS rose 11%, on the back of new launches such as Iconic Sublime and Seductive Desire. Roberto Cavalli maintained strong momentum, with sales rising 32%, driven by product innovations, including the Just Cavalli Wild Heart extensions.

Meanwhile, Donna Karan/DKNY sales declined 3% against a strong prior-year comparison, although the Be Delicious Core line rebounded 17%, indicating improving consumer demand trends.

IPAR’s Management OutlookInterparfums maintains a cautiously positive outlook for the rest of 2026, even as it has lowered expectations for the Middle East amid ongoing geopolitical challenges. The company is increasingly focused on leveraging stronger trends in other regions to offset this impact. Looking ahead, management sees 2027 as a more favorable growth phase, supported by a richer innovation pipeline, contributions from newly added brands and continued portfolio expansion opportunities.

This Zacks Rank #2 (Buy) stock has gained 5% in the past month compared with the industry’s rise of 4.3%.

IPAR Price Performance vs. Industry
Image Source: Zacks Investment Research

Other Stocks Worth ConsideringVince Holding Corp. (VNCE - Free Report) provides luxury apparel and accessories in the United States and internationally. At present, the company flaunts a Zacks Rank of 1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Vince Holding’s current fiscal-year sales growth of 4.3%, from the year-ago figures. VNCE delivered a trailing four-quarter earnings surprise of 647.2%, on average.

Ralph Lauren (RL - Free Report) designs, markets and distributes lifestyle products in North America, Europe, Asia and internationally. It currently carries a Zacks Rank of 2. RL delivered a trailing four-quarter earnings surprise of 9.7%, on average.

The Zacks Consensus Estimate for Ralph Lauren’s current fiscal-year sales and EPS indicates growth of 12.4% and 31.8%, respectively, from the year-ago number.

Kontoor Brands, Inc. (KTB - Free Report) , a lifestyle apparel company, designs, manufactures, procures, sells and licenses apparel, footwear and accessories, primarily under the Wrangler, Lee and Helly Hansen brands. It currently carries a Zacks Rank of 2. KTB delivered a trailing four-quarter earnings surprise of 13.9%, on average.

The Zacks Consensus Estimate for Kontoor Brands’ current financial-year sales and EPS is expected to rise 9.2% and 15.6%, respectively, from the corresponding year-ago reported figures.