CNA Financial: A Proxy Bond Offering A High Yield

  • CNA Financial is a reliable 'proxy bond' investment, offering predictable returns and a strong, gradually increasing dividend for income-focused investors. Recent Q1 2025 results showed margin deterioration due to higher loss ratios and claim inflation, but no alarming trends for long-term holders. The 8% dividend yield, boosted by regular and special dividends, is the main attraction, though the special dividend can be cut in tough years.