CNA Financial Corporation (NYSE:CNA) Q4 2022 Earnings Call Transcript

Dino Robusto: I think that’s obviously a wait-and-see, right? I mean, listen, we have been cautious and prudent in how we recognize margin because of the social inflation dynamic to relatively new sort of going back 2016, ’17, it’s had a significant impact. And we obviously watch it closely. As I mentioned earlier, we also had economic inflation. I think we’ll just have to see how these more recent accident years where earned rates well above loss cost trends, how that all plays out over the next 4 or 5 years and in the meantime, it’s really what’s fueling the caution that we bring to recognizing margin.

Operator: And at this time, I’m showing no additional questions. I’d like to turn the floor back over to Dino Robusto for any closing remarks.

Dino Robusto: Great. Thank you very much, everyone and we will chat with you next quarter.

Operator: And ladies and gentlemen, with that, we’ll end today’s conference call and presentation. We thank you for joining. You may now disconnect your lines.