Dino Robusto

Executive Chairman, Cna Financial

Search every verified Dino Robusto interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Dino Robusto, Executive Chairman of CNA Financial, discussed the company's first quarter 2023 results during an earnings call on May ​1, ​2023. He reported that CNA produced "very strong results" in the quarter, citing excellent profitability and double-digit top line growth. He noted that core income increased by ​$​27 million to ​$​325 million, and pre-tax investment income rose ​$​77 million year over year to ​$​525 million. Robusto also highlighted a record pre-tax underlying underwriting gain of ​$​197 million, up ​19 percent from the prior year. Robusto attributed the performance to factors including significant new business success, continued high retention, anda rebound in rate change from the fourth quarter of last year. He stated that written rate increase was five percent in the quarter, up one point compared to the fourth quarter, with acceleration in commercial lines where rates rose two points to seven percent. He described pricing as"rational"andincreasing where needed most, with overall renewal premium change remaining strong at slightly more than seven percent. Regarding directors and officers liability pricing, Robusto said that after negative pricing in the fourth quarter, the market began to stabilize closer to flat in the first quarter as news about banking sector issues emerged.