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CNA Financial CNA Commercial Auto — Total unallocated claim adjustment expense development

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HIGCommercial automobile physical damage — Unpaid Unallocated Loss Adjustment Expenses, Net of Reinsurance
$1M0.0%
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ALLUnallocated loss adjustment expenses (“ULAE”) — Net outstanding liabilities
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LTR
LTRCommercial auto — Total unallocated claim adjustment expense development
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LTRCommercial Auto — Shortduration Insurance Contracts Liability For Unpaid Claims And Claims Adjustment Expense Accumulated Unallocated Claim Adjustment Expense
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LTRGeneral liability — Total unallocated claim adjustment expense development
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LTRCommercial Auto — Shortduration Insurance Contracts Liability For Unpaid Claims And Allocated Claim Adjustment Expense Net

Other financials

Income statement

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Revenue$3.7B+1.4%
Net income$211.0M-23.0%
EPS (diluted)$0.78-22.0%

Balance sheet

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Cash & equivalents$522.0M+8.1%
Total debt$3.0B-0.1%
Total equity$10.9B+5.6%
Total assets$68.6B+1.8%

Cash flow

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Operating cash flow$393.0M-38.4%
CapEx$13.0M-27.8%
Free cash flow$380.0M-38.7%

Valuation

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Market cap$12.04B-9.7%
Enterprise value$14.49B-8.4%
P/E9.9×-5.0×
P/S0.8×-0.1×

Profitability

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Net margin8.1%+1.9pp
FCF margin14.4%-3.7pp

Returns & leverage

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Return on equity11.5%+2.5pp
Debt / equity0.3×0.0×

Where this comes from

Reported directly by CNA Financial in its filing.

Tagged under the XBRL concept cna:UnallocatedClaimAdjustmentExpenseDevelopment.

The official record: CNA Financial’s 10-K, filed February 10, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is CNA Financial's commercial auto — total unallocated claim adjustment expense development?
CNA Financial (CNA) reported commercial auto — total unallocated claim adjustment expense development of $750K in Q4 2025.
What does commercial auto — total unallocated claim adjustment expense development mean?
The change in the estimated administrative costs required to settle commercial auto claims compared to previous projections.
How do you interpret commercial auto — total unallocated claim adjustment expense development?
An increase in development suggests that administrative costs to settle claims are higher than originally anticipated.
How does commercial auto — total unallocated claim adjustment expense development compare across companies?
Peers monitor this to ensure that administrative overhead does not erode underwriting margins.