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CNA Financial CNA Commercial — Catastrophe losses

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International
$4M-63.6%
Specialty
$0

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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$14.16B+9.9%
Enterprise value$16.61B+7.3%
P/E11.7×-3.0×
P/S0.9×+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 us-gaap:LossFromCatastrophes.

The source filing: CNA Financial’s 10-Q, filed May 4, 2026.

Filed
May 4, 2026, 6:22 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000021175-26-000031
Three months ended March 31 / (In millions)20262025
(Favorable) unfavorable development (1)4510
Commercial
Non-catastrophe net incurred claim and claim adjustment expenses related to current year$936$868
Catastrophe losses8486
(Favorable) unfavorable development (1)5551
International
Non-catastrophe net incurred claim and claim adjustment expenses related to current year$200$181
Catastrophe losses411

Item 1. Condensed Consolidated Financial Statements

FAQ

What is CNA Financial's commercial — catastrophe losses?
CNA Financial (CNA) reported commercial — catastrophe losses of $84M in Q1 2026.
How has CNA Financial's commercial — catastrophe losses changed year-over-year?
CNA Financial's commercial — catastrophe losses decreased by 2.3% year-over-year, from $86M to $84M.
What is the long-term trend for CNA Financial's commercial — catastrophe losses?
Over 3 years (2022 to 2025), CNA Financial's commercial — catastrophe losses has grown at a -0.8% compound annual growth rate (CAGR), from $222M to $217M.
What does commercial — catastrophe losses mean?
Refers to the net incurred losses and claim adjustment expenses resulting from catastrophic events, such as natural disasters or large-scale man-made incidents, occurring within the commercial segment. These are typically high-severity, low-frequency events that significantly impact quarterly and annual earnings volatility. Monitoring this helps investors assess the segment's exposure to extreme environmental or systemic risks.

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