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CNA Financial CNA Commercial — Deferred acquisition costs

Other segment segments

Specialty
$454M+2.9%
International
$147M+8.9%
Corporate & Other
$0
Life & Group
$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:DeferredPolicyAcquisitionCosts.

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
March 31, 2026 / (In millions)SpecialtyCommercialInternationalLife &GroupCorporate& OtherEliminationsTotal
Reinsurance receivables$1,658$1,901$575$56$2,229$6,419
Insurance receivables8852,43242713,745
Deferred acquisition costs4544071471,008
Goodwill11730147
Deferred non-insurance warranty acquisition expense3,0983,098
Insurance reserves
Claim and claim adjustment expenses7,78512,6683,3965782,50626,933
Unearned premiums3,2813,453806107(1)7,646

Item 1. Condensed Consolidated Financial Statements

FAQ

What is CNA Financial's commercial — deferred acquisition costs?
CNA Financial (CNA) reported commercial — deferred acquisition costs of $407M in Q1 2026.
How has CNA Financial's commercial — deferred acquisition costs changed year-over-year?
CNA Financial's commercial — deferred acquisition costs decreased by 3.8% year-over-year, from $423M to $407M.
What is the long-term trend for CNA Financial's commercial — deferred acquisition costs?
Over 4 years (2021 to 2025), CNA Financial's commercial — deferred acquisition costs has grown at a 9.6% compound annual growth rate (CAGR), from $1.13B to $1.63B.
What does commercial — deferred acquisition costs mean?
These are costs directly related to the acquisition of new or renewed insurance contracts, such as commissions and premium taxes, which are capitalized and amortized over the life of the policy. This reflects the matching principle, aligning expenses with the period in which the related premium revenue is earned.

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