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CNA Financial CNA Commercial — Income Tax Expense (Benefit) on Operating Income (Loss)

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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 cna:IncomeTaxExpenseBenefitOnOperatingIncomeLoss.

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, 2026 / (In millions)SpecialtyCommercialInternationalLife &GroupCorporate& OtherEliminationsTotal
Interest expense3333
Other segment items (1)12112115(3)38
Total claims, benefits and expenses1,2441,47232234431(3)3,410
Income tax (expense) benefit on core income (loss)(26)(27)(18)83(60)
Core income (loss)$99$112$37$(9)$(14)$225
Net investment gains (losses)(18)
Income tax (expense) benefit on net investment gains (losses)4
Net investment gains (losses), after tax(14)

Item 1. Condensed Consolidated Financial Statements

FAQ

What is CNA Financial's commercial — income tax expense (benefit) on operating income (loss)?
CNA Financial (CNA) reported commercial — income tax expense (benefit) on operating income (loss) of $27M in Q1 2026.
How has CNA Financial's commercial — income tax expense (benefit) on operating income (loss) changed year-over-year?
CNA Financial's commercial — income tax expense (benefit) on operating income (loss) decreased by 20.6% year-over-year, from $34M to $27M.
What is the long-term trend for CNA Financial's commercial — income tax expense (benefit) on operating income (loss)?
Over 4 years (2021 to 2025), CNA Financial's commercial — income tax expense (benefit) on operating income (loss) has grown at a 20.2% compound annual growth rate (CAGR), from $103M to $215M.
What does commercial — income tax expense (benefit) on operating income (loss) mean?
The tax provision or benefit calculated specifically on the operating income or loss of the commercial segment. This represents the tax impact of the segment's core underwriting and investment performance.

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