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CNA Financial CNA Corporate & Other — Gross Case Reserves

Other segment segments

Commercial
$4.09B+10.9%
Specialty
$2.17B+7.1%
International
$1.05B+20.1%
Life & Group
$556M-2.8%

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AIZShort Duration — Case Reserves
$299.8M-69.3%
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AIZLong Duration, Non-core Operations — Case Reserves
$900K-25.0%
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AIZLong Duration Contracts, All Other Disposed or Runoff Businesses — Case Reserves
$0
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AIZShort Duration Contracts, All Other Disposed and Runoff Businesses — Case Reserves
$61.7M-24.5%
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AIZShort Duration Contracts, Non-core Operations — Case Reserves
$30.2M-14.9%
KG
KGLiability For Unpaid Claims And Claims Adjustment Expense Reported Claims Amount
$269.15M-24.0%

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:LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseReportedClaimsAmount.

The source filing: CNA Financial’s 10-K, filed February 10, 2026.

Filed
Feb 10, 2026, 8:11 AM EST
Fiscal year
FY2025
Accession
0000021175-26-000011
December 31, 2025SpecialtyCommercialInternationalLife & GroupCorporate & OtherTotal
(In millions)
Gross Case Reserves$2,166$4,093$1,052$556$1,196$9,063
Gross IBNR Reserves5,6188,1562,324351,40317,536
Total Gross Carried Claim and Claim Adjustment Expense Reserves$7,784$12,249$3,376$591$2,599$26,599
Net Case Reserves$1,801$3,508$880$506$119$6,814
Net IBNR Reserves4,3877,1881,9612923813,803
Total Net Carried Claim and Claim Adjustment Expense Reserves$6,188$10,696$2,841$535$357$20,617

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is CNA Financial's corporate & other — gross case reserves?
CNA Financial (CNA) reported corporate & other — gross case reserves of $1.2B in Q4 2025.
How has CNA Financial's corporate & other — gross case reserves changed year-over-year?
CNA Financial's corporate & other — gross case reserves decreased by 3.6% year-over-year, from $1.24B to $1.2B.
What does corporate & other — gross case reserves mean?
Gross case reserves represent the estimated amount of money set aside for individual claims that have been reported to the insurer but not yet settled. This figure is calculated before any deductions for reinsurance recoveries. It provides a view of the total exposure for known claims before risk-sharing agreements are applied.

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