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CNA Financial CNA International — Policyholder Benefits and Claims Incurred, Net

Other segment segments

Commercial
$1.08B+6.9%
Specialty
$586M+15.1%
Life & Group
$314M+4.7%
Corporate & Other
-$17M-289%

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$263.73M+12.7%

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:PolicyholderBenefitsAndClaimsIncurredNet.

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
Other revenues193(3)10
Total operating revenues1,3691,61137732714(3)3,695
Claims, benefits and expenses
Net incurred claims and benefits5861,076204314(17)2,163
Policyholders’ dividends4812
Amortization of deferred acquisition costs19720673476
Non-insurance warranty expense356356
Insurance related administrative expenses891714329332

Item 1. Condensed Consolidated Financial Statements

FAQ

What is CNA Financial's international — policyholder benefits and claims incurred, net?
CNA Financial (CNA) reported international — policyholder benefits and claims incurred, net of $204M in Q1 2026.
How has CNA Financial's international — policyholder benefits and claims incurred, net changed year-over-year?
CNA Financial's international — policyholder benefits and claims incurred, net increased by 6.3% year-over-year, from $192M to $204M.
What is the long-term trend for CNA Financial's international — policyholder benefits and claims incurred, net?
Over 4 years (2021 to 2025), CNA Financial's international — policyholder benefits and claims incurred, net has grown at a 4.1% compound annual growth rate (CAGR), from $652M to $765M.
What does international — policyholder benefits and claims incurred, net mean?
This metric represents the total costs incurred by the international segment for insurance claims and policyholder benefits during the period, net of reinsurance recoveries. It is the largest expense category for an insurer and directly impacts underwriting profitability. It includes both paid claims and changes in reserves for future claims.

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