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CNA Financial CNA Life & Group — Policyholder Benefits and Claims Incurred, Net

Other segment segments

Commercial
$1.08B+6.9%
Specialty
$586M+15.1%
International
$204M+6.3%
Corporate & Other
-$17M-289%

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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: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 life & group — policyholder benefits and claims incurred, net?
CNA Financial (CNA) reported life & group — policyholder benefits and claims incurred, net of $314M in Q1 2026.
How has CNA Financial's life & group — policyholder benefits and claims incurred, net changed year-over-year?
CNA Financial's life & group — policyholder benefits and claims incurred, net increased by 4.7% year-over-year, from $300M to $314M.
What is the long-term trend for CNA Financial's life & group — policyholder benefits and claims incurred, net?
Over 4 years (2021 to 2025), CNA Financial's life & group — policyholder benefits and claims incurred, net has grown at a 0.6% compound annual growth rate (CAGR), from $1.26B to $1.29B.
What does life & group — policyholder benefits and claims incurred, net mean?
The total cost of claims and benefits paid or accrued to policyholders by the Life and Group segment, net of any reinsurance recoveries. This is the primary expense driver for insurance operations.

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