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CNA Financial CNA Lifeand Group — Liability For Future Policy Benefits

Discontinued — last reported Q3 '20

Similar metrics at other companies

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GLLife — Liability For Future Policy Benefits
$10.85B+4.8%
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PFGLong Term Care Insurance — Liability For Future Policy Benefits
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GLHealth — Liability For Future Policy Benefits
$1.93B+5.3%
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$1.52B+17.3%
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PRUIndividual Life — Future Policy Benefits, Losses, Claims Expenses
$28.35B+6.8%
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GLLife — Net liability for future policy benefits—long duration life
$14.2B+4.2%

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$12.04B-9.7%
Enterprise value$14.49B-8.4%
P/E9.9×-5.0×
P/S0.8×-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:LiabilityForFuturePolicyBenefits.

The official record: CNA Financial’s 10-Q, filed November 2, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does lifeand group — liability for future policy benefits mean?
The estimated long-term liability for future payouts on life and annuity policies, calculated based on actuarial projections.
How do you interpret lifeand group — liability for future policy benefits?
Changes reflect shifts in long-term actuarial assumptions, interest rate impacts on discounting, or changes in the underlying portfolio of long-duration policies.
How does lifeand group — liability for future policy benefits compare across companies?
Comparable to 'Future Policy Benefit Reserves' or 'Life Insurance Liabilities' at peer life insurance and annuity companies.