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CNA Financial CNA Specialty — Amortization of deferred acquisition costs

Other segment segments

Commercial
$206M-5.9%
International
$73M+15.9%
Corporate & Other
$0
Life & Group
$0

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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:DeferredPolicyAcquisitionCostAmortizationExpense.

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
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
Interest expense3333
Other segment items (1)12112115(3)38

Item 1. Condensed Consolidated Financial Statements

FAQ

What is CNA Financial's specialty — amortization of deferred acquisition costs?
CNA Financial (CNA) reported specialty — amortization of deferred acquisition costs of $197M in Q1 2026.
How has CNA Financial's specialty — amortization of deferred acquisition costs changed year-over-year?
CNA Financial's specialty — amortization of deferred acquisition costs increased by 4.2% year-over-year, from $189M to $197M.
What is the long-term trend for CNA Financial's specialty — amortization of deferred acquisition costs?
Over 4 years (2021 to 2025), CNA Financial's specialty — amortization of deferred acquisition costs has grown at a 5.1% compound annual growth rate (CAGR), from $643M to $785M.
What does specialty — amortization of deferred acquisition costs mean?
The systematic expensing of costs directly associated with acquiring new insurance business, such as commissions and underwriting expenses, over the life of the related insurance contracts. This aligns the recognition of acquisition expenses with the recognition of earned premiums.

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