What is CNA Financial's specialty — catastrophe losses?

CNA Financial (CNA) reported specialty — catastrophe losses of $0 in Q1 2026.

What is the long-term trend for CNA Financial's specialty — catastrophe losses?

Over 3 years (2022 to 2025), CNA Financial's specialty — catastrophe losses has grown at a -100.0% compound annual growth rate (CAGR), from $2M to $0.

What does specialty — catastrophe losses mean?

Represents the financial impact of large-scale, unpredictable events such as natural disasters or major man-made incidents on the insurance portfolio. These losses are typically excluded from core underwriting performance metrics to provide a clearer view of operational trends.

CNA Financial (CNA) Specialty — Catastrophe losses

Screener

Other segment segments

Commercial

$84M-2.3%

International

$4M-63.6%

Similar metrics at other companies

SPNTReinsurance — Catastrophe losses

$0+100%

HMNCorporate & Other — Catastrophe losses

$0—

HMNLife & Retirement — Catastrophe losses

$0—

HMNProperty & Casualty — Catastrophe losses

$11.3M-31.1%

SPNTInsurance & Services — Catastrophe losses

$1.3M—

HMNSupplemental & Group Benefits — Catastrophe losses

$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:LossFromCatastrophes.

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 / (In millions)	2026	2025
Specialty
Non-catastrophe net incurred claim and claim adjustment expenses related to current year	$536	$499
Catastrophe losses	—	—
(Favorable) unfavorable development (1)	45	10
Commercial
Non-catastrophe net incurred claim and claim adjustment expenses related to current year	$936	$868
Catastrophe losses	84	86
(Favorable) unfavorable development (1)	55	51

Item 1. Condensed Consolidated Financial Statements

FAQ

What is CNA Financial's specialty — catastrophe losses?: CNA Financial (CNA) reported specialty — catastrophe losses of $0 in Q1 2026.
What is the long-term trend for CNA Financial's specialty — catastrophe losses?: Over 3 years (2022 to 2025), CNA Financial's specialty — catastrophe losses has grown at a -100.0% compound annual growth rate (CAGR), from $2M to $0.
What does specialty — catastrophe losses mean?: Represents the financial impact of large-scale, unpredictable events such as natural disasters or major man-made incidents on the insurance portfolio. These losses are typically excluded from core underwriting performance metrics to provide a clearer view of operational trends.