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CNA Financial CNA Specialty — Claim and claim adjustment expenses

Other segment segments

Commercial
$12.67B+8.2%
International
$3.4B+11.5%
Corporate & Other
$2.51B-5.0%
Life & Group
$578M-6.2%

Similar metrics at other companies

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THGSpecialty Lines — Liability For Claims And Claims Adjustment Expense
$1.73B+3.4%
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RDNSpecialty Insurance — Liability For Claims And Claims Adjustment Expense
$1.42B
RenaissanceRe Holdings logo
RNRCasualty and Specialty — Reserve for claims and claim expenses (Note 6)
$17.24B+8.2%
RenaissanceRe Holdings logo
RNRProperty — Reserve for claims and claim expenses (Note 6)
$5.03B-28.0%
Fidelity National Financial logo
FNFTitle — Liability for Claims and Claims Adjustment Expense
$1.7B+0.5%
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UHALCorporate — Liability For Claims And Claims Adjustment Expense
$361.78M-2.5%

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:LiabilityForClaimsAndClaimsAdjustmentExpense.

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
March 31, 2026 / (In millions)SpecialtyCommercialInternationalLife &GroupCorporate& OtherEliminationsTotal
Deferred acquisition costs4544071471,008
Goodwill11730147
Deferred non-insurance warranty acquisition expense3,0983,098
Insurance reserves
Claim and claim adjustment expenses7,78512,6683,3965782,50626,933
Unearned premiums3,2813,453806107(1)7,646
Future policy benefits13,19513,195
Deferred non-insurance warranty revenue3,9763,976

Item 1. Condensed Consolidated Financial Statements

FAQ

What is CNA Financial's specialty — claim and claim adjustment expenses?
CNA Financial (CNA) reported specialty — claim and claim adjustment expenses of $7.79B in Q1 2026.
How has CNA Financial's specialty — claim and claim adjustment expenses changed year-over-year?
CNA Financial's specialty — claim and claim adjustment expenses increased by 2.8% year-over-year, from $7.57B to $7.79B.
What is the long-term trend for CNA Financial's specialty — claim and claim adjustment expenses?
Over 4 years (2021 to 2025), CNA Financial's specialty — claim and claim adjustment expenses has grown at a 5.6% compound annual growth rate (CAGR), from $24.82B to $30.83B.
What does specialty — claim and claim adjustment expenses mean?
This represents the total estimated costs for claims incurred by the Specialty segment, including both paid claims and the reserves set aside for future payments. It is the primary expense driver for an insurance segment and directly impacts the underwriting margin. Investors monitor this to evaluate the segment's loss experience and the adequacy of its reserving practices.

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