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CNA Financial CNA Specialty — Deferred acquisition costs

Other segment segments

Commercial
$407M-3.8%
International
$147M+8.9%
Corporate & Other
$0
Life & Group
$0

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Other financials

Income statement

See full
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:DeferredPolicyAcquisitionCosts.

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
Reinsurance receivables$1,658$1,901$575$56$2,229$6,419
Insurance receivables8852,43242713,745
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

Item 1. Condensed Consolidated Financial Statements

FAQ

What is CNA Financial's specialty — deferred acquisition costs?
CNA Financial (CNA) reported specialty — deferred acquisition costs of $454M in Q1 2026.
How has CNA Financial's specialty — deferred acquisition costs changed year-over-year?
CNA Financial's specialty — deferred acquisition costs increased by 2.9% year-over-year, from $441M to $454M.
What is the long-term trend for CNA Financial's specialty — deferred acquisition costs?
Over 4 years (2021 to 2025), CNA Financial's specialty — deferred acquisition costs has grown at a 6.3% compound annual growth rate (CAGR), from $1.4B to $1.78B.
What does specialty — deferred acquisition costs mean?
This represents the capitalized costs directly associated with acquiring new insurance business, such as commissions and premium taxes, which are amortized over the life of the policy. It reflects the upfront investment made by the Specialty segment to generate future premium revenue. Changes in this balance indicate shifts in the volume of new business or changes in the cost structure of acquisition.

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