What is CNA Financial's specialty — gross case reserves?

CNA Financial (CNA) reported specialty — gross case reserves of $2.17B in Q4 2025.

How has CNA Financial's specialty — gross case reserves changed year-over-year?

CNA Financial's specialty — gross case reserves increased by 7.1% year-over-year, from $2.02B to $2.17B.

What does specialty — gross case reserves mean?

The total estimated amount of money set aside for individual claims that have been reported to the insurer but not yet settled. This figure is calculated on a gross basis, before accounting for any potential recoveries from reinsurance partners.

CNA Financial (CNA) Specialty — Gross Case Reserves

Screener

Other segment segments

Commercial

$4.09B+10.9%

Corporate & Other

$1.2B-3.6%

International

$1.05B+20.1%

Life & Group

$556M-2.8%

Similar metrics at other companies

AIZShort Duration — Case Reserves

$299.8M-69.3%

AIZLong Duration, Non-core Operations — Case Reserves

$900K-25.0%

AIZShort Duration Contracts, Non-core Operations — Case Reserves

$30.2M-14.9%

AIZLong Duration Contracts, All Other Disposed or Runoff Businesses — Case Reserves

$0—

AIZShort Duration Contracts, All Other Disposed and Runoff Businesses — Case Reserves

$61.7M-24.5%

KGLiability For Unpaid Claims And Claims Adjustment Expense Reported Claims Amount

$269.15M-24.0%

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

See full

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

See full

Operating cash flow$393.0M-38.4%

CapEx$13.0M-27.8%

Free cash flow$380.0M-38.7%

Valuation

See full

Market cap$14.16B+9.9%

Enterprise value$16.61B+7.3%

P/E11.7×-3.0×

P/S0.9×+0.1×

Profitability

See full

Net margin8.1%+1.9pp

FCF margin14.4%-3.7pp

Returns & leverage

See full

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:LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseReportedClaimsAmount.

The source filing: CNA Financial’s 10-K, filed February 10, 2026.

Filed: Feb 10, 2026, 8:11 AM EST
Fiscal year: FY2025
Accession: 0000021175-26-000011

December 31, 2025	Specialty	Commercial	International	Life & Group	Corporate & Other	Total
(In millions)
Gross Case Reserves	$2,166	$4,093	$1,052	$556	$1,196	$9,063
Gross IBNR Reserves	5,618	8,156	2,324	35	1,403	17,536
Total Gross Carried Claim and Claim Adjustment Expense Reserves	$7,784	$12,249	$3,376	$591	$2,599	$26,599
Net Case Reserves	$1,801	$3,508	$880	$506	$119	$6,814
Net IBNR Reserves	4,387	7,188	1,961	29	238	13,803
Total Net Carried Claim and Claim Adjustment Expense Reserves	$6,188	$10,696	$2,841	$535	$357	$20,617

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is CNA Financial's specialty — gross case reserves?: CNA Financial (CNA) reported specialty — gross case reserves of $2.17B in Q4 2025.
How has CNA Financial's specialty — gross case reserves changed year-over-year?: CNA Financial's specialty — gross case reserves increased by 7.1% year-over-year, from $2.02B to $2.17B.
What does specialty — gross case reserves mean?: The total estimated amount of money set aside for individual claims that have been reported to the insurer but not yet settled. This figure is calculated on a gross basis, before accounting for any potential recoveries from reinsurance partners.