What is CNA Financial's specialty — net IBNR reserves?

CNA Financial (CNA) reported specialty — net IBNR reserves of $4.39B in Q4 2025.

How has CNA Financial's specialty — net IBNR reserves changed year-over-year?

CNA Financial's specialty — net IBNR reserves increased by 2.5% year-over-year, from $4.28B to $4.39B.

What does specialty — net IBNR reserves mean?

The company's net share of reserves for claims that have occurred but are not yet reported.

How do you interpret specialty — net IBNR reserves?

Changes reflect the company's net exposure to future claim development and actuarial assumptions.

How does specialty — net IBNR reserves compare across companies?

Standard industry metric known as 'Net IBNR'.

CNA Financial CNA Specialty — Net IBNR Reserves

Similar metrics at other companies

RNRCorporate Non — Liability For Unpaid Claims And Claims Adjustment Expense Incurred But Not Reported IBNR Claims Amount

$4.5M-69.9%

RNRCasualty and Specialty — IBNR

$12.96B+9.0%

CBOverseas General Insurance - Casualty — Short-duration Insurance Contracts, Incurred but Not Reported (IBNR) Claims Liability, Net

$1.7B+3.2%

LTR

LTRProperty and casualty — Net IBNR Reserves

——

LTR

LTRSpecialty — Net Ibnr Reserves

——

LTR

LTRProperty and casualty — Gross IBNR Reserves

——

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$12.04B-9.7%

Enterprise value$14.49B-8.4%

P/E9.9×-5.0×

P/S0.8×-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 cna:NetIbnrReserves.

The official record: CNA Financial’s 10-K, filed February 10, 2026, on SEC EDGAR. View the filing →

Ask your AI about CNA Financial's specialty — net ibnr reserves.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is CNA Financial's specialty — net IBNR reserves?: CNA Financial (CNA) reported specialty — net IBNR reserves of $4.39B in Q4 2025.
How has CNA Financial's specialty — net IBNR reserves changed year-over-year?: CNA Financial's specialty — net IBNR reserves increased by 2.5% year-over-year, from $4.28B to $4.39B.
What does specialty — net IBNR reserves mean?: The company's net share of reserves for claims that have occurred but are not yet reported.
How do you interpret specialty — net IBNR reserves?: Changes reflect the company's net exposure to future claim development and actuarial assumptions.
How does specialty — net IBNR reserves compare across companies?: Standard industry metric known as 'Net IBNR'.