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CNA Financial CNA Specialty — Policyholder Benefits and Claims Incurred, Net

Other segment segments

Commercial
$1.08B+6.9%
Life & Group
$314M+4.7%
International
$204M+6.3%
Corporate & Other
-$17M-289%

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$61.12M+176%
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RNRCasualty and Specialty — Incurred Claims and Claim Expenses, Net of Reinsurance
$26.83B+537%
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CNCSpecialty Services — Shortduration Insurance Contracts Incurred Claims And Allocated Claim Adjustment Expense Net
$1.71B+244%
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RNRCasualty and Specialty — Net claims and claim expenses incurred (Notes 5 and 6)
$899.86M-19.7%
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ACGLSpecialty — Incurred losses and allocated loss adjustment expenses, net of reinsurance
856,400,000,000%+686,800,000,000pp

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$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 us-gaap:PolicyholderBenefitsAndClaimsIncurredNet.

The official record: CNA Financial’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is CNA Financial's specialty — policyholder benefits and claims incurred, net?
CNA Financial (CNA) reported specialty — policyholder benefits and claims incurred, net of $586M in Q1 2026.
How has CNA Financial's specialty — policyholder benefits and claims incurred, net changed year-over-year?
CNA Financial's specialty — policyholder benefits and claims incurred, net increased by 15.1% year-over-year, from $509M to $586M.
What is the long-term trend for CNA Financial's specialty — policyholder benefits and claims incurred, net?
Over 4 years (2021 to 2025), CNA Financial's specialty — policyholder benefits and claims incurred, net has grown at a 4.5% compound annual growth rate (CAGR), from $1.79B to $2.13B.
What does specialty — policyholder benefits and claims incurred, net mean?
The net cost of insurance claims paid or reserved by the Specialty segment.
How do you interpret specialty — policyholder benefits and claims incurred, net?
An increase relative to premiums suggests deteriorating underwriting performance or higher loss frequency/severity.
How does specialty — policyholder benefits and claims incurred, net compare across companies?
Equivalent to 'Net Incurred Losses' or 'Claims Incurred' at other P&C insurers.