What does specialty — reinsurance recoverables gross mean?

The total amount the company expects to collect from its reinsurers for claims.

How do you interpret specialty — reinsurance recoverables gross?

A significant increase may indicate higher risk exposure being ceded to reinsurers or a large loss event impacting the portfolio.

How does specialty — reinsurance recoverables gross compare across companies?

Standard balance sheet item for all P&C insurers reporting reinsurance activity.

CNA Financial CNA Specialty — Reinsurance Recoverables Gross

Discontinued — last reported Q2 '20

Similar metrics at other companies

CNCSpecialty Services — Reinsurance Recoverables On Paid And Unpaid Losses

$0—

RNRCasualty and Specialty — Reinsurance Recoverable

$3.1B+10.0%

ACGLSpecialty — Unpaid losses and loss adjustment expenses recoverable

$1.39B+38.9%

AFGProperty and casualty insurance — Recoverables from reinsurers

$3.29B+4.9%

RNRSpecialty Reinsurance — Policyholder Benefits And Claims Incurred Net

$61.12M+176%

ALLProperty and casualty — Reinsurance and indemnification recoverables, net

$8.19B-18.8%

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 us-gaap:ReinsuranceRecoverablesGross.

The official record: CNA Financial’s 10-Q, filed August 3, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does specialty — reinsurance recoverables gross mean?: The total amount the company expects to collect from its reinsurers for claims.
How do you interpret specialty — reinsurance recoverables gross?: A significant increase may indicate higher risk exposure being ceded to reinsurers or a large loss event impacting the portfolio.
How does specialty — reinsurance recoverables gross compare across companies?: Standard balance sheet item for all P&C insurers reporting reinsurance activity.