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CNA Financial CNA Specialty — Reinsurance Recoverables On Unpaid Losses Gross

Discontinued — last reported Q4 '19

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CNCSpecialty Services — Reinsurance Recoverables On Paid And Unpaid Losses
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ACGLSpecialty — Unpaid losses and loss adjustment expenses recoverable
$1.39B+38.9%
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RNRCasualty and Specialty — Reinsurance Recoverable
$3.1B+10.0%
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CNCOther — Reinsurance Recoverable for Unpaid Claims and Claims Adjustments
$0
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ACGLMulti-line and other specialty — Unpaid losses and loss adjustment expenses recoverable
$436M+22.5%
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CNCCommercial — Reinsurance Recoverable for Unpaid Claims and Claims Adjustments
$68M+47.8%

Other financials

Income statement

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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

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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:ReinsuranceRecoverablesOnUnpaidLossesGross.

The official record: CNA Financial’s 10-K, filed February 11, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does specialty — reinsurance recoverables on unpaid losses gross mean?
The portion of unpaid insurance claims that the company expects to be reimbursed for by its reinsurers.
How do you interpret specialty — reinsurance recoverables on unpaid losses gross?
Higher recoverables indicate greater reliance on reinsurance, which reduces net risk but introduces counterparty credit risk.
How does specialty — reinsurance recoverables on unpaid losses gross compare across companies?
Standard metric for assessing reinsurance utilization and counterparty exposure.