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CNA Financial CNA Specialty — Unearned premiums

Other segment segments

Commercial
$3.45B+2.6%
International
$806M+6.1%
Life & Group
$107M-4.5%
Corporate & Other
$0

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$1.25B+3.8%

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$14.16B+9.9%
Enterprise value$16.61B+7.3%
P/E11.7×-3.0×
P/S0.9×+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:UnearnedPremiums.

The source filing: CNA Financial’s 10-Q, filed May 4, 2026.

Filed
May 4, 2026, 6:22 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000021175-26-000031
March 31, 2026 / (In millions)SpecialtyCommercialInternationalLife &GroupCorporate& OtherEliminationsTotal
Deferred acquisition costs4544071471,008
Goodwill11730147
Deferred non-insurance warranty acquisition expense3,0983,098
Insurance reserves
Claim and claim adjustment expenses7,78512,6683,3965782,50626,933
Unearned premiums3,2813,453806107(1)7,646
Future policy benefits13,19513,195
Deferred non-insurance warranty revenue3,9763,976

Item 1. Condensed Consolidated Financial Statements

FAQ

What is CNA Financial's specialty — unearned premiums?
CNA Financial (CNA) reported specialty — unearned premiums of $3.28B in Q1 2026.
How has CNA Financial's specialty — unearned premiums changed year-over-year?
CNA Financial's specialty — unearned premiums increased by 0.4% year-over-year, from $3.27B to $3.28B.
What is the long-term trend for CNA Financial's specialty — unearned premiums?
Over 4 years (2021 to 2025), CNA Financial's specialty — unearned premiums has grown at a 3.9% compound annual growth rate (CAGR), from $11.32B to $13.16B.
What does specialty — unearned premiums mean?
This represents the portion of premiums written by the Specialty segment that has not yet been earned because the policy period has not expired. It acts as a liability on the balance sheet, representing the segment's obligation to provide coverage for the remainder of the policy term. Growth in this metric is a leading indicator of future revenue growth for the segment.

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