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CNA Financial CNA Deferred policy acquisition costs

Deferred policy acquisition costs at other companies

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Segments

By segment

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Specialty$454M+2.9%
Commercial$407M-3.8%
International$147M+8.9%
Corporate & Other$0
Life & Group$0

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:DeferredPolicyAcquisitionCosts.

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
(In millions, except share data)March 31, 2026 (Unaudited)December 31, 2025
Reinsurance receivables (less allowance for uncollectible receivables of $32 and $27)6,3876,381
Insurance receivables (less allowance for uncollectible receivables of $25 and $25)3,7203,739
Accrued investment income487480
Deferred acquisition costs1,008986
Deferred income taxes603575
Property and equipment at cost (less accumulated depreciation of $354 and $346)287282
Goodwill147148
Deferred non-insurance warranty acquisition expense3,0983,220

Item 1. Condensed Consolidated Financial Statements

FAQ

What is CNA Financial's deferred policy acquisition costs?
CNA Financial (CNA) reported deferred policy acquisition costs of $1.01B in Q1 2026.
How has CNA Financial's deferred policy acquisition costs changed year-over-year?
CNA Financial's deferred policy acquisition costs increased by 0.9% year-over-year, from $999M to $1.01B.
What is the long-term trend for CNA Financial's deferred policy acquisition costs?
Over 5 years (2020 to 2025), CNA Financial's deferred policy acquisition costs has grown at a 6.8% compound annual growth rate (CAGR), from $708M to $986M.
What does deferred policy acquisition costs mean?
These are costs directly related to the acquisition of new or renewal insurance contracts, such as commissions and underwriting expenses, that are capitalized and amortized over the life of the policy. This accounting treatment aligns the recognition of expenses with the related premium revenue. It is a critical metric for evaluating the efficiency of a company's sales and distribution efforts.

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