CHICAGO, 03 August 2026 - CNA FINANCIAL announces second quarter 2026 net income of $1.18 per share and core income of $1.19 per share.
- Net income of $321 million versus $299 million in the prior year quarter; core income of $324 million versus $335 million in the prior year quarter.
- P&C core income of $426 million versus $448 million, reflects lower underlying underwriting results partially offset by higher net investment income.
- Life & Group core loss of $10 million versus core income of $1 million in the prior year quarter.
- Corporate & Other core loss of $92 million versus $114 million in the prior year quarter. The current quarter includes a $77 million after-tax charge related to unfavorable prior period development associated with legacy mass tort compared with an $88 million after-tax charge in the prior year quarter.
- Net investment income of $701 million, reflects a $31 million increase from limited partnerships and common stock to $131 million and an $8 million increase from fixed income securities and other investments to $570 million.
- P&C combined ratio of 96.5%, compared with 94.1% in the prior year quarter, including 2.3 points of catastrophe loss impact compared with 2.4 points in the prior year quarter. There was no net prior period development impact in the current or prior year quarters.
- Catastrophe losses of $60 million pretax versus $62 million in the prior year quarter.
- P&C underlying combined ratio was 94.2%, compared with 91.7% in the prior year quarter. P&C underlying loss ratio was 64.1%, consistent with the first quarter of 2026, and the expense ratio was 29.7%.
- P&C segments generated net written premium growth of 4% in the quarter. P&C renewal premium change of +2%.
- Book value per share of $41.34; book value per share excluding AOCI of $45.83, a 4% increase from year-end 2025 adjusting for $2.96 of dividends per share paid.
- Board of Directors declares regular quarterly cash dividend of $0.48 per share.
CHICAGO, Aug. 3, 2026 /PRNewswire/ -- CNA Financial Corporation (NYSE: CNA) today announced second quarter 2026 net income of $321 million, or $1.18 per share, versus $299 million, or $1.10 per share, in the prior year quarter. Net investment losses for the quarter were $3 million compared to $36 million in the prior year quarter. Core income for the quarter was $324 million, or $1.19 per share, versus $335 million, or $1.23 per share, in the prior year quarter.
Our Property & Casualty segments delivered core income of $426 million for the second quarter of 2026, a decrease of $22 million compared to the prior year quarter reflecting lower underlying underwriting results partially offset by higher net investment income. P&C segments generated net written premium growth of 4%, due to new business growth of 11% and renewal premium change of +2%.
Our Life & Group segment produced a core loss of $10 million for the second quarter of 2026 versus core income of $1 million in the prior year quarter.
Our Corporate & Other segment reported a core loss of $92 million for the second quarter of 2026 versus $114 million in the prior year quarter. The current quarter includes a $77 million after-tax charge related to unfavorable prior period development associated with legacy mass tort compared with an $88 million after-tax charge in the second quarter of 2025.
CNA Financial declared a quarterly cash dividend of $0.48 per share, payable September 3, 2026 to stockholders of record on August 17, 2026.
About the Company
CNA is one of the largest U.S. commercial property and casualty insurance companies. Backed by more than 125 years of experience, CNA provides a broad range of standard and specialized insurance products and services for businesses and professionals in the U.S., Canada and Europe. For more information, please visit CNA at www.cna.com.
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