CNA Financial Corp reported second-quarter 2026 results with revenue of $3.829B, net income of $321M and diluted EPS of $1.18, each rising versus the year-ago quarter as underwriting performance was weighed by elevated prior‑year reserve development and catastrophe impacts.
Financial Highlights
- Revenue was $3.829B, compared with $3.717B in the prior-year quarter; YoY change 3%.
- Net income was $321M, compared with $299M in the prior-year quarter; YoY change 7.4%.
- Diluted EPS was $1.18, compared with $1.1 in the prior-year quarter; YoY change 7.3%.
Business Highlights
- Net earned premiums for the six months rose modestly to $5.46B, supported by higher written premium across Specialty and Commercial lines.
- Rate increases and new business growth, particularly in Commercial, and strong Specialty retention helped drive premium growth.
- Continued investment in talent and technology supported expansion of new business across Specialty, Commercial and International segments.
- Renewed a $300M per‑occurrence property catastrophe treaty (June–June) and maintained reinsurance programs to manage catastrophe exposure.
- Underwriting was pressured by unfavorable prior‑year reserve development and catastrophe impacts, partially offset by higher investment income.
Original SEC Filing:
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