CNA Financial Reports Q3 2026 Results with Core EPS of $0.75 and Regular Dividend of $0.48

Executive Summary

On November 2, 2026, CNA Financial Corporation (NYSE: CNA) filed an 8-K under Item 2.02 detailing its financial results for the third quarter ended September 30, 2026.

Key Financial Highlights

• Net Income: $196 million ($0.72 per diluted share), compared to $403 million ($1.48 per diluted share) in Q3 2025.
• Core Income: $203 million ($0.75 per diluted share), down from $409 million ($1.50 per diluted share) in Q3 2025.
• Property & Casualty (P&C) Operations:
  • Core income reached $397 million, compared to $456 million in Q3 2025.
  • Net written premiums grew 3% year-over-year to $2,507 million, supported by +3% renewal premium change and +2% written rate.
  • Combined ratio expanded to 97.0% (vs. 92.8% in Q3 2025), impacted by 2.8 points of catastrophe losses ($78 million pretax vs. $41 million in Q3 2025).
  • Underlying combined ratio was 94.2% (vs. 91.3% in Q3 2025), with an underlying loss ratio of 64.1% and expense ratio of 29.7%.
• Life & Group Segment:
  • Core loss was $(171) million compared to $(22) million in the prior year quarter, driven by a $(137) million after-tax impact from annual long-term care (LTC) reserve assumption updates. Management noted this was economically offset by recent investment duration extension trades.
• Net Investment Income: $635 million overall, including $587 million from fixed income and $48 million from limited partnerships and common stock.
• Book Value: Book value per share stood at $37.80 ($46.11 excluding AOCI).

Capital Returns

• CNA's Board of Directors declared a regular quarterly cash dividend of $0.48 per share, payable on December 3, 2026, to stockholders of record as of November 16, 2026.