Earnings Releases·Nov 2, 2026, 6:09 AM ET

CNA Financial — Third Quarter 2026 Earnings Summary

Net income declined to $196 million ($0.72 per share) from $403 million ($1.48 per share) in the prior year quarter, driven by higher catastrophe losses and unfavorable long-term care reserve updates in the Life & Group segment.
P&C core income fell $59 million year-over-year to $397 million as the combined ratio worsened to 97.0% (including 2.8 points of catastrophe impact) compared to 92.8% previously.
Management reaffirmed commitment to underwriting discipline and selective capacity deployment in Q4 2026 and 2027, exiting opportunities where pricing and terms do not support appropriate risk-adjusted returns.
Stockholders' equity decreased 12% to $10.2 billion from year-end 2025 due to higher net unrealized investment losses from rising interest rates and dividends paid; a quarterly dividend of $0.48 per share was declared.