CNA FINANCIAL ANNOUNCES THIRD QUARTER 2026 NET INCOME OF $0.72 PER SHARE AND CORE INCOME OF $0.75 PER SHARE
CNA Financial reported Q3 2026 net income of $196 million ($0.72/share) and core income of $203 million ($0.75/share), roughly half the prior-year quarter's $1.48 and $1.50 per share. The decline was driven by a $137 million after-tax charge from annual long-term care reserve assumption updates and higher catastrophe losses, which pushed the P&C combined ratio to 97.0% from 92.8%. Management contends the LTC charge is almost entirely offset economically by recent fixed income duration-extension trades, whose benefits are recognized through future net investment income under GAAP rather than in current earnings.
Key figures
- Eps
- 0.72
- Guidance
- No quantitative guidance; management committed to deliberate portfolio management and selective capacity deployment into 2027
- Core eps
- 0.75
- Retention
- 83%
- Core roe q3
- 6.5%
- Bvps ex aoci
- 46.11
- Written rate
- +2%
- Cat losses pretax
- 78000000
- Net income q3 2025
- 403000000
- Net income q3 2026
- 196000000
- Quarterly dividend
- 0.48
- Core income q3 2025
- 409000000
- Core income q3 2026
- 203000000
- P and c core income
- 397000000
- Book value per share
- 37.8
- Net investment income
- 635000000
- P and c combined ratio
- 97.0%
- Renewal premium change
- +3%
- Net written premium growth
- 3%
- Ltc reserve charge after tax
- 137000000
- P and c underlying combined ratio
- 94.2%
AI analysis
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