CNA Financial Corp (CNA)
NYSE:CNA
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Earnings Data
Report Date
Aug 03, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.01Last Year’s EPS
1.23Same Quarter Last Year
Moderate Sell
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call reflected a balanced but cautious tone: the company demonstrated disciplined underwriting, targeted growth pockets (notably middle market, international and select specialty lines), investment income strength, expense efficiency and a solid capital position. Offsetting these positives were meaningful underwriting challenges — combined ratios above 100% across P&C segments, $106 million of unfavorable prior-period reserve development, rising underlying loss ratios and modest core income decline. Management emphasized prudent reserve strengthening and selective growth, signaling a conservative posture to protect long-term value amid social inflation and competitive rate pressure.Company Guidance
Core Income and Profitability
Core income of $225 million in Q1 (down from $281 million prior year) produced a first quarter core ROE of 7.2% and a trailing twelve-month core ROE excluding AOCI of 10.6%.
Net Investment Income and Fixed Income Yield
Net investment income of $610 million, up 1% year-over-year; consolidated fixed income effective yield of 4.9% (up from 4.8%) with fixed income and other investments income up 3% to $568 million. Management expects fixed income and other investment income of about $575 million in Q2 and ~$2,300 million for full year (a ~2% increase vs 2025).
Disciplined Underwriting and Targeted Growth
Net written premium growth aggregated 1% and new business of $581 million was up 3%. Company emphasized disciplined underwriting: growing substantially in select pockets (e.g., middle market) while scaling back where returns are inadequate.
Pockets of Strong Segment Growth
Commercial middle market net written premiums grew 13% with new business up 17%; workers' compensation NWP in middle market up 22%. International net written premium grew 16% (7% ex-currency). Specialty new business up 13% and Specialty growth excluding surety up 2%.
Expense Ratio Improvement and Efficiency
P&C expense ratio improved to 29.9%, down 0.3 points year-over-year. Commercial expense ratio improved nearly 1 point to 26.7% (below 27% for the third consecutive quarter). Management expects an expense ratio around 30% run-rate for full year 2026.
Strong Capital and Liquidity Position
Stockholders' equity excluding AOCI of $12.2 billion ($45.12/share), including AOCI $10.9 billion ($40.13/share); statutory capital and surplus of $11.1 billion in combined Continental Casualty Companies; operating cash flow of $393 million supported by investments and premium collections.
Active Return of Capital
Declared regular quarterly dividend of $0.48 per share payable June 4, 2026.
Investment in Technology and AI
Continued investment in technology and AI with over 100 separate AI initiatives across intake, claims summarization, risk control analytics and other underwriting/operations use cases, supporting operating efficiency and actionable insights.
Catastrophe Impact In Line With Long-Term Average
Quarter catastrophe impacts of $97 million (3.6 points on P&C combined ratio), consistent with the company’s five-year average; Commercial catastrophe impacts were $93 million (6.4 points).
CNA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CNA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 04, 2026 | $47.51 | $43.73 | -7.95% |
Feb 09, 2026 | $46.84 | $46.18 | -1.40% |
Nov 03, 2025 | $41.46 | $40.99 | -1.12% |
Aug 04, 2025 | $40.45 | $42.08 | +4.03% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does CNA Financial Corp (CNA) report earnings?
CNA Financial Corp (CNA) is schdueled to report earning on Aug 03, 2026, Before Open (Confirmed).
What is CNA Financial Corp (CNA) earnings time?
CNA Financial Corp (CNA) earnings time is at Aug 03, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CNA EPS forecast?
CNA EPS forecast for the fiscal quarter 2026 (Q2) is 1.01.