CNA says Q2 2026 core income slips to $324 million as higher loss ratio offsets investment income gain
CNA•Q2 core income and underwriting results
CNA posted Q2 2026 core income of $324 million, helped by net investment income of $701 million, up 6%.
Property & Casualty all-in combined ratio was 96.5%, including $60 million of catastrophe losses; underlying combined ratio was 94.2%.
Premium growth, charges and management commentary
Corporate results absorbed a $77 million after-tax charge tied to unfavorable development in legacy mass tort abuse claims, citing social inflation.
Net written premium rose 4% with new business up 11% to $718 million; management cited selective pullbacks in undisciplined property markets.
Expense ratio was 29.7%; management kept loss picks conservative, kept long-run trend assumptions unchanged, and continued investment in AI and technology.
