CNA FINANCIAL CORP
For the period ended Dec 31, 2025. Filed Feb 10, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Life & Group
The Life & Group segment includes our run-off long-term care business as well as structured settlement obligations not funded by annuities related to certain property and casualty claimants. Long-term care policies were sold on both an individual and group basis.
The following table summarizes the results of operations for Life & Group.
| (In millions) | 2025 | 2024 |
|---|---|---|
| Net earned premiums | $423 | $437 |
| Claims, benefits and expenses | 1,415 | 1,429 |
| Net investment income | 914 | 940 |
| Core loss | (44) | (23) |
Core loss increased $21 million in 2025 as compared with 2024 primarily due to lower net investment income from limited partnerships. Both years are inclusive of assumption updates as a result of the annual reserve review completed in the third quarter of each year.
The cash flow assumption updates from the annual reserve review for 2025 and 2024 resulted in a pretax increase in long-term care reserves of $7 million and $15 million.
The annual structured settlement reserve review resulted in a pretax increase in claim reserves of $2 million for 2025 and a reduction in claim reserves of $9 million for 2024.
The following tables summarize policyholder reserves for Life & Group.
| (In millions) | Claim and claim adjustment expenses | Future policy benefits | Total |
|---|---|---|---|
| Long-term care | $— | $13,448 | $13,448 |
| Structured settlement and other | 535 | — | 535 |
| Total | 535 | 13,448 | 13,983 |
| Ceded reserves | 56 | — | 56 |
| Total gross reserves | $591 | $13,448 | $14,039 |
| (In millions) | Claim and claim adjustment expenses | Future policy benefits | Total |
|---|---|---|---|
| Long-term care | $— | $13,158 | $13,158 |
| Structured settlement and other | 541 | — | 541 |
| Total | 541 | 13,158 | 13,699 |
| Ceded reserves | 81 | — | 81 |
| Total gross reserves | $622 | $13,158 | $13,780 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.