CNA Financial reports Q1 net income of $211M, down from $274M, citing underwriting challenges and cautious outlook.

CNA Financial posted a Q1 2026 net income of $211 million, down from $274 million in the prior year, due to lower underwriting results and unfavorable prior period development in its Property & Casualty segments. Despite a 1% growth in net written premiums and a 3% increase in renewal premiums, the combined ratio rose to 102.2%, reflecting catastrophe impacts and reserve strengthening. The company declared a quarterly dividend of $0.48 per share and emphasized continued focus on underwriting discipline and portfolio optimization amid industry pressures. Looking ahead, CNA plans to maintain prudent underwriting strategies to support profitable growth and balance sheet strength.