The company’s Property & Casualty division reported core income of $426 million, a decrease from the prior year’s $448 million, primarily driven by softer underlying underwriting results. This decline was partially mitigated by robust net investment income, which rose to $701 million. The segment’s combined ratio reached 96.5%, up from 94.1% in the second quarter of 2025, with catastrophe losses accounting for 2.3 points of that total.

CEO Douglas M. Worman emphasized the company’s focus on disciplined growth, noting that net written premiums grew by 4% while new business reached a record $718 million. Despite these gains, the firm continues to navigate headwinds in casualty lines due to social inflation. The Corporate & Other segment reported a loss of $92 million, which included a $77 million after-tax charge related to legacy mass tort development—an improvement over the $88 million charge incurred in the previous year. CNA has declared a quarterly cash dividend of $0.48 per share, payable September 3, 2026.