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CNA grows new business as casualty loss ratio rises and property eases
CNA said renewal premium change rose 2% overall while rate increases were flat, even as new business hit a record $718 million and the loss ratio moved up 2.6 points to 64.1%.
CNA Financial Corporation reported second-quarter 2026 net income of $321 million, or $1.18 per diluted share, up from $299 million a year earlier, with core income at $324 million, or $1.19 per diluted share. Insurance Business reports the results reflected stronger investment gains but softer underwriting performance, alongside shifts in pricing and appetite across major lines.
On rates, CNA said renewal premium change rose 2% overall, while it maintained continued rate increases in casualty linked to social inflation. At the same time, the company eased pricing in property, workers' compensation, and its International segment, with casualty and Specialty rate hikes offsetting those decreases.
CNA also posted record new business of $718 million, up 11%, while the underlying loss ratio rose 2.6 points to 64.1% across every segment. Retention held at 83%, and net written premiums increased 5% in both the Specialty and Commercial segments, suggesting CNA is taking selectivity into its growth strategy.
Douglas Worman, CNA's chairman and chief executive, said the company delivered strong second-quarter results supported by core income of $324 million and disciplined growth, tied to prudent loss ratio selections set earlier in the year, according to Insurance Business. The carrier's line-by-line pricing divergence implies firmer negotiations in casualty and potential flexibility in property and workers' compensation at the next renewal.