L · 10-Q · 2026Q3 · Full report

Insurance Pricing and Demand

LOEWS CORP · 2026-11-02 · Importance 27 · Surprise 24

CNA’s Property & Casualty Operations reported higher net written premiums in Specialty and Commercial, driven by rate and new business, while International growth reflected higher retention partly offset by lower rates. For the nine months ended September 30, 2026, net written premiums rose $70 million in Specialty, $85 million in Commercial and $50 million in International year over year; excluding foreign exchange, International premiums increased $26 million. International renewal rates were down 5% for the nine-month period, while renewal premium change was down 2%; Specialty’s increase was driven by new business and rate despite lower retention. Commercial’s underlying loss ratio was higher in excess casualty and workers’ compensation, while CNA attributed higher underlying loss ratios across various lines in Specialty and International.

Key facts

CNA's Specialty net written premiums increased $33 million in the third quarter of 2026 versus 2025, driven by rate and higher new business. source
CNA's Commercial net written premiums increased $23 million in the third quarter of 2026 versus 2025, driven by rate and higher new business. source
CNA's International net written premiums increased $14 million in the third quarter of 2026; excluding foreign exchange, they increased $18 million, driven by higher retention partly offset by lower rate. source
CNA's Specialty net written premiums increased $70 million in the first nine months of 2026 versus 2025, driven by higher new business and rate, partly offset by lower retention. source
CNA's Commercial net written premiums increased $85 million in the first nine months of 2026 versus 2025, driven by rate and higher new business. source
CNA's International net written premiums increased $50 million in the first nine months of 2026; excluding foreign exchange, they increased $26 million, driven by higher retention partly offset by lower rate. source