CNA Financial 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934For the quarterly period ended June30, 2026OR☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934For the transition period from _____ to _____Commission File Number 1-5823 CNA FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) (312) 822-5000(Registrant's telephone number, including area code) Not Applicable (Former name, former address and former fiscal year, if changed since last report)Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to suchfiling requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submitsuch files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oran emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and "emerging growthcompany" in Rule 12b-2 of the Exchange Act. Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐Smaller reportingcompany☐Emerging growthcompany☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐No☒ Item NumberPageNumberPART I1.Condensed Consolidated Financial Statements:3Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2026 and2025 (Unaudited)3Condensed Consolidated Statements of Comprehensive Incomefor the three and six months ended June 30,2026 and 2025 (Unaudited)4Condensed Consolidated Balance Sheets as of June 30, 2026 and December 31, 2025 (Unaudited)5Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2026 and 2025(Unaudited)6Condensed Consolidated Statements of Stockholders' Equity for the three and six months ended June 30,2026 and 2025 (Unaudited)7Notes to Condensed Consolidated Financial Statements (Unaudited)82.Management's Discussion and Analysis of Financial Condition and Results of Operations453.Quantitative and Qualitative Disclosures About Market Risk684.Controls and Procedures68PART II1Legal Proceedings696Exhibits69 PART I CNA Financial CorporationCondensed Consolidated Statements of Operations (Unaudited) CNA Financial CorporationNotes to Condensed Consolidated Financial Statements Note A. General Basis of Presentation The Condensed Consolidated Financial Statements include the accounts of CNA Financial Corporation (CNAF)and its subsidiaries.Collectively, CNAF and its subsidiaries are referred to as CNA or the Company. Loews Corporation (Loews) owned approximately92% of the outstanding common stock of CNAF as of June30, 2026. The accompanying Condensed Consolidated Financial Statements have been prepared in conformity with accounting principlesgenerally accepted in the United States of America (GAAP). Intercompany amounts have been eliminated. Certain financialinformation that is normally included in annual financial statements prepared in accordance with GAAP, including certain financialstatement notes, is not required for interim reporting purposes and has been condensed or omitted. These statements should be read inconjunction with the Consolidated Financial Statements and notes thereto included in CNAF's Annual Report on Form 10-K filed withthe Securities and Exchange Commission (SEC) for the year ended December31, 2025, including the summary of significantaccounting policies in Note A. The preparation of Condensed Consolidated Financial Statements in conformity with GAAP requiresmanagement to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure ofcontingent assets and liabilities at the date of the Condensed Consolidated Financial Statements and the reported amounts of revenuesand expenses during the reporting period. Actual results may differ from those estimates. The interim financial data as of June30, 2026 and for the three and six months ended June 30, 2026 and 2025 is unaudited. However,in the opinion of management, the interim data includes all adjustments, including