CNA FINANCIAL CORPORATION (CNA) FY2026 Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-04-01 to 2026-06-30

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CNA FINANCIAL CORPORATION cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $321,000,000.00Insurance reserves → Operating adjustments reconciliation: $996,000,000.00Other, net → Operating adjustments reconciliation: $52,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $20,000,000.00Net investment losses → Operating adjustments reconciliation: $5,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $328,000,000.00Operating adjustments reconciliation → Receivables, net: $598,000,000.00Operating adjustments reconciliation → Equity method investees: $59,000,000.00Operating adjustments reconciliation → Net amortization of investments: $52,000,000.00Operating adjustments reconciliation → Deferred acquisition costs: $19,000,000.00Operating adjustments reconciliation → Deferred income tax expense: $15,000,000.00Operating adjustments reconciliation → Trading portfolio activity: $2,000,000.00Fixed maturity securities - sales → investing reconciliation: $1,209,000,000.00Fixed maturity securities - maturities, calls and redemptions → investing reconciliation: $820,000,000.00Equity securities → investing reconciliation: $176,000,000.00Limited partnerships → investing reconciliation: $68,000,000.00Mortgage loans → investing reconciliation: $18,000,000.00investing reconciliation → Fixed maturity securities: $2,495,000,000.00investing reconciliation → Change in short-term investments: $227,000,000.00investing reconciliation → Equity securities: $148,000,000.00investing reconciliation → Limited partnerships: $91,000,000.00investing reconciliation → Purchases of property and equipment: $20,000,000.00investing reconciliation → Change in other investments: $9,000,000.00Net cash used in financing activities → financing reconciliation: $131,000,000.00financing reconciliation → Dividends paid to common stockholders: $130,000,000.00financing reconciliation → Other, net: $1,000,000.00Net cash used in investing activities → investing reconciliation: $699,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $522,000,000.00Net cash from operating activities → Cash sources and uses: $649,000,000.00Cash sources and uses → Exchange-rate effect: $2,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $339,000,000.00Cash sources and uses → Net cash used in investing activities: $699,000,000.00Cash sources and uses → Net cash used in financing activities: $131,000,000.00Net income: $321,000,000.00Net income+$321.00 MTrading portfolio activity: -$2,000,000.00Trading assets, net−$2.00 MEquity method investees: -$59,000,000.00Equity-method income, net−$59.00 MNet amortization of investments: -$52,000,000.00Investment discount & premium−$52.00 MDepreciation and amortization: $20,000,000.00Depreciation & amortization+$20.00 MReceivables, net: -$598,000,000.00Other receivables−$598.00 MAccrued investment income: $0.00Deferred acquisition costs: -$19,000,000.00Deferred acquisition costs−$19.00 MInsurance reserves: $996,000,000.00Insurance liabilities+$996.00 MNet investment losses: $5,000,000.00Net investment losses+$5.00 MOther, net: $52,000,000.00Other operating, net+$52.00 MDeferred income tax expense: -$15,000,000.00Deferred income taxes−$15.00 MNet cash from operating activities: $649,000,000.00Operating cash+$649.00 MOperating adjustments reconciliation: $1,073,000,000.00Dividends paid to common stockholders: -$130,000,000.00Common dividends paid−$130.00 MOther, net: -$1,000,000.00Other financing, net−$1.00 MPurchase of treasury stock: $0.00Net cash used in financing activities: -$131,000,000.00. Cash required to fund net payments.Financing cash−$131.00 Mfinancing reconciliation: $131,000,000.00Equity securities: $176,000,000.00Equity securities sales+$176.00 MEquity securities: -$148,000,000.00Equity securities purchases−$148.00 MChange in short-term investments: -$227,000,000.00Change in short-term investments−$227.00 MFixed maturity securities - maturities, calls and redemptions: $820,000,000.00AFS securities maturities+$820.00 MChange in other investments: -$9,000,000.00Change in other investments−$9.00 MMortgage loans: $0.00Other, net: $0.00Mortgage loans: $18,000,000.00Mortgage note collections+$18.00 MFixed maturity securities: -$2,495,000,000.00AFS securities purchases−$2.50 BLimited partnerships: $68,000,000.00Limited partnership proceeds+$68.00 MPurchases of property and equipment: -$20,000,000.00PP&E purchases−$20.00 MLimited partnerships: -$91,000,000.00Limited partnership purchases−$91.00 MFixed maturity securities - sales: $1,209,000,000.00AFS securities sales+$1.21 BNet cash used in investing activities: -$699,000,000.00. Cash required to fund net payments.Investing cash−$699.00 Minvesting reconciliation: $2,990,000,000.00Cash sources and uses: $1,171,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $522,000,000.00Beginning cash$522.00 MEnding cash: Cash, cash equivalents, and restricted cash: $339,000,000.00Ending cash$339.00 MExchange-rate effect: -$2,000,000.00FX effect−$2.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$629.00 MOperating cash − cash spent on PP&ECash flow / Net income2.02×Operating cash flow ÷ net incomeNet cash change−$183.00 MEnding cash − beginning cash
Chart details

CNA FINANCIAL CORPORATION cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026

Cash flows for Apr 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 31, 2026. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Mar 31, 2026
522,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
649,000,000 US dollars. Net cash provided.
Net income
321,000,000 US dollars
Trading portfolio activity
negative 2,000,000 US dollars
Equity method investees
negative 59,000,000 US dollars
Net amortization of investments
negative 52,000,000 US dollars
Depreciation and amortization
20,000,000 US dollars
Receivables, net
negative 598,000,000 US dollars
Accrued investment income
0 US dollars
Deferred acquisition costs
negative 19,000,000 US dollars
Insurance reserves
996,000,000 US dollars
Net investment losses
5,000,000 US dollars
Other, net
52,000,000 US dollars
Deferred income tax expense
negative 15,000,000 US dollars
Investing activities
negative 699,000,000 US dollars. Net cash used.
Equity securities
176,000,000 US dollars
Equity securities
negative 148,000,000 US dollars
Change in short-term investments
negative 227,000,000 US dollars
Fixed maturity securities - maturities, calls and redemptions
820,000,000 US dollars
Change in other investments
negative 9,000,000 US dollars
Mortgage loans
0 US dollars
Other, net
0 US dollars
Mortgage loans
18,000,000 US dollars
Fixed maturity securities
negative 2,495,000,000 US dollars
Limited partnerships
68,000,000 US dollars
Purchases of property and equipment
negative 20,000,000 US dollars
Limited partnerships
negative 91,000,000 US dollars
Fixed maturity securities - sales
1,209,000,000 US dollars
Financing activities
negative 131,000,000 US dollars. Net cash used.
Dividends paid to common stockholders
negative 130,000,000 US dollars
Other, net
negative 1,000,000 US dollars
Purchase of treasury stock
0 US dollars
Operating adjustment reconciliation
1,073,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
131,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
2,990,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 2,000,000 US dollars
Ending cash on Jun 30, 2026
339,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
1,171,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 183,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
2.02×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
649,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
20,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
629,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $328.00M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 649,000,000 US dollars minus 20,000,000 US dollars equals 629,000,000 US dollars.
CNA FINANCIAL CORPORATION (CNA) FY2026 Q2 Statement of Cash Flows Sankey chart
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