CNA — what changed in the latest 10-Q
A section-by-section comparison of CNA's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-03 vs the prior 10-Q · 2026-05-04
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +36 | −9 | ~42 | 65 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 0 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 1 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Risk factors, Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-03
Six months ended June 30, 2026SpecialtyCommercialInternationalProperty & Casualty
Other revenue (expense), including interest expense(26)(5)(2)(33)
Six months ended June 30, 2025SpecialtyCommercialInternationalProperty & Casualty
Other revenue (expense), including interest expense(25)(7)11 (21)
Various events can cause catastrophe losses. These events can be natural or man-made, including hurricanes, tornadoes, windstorms, earthquakes, hail, severe winter weather, droughts, fires, floods, riots, strikes, civil unrest, cyber-attacks, pandemics and acts of terrorism that produce unusually la…
Text removed vs the prior filing · source: 10-Q · 2026-05-04
Core income for the three months ended March 31, 2026 was consistent with the same period in 2025.
The combined ratio of 95.9% increased 0.5 points for the three months ended March 31, 2026 as compared with the same period in 2025 due to a 1.6 point increase in the expense ratio, partially offset by a 1.1 point improvement in the loss ratio. The increase in the expense ratio was primarily driven …
Core results decreased $15 million for the three months ended March 31, 2026 as compared with the same period in 2025. Results for the current period reflect unfavorable morbidity partially offset by favorable persistency. Results for the prior year period reflected favorable persistency.
Core loss improved $22 million for the three months ended March 31, 2026 as compared with the same period in 2025. The improvement was primarily due to no net prior year loss reserve development in the current year as compared with a $17 million after-tax charge in the prior year period related to u…
Effective income yield for the fixed income securities portfolio4.9 %4.8 %
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice