Related Party Transactions

12 Months Ended

Dec. 31, 2025

Related Party Transactions [Abstract]

Related Party Transactions

Related Party Transactions

The Company reimburses Loews for, or pays directly, fees and expenses of investment facilities and services provided to the Company. Additionally, the Company provides investment-related processing services to Loews and charges Loews for these services. The net amounts incurred by the Company for these fees, expenses and services were $64 million, $60 million and $55 million for the years ended December 31, 2025, 2024 and 2023. Net amounts due to Loews related to these services, included in Other liabilities and payable in the first quarter of the subsequent year, were $33 million and $30 million as of December 31, 2025 and 2024. In addition, the Company reimbursed Loews for general corporate services and related travel expenses of $1 million for the years ended December 31, 2025 and 2024. The CNA Tax Group is included in the consolidated federal income tax return of Loews and its eligible subsidiaries. The related payables due to Loews, included in Other liabilities, were $20 million and $17 million for the years ended December 31, 2025 and 2024. For a detailed description of the income tax agreement with Loews see Note D to the Consolidated Financial Statements.

In 2024, the Company invested in a commercial mortgage-backed securitization whose underlying mortgage loan is an obligation of an affiliate of Loews that matures in September of 2034. The Company purchased $50 million of par at issuance across three separate investment grade tranches of the $305 million securitization. The Company's position in this commercial mortgage-backed securitization is included in the Fixed maturity securities at fair value line on the Consolidated Balance Sheets and was $51 million and $50 million as of December 31, 2025 and 2024. The Company recognized $3 million and $1 million of income in Net investment income related to this investment during the years ended December 31, 2025 and 2024.

The Company writes, at standard rates, a limited amount of insurance for Loews and its subsidiaries. The earned premiums for each of the years ended December 31, 2025, 2024 and 2023 were $3 million, $2 million, and $2 million.