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The deferred tax effects of the significant components of the Company's deferred tax assets and liabilities are presented in the following table. 

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As of December 31, 2018, the CNA Tax Group had no loss carryforwards or tax credit carryforwards. 

Although realization of deferred tax assets is not assured, management believes it is more likely than not that the recognized net deferred tax asset will be realized through recoupment of ordinary and capital taxes paid in prior carryback years and through future earnings, reversal of existing temporary differences and available tax planning strategies. As a result, no valuation allowance was recorded as of December 31, 2018 or 2017. 

