8-K Announcements
6May 4, 2026·SEC
Apr 29, 2026·SEC
Feb 9, 2026·SEC
CNA Financial Corporation (CNA) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
CNA Financial Corporation (CNA) stock price & volume — 10-year historical chart
CNA Financial Corporation (CNA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
CNA Financial Corporation (CNA) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 4, 2026 | $0.83vs $1.30-36.2% | $2.6Bvs $2.9B-11.3% |
| Q1 2026 | Feb 9, 2026 | $1.16vs $1.20-3.3% | $3.8Bvs $2.9B+30.4% |
| Q4 2025 | Nov 3, 2025 | $1.50vs $1.25+20.0% | $3.7Bvs $2.8B+32.2% |
| Q3 2025 | Aug 4, 2025 | $1.23vs $0.94+30.9% | $3.7Bvs $2.8B+34.7% |
CNA Financial Corporation (CNA) competitors in Commercial lines and surety insurers — business model, growth, and fundamentals comparison
CNA Financial Corporation (CNA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CNA Financial Corporation (CNA) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 9.54B | 10.13B | 10.77B | 10.69B | 11.55B | 11.89B | 13.13B | 14B | 14.71B |
| Revenue Growth % | 1.88% | 6.2% | 6.25% | -0.74% | 8.04% | 2.99% | 10.38% | 6.66% | 5.1% |
| Medical Costs & Claims | 6.54B | 6.91B | 7.19B | 7.58B | 7.81B | 8.14B | 8.71B | 9.54B | 10.19B |
| Medical Cost Ratio % | 68.57% | 68.16% | 66.77% | 70.93% | 67.68% | 68.48% | 66.38% | 68.12% | 69.27% |
| Gross Profit | 3B▲ 0% | 3.23B▲ 7.6% | 3.58B▲ 10.9% | 3.11B▼ 13.2% | 3.73B▲ 20.1% | 3.75B▲ 0.4% | 4.41B▲ 17.7% | 4.46B▲ 1.1% | 4.52B▲ 1.3% |
| Gross Margin % | 31.43% | 31.84% | 33.23% | 29.07% | 32.32% | 31.52% | 33.62% | 31.88% | 30.73% |
| Gross Profit Growth % | 5.3% | 7.6% | 10.88% | -13.16% | 20.12% | 0.43% | 17.74% | 1.13% | 1.3% |
| Operating Expenses | 1.69B | 2.26B | 2.35B | 2.29B | 2.27B | 2.93B | 2.9B | 3.25B | 2.9B |
| OpEx / Revenue % | 17.7% | 22.33% | 21.87% | 21.39% | 19.66% | 24.67% | 22.06% | 23.23% | 19.72% |
| Depreciation & Amortization | 88M | 79M | 68M | 60M | 54M | 51M | 73M | 67M | 70M |
| Combined Ratio % | 86.27% | 90.49% | 88.64% | 92.32% | 87.34% | 93.15% | 88.43% | 91.35% | 88.99% |
| Operating Income | 1.31B▲ 0% | 964M▼ 26.4% | 1.22B▲ 26.9% | 821M▼ 32.9% | 1.46B▲ 78.1% | 814M▼ 44.3% | 1.52B▲ 86.5% | 1.21B▼ 20.2% | 1.62B▲ 33.8% |
| Operating Margin % | 13.73% | 9.51% | 11.36% | 7.68% | 12.66% | 6.85% | 11.57% | 8.65% | 11.01% |
| Operating Income Growth % | 15.22% | -26.41% | 26.87% | -32.87% | 78.08% | -44.32% | 86.49% | -20.22% | 33.77% |
| EBITDA | 1.4B | 1.04B | 1.29B | 881M | 1.52B | 865M | 1.59B | 1.28B | 1.69B |
| EBITDA Margin % | 14.65% | 10.29% | 11.99% | 8.24% | 13.13% | 7.27% | 12.12% | 9.13% | 11.49% |
| Interest Expense | 161M | 138M | 131M | 122M | 113M | 112M | 127M | 133M | 135M |
| Non-Operating Income | -161M | -138M | -131M | -122M | -113M | -112M | -127M | -133M | -135M |
| Pretax Income | 1.31B▲ 0% | 964M▼ 26.4% | 1.22B▲ 26.9% | 821M▼ 32.9% | 1.46B▲ 78.1% | 814M▼ 44.3% | 1.52B▲ 86.5% | 1.21B▼ 20.2% | 1.62B▲ 33.8% |
| Pretax Margin % | 13.73% | 9.51% | 11.36% | 7.68% | 12.66% | 6.85% | 11.57% | 8.65% | 11.01% |
| Income Tax | 411M | 151M | 223M | 131M | 278M | 132M | 313M | 252M | 342M |
| Effective Tax Rate % | 31.37% | 15.66% | 18.23% | 15.96% | 19.02% | 16.22% | 20.62% | 20.81% | 21.11% |
| Net Income | 899M▲ 0% | 813M▼ 9.6% | 1B▲ 23.0% | 690M▼ 31.0% | 1.18B▲ 71.6% | 682M▼ 42.4% | 1.21B▲ 76.7% | 959M▼ 20.4% | 1.28B▲ 33.3% |
| Net Margin % | 9.42% | 8.02% | 9.29% | 6.46% | 10.25% | 5.74% | 9.18% | 6.85% | 8.69% |
| Net Income Growth % | 4.66% | -9.57% | 23% | -31% | 71.59% | -42.4% | 76.69% | -20.41% | 33.26% |
| EPS (Diluted) | 3.30▲ 0% | 2.98▼ 9.7% | 2.53▼ 15.1% | 2.53▲ 0.0% | 4.41▲ 74.3% | 2.50▼ 43.3% | 4.43▲ 77.2% | 3.52▼ 20.5% | 4.69▲ 33.2% |
| EPS Growth % | 4.1% | -9.7% | -15.1% | 0% | 74.31% | -43.31% | 77.2% | -20.54% | 33.24% |
| EPS (Basic) | 3.32 | 2.99 | 2.54 | 2.54 | 4.42 | 2.51 | 4.44 | 3.53 | 4.71 |
| Diluted Shares Outstanding | 272.1M | 272.5M | 272.4M | 272.8M | 272.8M | 272.5M | 272.2M | 272.7M | 272.3M |
CNA Financial Corporation (CNA) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 52.73B | 52.92B | 56.87B | 60.19B | 61.69B | 55.79B | 59.56B | 60.81B | 63.51B |
| Asset Growth % | 2.6% | 0.36% | 7.46% | 5.85% | 2.48% | -9.55% | 6.75% | 2.1% | 4.43% |
| Total Investment Assets | 46.87B | 44.49B | 47.74B | 50.29B | 50.33B | 43.18B | 46.56B | 47.48B | 50.45B |
| Long-Term Investments | 46.87B | 44.49B | 47.74B | 50.29B | 50.33B | 43.18B | 46.56B | 47.48B | 50.45B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 2.65B | 2.63B | 2.69B | 3.03B | 3.48B | 3.63B | 3.79B | 4.14B | 4.16B |
| Cash & Equivalents | 355M | 310M | 242M | 419M | 536M | 475M | 345M | 472M | 425M |
| Receivables | 2.29B | 2.32B | 2.45B | 2.61B | 2.94B | 3.16B | 3.44B | 3.67B | 3.74B |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 148M | 146M | 147M | 217M | 215M | 144M | 224M | 222M | 148M |
| Goodwill | 148M | 146M | 147M | 148M | 148M | 144M | 146M | 145M | 148M |
| Intangible Assets | 0 | 0 | 0 | 69M | 67M | 0 | 78M | 77M | 0 |
| PP&E (Net) | 326M | 324M | 502M | 451M | 401M | 381M | 393M | 453M | 430M |
| Other Assets | 2.18B | 4.75B | 5.15B | 5.52B | 6.61B | 7B | 7.32B | 7.29B | 7.3B |
| Total Liabilities | 40.48B | 41.7B | 44.65B | 47.49B | 48.88B | 47.25B | 49.67B | 50.3B | 51.89B |
| Total Debt | 2.86B | 2.68B | 3.05B | 3.11B | 3.03B | 3B | 3.25B | 3.21B | 3.19B |
| Net Debt | 2.5B | 2.37B | 2.81B | 2.69B | 2.49B | 2.53B | 2.9B | 2.74B | 2.76B |
| Long-Term Debt | 2.71B | 2.68B | 2.68B | 2.78B | 2.78B | 2.54B | 2.48B | 2.97B | 2.97B |
| Short-Term Debt | 150M | 0 | 38M | 44M | 42M | 243M | 586M | 43M | 34M |
| Total Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 4.03B | 4.18B | 4.58B | 5.12B | 5.76B | 6.37B | 6.93B | 7.35B | 7.63B |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Liabilities | 37.35B | 35.43B | 37.43B | 39.77B | 40.88B | 39.56B | 42.05B | 42.23B | 44.15B |
| Total Equity | 12.24B▲ 0% | 11.22B▼ 8.4% | 12.21B▲ 8.9% | 12.71B▲ 4.0% | 12.81B▲ 0.8% | 8.55B▼ 33.3% | 9.89B▲ 15.7% | 10.51B▲ 6.3% | 11.62B▲ 10.5% |
| Equity Growth % | 2.3% | -8.39% | 8.9% | 4.03% | 0.8% | -33.27% | 15.73% | 6.27% | 10.54% |
| Shareholders Equity | 12.24B | 11.22B | 12.21B | 12.71B | 12.81B | 8.55B | 9.89B | 10.51B | 11.62B |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 9.41B | 9.28B | 9.35B | 9.08B | 9.66B | 9.34B | 9.76B | 9.69B | 9.91B |
| Common Stock | 683M | 683M | 683M | 683M | 683M | 683M | 683M | 683M | 683M |
| Accumulated OCI | 32M | -878M | 51M | 803M | 320M | -3.6B | -2.67B | -1.99B | -1.1B |
| Return on Equity (ROE) | 7.43% | 6.93% | 8.54% | 5.54% | 9.28% | 6.39% | 13.07% | 9.4% | 11.55% |
| Return on Assets (ROA) | 1.73% | 1.54% | 1.82% | 1.18% | 1.94% | 1.16% | 2.09% | 1.59% | 2.06% |
| Equity / Assets | 23.22% | 21.2% | 21.48% | 21.11% | 20.76% | 15.32% | 16.61% | 17.29% | 18.3% |
| Debt / Equity | 0.23x | 0.24x | 0.25x | 0.24x | 0.24x | 0.35x | 0.33x | 0.31x | 0.27x |
| Book Value per Share | 45.00 | 41.16 | 44.84 | 46.58 | 46.95 | 31.37 | 36.34 | 38.55 | 42.68 |
| Tangible BV per Share | 44.45 | 40.63 | 44.30 | 45.78 | 46.17 | 30.84 | 35.52 | 37.74 | 42.13 |
CNA Financial Corporation (CNA) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 1.25B | 1.23B | 1.77B | 1.77B | 2B | 2.5B | 2.29B | 2.57B | 2.49B |
| Operating CF Growth % | -11.44% | -2.15% | 44.66% | 0% | 12.51% | 25.29% | -8.67% | 12.52% | -3.15% |
| Operating CF / Revenue % | 13.14% | 12.11% | 16.49% | 16.61% | 17.3% | 21.04% | 17.41% | 18.37% | 16.92% |
| Net Income | 899M | 813M | 690M | 690M | 1.18B | 682M | 1.21B | 959M | 1.28B |
| Depreciation & Amortization | 88M | 79M | 60M | 60M | 54M | 51M | 73M | 67M | 70M |
| Stock-Based Compensation | 36M | 32M | 34M | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 168M | -20M | -49M | -49M | 43M | -89M | 2M | -45M | 75M |
| Other Non-Cash Items | -2M | -3M | -205M | -171M | -384M | 134M | -291M | 200M | -237M |
| Working Capital Changes | 101M | -24M | 1.25B | 1.25B | 1.1B | 1.72B | 1.3B | 1.39B | 1.3B |
| Cash from Investing | -424M | -177M | -705M | -705M | -1.23B | -1.51B | -1.84B | -1.32B | -1.45B |
| Capital Expenditures | -102M | -99M | -23M | -23M | -26M | -52M | -90M | -95M | -86M |
| Acquisitions | 21M | -76M | 149M | 149M | -194M | -199M | -238M | -238M | -257M |
| Purchase of Investments | -9.24B | -11.05B | -10.77B | -10.77B | -9.7B | -10.12B | -7.18B | -6.86B | -7.85B |
| Sale/Maturity of Investments | 9.13B | 11.04B | 10.02B | 10.02B | 8.6B | 8.94B | 5.68B | 5.86B | 6.81B |
| Other Investing | -228M | 18M | -82M | -82M | 96M | -85M | -10M | 16M | -60M |
| Cash from Financing | -755M | -1.08B | -902M | -902M | -648M | -1.03B | -577M | -1.12B | -1.1B |
| Dividends Paid | -842M | -896M | -929M | -950M | -621M | -982M | -787M | -1.02B | -1.05B |
| Share Repurchases | 0 | 0 | -23M | -18M | -18M | -39M | -24M | -20M | -34M |
| Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt Issuance (Net) | 1000K | -1000K | -1000K | 1000K | 0 | 0 | 1000K | -1000K | -1000K |
| Other Financing | -18M | -9M | 74M | -10M | -9M | -11M | -14M | -12M | -18M |
| Net Change in Cash | 84M▲ 0% | -45M▼ 153.6% | 177M▲ 493.3% | 177M▲ 0.0% | 117M▼ 33.9% | -61M▼ 152.1% | -130M▼ 113.1% | 127M▲ 197.7% | -47M▼ 137.0% |
| Exchange Rate Effect | 9M | -10M | 9M | 9M | -4M | -19M | 5M | -10M | 16M |
| Cash at Beginning | 271M | 355M | 242M | 242M | 419M | 536M | 475M | 345M | 472M |
| Cash at End | 355M | 310M | 419M | 419M | 536M | 475M | 345M | 472M | 425M |
| Free Cash Flow | 1.15B▲ 0% | 1.13B▼ 2.1% | 1.75B▲ 55.3% | 1.75B▲ 0.0% | 1.97B▲ 12.5% | 2.45B▲ 24.3% | 2.19B▼ 10.4% | 2.48B▲ 12.8% | 2.4B▼ 2.9% |
| FCF Growth % | -9.29% | -2.08% | 55.32% | 0% | 12.5% | 24.3% | -10.41% | 12.8% | -2.91% |
| FCF Margin % | 12.07% | 11.13% | 16.27% | 16.39% | 17.07% | 20.6% | 16.72% | 17.69% | 16.34% |
| FCF per Share | 4.23 | 4.14 | 6.43 | 6.42 | 7.23 | 8.99 | 8.06 | 9.08 | 8.83 |
CNA Financial Corporation (CNA) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Combined Ratio | 87.86% | 86.27% | 90.49% | 88.64% | 92.32% | 87.34% | 93.15% | 88.43% | 91.35% | 88.99% |
| Medical Cost Ratio | 69.59% | 68.57% | 68.16% | 66.77% | 70.93% | 67.68% | 68.48% | 66.38% | 68.12% | 69.27% |
| Return on Equity (ROE) | 7.24% | 7.43% | 6.93% | 8.54% | 5.54% | 9.28% | 6.39% | 13.07% | 9.4% | 11.55% |
| Return on Assets (ROA) | 1.68% | 1.73% | 1.54% | 1.82% | 1.18% | 1.94% | 1.16% | 2.09% | 1.59% | 2.06% |
| Equity / Assets | 23.29% | 23.22% | 21.2% | 21.48% | 21.11% | 20.76% | 15.32% | 16.61% | 17.29% | 18.3% |
| Book Value / Share | 44.15 | 45 | 41.16 | 44.84 | 46.58 | 46.95 | 31.37 | 36.34 | 38.55 | 42.68 |
| Debt / Equity | 0.23x | 0.23x | 0.24x | 0.25x | 0.24x | 0.24x | 0.35x | 0.33x | 0.31x | 0.27x |
| Revenue Growth | 2.91% | 1.88% | 6.2% | 6.25% | -0.74% | 8.04% | 2.99% | 10.38% | 6.66% | 5.1% |
CNA Financial Corporation (CNA) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 4, 2026·SEC
Apr 29, 2026·SEC
Feb 9, 2026·SEC
CNA Financial Corporation (CNA) stock FAQ — growth, dividends, profitability & financials explained
CNA Financial Corporation (CNA) grew revenue by 5.1% over the past year. This is steady growth.
Yes, CNA Financial Corporation (CNA) is profitable, generating $1.28B in net income for fiscal year 2025 (8.7% net margin).
Yes, CNA Financial Corporation (CNA) pays a dividend with a yield of 8.63%. This makes it attractive for income-focused investors.
CNA Financial Corporation (CNA) has a return on equity (ROE) of 11.5%. This is reasonable for most industries.
CNA Financial Corporation (CNA) has a combined ratio of 89.0%. A ratio below 100% indicates underwriting profitability.
CNA Financial Corporation (CNA) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates