Zacks Investment Research·Sep 2, 2026
Why Is CNA Financial (CNA) Down 8.1% Since Last Earnings Report?CNA Financial (CNA) reported earnings 30 days ago. What's next for the stock?
CNA Financial's investment thesis centers on its demonstrated underwriting discipline, evidenced by a combined ratio of 88.6% in Q2 2026, which has improved from 99.4% in Q4 2024. The company benefits from stable premium growth (5.3% YoY) and robust cash gener...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth has moderated to 5.3% in Q2 2026 from 8.4% in Q1 2024, while the combined ratio improved to 88.6% from 99.4% in Q4 2024, indicating strong underwriting profitability.
CNA Financial is trading at a P/E ratio of approximately 10.14x, significantly below the insurance industry average of 11.62x and the broader peer group average of 17.67x. An excess returns analysis indicates the stock is about 29.7% undervalued compared to its estimated intrinsic value of $68.25 per share.
CNA has shown impressive underwriting results, with its P&C combined ratio improving from 101.1% in Q1 2025 to 92.7% in Q3. The commercial segment achieved a record-low combined ratio of 90.5% in Q4 2025, while overall retention rose to 84%.
CNA Financial has increased its dividend for nine consecutive years, recently raising its quarterly dividend by 4% to $0.48 per share. The company also issued a special dividend of $2.00 per share in Q4 2025, resulting in a dividend yield of 3.99%.
Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 3, 2026 | $1.19+14.4% vs $1.04 | $3.8B+28.7% vs $3.0B |
Q2 2026 May 4, 2026 | $0.83-44.3% vs $1.49 | $2.6B-11.3% vs $2.9B |
Q1 2026 Feb 9, 2026 | $1.16-3.3% vs $1.20 | $3.8B+30.4% vs $2.9B |
Q4 2025 Nov 3, 2025 | $1.50+20.0% vs $1.25 | $3.7B+32.2% vs $2.8B |
CNA Financial (CNA) reported earnings 30 days ago. What's next for the stock?
CNA Financial's premium growth, strong investment income and disciplined underwriting support earnings, while casualty claims and softer pricing pose risks.
ZhongAn Online P and C Insurance (OTCMKTS:ZZHGF - Get Free Report) and CNA Financial (NYSE: CNA - Get Free Report) are both finance companies, but which is the better business? We will compare the two companies based on the strength of their institutional ownership, profitability, analyst recommendations, valuation, earnings, risk and dividends. Profitability This table compares
Berkshire Hathaway's Q2 operating earnings jump 16.3%, fueled by gains across BNSF, energy, manufacturing, service and retailing businesses.
Benchmark CNA against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for CNA Financial Corporation (CNA)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $47.11 | $12.75B | 10.04 | 5.1% | 8.69% | 11.55% | 8.16% | |
| $360.39 | $75.17B | 13.14 | 5.17% | 16.95% | 25.62% | — | |
| $126.59 | $34.7B | 9.50 | 7.1% | 15.03% | 22.99% | — | |
| $335.21 | $130.01B | 13.03 | 6.47% | 18.06% | 14.09% | — | |
| $67.67 | $25.19B | 15.21 | 7.82% | 12.64% | 19.47% | — | |
| $1741.87 | $21.58B | 10.29 | -0.96% | 13.17% | 12.13% | — |
CNA Financial Corporation (CNA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
CNA Financial Corporation (CNA) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 3, 2026·SEC
May 4, 2026·SEC
Apr 29, 2026·SEC
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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 $1.35B in net income for fiscal year 2025 (8.7% net margin).
Yes, CNA Financial Corporation (CNA) pays a dividend with a yield of 8.16%. 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.
