CNA FINANCIAL CORP CNA

Financials SIC 6331 - Fire, Marine & Casualty Insurance NAICS Finance and Insurance › Insurance Carriers and Related Activities › Insurance Carriers › Direct Insurance (except Life, Health, and Medical) Carriers › Direct Property and Casualty Insurance Carriers derived NYSE

CNA Financial Corporation (CNAF) was incorporated in 1967 and is an insurance holding company. References to "CNA," "the Company," "we," "our," "us" or like terms refer to the business of CNAF and its subsidiaries. CNA's property and casualty and remaining life and group insurance operations are primarily conducted by Continental Casualty Company (CCC), The Continental Insurance Company, Western Surety Company, CNA Insurance Company Limited, Hardy Underwriting Bermuda Limited and its subsidiaries (Hardy), and CNA Insurance Company (Europe) S.A. Loews Corporation (Loews) owned approximately 92% of our outstanding common stock as of December 31, 2025.

Our insurance products primarily include commercial property and casualty coverages, including surety. Our services include warranty, risk management information services and claims administration. Our products and services are primarily marketed through independent agents, retail and wholesale brokers and managing general underwriters to a wide variety of customers, including small, medium and large businesses, insurance companies, associations, professionals and other groups. The property and casualty insurance industry is highly competitive, both as it relates to rate and service. We compete with a large number of stock and mutual insurance companies, as well as other entities, for both distributors and customers.

Last close 48.40 2026-10-23
Market cap $13.10B 2026-06-30 share count
52-week range 41.53 - 55.71

Valuation FY2025 figures against the last close

P/S8.3x
P/E10.3x
P/FCF5.4x
EV/EBITDA—
Dividend yield8.0%
Diluted EPS4.69

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.58B$1.61B$1.62B$1.57B$1.43B$1.25B$1.16B$1.01B$390.0M$361.0M
Interest expense $135.0M$133.0M$127.0M$112.0M$113.0M$122.0M$131.0M$138.0M$161.0M$159.0M
Pre-tax income $1.62B$1.21B$1.52B$814.0M$1.46B$821.0M$1.22B$964.0M$1.31B$1.14B
Income tax $342.0M$252.0M$313.0M$132.0M$278.0M$131.0M$223.0M$151.0M$411.0M$278.0M
Net income $1.28B$959.0M$1.21B$682.0M$1.18B$690.0M$1.00B$813.0M$899.0M$859.0M
EPS, basic 4.713.534.442.514.362.543.682.993.323.18
EPS, diluted 4.693.524.432.514.342.533.672.983.303.17
Shares, diluted (wtd. avg.) 272.4M272.7M272.2M272.5M272.8M272.4M272.5M272.5M272.1M271.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $425.0M$472.0M$345.0M$475.0M$536.0M$419.0M$242.0M$310.0M$355.0M$271.0M
Short-term investments ——————$1.86B$1.29B$1.44B$1.41B
Property, plant and equipment $282.0M$295.0M$253.0M$226.0M$226.0M$252.0M$282.0M$324.0M$326.0M$310.0M
Goodwill $148.0M$145.0M$146.0M$144.0M$148.0M$148.0M$147.0M$146.0M$148.0M$145.0M
Total assets $69.44B$66.49B$64.71B$61.00B$66.64B$64.03B$60.61B$57.15B$56.57B$55.23B
Short-term debt —$0$550.0M$243.0M$0——$0$150.0M$0
Long-term debt $2.97B$2.97B$2.48B$2.54B$2.78B$2.78B$2.68B$2.68B$2.71B$2.71B
Total liabilities $57.82B$55.98B$54.82B$52.45B$53.83B$51.32B$48.40B$45.94B$44.32B$43.26B
Retained earnings $9.91B$9.69B$9.76B$9.34B$9.66B$9.08B$9.35B$9.28B$9.35B$9.36B
Total equity $11.62B$10.51B$9.89B$8.55B$11.11B$12.71B$12.21B$11.22B$12.24B$11.97B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $2.49B$2.57B$2.29B$2.50B$2.00B$1.77B$1.14B$1.23B$1.25B$1.42B
Depreciation and amortisation $70.0M$67.0M$73.0M$51.0M$54.0M$60.0M$68.0M$79.0M$88.0M$77.0M
Capital expenditure $86.0M$95.0M$90.0M$52.0M$26.0M$23.0M$26.0M$99.0M$102.0M$146.0M
Investing cash flow -$1.45B-$1.32B-$1.84B-$1.51B-$1.23B-$705.0M-$225.0M-$177.0M-$424.0M-$846.0M
Financing cash flow -$1.10B-$1.12B-$577.0M-$1.03B-$648.0M-$902.0M-$988.0M-$1.08B-$755.0M-$673.0M
Dividends paid $1.05B$1.02B$787.0M$982.0M$621.0M$950.0M$929.0M$896.0M$842.0M$813.0M
Buybacks $34.0M$20.0M$24.0M$39.0M$18.0M$18.0M$23.0M$0$0—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000021175-26-000011.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 500M 1B 1.5B 2B Revenue, FY2016: 361M Net income, FY2016: 859M Revenue, FY2017: 390M Net income, FY2017: 899M Revenue, FY2018: 1B Net income, FY2018: 813M Revenue, FY2019: 1.2B Net income, FY2019: 1B Revenue, FY2020: 1.3B Net income, FY2020: 690M Revenue, FY2021: 1.4B Net income, FY2021: 1.2B Revenue, FY2022: 1.6B Net income, FY2022: 682M Revenue, FY2023: 1.6B Net income, FY2023: 1.2B Revenue, FY2024: 1.6B Net income, FY2024: 959M Revenue, FY2025: 1.6B Net income, FY2025: 1.3B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $361.0M $390.0M $1.01B $1.16B $1.25B $1.43B $1.57B $1.62B $1.61B $1.58B
Gross profit — — — — — — — — — —
Net income $859.0M $899.0M $813.0M $1.00B $690.0M $1.18B $682.0M $1.21B $959.0M $1.28B

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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