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CNA Financial Corporation (CNA) Financials

CNA
Trailing 12 months to June 30, 2026
Revenue $15.2B +3.4% YoY
Net Income $1.2B +41.0% YoY
EPS (Diluted) $4.55 +41.3% YoY
Free Cash Flow $2.3B -11.7% YoY
Market Cap $12.8B as of Oct 14, 2026
Price / Sales 0.8x on $15.2B revenue, trailing 12 months to June 30, 2026
Price / Earnings 10.3x on $1.2B net income, trailing 12 months to June 30, 2026
Price / Book 1.1x on $11.2B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 14, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 3, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CNA SEC filings page.

CNA Financial Corporation (CNA) reported $15.2B in revenue over the twelve months to Jun 30, 2026, up 3.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI CNA FY2025

CNA’s reported earnings rebound sits on a liability-heavy balance sheet, while cash generation remains well above net income.

In FY2025, operating cash flow was $2.5B versus net income of $1.3B, so reported earnings converted into substantially more cash than accounting profit alone suggests. Free cash flow reached $2.4B despite only $86M of capital spending, indicating the cash profile is not driven by heavy physical reinvestment.

The FY2025 profit rebound appears operationally meaningful: net margin recovered to 8.5% from 6.7% in FY2024, reversing much of the prior year’s compression. ROE also rose to 11.0% from 9.1%, so the improvement reached shareholder returns rather than remaining confined to the income statement.

The balance sheet is liability-heavy: total liabilities were about 5.0x equity in FY2025, while long-term debt was only 0.3x equity. That gap matters because much of the funding structure is not conventional long-term borrowing, so debt-to-equity alone understates reliance on liabilities.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Loss Ratio PremiumGrowth Capital Investment Yield CombinedRatio Stability 35 / 100
Financial Health Score 35/100
Scored as: Insurers peer group

Scored against insurers for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of CNA Financial Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Loss Ratio
19

Loss Ratio measures the claims an insurer paid out against the premiums it earned, so a lower ratio leaves more of every premium dollar with the company. CNA Financial Corporation scores 19/100 on it among other insurers.

Premium Growth
46

CNA Financial Corporation reported revenue of $15.0B in fiscal year 2025, against $14.3B in fiscal year 2024. Premium Growth ranks insurers on the three-year path of the premiums they write rather than on total revenue, and CNA Financial Corporation scores 46/100 among other insurers.

Capital
27

CNA Financial Corporation funded 16.7% of its assets with shareholders' equity at the end of fiscal year 2025, holding $11.6B of equity against $69.4B of assets. Capital ranks insurers on that cushion, and CNA Financial Corporation scores 27/100 among other insurers.

Investment Yield
0

Not available for CNA Financial Corporation, and counted as zero in the overall score.

Combined Ratio
28

Combined Ratio puts claims and running costs together against premiums earned, and a figure under 100% means the underwriting made money before any investment income was counted. CNA Financial Corporation scores 28/100 on it among other insurers.

Stability
88

CNA Financial Corporation reported net income of $1.3B in fiscal year 2025, against $959.0M in fiscal year 2024. Stability ranks insurers on how steady net income has been across five years, and CNA Financial Corporation scores 88/100 among other insurers.

Piotroski F-Score Partial
7/7

CNA Financial Corporation passes 7 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed
1.95x

For every $1 of reported earnings, CNA Financial Corporation generates $1.95 in operating cash flow ($2.5B OCF vs $1.3B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue
$3.8B
YoY+3.0%
QoQ+4.1%
5Y CAGR+4.8%
10Y CAGR+5.0%

CNA Financial Corporation generated $3.8B in revenue in Q2 2026. This represents an increase of 3.0% from the same quarter a year earlier. Against the prior quarter it is up 4.1%.

Net Income
$321.0M
YoY+7.4%
QoQ+52.1%
5Y CAGR-2.7%
10Y CAGR+4.4%

CNA Financial Corporation reported $321.0M in net income in Q2 2026. This represents an increase of 7.4% from the same quarter a year earlier. Against the prior quarter it is up 52.1%.

EPS (Diluted)
$1.18
YoY+7.3%
QoQ+51.3%
5Y CAGR-2.7%
10Y CAGR+4.4%

CNA Financial Corporation earned $1.18 per diluted share (EPS) in Q2 2026. This represents an increase of 7.3% from the same quarter a year earlier. Against the prior quarter it is up 51.3%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Free Cash Flow
$629.0M
YoY+16.9%
QoQ+65.5%
5Y CAGR+0.9%
10Y CAGR+9.8%

CNA Financial Corporation generated $629.0M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 16.9% from the same quarter a year earlier. Against the prior quarter it is up 65.5%.

Cash & Debt
$339.0M
YoY-9.1%
QoQ-35.1%
5Y CAGR-6.0%
10Y CAGR+1.6%

CNA Financial Corporation held $339.0M in cash against $3.0B in long-term debt as of Q2 2026.

Dividends Per Share
$0.48
YoY+4.3%
QoQ-80.6%
5Y CAGR+4.8%
10Y CAGR+6.7%

CNA Financial Corporation paid $0.48 per share in dividends in Q2 2026. This represents an increase of 4.3% from the same quarter a year earlier. Against the prior quarter it is down 80.6%.

Shares Outstanding
271M
YoY0.0%
QoQ0.0%
5Y CAGR-0.1%
10Y CAGR0.0%

CNA Financial Corporation had 271M shares outstanding in Q2 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.

Margins & Returns

Net Margin
8.4%
YoY+0.3pp
QoQ+2.6pp
5Y change-3.8pp
10Y change-0.5pp

CNA Financial Corporation's net profit margin was 8.4% in Q2 2026, showing the share of revenue converted to profit. This is up 0.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.6 percentage points.

Return on Equity
2.9%
YoY+0.1pp
QoQ+0.9pp
5Y change0.0pp
10Y change+1.1pp

CNA Financial Corporation's ROE was 2.9% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.9 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks
$0
QoQ-100.0%

CNA Financial Corporation repurchased no shares in Q2 2026. Against the prior quarter it is down 100.0%.

Capital Expenditures
$20.0M
YoY-16.7%
QoQ+53.8%
5Y CAGR+58.5%
10Y CAGR-4.6%

CNA Financial Corporation invested $20.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 16.7% from the same quarter a year earlier. Against the prior quarter it is up 53.8%.

R&D Spending

Not reported for Q2 2026.

CNA Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CNA quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Revenue$3.8B+3.0%$3.7B+1.4%$3.8B+3.8%$3.8B+5.5%$3.7B+5.6%$3.6B+5.3%$3.7B+5.2%$3.6B+8.5%
Interest Expense$33.0M+6.5%$33.0M+3.1%$36.0M+12.5%$36.0M+12.5%$31.0M-8.8%$32.0M-8.6%$32.0M-5.9%$32.0M-5.9%
Income Tax$84.0M+3.7%$56.0M-25.3%$76.0M$110.0M+41.0%$81.0M-4.7%$75.0M-15.7%$0-100.0%$78.0M+14.7%
Net Income$321.0M+7.4%$211.0M-23.0%$302.0M+1338.1%$403.0M+42.4%$299.0M-5.7%$274.0M-18.9%$21.0M-94.3%$283.0M+9.7%
EPS (Basic)$1.18+7.3%$0.78-22.8%$1.11+1485.7%$1.49+43.3%$1.10-6.0%$1.01-18.5%$0.07-94.8%$1.04+9.5%
EPS (Diluted)$1.18+7.3%$0.78-22.0%$1.11+1287.5%$1.48+42.3%$1.10-6.0%$1.00-19.4%$0.08-94.1%$1.04+9.5%
Diluted Shares (Avg)272M-0.2%272M-0.1%N/A272M-0.1%272M-0.1%273M0.0%N/A273M+0.1%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA.

CNA Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CNA quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$69.9B+1.4%$68.6B+1.8%$69.4B+4.4%$69.8B+3.6%$68.9B+5.7%$67.3B+3.5%$66.5B+2.8%$67.4B+8.7%
Cash & Equivalents$339.0M-9.1%$522.0M+8.1%$425.0M-10.0%$483.0M+5.9%$373.0M-0.5%$483.0M+18.1%$472.0M+36.8%$456.0M-6.0%
Short-Term Investments$1.7B-0.3%$1.5B-5.4%$2.3B+11.1%$2.2B+18.1%$1.7B-1.1%$1.6B-20.6%$2.1B-3.6%$1.9B-3.1%
Long-Term Investments$0$0$0$0$0$0$0$0
Goodwill$147.0M-0.7%$147.0M+0.7%$148.0M+2.1%$148.0M+0.7%$148.0M+1.4%$146.0M0.0%$145.0M-0.7%$147.0M+1.4%
Total Liabilities$58.7B+0.7%$57.7B+1.1%$57.8B+3.3%$58.4B+3.2%$58.3B+5.3%$57.0B+2.9%$56.0B+2.1%$56.6B+6.0%
Long-Term Debt$3.0B+20.1%$3.0B+20.1%$3.0B-0.1%$3.0B-0.1%$2.5B-16.7%$2.5B-16.7%$3.0B+19.8%$3.0B+19.8%
Total Equity$11.2B+4.9%$10.9B+5.6%$11.6B+10.5%$11.3B+5.2%$10.7B+8.0%$10.3B+6.4%$10.5B+6.3%$10.8B+25.6%
Retained Earnings$9.6B+1.9%$9.4B+1.7%$9.9B+2.4%$9.7B-0.5%$9.5B-1.7%$9.3B-1.5%$9.7B-0.7%$9.8B+3.0%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities.

CNA Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CNA quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow$649.0M+15.5%$393.0M-38.4%$570.0M-18.9%$720.0M-3.7%$562.0M-8.8%$638.0M+26.6%$703.0M+35.2%$748.0M-9.7%
Depreciation & Amortization$20.0M+11.1%$20.0M+17.6%$17.0M+6.3%$18.0M+5.9%$18.0M0.0%$17.0M+6.3%$16.0M-44.8%$17.0M+6.3%
Capital Expenditures$20.0M-16.7%$13.0M-27.8%$28.0M-26.3%$16.0M-11.1%$24.0M+26.3%$18.0M-10.0%$38.0M+65.2%$18.0M-25.0%
Free Cash Flow$629.0M+16.9%$380.0M-38.7%$542.0M-18.5%$704.0M-3.6%$538.0M-9.9%$620.0M+28.1%$665.0M+33.8%$730.0M-9.2%
Investing Cash Flow-$699.0M-25.0%$444.0M+404.5%-$3.0M+99.5%-$975.0M-76.3%-$559.0M-1497.5%$88.0M+135.3%-$555.0M-81.4%-$553.0M+18.6%
Financing Cash Flow-$131.0M-4.8%-$736.0M-1.9%-$626.0M-426.1%$369.0M+407.5%-$125.0M+81.9%-$722.0M-282.0%-$119.0M+66.9%-$120.0M-566.7%
Dividends Paid$130.0M+4.0%$682.0M+1.3%$125.0M+5.0%$124.0M+3.3%$125.0M+5.0%$673.0M+0.9%$119.0M+4.4%$120.0M+5.3%
Share Buybacks$0$36.0M+5.9%$0$0$0-100.0%$34.0M$0$0

Not reported in any period shown, so not listed: Stock-Based Compensation.

CNA Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CNA quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Net Margin8.4%+0.3pp5.7%-1.8pp7.9%+7.3pp10.6%+2.7pp8.0%-1.0pp7.5%-2.3pp0.6%-9.9pp7.8%+0.1pp
Return on Equity2.9%+0.1pp1.9%-0.7pp2.6%+2.4pp3.6%+0.9pp2.8%-0.4pp2.7%-0.8pp0.2%-3.5pp2.6%-0.4pp
Return on Assets0.5%0.0pp0.3%-0.1pp0.4%+0.4pp0.6%+0.2pp0.4%-0.1pp0.4%-0.1pp0.0%-0.5pp0.4%0.0pp
Debt-to-Equity0.270.0x0.270.0x0.260.0x0.260.0x0.23-0.1x0.24-0.1x0.280.0x0.280.0x
Asset Turnover0.050.0x0.050.0x0.060.0x0.050.0x0.050.0x0.050.0x0.060.0x0.050.0x
FCF Margin16.4%+2.0pp10.3%-6.8pp14.2%-3.9pp18.4%-1.7pp14.5%-2.5pp17.1%+3.0pp18.0%+3.9pp20.2%-3.9pp

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
CNA Financial Corporation CNA FY2025 $15.0B $1.3B 8.5% $12.8B 35/100
American Financial Group, Inc. AFG FY2025 $8.2B $842.0M 10.3% $12.0B 37/100
Assurant, Inc. AIZ FY2025 $12.8B $872.7M 6.8% $13.4B 36/100
Old Republic International Corporation ORI FY2025 $9.1B $935.4M 10.2% $9.2B 49/100
Kinsale Capital Group, Inc. KNSL FY2025 $1.9B $503.6M 26.9% $7.7B 59/100
Markel Group Inc. MKL FY2025 $15.5B $2.1B 13.6% $22.2B 24/100

Frequently Asked Questions

What is CNA Financial Corporation's annual revenue?

CNA Financial Corporation (CNA) reported $15.0B in total revenue for fiscal year 2025. This represents a 5.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is CNA Financial Corporation's revenue growing?

CNA Financial Corporation (CNA) revenue grew by 5.0% year-over-year, from $14.3B to $15.0B in fiscal year 2025.

Is CNA Financial Corporation profitable?

Yes, CNA Financial Corporation (CNA) reported a net income of $1.3B in fiscal year 2025, with a net profit margin of 8.5%.

CNA Financial Corporation (CNA) reported diluted earnings per share of $4.69 for fiscal year 2025. This represents a 33.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

As of fiscal year 2025, CNA Financial Corporation (CNA) had $425.0M in cash and equivalents against $3.0B in long-term debt.

CNA Financial Corporation (CNA) had a net profit margin of 8.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, CNA Financial Corporation (CNA) paid $3.84 per share in dividends during fiscal year 2025.

CNA Financial Corporation (CNA) has a return on equity of 11.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

CNA Financial Corporation (CNA) generated $2.4B in free cash flow during fiscal year 2025. This represents a -2.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

CNA Financial Corporation (CNA) generated $2.5B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

CNA Financial Corporation (CNA) had $69.4B in total assets as of fiscal year 2025, including both current and long-term assets.

CNA Financial Corporation (CNA) invested $86.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, CNA Financial Corporation (CNA) spent $34.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

CNA Financial Corporation (CNA) had 271M shares outstanding as of fiscal year 2025.

CNA Financial Corporation (CNA) had a debt-to-equity ratio of 0.26 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

CNA Financial Corporation (CNA) had a return on assets of 1.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

CNA Financial Corporation (CNA) trades at 10.3x earnings, its market capitalization divided by net income of $1.2B net income, trailing 12 months to June 30, 2026. The market capitalization is $12.8B as of Oct 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

CNA Financial Corporation (CNA) trades at 0.8x sales, its market capitalization divided by revenue of $15.2B revenue, trailing 12 months to June 30, 2026. The market capitalization is $12.8B as of Oct 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

CNA Financial Corporation (CNA) has a Piotroski F-Score of 7 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

CNA Financial Corporation (CNA) has an earnings quality ratio of 1.95x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

CNA Financial Corporation (CNA) scores 35 out of 100 on our Financial Health Score, indicating weak standing within its insurers peer group. The score is a 0-100 composite of six dimensions (Loss Ratio, Premium Growth, Capital, Investment Yield, Combined Ratio, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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