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CNA Financial (CNA) Financials

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$45.07 +0.04 (+0.08%)
Closing price 06/18/2025 03:59 PM Eastern
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$45.11 +0.04 (+0.10%)
As of 06/18/2025 04:20 PM Eastern
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Annual Income Statements for CNA Financial

Annual Income Statements for CNA Financial

This table shows CNA Financial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 479 859 899 813 1,000 690 1,184 682 1,205 959
Consolidated Net Income / (Loss)		 479 859 899 813 1,000 690 1,184 682 1,205 959
Net Income / (Loss) Continuing Operations		 479 859 899 813 1,000 690 1,184 682 1,205 959
Total Pre-Tax Income 		549 1,137 1,310 964 1,223 821 1,462 814 1,518 1,211
Total Revenue		 8,946 9,207 9,381 9,996 10,767 10,686 11,795 11,767 13,172 14,137
Net Interest Income / (Expense)		 -155 -159 -161 -138 -131 -122 -113 -112 -127 -133
Total Interest Income		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Expense		 155 159 161 138 131 122 113 112 127 133
Long-Term Debt Interest Expense		 155 159 161 138 131 122 113 112 127 133
Total Non-Interest Income		 9,101 9,366 9,542 10,134 10,767 10,808 11,908 11,879 13,299 14,270
Other Service Charges		 407 43 37 50 31 26 24 32 30 34
Net Realized & Unrealized Capital Gains on Investments		 1,773 2,038 2,127 1,765 2,147 1,881 2,279 1,606 2,165 2,416
Premiums Earned		 6,921 6,924 6,988 7,312 7,428 7,649 8,175 8,667 9,480 10,211
Other Non-Interest Income		 - 361 390 1,007 1,161 1,252 1,430 1,574 1,624 1,609
Total Non-Interest Expense		 8,397 8,070 8,071 9,032 9,544 9,865 10,333 10,953 11,654 12,926
Current and Future Benefits		 5,384 5,283 5,310 5,572 5,806 6,170 - 6,653 7,068 7,738
Other Operating Expenses		 1,473 1,552 1,528 2,125 2,224 2,285 2,519 2,810 2,942 3,390
Amortization Expense		 1,540 1,235 1,233 1,335 1,383 1,410 1,443 1,490 1,644 1,798
Income Tax Expense		 70 278 411 151 223 131 278 132 313 252
Basic Earnings per Share		 $1.77 $3.18 $3.32 $2.99 $3.68 $2.54 $4.36 $2.51 $4.44 $3.53
Weighted Average Basic Shares Outstanding		 270.20M 270.40M 271.10M 271.50M 271.60M 271.60M 271.80M 271.60M 271.30M 271.50M
Diluted Earnings per Share		 $1.77 $3.17 $3.30 $2.98 $3.67 $2.53 $4.34 $2.51 $4.43 $3.52
Weighted Average Diluted Shares Outstanding		 270.70M 271.10M 272.10M 272.50M 272.50M 272.40M 272.80M 272.50M 272.20M 272.70M
Weighted Average Basic & Diluted Shares Outstanding		 270.60M 270.10M 270.80M 271.90M 271.41M 271.39M 271.37M 270.90M 270.90M 270.86M
Cash Dividends to Common per Share		 $3.00 $3.00 $3.10 $3.30 $3.40 $3.48 $2.27 $3.60 $2.88 $3.76

Quarterly Income Statements for CNA Financial

This table shows CNA Financial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -42 239 297 283 258 367 338 317 283 21 274
Consolidated Net Income / (Loss)		 -42 239 297 283 258 367 338 317 283 21 274
Net Income / (Loss) Continuing Operations		 -42 239 297 283 258 367 338 317 283 21 274
Total Pre-Tax Income 		-51 283 371 361 326 460 427 402 361 21 349
Total Revenue		 2,929 3,083 3,124 3,273 3,302 3,473 3,409 3,485 3,586 3,657 3,595
Net Interest Income / (Expense)		 -28 -28 -28 -31 -34 -34 -35 -34 -32 -32 -32
Total Interest Income		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Interest Expense		 28 28 28 31 34 34 35 34 32 32 32
Long-Term Debt Interest Expense		 28 28 28 31 34 34 35 34 32 32 32
Total Non-Interest Income		 2,957 3,111 3,152 3,304 3,336 3,507 3,444 3,519 3,618 3,689 3,627
Other Service Charges		 11 8.00 7.00 7.00 8.00 8.00 9.00 9.00 8.00 8.00 9.00
Net Realized & Unrealized Capital Gains on Investments		 326 470 490 543 515 617 587 608 616 605 595
Premiums Earned		 2,221 2,232 2,248 2,347 2,406 2,479 2,441 2,498 2,593 2,679 2,626
Other Non-Interest Income		 399 401 407 407 407 403 407 404 401 397 397
Total Non-Interest Expense		 2,980 2,800 2,753 2,912 2,976 3,013 2,982 3,083 3,225 3,636 3,246
Current and Future Benefits		 - - 1,653 1,779 1,826 1,810 1,807 1,882 2,019 2,030 2,027
Other Operating Expenses		 717 717 721 730 724 767 731 766 749 1,144 748
Amortization Expense		 383 389 379 403 426 436 444 435 457 462 471
Income Tax Expense		 -9.00 44 74 78 68 93 89 85 78 - 75
Basic Earnings per Share		 ($0.15) $0.88 $1.10 $1.04 $0.95 $1.35 $1.24 $1.17 $1.04 $0.08 $1.01
Weighted Average Basic Shares Outstanding		 271.40M 271.60M 271.30M 271.20M 271.20M 271.30M 271.60M 271.60M 271.30M 271.50M 271.30M
Diluted Earnings per Share		 ($0.15) $0.89 $1.09 $1.04 $0.95 $1.35 $1.24 $1.17 $1.04 $0.07 $1.00
Weighted Average Diluted Shares Outstanding		 272.30M 272.50M 272.30M 272M 272.30M 272.20M 272.70M 272.60M 272.70M 272.70M 272.60M
Weighted Average Basic & Diluted Shares Outstanding		 270.89M 270.90M 270.85M 270.86M 270.87M 270.90M 271.28M 270.84M 270.84M 270.86M 270.62M
Cash Dividends to Common per Share		 $0.40 - $1.62 $0.42 $0.42 - $2.44 $0.44 $0.44 - $2.46

Annual Cash Flow Statements for CNA Financial

This table details how cash moves in and out of CNA Financial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 197 -116 84 -35 -68 177 117 -61 -130 127
Net Cash From Operating Activities		 1,387 1,416 1,254 1,227 1,140 1,775 1,997 2,502 2,285 2,571
Net Cash From Continuing Operating Activities		 1,387 1,416 1,254 1,227 1,140 1,775 1,997 2,502 2,285 2,571
Net Income / (Loss) Continuing Operations		 479 859 899 813 1,000 690 1,184 682 1,205 959
Consolidated Net Income / (Loss)		 479 859 899 813 1,000 690 1,184 682 1,205 959
Depreciation Expense		 84 77 88 79 68 60 54 51 73 67
Amortization Expense		 17 -27 -40 -70 -89 -67 -81 -129 -191 -200
Non-Cash Adjustments to Reconcile Net Income		 110 353 212 401 -289 -148 -280 168 -99 355
Changes in Operating Assets and Liabilities, net		 697 154 95 4.00 450 1,240 1,120 1,730 1,297 1,390
Net Cash From Investing Activities		 -372 -846 -424 -177 -225 -705 -1,228 -1,512 -1,843 -1,317
Net Cash From Continuing Investing Activities		 -372 -846 -424 -177 -225 -705 -1,228 -1,512 -1,843 -1,317
Purchase of Property, Leasehold Improvements and Equipment		 -125 -146 -102 -99 -26 -23 -26 -52 -90 -95
Purchase of Investment Securities		 -8,925 -10,079 -9,411 -11,474 -9,354 -11,164 -10,146 -10,644 -7,440 -7,272
Sale and/or Maturity of Investments		 8,801 9,392 9,363 11,506 9,155 10,482 8,944 9,184 5,687 6,050
Net Cash From Financing Activities		 -807 -673 -755 -1,085 -988 -902 -648 -1,032 -577 -1,117
Net Cash From Continuing Financing Activities		 -807 -673 -755 -1,085 -988 -902 -648 -1,032 -577 -1,117
Issuance of Debt		 0.00 498 496 0.00 496 495 0.00 0.00 491 490
Repayment of Debt		 0.00 -358 -391 -189 -520 -419 0.00 0.00 -243 -550
Repurchase of Common Equity		 - - 0.00 0.00 -23 -18 -18 -39 -24 -20
Payment of Dividends		 -811 -813 -842 -896 -929 -950 -621 -982 -787 -1,025
Other Financing Activities, Net		 4.00 0.00 -18 - -12 -10 -9.00 -11 -14 -12
Effect of Exchange Rate Changes		 -11 -13 9.00 - 5.00 9.00 -4.00 -19 5.00 -10

Quarterly Cash Flow Statements for CNA Financial

This table details how cash moves in and out of CNA Financial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Change in Cash & Equivalents		 -57 -28 8.00 -125 127 -140 64 -34 81 16 11
Net Cash From Operating Activities		 737 512 436 501 828 520 504 616 748 703 638
Net Cash From Continuing Operating Activities		 737 512 436 501 828 520 504 616 748 703 638
Net Income / (Loss) Continuing Operations		 -42 239 297 283 258 367 338 317 283 21 274
Consolidated Net Income / (Loss)		 -42 239 297 283 258 367 338 317 283 21 274
Depreciation Expense		 13 13 12 16 16 29 16 18 17 16 17
Amortization Expense		 -33 -40 -46 -41 -53 -51 -57 -48 -48 -47 -49
Non-Cash Adjustments to Reconcile Net Income		 39 71 -164 6.00 195 -136 -36 14 -40 417 14
Changes in Operating Assets and Liabilities, net		 760 229 337 237 412 311 243 315 536 296 382
Net Cash From Investing Activities		 -641 -440 51 -909 -679 -306 -249 40 -553 -555 88
Net Cash From Continuing Investing Activities		 -641 -440 51 -909 -679 -306 -249 40 -553 -555 88
Purchase of Property, Leasehold Improvements and Equipment		 -16 -11 -20 -23 -24 -23 -20 -19 -18 -38 -18
Purchase of Investment Securities		 -2,692 -1,285 -1,789 -2,135 -2,225 -1,291 -1,881 -1,850 -1,895 -1,646 -2,024
Sale and/or Maturity of Investments		 2,067 856 1,860 1,249 1,570 1,008 1,652 1,909 1,360 1,129 2,130
Net Cash From Financing Activities		 -138 -108 -480 280 -18 -359 -189 -689 -120 -119 -722
Net Cash From Continuing Financing Activities		 -138 -108 -480 280 -18 -359 -189 -689 -120 -119 -722
Issuance of Debt		 - - 0.00 395 96 - 490 - - - 0.00
Repurchase of Common Equity		 -18 - -24 - - - 0.00 -20 - - -34
Payment of Dividends		 -109 -108 -445 -114 -114 -114 -667 -119 -120 -119 -673
Other Financing Activities, Net		 -11 - -11 -1.00 - -2.00 -12 - - - -15
Effect of Exchange Rate Changes		 -15 8.00 1.00 3.00 -4.00 5.00 -2.00 -1.00 6.00 -13 7.00

Annual Balance Sheets for CNA Financial

This table presents CNA Financial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 55,045 55,233 56,567 57,152 60,612 64,026 66,639 61,000 64,711 66,492
Cash and Due from Banks		 387 271 355 310 242 419 536 475 345 472
Trading Account Securities		 39,769 41,015 42,182 40,326 43,072 45,623 45,415 38,301 41,108 41,770
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accrued Investment Income		 404 405 411 391 395 380 377 402 444 451
Premises and Equipment, Net		 343 310 326 324 282 252 226 226 253 295
Mortgage Servicing Rights		 678 591 839 839 994 1,068 973 1,040 1,035 1,019
Unearned Premiums Asset		 2,078 2,209 2,292 2,323 2,449 2,607 2,945 3,158 3,442 3,671
Deferred Acquisition Cost		 598 600 634 633 662 708 737 4,477 4,557 4,484
Goodwill		 150 145 148 146 147 148 148 144 146 145
Other Assets		 10,638 9,687 9,380 11,860 12,369 12,821 15,282 12,777 13,381 14,185
Total Liabilities & Shareholders' Equity		 55,045 55,233 56,567 57,152 60,612 64,026 66,639 61,000 64,711 66,492
Total Liabilities		 43,289 43,264 44,323 45,935 48,397 51,319 53,830 52,452 54,818 55,979
Short-Term Debt		 350 0.00 150 - - - 0.00 243 550 0.00
Long-Term Debt		 2,210 2,710 2,708 2,680 2,679 2,776 2,779 2,538 2,481 2,973
Claims and Claim Expense		 22,663 22,343 22,004 21,984 21,720 22,706 24,174 22,120 23,304 24,976
Future Policy Benefits		 10,152 10,326 11,179 10,597 12,311 13,318 13,236 13,480 13,959 13,158
Unearned Premiums Liability		 3,671 3,762 4,029 4,183 4,583 5,119 5,761 6,374 6,933 7,346
Other Long-Term Liabilities		 4,243 4,123 4,253 6,491 7,104 7,400 7,880 7,697 7,591 7,526
Commitments & Contingencies		 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 11,756 11,969 12,244 11,217 12,215 12,707 12,809 8,548 9,893 10,513
Total Preferred & Common Equity		 11,756 11,969 12,244 11,217 12,215 12,707 12,809 8,548 9,893 10,513
Total Common Equity		 11,756 11,969 12,244 11,217 12,215 12,707 12,809 8,548 9,893 10,513
Common Stock		 2,836 2,856 2,858 2,875 2,886 2,894 2,898 2,903 2,904 2,912
Retained Earnings		 9,313 9,359 9,414 9,277 9,348 9,081 9,663 9,336 9,755 9,686
Treasury Stock		 -78 -73 -60 -57 -70 -71 -72 -93 -94 -94
Accumulated Other Comprehensive Income / (Loss)		 -315 -173 32 -878 51 803 320 -3,598 -2,672 -1,991

Quarterly Balance Sheets for CNA Financial

This table presents CNA Financial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025
Total Assets		 60,215 62,055 63,088 61,952 65,075 65,194 67,356 67,326
Cash and Due from Banks		 503 483 358 485 409 375 456 483
Trading Account Securities		 38,142 39,789 39,411 38,548 41,296 41,072 43,247 42,668
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accrued Investment Income		 411 415 424 441 447 453 460 465
Premises and Equipment, Net		 229 232 246 257 256 259 258 291
Mortgage Servicing Rights		 953 1,006 1,009 995 1,029 986 1,003 1,049
Unearned Premiums Asset		 2,986 3,126 3,521 3,211 3,432 3,816 3,489 3,703
Deferred Acquisition Cost		 787 4,523 4,574 4,568 4,548 4,546 943 4,492
Goodwill		 142 145 146 145 146 146 147 146
Other Assets		 16,062 12,336 13,399 13,302 13,512 13,541 17,353 14,029
Total Liabilities & Shareholders' Equity		 60,215 62,055 63,088 61,952 65,075 65,194 67,356 67,326
Total Liabilities		 52,121 53,388 54,362 53,389 55,413 55,320 56,598 57,047
Short-Term Debt		 - 243 792 793 550 0.00 0.00 500
Long-Term Debt		 2,780 2,539 2,384 2,480 2,970 2,971 2,972 2,474
Claims and Claim Expense		 24,700 22,409 22,802 22,836 23,588 23,974 24,558 25,581
Future Policy Benefits		 10,454 13,976 13,666 12,654 13,513 13,211 14,047 13,304
Unearned Premiums Liability		 6,195 6,581 6,978 6,789 7,046 7,409 7,259 7,504
Other Long-Term Liabilities		 7,992 7,640 7,740 7,837 7,746 7,755 7,762 7,684
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 8,094 8,667 8,726 8,563 9,662 9,874 10,758 10,279
Total Preferred & Common Equity		 8,094 8,667 8,726 8,563 9,662 9,874 10,758 10,279
Total Common Equity		 8,094 8,667 8,726 8,563 9,662 9,874 10,758 10,279
Common Stock		 2,894 2,879 2,887 2,896 2,884 2,893 2,904 2,887
Retained Earnings		 9,433 9,191 9,359 9,503 9,425 9,623 9,785 9,287
Treasury Stock		 -94 -95 -95 -95 -75 -95 -94 -110
Accumulated Other Comprehensive Income / (Loss)		 -4,139 -3,308 -3,425 -3,741 -2,572 -2,547 -1,837 -1,785

Annual Metrics And Ratios for CNA Financial

This table displays calculated financial ratios and metrics derived from CNA Financial's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 -5.92% 2.92% 1.89% 6.56% 7.71% -0.75% 10.38% -0.24% 11.94% 7.33%
EBITDA Growth		 -49.73% 82.62% 14.41% -28.35% 23.54% -32.28% 76.29% -48.71% 90.22% -23.00%
EBIT Growth		 -54.52% 107.10% 15.22% -26.41% 26.87% -32.87% 78.08% -44.32% 86.49% -20.22%
NOPAT Growth		 -46.06% 79.33% 4.66% -9.57% 23.00% -31.00% 71.59% -42.40% 76.69% -20.41%
Net Income Growth		 -30.68% 79.33% 4.66% -9.57% 23.00% -31.00% 71.59% -42.40% 76.69% -20.41%
EPS Growth		 -30.59% 79.10% 4.10% -9.70% 23.15% -31.06% 71.54% -42.17% 76.49% -20.54%
Operating Cash Flow Growth		 -3.68% 2.09% -11.44% -2.15% -7.09% 55.70% 12.51% 25.29% -8.67% 12.52%
Free Cash Flow Firm Growth		 110.62% -67.28% -4.03% 323.95% -99.85% 3,266.67% 968.32% 357.92% -107.89% 201.79%
Invested Capital Growth		 -6.75% 2.54% 2.88% -7.98% 7.17% 3.95% 0.68% -27.32% 14.08% 4.35%
Revenue Q/Q Growth		 -1.13% 1.31% 0.65% -0.42% 4.95% -0.05% 1.32% 0.49% 3.05% 1.32%
EBITDA Q/Q Growth		 -37.02% 57.22% 7.52% -39.45% 81.02% 22.59% -11.04% -5.40% 14.94% -29.36%
EBIT Q/Q Growth		 -42.93% 72.53% 7.64% -35.22% 58.01% 21.09% -10.42% -2.98% 13.20% -26.61%
NOPAT Q/Q Growth		 -35.88% 56.75% -1.96% -27.41% 55.52% 19.79% -10.51% -1.30% 11.88% -26.51%
Net Income Q/Q Growth		 -35.88% 56.75% -1.96% -27.41% 55.52% 19.79% -10.51% -1.30% 11.88% -26.51%
EPS Q/Q Growth		 -35.87% 57.71% -2.65% -27.32% 56.17% 19.34% -10.52% -0.79% 11.59% -26.67%
Operating Cash Flow Q/Q Growth		 -3.55% -3.15% 5.38% -0.08% -14.86% 13.20% 16.04% -4.98% 0.35% 7.66%
Free Cash Flow Firm Q/Q Growth		 110.96% 5.53% -40.13% 3.17% -90.63% -82.59% 59.14% -6.05% -439.13% 167.40%
Invested Capital Q/Q Growth		 -3.44% -1.51% 0.51% -2.06% 0.63% 4.64% 0.95% 4.18% 9.19% -1.78%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 7.27% 12.89% 14.48% 9.73% 11.16% 7.62% 12.17% 6.25% 10.63% 7.63%
EBIT Margin		 6.14% 12.35% 13.96% 9.64% 11.36% 7.68% 12.40% 6.92% 11.52% 8.57%
Profit (Net Income) Margin		 5.35% 9.33% 9.58% 8.13% 9.29% 6.46% 10.04% 5.80% 9.15% 6.78%
Tax Burden Percent		 87.25% 75.55% 68.63% 84.34% 81.77% 84.04% 80.99% 83.78% 79.38% 79.19%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 12.75% 24.45% 31.37% 15.66% 18.23% 15.96% 19.02% 16.22% 20.62% 20.81%
Return on Invested Capital (ROIC)		 3.23% 5.93% 6.04% 5.61% 6.95% 4.54% 7.62% 5.07% 9.94% 7.26%
ROIC Less NNEP Spread (ROIC-NNEP)		 3.23% 5.93% 6.04% 5.61% 6.95% 4.54% 7.62% 5.07% 9.94% 7.26%
Return on Net Nonoperating Assets (RNNOA)		 0.67% 1.32% 1.39% 1.32% 1.59% 0.99% 1.66% 1.32% 3.13% 2.14%
Return on Equity (ROE)		 3.90% 7.24% 7.43% 6.93% 8.54% 5.54% 9.28% 6.39% 13.07% 9.40%
Cash Return on Invested Capital (CROIC)		 10.22% 3.42% 3.20% 13.92% 0.02% 0.67% 6.95% 36.71% -3.22% 3.01%
Operating Return on Assets (OROA)		 0.99% 2.06% 2.34% 1.70% 2.08% 1.32% 2.24% 1.28% 2.42% 1.85%
Return on Assets (ROA)		 0.87% 1.56% 1.61% 1.43% 1.70% 1.11% 1.81% 1.07% 1.92% 1.46%
Return on Common Equity (ROCE)		 3.90% 7.24% 7.43% 6.93% 8.54% 5.54% 9.28% 6.39% 13.07% 9.40%
Return on Equity Simple (ROE_SIMPLE)		 4.07% 7.18% 7.34% 7.25% 8.19% 5.43% 9.24% 7.98% 12.18% 9.12%
Net Operating Profit after Tax (NOPAT)		 479 859 899 813 1,000 690 1,184 682 1,205 959
NOPAT Margin		 5.35% 9.33% 9.58% 8.13% 9.29% 6.46% 10.04% 5.80% 9.15% 6.78%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 93.86% 87.65% 86.04% 90.36% 88.64% 92.32% 87.60% 93.08% 88.48% 91.43%
Earnings before Interest and Taxes (EBIT)		 549 1,137 1,310 964 1,223 821 1,462 814 1,518 1,211
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 650 1,187 1,358 973 1,202 814 1,435 736 1,400 1,078
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.42 0.53 0.72 0.70 0.70 0.64 0.75 1.15 1.07 1.25
Price to Tangible Book Value (P/TBV)		 0.42 0.54 0.73 0.71 0.71 0.64 0.76 1.17 1.08 1.26
Price to Revenue (P/Rev)		 0.55 0.69 0.94 0.78 0.79 0.76 0.82 0.84 0.80 0.93
Price to Earnings (P/E)		 10.26 7.45 9.76 9.60 8.55 11.71 8.12 14.48 8.78 13.66
Dividend Yield		 5.50% 4.23% 3.40% 10.43% 5.56% 4.97% 4.29% 4.39% 4.30% 6.86%
Earnings Yield		 9.74% 13.43% 10.24% 10.41% 11.70% 8.54% 12.31% 6.91% 11.40% 7.32%
Enterprise Value to Invested Capital (EV/IC)		 0.50 0.60 0.75 0.73 0.74 0.67 0.76 1.08 1.03 1.16
Enterprise Value to Revenue (EV/Rev)		 0.79 0.96 1.20 1.02 1.02 0.98 1.01 1.04 1.01 1.10
Enterprise Value to EBITDA (EV/EBITDA)		 10.91 7.44 8.31 10.46 9.14 12.82 8.26 16.55 9.47 14.47
Enterprise Value to EBIT (EV/EBIT)		 12.91 7.77 8.61 10.56 8.98 12.71 8.11 14.96 8.74 12.88
Enterprise Value to NOPAT (EV/NOPAT)		 14.80 10.29 12.55 12.52 10.98 15.12 10.02 17.86 11.00 16.27
Enterprise Value to Operating Cash Flow (EV/OCF)		 5.11 6.24 9.00 8.29 9.63 5.88 5.94 4.87 5.80 6.07
Enterprise Value to Free Cash Flow (EV/FCFF)		 4.68 17.81 23.70 5.04 3,660.99 103.32 10.99 2.46 0.00 39.30
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.22 0.23 0.23 0.24 0.22 0.22 0.22 0.33 0.31 0.28
Long-Term Debt to Equity		 0.19 0.23 0.22 0.24 0.22 0.22 0.22 0.30 0.25 0.28
Financial Leverage		 0.21 0.22 0.23 0.24 0.23 0.22 0.22 0.26 0.32 0.29
Leverage Ratio		 4.51 4.65 4.62 4.85 5.03 5.00 5.12 5.98 6.82 6.43
Compound Leverage Factor		 4.51 4.65 4.62 4.85 5.03 5.00 5.12 5.98 6.82 6.43
Debt to Total Capital		 17.88% 18.46% 18.92% 19.28% 17.99% 17.93% 17.83% 24.55% 23.45% 22.05%
Short-Term Debt to Total Capital		 2.44% 0.00% 0.99% 0.00% 0.00% 0.00% 0.00% 2.14% 4.26% 0.00%
Long-Term Debt to Total Capital		 15.44% 18.46% 17.93% 19.28% 17.99% 17.93% 17.83% 22.40% 19.20% 22.05%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 82.12% 81.54% 81.08% 80.72% 82.01% 82.07% 82.17% 75.45% 76.55% 77.95%
Debt to EBITDA		 3.94 2.28 2.10 2.75 2.23 3.41 1.94 3.78 2.17 2.76
Net Debt to EBITDA		 3.34 2.05 1.84 2.44 2.03 2.90 1.56 3.13 1.92 2.32
Long-Term Debt to EBITDA		 3.40 2.28 1.99 2.75 2.23 3.41 1.94 3.45 1.77 2.76
Debt to NOPAT		 5.34 3.15 3.18 3.30 2.68 4.02 2.35 4.08 2.52 3.10
Net Debt to NOPAT		 4.54 2.84 2.78 2.92 2.44 3.42 1.89 3.38 2.23 2.61
Long-Term Debt to NOPAT		 4.61 3.15 3.01 3.30 2.68 4.02 2.35 3.72 2.06 3.10
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 1,516 496 476 2,018 3.00 101 1,079 4,941 -390 397
Operating Cash Flow to CapEx		 1,109.60% 3,630.77% 1,229.41% 1,239.39% 4,384.62% 7,717.39% 7,680.77% 4,811.54% 2,538.89% 2,706.32%
Free Cash Flow to Firm to Interest Expense		 9.78 3.12 2.96 14.62 0.02 0.83 9.55 44.12 -3.07 2.99
Operating Cash Flow to Interest Expense		 8.95 8.91 7.79 8.89 8.70 14.55 17.67 22.34 17.99 19.33
Operating Cash Flow Less CapEx to Interest Expense		 8.14 8.66 7.16 8.17 8.50 14.36 17.44 21.88 17.28 18.62
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.16 0.17 0.17 0.18 0.18 0.17 0.18 0.18 0.21 0.22
Fixed Asset Turnover		 28.04 28.20 29.50 30.76 35.53 40.02 49.35 52.07 55.00 51.59
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 14,316 14,679 15,102 13,897 14,894 15,483 15,588 11,329 12,924 13,486
Invested Capital Turnover		 0.60 0.64 0.63 0.69 0.75 0.70 0.76 0.87 1.09 1.07
Increase / (Decrease) in Invested Capital		 -1,037 363 423 -1,205 997 589 105 -4,259 1,595 562
Enterprise Value (EV)		 7,090 8,835 11,281 10,178 10,983 10,435 11,858 12,178 13,260 15,602
Market Capitalization		 4,917 6,396 8,778 7,808 8,546 8,078 9,615 9,872 10,574 13,101
Book Value per Share		 $43.50 $44.25 $45.15 $41.33 $44.99 $46.82 $47.20 $31.55 $36.52 $38.82
Tangible Book Value per Share		 $42.94 $43.71 $44.61 $40.79 $44.45 $46.28 $46.66 $31.02 $35.98 $38.28
Total Capital		 14,316 14,679 15,102 13,897 14,894 15,483 15,588 11,329 12,924 13,486
Total Debt		 2,560 2,710 2,858 2,680 2,679 2,776 2,779 2,781 3,031 2,973
Total Long-Term Debt		 2,210 2,710 2,708 2,680 2,679 2,776 2,779 2,538 2,481 2,973
Net Debt		 2,173 2,439 2,503 2,370 2,437 2,357 2,243 2,306 2,686 2,501
Capital Expenditures (CapEx)		 125 39 102 99 26 23 26 52 90 95
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 2,560 2,710 2,858 2,680 2,679 2,776 2,779 2,781 3,031 2,973
Total Depreciation and Amortization (D&A)		 101 50 48 9.00 -21 -7.00 -27 -78 -118 -133
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.77 $3.18 $3.32 $2.99 $3.68 $2.54 $4.42 $3.29 $4.44 $3.53
Adjusted Weighted Average Basic Shares Outstanding		 270.20M 270.40M 271.10M 271.50M 271.60M 271.60M 271.80M 271.60M 271.30M 271.50M
Adjusted Diluted Earnings per Share		 $1.77 $3.17 $3.30 $2.98 $3.67 $2.53 $4.41 $3.28 $4.43 $3.52
Adjusted Weighted Average Diluted Shares Outstanding		 270.70M 271.10M 272.10M 272.50M 272.50M 272.40M 272.80M 272.50M 272.20M 272.70M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 270.27M 270.50M 271.22M 271.47M 271.41M 271.39M 271.37M 270.90M 270.90M 270.86M
Normalized Net Operating Profit after Tax (NOPAT)		 479 859 899 813 1,000 690 1,184 682 1,205 959
Normalized NOPAT Margin		 5.35% 9.33% 9.58% 8.13% 9.29% 6.46% 10.04% 5.80% 9.15% 6.78%
Pre Tax Income Margin		 6.14% 12.35% 13.96% 9.64% 11.36% 7.68% 12.40% 6.92% 11.52% 8.57%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 3.54 7.15 8.14 6.99 9.34 6.73 12.94 7.27 11.95 9.11
NOPAT to Interest Expense		 3.09 5.40 5.58 5.89 7.63 5.66 10.48 6.09 9.49 7.21
EBIT Less CapEx to Interest Expense		 2.74 6.91 7.50 6.27 9.14 6.54 12.71 6.80 11.24 8.39
NOPAT Less CapEx to Interest Expense		 2.28 5.16 4.95 5.17 7.44 5.47 10.25 5.63 8.78 6.50
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 169.31% 94.64% 93.66% 110.21% 92.90% 137.68% 52.45% 143.99% 65.31% 106.88%
Augmented Payout Ratio		 169.31% 94.64% 93.66% 110.21% 95.20% 140.29% 53.97% 149.71% 67.30% 108.97%

Quarterly Metrics And Ratios for CNA Financial

This table displays calculated financial ratios and metrics derived from CNA Financial's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -0.07% 1.88% 9.35% 12.94% 12.73% 12.65% 9.12% 6.48% 8.60% 5.30% 5.46%
EBITDA Growth		 -122.83% -14.09% -1.46% 60.77% 507.04% 71.09% 14.54% 10.71% 14.19% -102.28% -17.88%
EBIT Growth		 -116.24% -8.12% 4.51% 59.03% 739.22% 62.54% 15.09% 11.36% 10.74% -95.43% -18.27%
NOPAT Growth		 -113.95% -3.63% 0.68% 48.95% 822.69% 53.56% 13.80% 12.01% 9.69% -94.28% -18.93%
Net Income Growth		 -116.41% -3.63% 0.68% 48.95% 714.29% 53.56% 13.80% 12.01% 9.69% -94.28% -18.93%
EPS Growth		 -115.96% -2.20% 0.93% 50.72% 733.33% 51.69% 13.76% 12.50% 9.47% -94.81% -19.35%
Operating Cash Flow Growth		 10.16% -20.37% -32.40% -17.60% 12.35% 1.56% 15.60% 22.95% -9.66% 35.19% 26.59%
Free Cash Flow Firm Growth		 1,265.12% 3,045.45% 56.17% -79.87% -115.53% -127.30% -157.08% -193.02% -128.84% 55.94% 114.55%
Invested Capital Growth		 -29.58% -27.32% -15.79% -3.17% 8.85% 14.08% 15.14% 7.92% 16.00% 4.35% 0.54%
Revenue Q/Q Growth		 1.07% 5.26% 1.33% 4.77% 0.89% 5.18% -0.87% 2.23% 2.90% 1.98% -1.70%
EBITDA Q/Q Growth		 -133.97% 460.56% 31.64% -0.30% -13.99% 51.56% -4.46% -3.63% -11.29% -103.03% 3,270.00%
EBIT Q/Q Growth		 -122.47% 654.90% 31.10% -2.70% -9.70% 41.10% 0.23% -5.85% -10.20% -94.18% 1,561.90%
NOPAT Q/Q Growth		 -118.79% 769.47% 24.27% -4.71% -8.83% 42.25% -7.90% -6.21% -10.73% -92.58% 1,204.76%
Net Income Q/Q Growth		 -122.11% 669.05% 24.27% -4.71% -8.83% 42.25% -7.90% -6.21% -10.73% -92.58% 1,204.76%
EPS Q/Q Growth		 -121.74% 693.33% 22.47% -4.59% -8.65% 42.11% -8.15% -5.65% -11.11% -93.27% 1,328.57%
Operating Cash Flow Q/Q Growth		 21.22% -30.53% -14.84% 14.91% 65.27% -37.20% -3.08% 22.22% 21.43% -6.02% -9.25%
Free Cash Flow Firm Q/Q Growth		 35.58% -0.76% -45.66% -72.46% -204.61% -74.43% -13.60% 55.13% -157.35% 66.42% 137.52%
Invested Capital Q/Q Growth		 -11.54% 4.18% 1.06% 3.96% -0.55% 9.19% 2.00% -2.56% 6.89% -1.78% -1.73%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 -2.42% 8.30% 10.79% 10.27% 8.75% 12.61% 11.32% 10.67% 9.20% -0.27% 8.82%
EBIT Margin		 -1.74% 9.18% 11.88% 11.03% 9.87% 13.25% 12.53% 11.54% 10.07% 0.57% 9.71%
Profit (Net Income) Margin		 -1.43% 7.75% 9.51% 8.65% 7.81% 10.57% 9.91% 9.10% 7.89% 0.57% 7.62%
Tax Burden Percent		 82.35% 84.45% 80.05% 78.39% 79.14% 79.78% 79.16% 78.86% 78.39% 100.00% 78.51%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.00% 15.55% 19.95% 21.61% 20.86% 20.22% 20.84% 21.14% 21.61% 0.00% 21.49%
Return on Invested Capital (ROIC)		 -1.08% 6.78% 9.14% 8.87% 8.80% 11.48% 10.83% 10.05% 8.61% 0.61% 8.26%
ROIC Less NNEP Spread (ROIC-NNEP)		 -1.31% 6.78% 9.14% 8.87% 8.80% 11.48% 10.83% 10.05% 8.61% 0.61% 8.26%
Return on Net Nonoperating Assets (RNNOA)		 -0.35% 1.76% 2.61% 2.90% 3.20% 3.62% 3.73% 3.32% 2.78% 0.18% 2.69%
Return on Equity (ROE)		 -1.44% 8.54% 11.74% 11.77% 11.99% 15.10% 14.56% 13.37% 11.40% 0.80% 10.95%
Cash Return on Invested Capital (CROIC)		 39.97% 36.71% 22.61% 9.65% 1.01% -3.22% -3.95% 2.72% -4.61% 3.01% 6.23%
Operating Return on Assets (OROA)		 -0.32% 1.69% 2.27% 2.18% 2.07% 2.78% 2.65% 2.46% 2.17% 0.12% 2.10%
Return on Assets (ROA)		 -0.27% 1.43% 1.82% 1.71% 1.64% 2.21% 2.10% 1.94% 1.70% 0.12% 1.65%
Return on Common Equity (ROCE)		 -1.44% 8.54% 11.74% 11.77% 11.99% 15.10% 14.56% 13.37% 11.40% 0.80% 10.95%
Return on Equity Simple (ROE_SIMPLE)		 8.54% 0.00% 7.89% 8.90% 12.58% 0.00% 12.90% 12.96% 12.13% 0.00% 8.71%
Net Operating Profit after Tax (NOPAT)		 -36 239 297 283 258 367 338 317 283 21 274
NOPAT Margin		 -1.22% 7.75% 9.51% 8.65% 7.81% 10.57% 9.91% 9.10% 7.89% 0.57% 7.62%
Net Nonoperating Expense Percent (NNEP)		 0.23% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 101.74% 90.82% 88.12% 88.97% 90.13% 86.76% 87.47% 88.46% 89.93% 99.43% 90.29%
Earnings before Interest and Taxes (EBIT)		 -51 283 371 361 326 460 427 402 361 21 349
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -71 256 337 336 289 438 386 372 330 -10 317
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.07 1.15 1.10 1.09 1.15 1.07 1.25 1.25 1.23 1.25 1.34
Price to Tangible Book Value (P/TBV)		 1.08 1.17 1.12 1.11 1.17 1.08 1.27 1.27 1.25 1.26 1.36
Price to Revenue (P/Rev)		 0.74 0.84 0.79 0.77 0.77 0.80 0.90 0.91 0.95 0.93 0.96
Price to Earnings (P/E)		 12.48 14.48 13.95 12.27 9.12 8.78 9.69 9.68 10.16 13.66 15.37
Dividend Yield		 4.97% 4.39% 4.60% 4.66% 4.58% 4.30% 7.31% 7.18% 6.74% 6.86% 7.44%
Earnings Yield		 8.01% 6.91% 7.17% 8.15% 10.97% 11.40% 10.32% 10.33% 9.85% 7.32% 6.51%
Enterprise Value to Invested Capital (EV/IC)		 1.00 1.08 1.03 1.04 1.07 1.03 1.15 1.17 1.15 1.16 1.23
Enterprise Value to Revenue (EV/Rev)		 0.93 1.04 0.98 1.00 0.99 1.01 1.13 1.10 1.13 1.10 1.13
Enterprise Value to EBITDA (EV/EBITDA)		 14.01 16.55 16.19 14.40 10.35 9.47 10.48 10.09 10.33 14.47 16.10
Enterprise Value to EBIT (EV/EBIT)		 12.99 14.96 14.26 12.82 9.40 8.74 9.65 9.28 9.56 12.88 14.34
Enterprise Value to NOPAT (EV/NOPAT)		 15.78 17.86 17.31 15.90 11.70 11.00 12.19 11.70 12.08 16.27 18.15
Enterprise Value to Operating Cash Flow (EV/OCF)		 4.14 4.87 5.16 5.65 5.54 5.80 6.45 6.07 6.60 6.07 6.01
Enterprise Value to Free Cash Flow (EV/FCFF)		 2.07 2.46 4.18 10.59 109.61 0.00 0.00 44.46 0.00 39.30 19.72
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.34 0.33 0.32 0.36 0.38 0.31 0.36 0.30 0.28 0.28 0.29
Long-Term Debt to Equity		 0.34 0.30 0.29 0.27 0.29 0.25 0.31 0.30 0.28 0.28 0.24
Financial Leverage		 0.27 0.26 0.29 0.33 0.36 0.32 0.34 0.33 0.32 0.29 0.33
Leverage Ratio		 6.11 5.98 6.46 6.87 7.33 6.82 6.94 6.90 6.69 6.43 6.64
Compound Leverage Factor		 6.11 5.98 6.46 6.87 7.33 6.82 6.94 6.90 6.69 6.43 6.64
Debt to Total Capital		 25.57% 24.55% 24.30% 26.68% 27.65% 23.45% 26.70% 23.13% 21.65% 22.05% 22.44%
Short-Term Debt to Total Capital		 0.00% 2.14% 2.12% 6.65% 6.70% 4.26% 4.17% 0.00% 0.00% 0.00% 3.77%
Long-Term Debt to Total Capital		 25.57% 22.40% 22.18% 20.03% 20.95% 19.20% 22.53% 23.13% 21.65% 22.05% 18.67%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 74.43% 75.45% 75.70% 73.32% 72.35% 76.55% 73.30% 76.87% 78.35% 77.95% 77.56%
Debt to EBITDA		 3.57 3.78 3.81 3.70 2.69 2.17 2.43 2.00 1.95 2.76 2.95
Net Debt to EBITDA		 2.93 3.13 3.15 3.28 2.29 1.92 2.15 1.75 1.65 2.32 2.47
Long-Term Debt to EBITDA		 3.57 3.45 3.47 2.78 2.04 1.77 2.05 2.00 1.95 2.76 2.45
Debt to NOPAT		 4.02 4.08 4.07 4.09 3.04 2.52 2.83 2.32 2.28 3.10 3.32
Net Debt to NOPAT		 3.30 3.38 3.36 3.63 2.59 2.23 2.50 2.03 1.93 2.61 2.78
Long-Term Debt to NOPAT		 4.02 3.72 3.71 3.07 2.30 2.06 2.38 2.32 2.28 3.10 2.76
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 4,532 4,498 2,444 673 -704 -1,228 -1,395 -626 -1,611 -541 203
Operating Cash Flow to CapEx		 4,606.25% 4,654.55% 2,180.00% 2,178.26% 3,450.00% 2,260.87% 2,520.00% 3,242.11% 4,155.56% 1,850.00% 3,544.44%
Free Cash Flow to Firm to Interest Expense		 161.87 160.64 87.29 21.71 -20.71 -36.12 -39.86 -18.41 -50.34 -16.91 6.34
Operating Cash Flow to Interest Expense		 26.32 18.29 15.57 16.16 24.35 15.29 14.40 18.12 23.38 21.97 19.94
Operating Cash Flow Less CapEx to Interest Expense		 25.75 17.89 14.86 15.42 23.65 14.62 13.83 17.56 22.81 20.78 19.38
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.18 0.18 0.19 0.20 0.21 0.21 0.21 0.21 0.22 0.22 0.22
Fixed Asset Turnover		 50.58 52.07 52.67 52.47 52.60 55.00 55.15 54.13 54.19 51.59 52.37
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 10,874 11,329 11,449 11,902 11,836 12,924 13,182 12,845 13,730 13,486 13,253
Invested Capital Turnover		 0.89 0.87 0.96 1.03 1.13 1.09 1.09 1.10 1.09 1.07 1.08
Increase / (Decrease) in Invested Capital		 -4,568 -4,259 -2,147 -390 962 1,595 1,733 943 1,894 562 71
Enterprise Value (EV)		 10,902 12,178 11,838 12,355 12,605 13,260 15,185 14,982 15,771 15,602 16,248
Market Capitalization		 8,625 9,872 9,539 9,537 9,817 10,574 12,074 12,386 13,255 13,101 13,757
Book Value per Share		 $29.83 $31.55 $31.99 $32.22 $31.61 $36.52 $35.57 $36.40 $39.72 $38.82 $37.95
Tangible Book Value per Share		 $29.31 $31.02 $31.46 $31.68 $31.08 $35.98 $35.04 $35.86 $39.18 $38.28 $37.41
Total Capital		 10,874 11,329 11,449 11,902 11,836 12,924 13,182 12,845 13,730 13,486 13,253
Total Debt		 2,780 2,781 2,782 3,176 3,273 3,031 3,520 2,971 2,972 2,973 2,974
Total Long-Term Debt		 2,780 2,538 2,539 2,384 2,480 2,481 2,970 2,971 2,972 2,973 2,474
Net Debt		 2,277 2,306 2,299 2,818 2,788 2,686 3,111 2,596 2,516 2,501 2,491
Capital Expenditures (CapEx)		 16 11 20 23 24 23 20 19 18 38 18
Net Nonoperating Expense (NNE)		 6.30 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 2,780 2,781 2,782 3,176 3,273 3,031 3,520 2,971 2,972 2,973 2,974
Total Depreciation and Amortization (D&A)		 -20 -27 -34 -25 -37 -22 -41 -30 -31 -31 -32
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.47 $0.88 $1.10 $1.04 $0.95 $1.35 $1.24 $1.17 $1.04 $0.08 $1.01
Adjusted Weighted Average Basic Shares Outstanding		 271.40M 271.60M 271.30M 271.20M 271.20M 271.30M 271.60M 271.60M 271.30M 271.50M 271.30M
Adjusted Diluted Earnings per Share		 $0.47 $0.89 $1.09 $1.04 $0.95 $1.35 $1.24 $1.17 $1.04 $0.07 $1.00
Adjusted Weighted Average Diluted Shares Outstanding		 272.30M 272.50M 272.30M 272M 272.30M 272.20M 272.70M 272.60M 272.70M 272.70M 272.60M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 270.89M 270.90M 270.85M 270.86M 270.87M 270.90M 271.28M 270.84M 270.84M 270.86M 270.62M
Normalized Net Operating Profit after Tax (NOPAT)		 -36 239 297 283 258 367 338 317 283 15 274
Normalized NOPAT Margin		 -1.22% 7.75% 9.51% 8.65% 7.81% 10.57% 9.91% 9.10% 7.89% 0.40% 7.62%
Pre Tax Income Margin		 -1.74% 9.18% 11.88% 11.03% 9.87% 13.25% 12.53% 11.54% 10.07% 0.57% 9.71%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -1.82 10.11 13.25 11.65 9.59 13.53 12.20 11.82 11.28 0.66 10.91
NOPAT to Interest Expense		 -1.28 8.54 10.61 9.13 7.59 10.79 9.66 9.32 8.84 0.66 8.56
EBIT Less CapEx to Interest Expense		 -2.39 9.71 12.54 10.90 8.88 12.85 11.63 11.26 10.72 -0.53 10.34
NOPAT Less CapEx to Interest Expense		 -1.85 8.14 9.89 8.39 6.88 10.12 9.09 8.76 8.28 -0.53 8.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 141.39% 143.99% 112.57% 99.87% 72.52% 65.31% 80.98% 79.22% 78.16% 106.88% 115.20%
Augmented Payout Ratio		 147.03% 149.71% 118.71% 105.28% 74.74% 67.30% 80.98% 80.78% 79.69% 108.97% 121.23%

Key Financial Trends

CNA Financial delivered a stronger Q1 2025 after a weak Q4 2024, driven by healthy premium growth, improved cash flows and a rebound in profitability. Premiums earned and non‐interest income rose year-over-year, while operating cash flow and free cash flow showed significant gains. The balance sheet remains well‐capitalized with manageable leverage, and valuation multiples sit at fair levels.

  • Premiums earned rose 5.5% YoY to $2.626B, driving non‐interest income higher
  • Net cash from operating activities increased 26.6% YoY to $638M
  • Free cash flow to firm climbed 114.6% YoY to $203M
  • Net income jumped QoQ from $21M in Q4 2024 to $274M in Q1 2025
  • Return on equity surged to 10.95% from 0.8% in Q4 2024
  • Q1 investing cash flow was positive at $88M versus a $555M outflow in Q4
  • Debt‐to‐equity remains moderate at 0.29, supporting financial flexibility
  • Valuation multiples are fair: P/E ~15.4x, P/B ~1.34x and P/Revenue <1.0x
  • Dividend yield stands at ~7.4% (payout ratio exceeding 100%)
  • Basic EPS declined 19.4% YoY to $1.01, reflecting margin pressure
06/20/25 06:19 AMAI Generated. May Contain Errors.

Frequently Asked Questions About CNA Financial's Financials

When does CNA Financial's fiscal year end?

According to the most recent income statement we have on file, CNA Financial's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has CNA Financial's net income changed over the last 9 years?

CNA Financial's net income appears to be on an upward trend, with a most recent value of $959 million in 2024, rising from $479 million in 2015. The previous period was $1.21 billion in 2023. View CNA Financial's forecast to see where analysts expect CNA Financial to go next.

How has CNA Financial's revenue changed over the last 9 years?

Over the last 9 years, CNA Financial's total revenue changed from $8.95 billion in 2015 to $14.14 billion in 2024, a change of 58.0%.

How much debt does CNA Financial have?

CNA Financial's total liabilities were at $55.98 billion at the end of 2024, a 2.1% increase from 2023, and a 29.3% increase since 2015.

How much cash does CNA Financial have?

In the past 9 years, CNA Financial's cash and equivalents has ranged from $242 million in 2019 to $536 million in 2021, and is currently $472 million as of their latest financial filing in 2024.

How has CNA Financial's book value per share changed over the last 9 years?

Over the last 9 years, CNA Financial's book value per share changed from 43.50 in 2015 to 38.82 in 2024, a change of -10.8%.


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This page (NYSE:CNA) was last updated on 6/20/2025 by MarketBeat.com Staff
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