CNA Financial (CNA) Financials

$47.94 +0.33 (+0.69%)

Closing price 03:59 PM Eastern

Extended Trading

$47.90 -0.04 (-0.08%)

As of 04:44 PM Eastern

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

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

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

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

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

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

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

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

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

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

Frequently Asked Questions About CNA Financial's Financials

When does CNA Financial's financial year end?

According to the most recent income statement we have on file, CNA Financial's fiscal year ends in December. Their fiscal 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. Find out what analysts predict for CNA Financial in the coming months.

How has CNA Financial 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 5/30/2025 by MarketBeat.com Staff

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CNA Financial (CNA) Financials

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CNA Financial (CNA) Financials

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