Go Pro
→ The end may be near for these iconic stocks (From Chaikin Analytics) (Ad)tc pixel Free CNA Stock Alerts

CNA Financial (CNA) Financials

CNA Financial logo
$49.27 -0.04 (-0.08%)
As of 08/28/2026 03:58 PM Eastern
Compare
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 2025
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 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 479 859 899 813 1,000 690 1,184 682 1,205 959 1,278
Consolidated Net Income / (Loss)		 479 859 899 813 1,000 690 1,184 682 1,205 959 1,278
Net Income / (Loss) Continuing Operations		 479 859 899 813 1,000 690 1,184 682 1,205 959 1,278
Total Pre-Tax Income 		549 1,137 1,310 964 1,223 821 1,462 814 1,518 1,211 1,620
Total Revenue		 8,946 9,207 9,381 9,996 10,767 10,686 11,795 11,767 13,172 14,137 14,854
Net Interest Income / (Expense)		 -155 -159 -161 -138 -131 -122 -113 -112 -127 -133 -135
Total Interest Income		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Expense		 155 159 161 138 131 122 113 112 127 133 135
Long-Term Debt Interest Expense		 155 159 161 138 131 122 113 112 127 133 135
Total Non-Interest Income		 9,101 9,366 9,542 10,134 10,767 10,808 11,908 11,879 13,299 14,270 14,989
Other Service Charges		 407 43 37 50 31 26 24 32 30 34 36
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 2,476
Premiums Earned		 6,921 6,924 6,988 7,312 7,428 7,649 8,175 8,667 9,480 10,211 10,900
Other Non-Interest Income		 - 361 390 1,007 1,161 1,252 1,430 1,574 1,624 1,609 1,577
Total Non-Interest Expense		 8,397 8,070 8,071 9,032 9,544 9,865 10,333 10,953 11,654 12,926 13,234
Current and Future Benefits		 5,384 5,283 5,310 5,572 5,806 6,170 - 6,653 7,068 7,738 8,294
Other Operating Expenses		 1,473 1,552 1,528 2,125 2,224 2,285 2,519 2,810 2,942 3,390 3,042
Amortization Expense		 1,540 1,235 1,233 1,335 1,383 1,410 1,443 1,490 1,644 1,798 1,898
Income Tax Expense		 70 278 411 151 223 131 278 132 313 252 342
Basic Earnings per Share		 $1.77 $3.18 $3.32 $2.99 $3.68 $2.54 $4.36 $2.51 $4.44 $3.53 $4.71
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 271.20M
Diluted Earnings per Share		 $1.77 $3.17 $3.30 $2.98 $3.67 $2.53 $4.34 $2.51 $4.43 $3.52 $4.69
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 272.40M
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 270.67M
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 $3.84

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 367 338 317 283 21 274 299 403 302 211 321
Consolidated Net Income / (Loss)		 367 338 317 283 21 274 299 403 302 211 321
Net Income / (Loss) Continuing Operations		 367 338 317 283 21 274 299 403 302 211 321
Total Pre-Tax Income 		460 427 402 361 21 349 380 513 378 267 405
Total Revenue		 3,473 3,409 3,485 3,586 3,657 3,595 3,686 3,781 3,792 3,644 3,796
Net Interest Income / (Expense)		 -34 -35 -34 -32 -32 -32 -31 -36 -36 -33 -33
Total Interest Income		 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00 0.00
Total Interest Expense		 34 35 34 32 32 32 31 36 36 33 33
Long-Term Debt Interest Expense		 34 35 34 32 32 32 31 36 36 33 33
Total Non-Interest Income		 3,507 3,444 3,519 3,618 3,689 3,627 3,717 3,817 3,828 3,677 3,829
Other Service Charges		 8.00 9.00 9.00 8.00 8.00 9.00 9.00 10 8.00 10 7.00
Net Realized & Unrealized Capital Gains on Investments		 617 587 608 616 605 595 616 631 634 592 696
Premiums Earned		 2,479 2,441 2,498 2,593 2,679 2,626 2,694 2,783 2,797 2,701 2,759
Other Non-Interest Income		 403 407 404 401 397 397 398 393 389 374 367
Total Non-Interest Expense		 3,013 2,982 3,083 3,225 3,636 3,246 3,306 3,268 3,414 3,377 3,391
Current and Future Benefits		 1,810 1,807 1,882 2,019 2,030 2,027 2,085 2,032 2,150 2,175 2,169
Other Operating Expenses		 767 731 766 749 1,144 748 752 753 789 726 741
Amortization Expense		 436 444 435 457 462 471 469 483 475 476 481
Income Tax Expense		 93 89 85 78 - 75 81 110 76 56 84
Basic Earnings per Share		 $1.35 $1.24 $1.17 $1.04 $0.08 $1.01 $1.10 $1.49 $1.11 $0.78 $1.18
Weighted Average Basic Shares Outstanding		 271.30M 271.60M 271.60M 271.30M 271.50M 271.30M 271.10M 271.10M 271.20M 271.10M 270.90M
Diluted Earnings per Share		 $1.35 $1.24 $1.17 $1.04 $0.07 $1.00 $1.10 $1.48 $1.11 $0.78 $1.18
Weighted Average Diluted Shares Outstanding		 272.20M 272.70M 272.60M 272.70M 272.70M 272.60M 272.20M 272.30M 272.40M 272.30M 271.70M
Weighted Average Basic & Diluted Shares Outstanding		 270.90M 271.28M 270.84M 270.84M 270.86M 270.62M 270.67M 270.67M 270.67M 270.53M 270.60M

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 2025
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 12/31/2025
Net Change in Cash & Equivalents		 197 -116 84 -35 -68 177 117 -61 -130 127 -47
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 2,490
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 2,490
Net Income / (Loss) Continuing Operations		 479 859 899 813 1,000 690 1,184 682 1,205 959 1,278
Consolidated Net Income / (Loss)		 479 859 899 813 1,000 690 1,184 682 1,205 959 1,278
Depreciation Expense		 84 77 88 79 68 60 54 51 73 67 70
Amortization Expense		 17 -27 -40 -70 -89 -67 -81 -129 -191 -200 -208
Non-Cash Adjustments to Reconcile Net Income		 110 353 212 401 -289 -148 -280 168 -99 355 46
Changes in Operating Assets and Liabilities, net		 697 154 95 4.00 450 1,240 1,120 1,730 1,297 1,390 1,304
Net Cash From Investing Activities		 -372 -846 -424 -177 -225 -705 -1,228 -1,512 -1,843 -1,317 -1,449
Net Cash From Continuing Investing Activities		 -372 -846 -424 -177 -225 -705 -1,228 -1,512 -1,843 -1,317 -1,449
Purchase of Property, Leasehold Improvements and Equipment		 -125 -146 -102 -99 -26 -23 -26 -52 -90 -95 -86
Purchase of Investment Securities		 -8,925 -10,079 -9,411 -11,474 -9,354 -11,164 -10,146 -10,644 -7,440 -7,283 -8,237
Sale of Property, Leasehold Improvements and Equipment		 0.00 107 - - - - - - 0.00 0.00 12
Sale and/or Maturity of Investments		 8,801 9,392 9,363 11,506 9,155 10,482 8,944 9,184 5,687 6,061 6,862
Net Cash From Financing Activities		 -807 -673 -755 -1,085 -988 -902 -648 -1,032 -577 -1,117 -1,104
Net Cash From Continuing Financing Activities		 -807 -673 -755 -1,085 -988 -902 -648 -1,032 -577 -1,117 -1,104
Issuance of Debt		 0.00 498 496 0.00 496 495 0.00 0.00 491 490 495
Repayment of Debt		 0.00 -358 -391 -189 -520 -419 0.00 0.00 -243 -550 -500
Repurchase of Common Equity		 - - 0.00 0.00 -23 -18 -18 -39 -24 -20 -34
Payment of Dividends		 -811 -813 -842 -896 -929 -950 -621 -982 -787 -1,025 -1,047
Other Financing Activities, Net		 4.00 0.00 -18 - -12 -10 -9.00 -11 -14 -12 -18
Effect of Exchange Rate Changes		 -11 -13 9.00 - 5.00 9.00 -4.00 -19 5.00 -10 16

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 -140 64 -34 81 16 11 -110 110 -58 97 -183
Net Cash From Operating Activities		 520 504 616 748 703 638 562 720 570 393 649
Net Cash From Continuing Operating Activities		 520 504 616 748 703 638 562 720 570 393 649
Net Income / (Loss) Continuing Operations		 367 338 317 283 21 274 299 403 302 211 321
Consolidated Net Income / (Loss)		 367 338 317 283 21 274 299 403 302 211 321
Depreciation Expense		 29 16 18 17 16 17 18 18 17 20 20
Amortization Expense		 -51 -57 -48 -48 -47 -49 -47 -53 -59 -57 -52
Non-Cash Adjustments to Reconcile Net Income		 -136 -36 14 -40 417 14 -4.00 -118 154 -192 -17
Changes in Operating Assets and Liabilities, net		 311 243 315 536 296 382 296 470 156 411 377
Net Cash From Investing Activities		 -306 -249 40 -553 -555 88 -559 -975 -3.00 444 -699
Net Cash From Continuing Investing Activities		 -306 -249 40 -553 -555 88 -559 -975 -3.00 444 -699
Purchase of Property, Leasehold Improvements and Equipment		 -23 -20 -19 -18 -38 -18 -24 -16 -28 -13 -20
Purchase of Investment Securities		 -1,291 -1,689 -1,850 -1,895 -1,646 -1,488 -2,278 -2,546 -1,389 -1,774 -2,743
Sale and/or Maturity of Investments		 1,008 1,460 1,909 1,360 1,129 1,594 1,743 1,587 1,402 2,231 2,062
Net Cash From Financing Activities		 -359 -189 -689 -120 -119 -722 -125 369 -626 -736 -131
Net Cash From Continuing Financing Activities		 -359 -189 -689 -120 -119 -722 -125 369 -626 -736 -131
Payment of Dividends		 -114 -667 -119 -120 -119 -673 -125 -124 -125 -682 -130
Effect of Exchange Rate Changes		 5.00 -2.00 -1.00 6.00 -13 7.00 12 -4.00 1.00 -4.00 -2.00

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 2025
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 12/31/2025
Total Assets		 55,045 55,233 56,567 57,152 60,612 64,026 66,639 61,000 64,711 66,492 69,443
Cash and Due from Banks		 387 271 355 310 242 419 536 475 345 472 425
Trading Account Securities		 39,769 41,015 42,182 40,326 43,072 45,623 45,415 38,301 41,108 41,770 46,491
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 0.00
Accrued Investment Income		 404 405 411 391 395 380 377 402 444 451 480
Premises and Equipment, Net		 343 310 326 324 282 252 226 226 253 295 282
Mortgage Servicing Rights		 678 591 839 839 994 1,068 973 1,040 1,035 1,019 1,079
Unearned Premiums Asset		 2,078 2,209 2,292 2,323 2,449 2,607 2,945 3,158 3,442 3,671 3,739
Deferred Acquisition Cost		 598 600 634 633 662 708 737 4,477 4,557 4,484 4,206
Goodwill		 150 145 148 146 147 148 148 144 146 145 148
Other Assets		 10,638 9,687 9,380 11,860 12,369 12,821 15,282 12,777 13,381 14,185 12,593
Total Liabilities & Shareholders' Equity		 55,045 55,233 56,567 57,152 60,612 64,026 66,639 61,000 64,711 66,492 69,443
Total Liabilities		 43,289 43,264 44,323 45,935 48,397 51,319 53,830 52,452 54,818 55,979 57,822
Long-Term Debt		 2,210 2,710 2,708 2,680 2,679 2,776 2,779 2,538 2,481 2,973 2,971
Claims and Claim Expense		 22,663 22,343 22,004 21,984 21,720 22,706 24,174 22,120 23,304 24,976 26,599
Future Policy Benefits		 10,152 10,326 11,179 10,597 12,311 13,318 13,236 13,480 13,959 13,158 13,448
Unearned Premiums Liability		 3,671 3,762 4,029 4,183 4,583 5,119 5,761 6,374 6,933 7,346 7,635
Other Long-Term Liabilities		 4,243 4,123 4,253 6,491 7,104 7,400 7,880 7,697 7,591 7,526 7,169
Commitments & Contingencies		 - 0.00 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 11,621
Total Preferred & Common Equity		 11,756 11,969 12,244 11,217 12,215 12,707 12,809 8,548 9,893 10,513 11,621
Total Common Equity		 11,756 11,969 12,244 11,217 12,215 12,707 12,809 8,548 9,893 10,513 11,621
Common Stock		 2,836 2,856 2,858 2,875 2,886 2,894 2,898 2,903 2,904 2,912 2,912
Retained Earnings		 9,313 9,359 9,414 9,277 9,348 9,081 9,663 9,336 9,755 9,686 9,915
Treasury Stock		 -78 -73 -60 -57 -70 -71 -72 -93 -94 -94 -108
Accumulated Other Comprehensive Income / (Loss)		 -315 -173 32 -878 51 803 320 -3,598 -2,672 -1,991 -1,098

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 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 62,055 63,088 61,952 65,075 65,194 67,356 67,326 68,936 69,756 68,559 69,874
Cash and Due from Banks		 483 358 485 409 375 456 483 373 483 522 339
Trading Account Securities		 39,789 39,411 38,548 41,296 41,072 43,247 42,668 43,526 44,428 44,015 44,675
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 0.00
Accrued Investment Income		 415 424 441 447 453 460 465 461 480 487 487
Premises and Equipment, Net		 232 246 257 256 259 258 291 297 283 287 291
Mortgage Servicing Rights		 1,006 1,009 995 1,029 986 1,003 1,049 1,040 1,055 1,055 1,037
Unearned Premiums Asset		 3,126 3,521 3,211 3,432 3,816 3,489 3,703 4,062 3,666 3,720 4,199
Deferred Acquisition Cost		 4,523 4,574 4,568 4,548 4,546 943 4,492 1,021 4,325 4,106 4,007
Goodwill		 145 146 145 146 146 147 146 148 148 147 147
Other Assets		 12,336 13,399 13,302 13,512 13,541 17,353 14,029 18,008 14,888 14,220 14,692
Total Liabilities & Shareholders' Equity		 62,055 63,088 61,952 65,075 65,194 67,356 67,326 68,936 69,756 68,559 69,874
Total Liabilities		 53,388 54,362 53,389 55,413 55,320 56,598 57,047 58,275 58,434 57,702 58,688
Long-Term Debt		 2,539 2,384 2,480 2,970 2,971 2,972 2,474 2,475 2,970 2,972 2,973
Claims and Claim Expense		 22,409 22,802 22,836 23,588 23,974 24,558 25,581 26,203 26,525 26,933 27,490
Future Policy Benefits		 13,976 13,666 12,654 13,513 13,211 14,047 13,304 13,329 13,546 13,195 13,262
Unearned Premiums Liability		 6,581 6,978 6,789 7,046 7,409 7,259 7,504 7,890 7,578 7,646 8,035
Other Long-Term Liabilities		 7,640 7,740 7,837 7,746 7,755 7,762 7,684 7,878 7,315 6,956 6,928
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 8,667 8,726 8,563 9,662 9,874 10,758 10,279 10,661 11,322 10,857 11,186
Total Preferred & Common Equity		 8,667 8,726 8,563 9,662 9,874 10,758 10,279 10,661 11,322 10,857 11,186
Total Common Equity		 8,667 8,726 8,563 9,662 9,874 10,758 10,279 10,661 11,322 10,857 11,186
Common Stock		 2,879 2,887 2,896 2,884 2,893 2,904 2,887 2,896 2,903 2,878 2,882
Retained Earnings		 9,191 9,359 9,503 9,425 9,623 9,785 9,287 9,460 9,739 9,448 9,637
Treasury Stock		 -95 -95 -95 -75 -95 -94 -110 -109 -109 -120 -117
Accumulated Other Comprehensive Income / (Loss)		 -3,308 -3,425 -3,741 -2,572 -2,547 -1,837 -1,785 -1,586 -1,211 -1,349 -1,216

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 2025
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 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
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 $4.71
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 271.20M
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 $4.69
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 272.40M
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		 270.27M 270.50M 271.22M 271.47M 271.41M 271.39M 271.37M 270.90M 270.90M 270.86M 270.67M
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Quarterly Metrics And Ratios for CNA Financial

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

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 270,673,371.00 270,531,425.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 270,673,371.00 270,531,425.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 0.78 1.19
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 12.65% 9.12% 6.48% 8.60% 5.30% 5.46% 5.77% 5.44% - 1.36% 2.98%
EBITDA Growth		 71.09% 14.54% 10.71% 14.19% -102.28% -17.88% -5.65% 44.85% - -27.44% 6.27%
EBIT Growth		 62.54% 15.09% 11.36% 10.74% -95.43% -18.27% -5.47% 42.11% - -23.50% 6.58%
NOPAT Growth		 53.56% 13.80% 12.01% 9.69% -94.28% -18.93% -5.68% 42.40% - -22.99% 7.36%
Net Income Growth		 53.56% 13.80% 12.01% 9.69% -94.28% -18.93% -5.68% 42.40% - -22.99% 7.36%
EPS Growth		 51.69% 13.76% 12.50% 9.47% -94.81% -19.35% -5.98% 42.31% - -22.00% 7.27%
Operating Cash Flow Growth		 1.56% 15.60% 22.95% -9.66% 35.19% 26.59% -8.77% -3.74% - -38.40% 15.48%
Free Cash Flow Firm Growth		 -127.30% -157.08% -193.02% -128.84% 55.94% 114.55% 21.41% 59.09% - -279.80% 58.94%
Invested Capital Growth		 14.08% 15.14% 7.92% 16.00% 4.35% 0.54% 6.16% 7.73% - 4.35% 3.84%
Revenue Q/Q Growth		 5.18% -0.87% 2.23% 2.90% 1.98% -1.70% 2.53% 2.58% - -3.90% 4.17%
EBITDA Q/Q Growth		 51.56% -4.46% -3.63% -11.29% -103.03% 3,270.00% 10.73% 36.18% - -31.55% 62.17%
EBIT Q/Q Growth		 41.10% 0.23% -5.85% -10.20% -94.18% 1,561.90% 8.88% 35.00% - -29.37% 51.69%
NOPAT Q/Q Growth		 42.25% -7.90% -6.21% -10.73% -92.58% 1,204.76% 9.12% 34.78% - -30.13% 52.13%
Net Income Q/Q Growth		 42.25% -7.90% -6.21% -10.73% -92.58% 1,204.76% 9.12% 34.78% - -30.13% 52.13%
EPS Q/Q Growth		 42.11% -8.15% -5.65% -11.11% -93.27% 1,328.57% 10.00% 34.55% - -29.73% 51.28%
Operating Cash Flow Q/Q Growth		 -37.20% -3.08% 22.22% 21.43% -6.02% -9.25% -11.91% 28.11% - -31.05% 65.14%
Free Cash Flow Firm Q/Q Growth		 -74.43% -13.60% 55.13% -157.35% 66.42% 137.52% -342.36% -33.94% - 54.60% 44.66%
Invested Capital Q/Q Growth		 9.19% 2.00% -2.56% 6.89% -1.78% -1.73% 2.89% 8.48% - -5.23% 2.39%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 12.61% 11.32% 10.67% 9.20% -0.27% 8.82% 9.52% 12.64% - 6.31% 9.83%
EBIT Margin		 13.25% 12.53% 11.54% 10.07% 0.57% 9.71% 10.31% 13.57% - 7.33% 10.67%
Profit (Net Income) Margin		 10.57% 9.91% 9.10% 7.89% 0.57% 7.62% 8.11% 10.66% - 5.79% 8.46%
Tax Burden Percent		 79.78% 79.16% 78.86% 78.39% 100.00% 78.51% 78.68% 78.56% - 79.03% 79.26%
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		 20.22% 20.84% 21.14% 21.61% 0.00% 21.49% 21.32% 21.44% - 20.97% 20.74%
Return on Invested Capital (ROIC)		 11.48% 10.83% 10.05% 8.61% 0.61% 8.26% 8.90% 11.00% - 6.37% 9.14%
ROIC Less NNEP Spread (ROIC-NNEP)		 11.48% 10.83% 10.05% 8.61% 0.61% 8.26% 8.90% 11.00% - 6.37% 9.14%
Return on Net Nonoperating Assets (RNNOA)		 3.62% 3.73% 3.32% 2.78% 0.18% 2.69% 2.58% 3.21% - 1.79% 2.49%
Return on Equity (ROE)		 15.10% 14.56% 13.37% 11.40% 0.80% 10.95% 11.47% 14.21% - 8.17% 11.62%
Cash Return on Invested Capital (CROIC)		 -3.22% -3.95% 2.72% -4.61% 3.01% 6.23% 0.65% -0.46% - 4.72% 5.14%
Operating Return on Assets (OROA)		 2.78% 2.65% 2.46% 2.17% 0.12% 2.10% 2.23% 2.91% - 1.61% 2.31%
Return on Assets (ROA)		 2.21% 2.10% 1.94% 1.70% 0.12% 1.65% 1.76% 2.29% - 1.27% 1.83%
Return on Common Equity (ROCE)		 15.10% 14.56% 13.37% 11.40% 0.80% 10.95% 11.47% 14.21% - 8.17% 11.62%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 12.90% 12.96% 12.13% 0.00% 8.71% 8.23% 8.81% - 11.19% 11.06%
Net Operating Profit after Tax (NOPAT)		 367 338 317 283 21 274 299 403 - 211 321
NOPAT Margin		 10.57% 9.91% 9.10% 7.89% 0.57% 7.62% 8.11% 10.66% - 5.79% 8.46%
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		 86.76% 87.47% 88.46% 89.93% 99.43% 90.29% 89.69% 86.43% - 92.67% 89.33%
Earnings before Interest and Taxes (EBIT)		 460 427 402 361 21 349 380 513 - 267 405
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 438 386 372 330 -10 317 351 478 - 230 373
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.07 1.25 1.25 1.23 1.25 1.34 1.18 1.11 - 1.14 1.18
Price to Tangible Book Value (P/TBV)		 1.08 1.27 1.27 1.25 1.26 1.36 1.20 1.13 - 1.16 1.19
Price to Revenue (P/Rev)		 0.80 0.90 0.91 0.95 0.93 0.96 0.87 0.85 - 0.83 0.88
Price to Earnings (P/E)		 8.78 9.69 9.68 10.16 13.66 15.37 14.36 12.61 - 10.23 10.63
Dividend Yield		 4.30% 7.31% 7.18% 6.74% 6.86% 7.44% 8.17% 8.22% - 8.41% 3.87%
Earnings Yield		 11.40% 10.32% 10.33% 9.85% 7.32% 6.51% 6.96% 7.93% - 9.78% 9.41%
Enterprise Value to Invested Capital (EV/IC)		 1.03 1.15 1.17 1.15 1.16 1.23 1.11 1.05 - 1.08 1.11
Enterprise Value to Revenue (EV/Rev)		 1.01 1.13 1.10 1.13 1.10 1.13 1.05 1.06 - 1.00 1.05
Enterprise Value to EBITDA (EV/EBITDA)		 9.47 10.48 10.09 10.33 14.47 16.10 15.38 13.70 - 10.67 11.14
Enterprise Value to EBIT (EV/EBIT)		 8.74 9.65 9.28 9.56 12.88 14.34 13.68 12.32 - 9.67 10.10
Enterprise Value to NOPAT (EV/NOPAT)		 11.00 12.19 11.70 12.08 16.27 18.15 17.33 15.61 - 12.25 12.76
Enterprise Value to Operating Cash Flow (EV/OCF)		 5.80 6.45 6.07 6.60 6.07 6.01 5.73 5.93 - 6.63 6.77
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 44.46 0.00 39.30 19.72 176.67 0.00 - 23.29 22.11
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.31 0.36 0.30 0.28 0.28 0.29 0.28 0.31 - 0.27 0.27
Long-Term Debt to Equity		 0.25 0.31 0.30 0.28 0.28 0.24 0.23 0.26 - 0.27 0.27
Financial Leverage		 0.32 0.34 0.33 0.32 0.29 0.33 0.29 0.29 - 0.28 0.27
Leverage Ratio		 6.82 6.94 6.90 6.69 6.43 6.64 6.53 6.21 - 6.43 6.35
Compound Leverage Factor		 6.82 6.94 6.90 6.69 6.43 6.64 6.53 6.21 - 6.43 6.35
Debt to Total Capital		 23.45% 26.70% 23.13% 21.65% 22.05% 22.44% 21.82% 23.46% - 21.49% 21.00%
Short-Term Debt to Total Capital		 4.26% 4.17% 0.00% 0.00% 0.00% 3.77% 3.67% 3.38% - 0.00% 0.00%
Long-Term Debt to Total Capital		 19.20% 22.53% 23.13% 21.65% 22.05% 18.67% 18.15% 20.08% - 21.49% 21.00%
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		 76.55% 73.30% 76.87% 78.35% 77.95% 77.56% 78.18% 76.54% - 78.51% 79.00%
Debt to EBITDA		 2.17 2.43 2.00 1.95 2.76 2.95 3.01 3.05 - 2.13 2.10
Net Debt to EBITDA		 1.92 2.15 1.75 1.65 2.32 2.47 2.63 2.63 - 1.76 1.86
Long-Term Debt to EBITDA		 1.77 2.05 2.00 1.95 2.76 2.45 2.51 2.61 - 2.13 2.10
Debt to NOPAT		 2.52 2.83 2.32 2.28 3.10 3.32 3.39 3.48 - 2.45 2.40
Net Debt to NOPAT		 2.23 2.50 2.03 1.93 2.61 2.78 2.97 3.00 - 2.02 2.13
Long-Term Debt to NOPAT		 2.06 2.38 2.32 2.28 3.10 2.76 2.82 2.98 - 2.45 2.40
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)		 -1,228 -1,395 -626 -1,611 -541 203 -492 -659 - -365 -202
Operating Cash Flow to CapEx		 2,260.87% 2,520.00% 3,242.11% 4,155.56% 1,850.00% 3,544.44% 2,341.67% 4,500.00% - 3,023.08% 3,245.00%
Free Cash Flow to Firm to Interest Expense		 -36.12 -39.86 -18.41 -50.34 -16.91 6.34 -15.87 -18.31 - -11.06 -6.12
Operating Cash Flow to Interest Expense		 15.29 14.40 18.12 23.38 21.97 19.94 18.13 20.00 - 11.91 19.67
Operating Cash Flow Less CapEx to Interest Expense		 14.62 13.83 17.56 22.81 20.78 19.38 17.35 19.56 - 11.52 19.06
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.21 0.21 0.21 0.22 0.22 0.22 0.22 0.21 - 0.22 0.22
Fixed Asset Turnover		 55.00 55.15 54.13 54.19 51.59 52.37 52.24 54.41 - 51.57 51.06
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 12,924 13,182 12,845 13,730 13,486 13,253 13,636 14,792 - 13,829 14,159
Invested Capital Turnover		 1.09 1.09 1.10 1.09 1.07 1.08 1.10 1.03 - 1.10 1.08
Increase / (Decrease) in Invested Capital		 1,595 1,733 943 1,894 562 71 791 1,062 - 576 523
Enterprise Value (EV)		 13,260 15,185 14,982 15,771 15,602 16,248 15,194 15,562 - 14,879 15,785
Market Capitalization		 10,574 12,074 12,386 13,255 13,101 13,757 12,592 12,575 - 12,429 13,151
Book Value per Share		 $36.52 $35.57 $36.40 $39.72 $38.82 $37.95 $39.39 $41.83 - $40.11 $41.35
Tangible Book Value per Share		 $35.98 $35.04 $35.86 $39.18 $38.28 $37.41 $38.85 $41.28 - $39.57 $40.80
Total Capital		 12,924 13,182 12,845 13,730 13,486 13,253 13,636 14,792 - 13,829 14,159
Total Debt		 3,031 3,520 2,971 2,972 2,973 2,974 2,975 3,470 - 2,972 2,973
Total Long-Term Debt		 2,481 2,970 2,971 2,972 2,973 2,474 2,475 2,970 - 2,972 2,973
Net Debt		 2,686 3,111 2,596 2,516 2,501 2,491 2,602 2,987 - 2,450 2,634
Capital Expenditures (CapEx)		 23 20 19 18 38 18 24 16 - 13 20
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)		 3,031 3,520 2,971 2,972 2,973 2,974 2,975 3,470 - 2,972 2,973
Total Depreciation and Amortization (D&A)		 -22 -41 -30 -31 -31 -32 -29 -35 - -37 -32
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.35 $1.24 $1.17 $1.04 $0.08 $1.01 $1.10 $1.49 $1.11 $0.78 $1.18
Adjusted Weighted Average Basic Shares Outstanding		 271.30M 271.60M 271.60M 271.30M 271.50M 271.30M 271.10M 271.10M 271.20M 271.10M 270.90M
Adjusted Diluted Earnings per Share		 $1.35 $1.24 $1.17 $1.04 $0.07 $1.00 $1.10 $1.48 $1.11 $0.78 $1.18
Adjusted Weighted Average Diluted Shares Outstanding		 272.20M 272.70M 272.60M 272.70M 272.70M 272.60M 272.20M 272.30M 272.40M 272.30M 271.70M
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 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 270.90M 271.28M 270.84M 270.84M 270.86M 270.62M 270.67M 270.67M 270.67M 270.53M 270.60M
Normalized Net Operating Profit after Tax (NOPAT)		 367 338 317 283 15 274 299 403 - 211 321
Normalized NOPAT Margin		 10.57% 9.91% 9.10% 7.89% 0.40% 7.62% 8.11% 10.66% - 5.79% 8.46%
Pre Tax Income Margin		 13.25% 12.53% 11.54% 10.07% 0.57% 9.71% 10.31% 13.57% - 7.33% 10.67%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 13.53 12.20 11.82 11.28 0.66 10.91 12.26 14.25 - 8.09 12.27
NOPAT to Interest Expense		 10.79 9.66 9.32 8.84 0.66 8.56 9.65 11.19 - 6.39 9.73
EBIT Less CapEx to Interest Expense		 12.85 11.63 11.26 10.72 -0.53 10.34 11.48 13.81 - 7.70 11.67
NOPAT Less CapEx to Interest Expense		 10.12 9.09 8.76 8.28 -0.53 8.00 8.87 10.75 - 6.00 9.12
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 65.31% 80.98% 79.22% 78.16% 106.88% 115.20% 118.24% 104.41% - 86.91% 85.77%
Augmented Payout Ratio		 67.30% 80.98% 80.78% 79.69% 108.97% 121.23% 122.12% 107.82% - 89.88% 88.68%

Financials Breakdown Chart

Key Financial Trends

CNA Financial’s Q2 2026 results showed improving profitability and cash generation, although the quarter remained heavily influenced by investment results and a capital-intensive insurance balance sheet. Compared with Q2 2025, total revenue increased 3.0% to $3.80 billion, while net income attributable to common shareholders rose 7.4% to $321 million. Basic and diluted EPS increased to $1.18 from $1.10.

The latest quarter also represented a strong sequential improvement. Net income increased from $211 million in Q1 2026, and EPS climbed from $0.78. Pretax income rose from $267 million to $405 million, helped by higher investment gains and relatively stable expenses. However, the broader quarterly record remains volatile: quarterly net income ranged from a $42 million loss in Q3 2022 to $403 million in Q3 2025.

  • Premium growth remains a key strength: Q2 2026 premiums earned increased to $2.76 billion from $2.69 billion in Q2 2025 and $2.35 billion in Q2 2023, indicating sustained expansion in the insurance business.
  • Profitability improved year over year: Net income rose 7.4% to $321 million, while EPS increased by roughly 7% to $1.18. The latest result also substantially exceeded Q1 2026 earnings of $211 million.
  • Operating cash flow strengthened: Cash from operating activities increased to $649 million in Q2 2026 from $562 million in Q2 2025 and $393 million in Q1 2026. This provides support for dividends, investments and other capital needs.
  • Shareholders’ equity expanded: Total equity increased to $11.19 billion at June 30, 2026, from $10.66 billion a year earlier and $10.86 billion at the end of Q1 2026.
  • Accumulated other comprehensive losses improved: AOCI improved to a negative $1.22 billion from a negative $1.59 billion at Q2 2025. This suggests less pressure from unrealized investment-market effects on reported equity.
  • Investment gains supported the latest quarter: Net realized and unrealized investment gains rose to $696 million in Q2 2026 from $616 million in Q2 2025, helping offset the company’s interest expense and insurance costs.
  • Investment activity is substantial: CNA purchased $2.74 billion of investment securities in Q2 2026 while selling or receiving maturities of $2.06 billion. This produced $699 million of negative investing cash flow, reflecting portfolio reinvestment rather than a deterioration in operating cash generation.
  • The balance sheet continues to expand: Total assets reached $69.87 billion, up from $68.94 billion in Q2 2025 and $68.56 billion in Q1 2026. Trading account securities increased to $44.68 billion, representing a significant portion of the asset base.
  • Results remain dependent on investment-market performance: Investment gains have been a material contributor to revenue in every reported quarter. A reversal in equity or fixed-income markets could reduce earnings and pressure book value even if premium trends remain favorable.
  • Debt and insurance obligations are rising: Long-term debt increased to $2.97 billion from $2.48 billion in Q2 2025, while claims and claim expenses rose to $27.49 billion from $26.20 billion. Total liabilities reached $58.69 billion, leaving the company with a relatively leveraged insurance balance sheet.

Overall, the statements point to a cautiously improving operating profile. Premiums, operating cash flow, earnings and equity are all stronger than a year ago, and Q2 2026 was materially better than Q1. Investors should nevertheless monitor claims growth, debt levels and the sustainability of investment gains, since CNA’s earnings can fluctuate significantly with capital-market conditions.

08/30/26 10:43 PM ETAI Generated. May Contain Errors.

CNA Financial Financials - Frequently Asked Questions

According to the most recent income statement we have on file, CNA Financial's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

CNA Financial's net income appears to be on an upward trend, with a most recent value of $1.28 billion in 2025, rising from $479 million in 2015. The previous period was $959 million in 2024. See where experts think CNA Financial is headed by visiting CNA Financial's forecast page.

Over the last 10 years, CNA Financial's total revenue changed from $8.95 billion in 2015 to $14.85 billion in 2025, a change of 66.0%.

CNA Financial's total liabilities were at $57.82 billion at the end of 2025, a 3.3% increase from 2024, and a 33.6% increase since 2015.

In the past 10 years, CNA Financial's cash and equivalents has ranged from $242 million in 2019 to $536 million in 2021, and is currently $425 million as of their latest financial filing in 2025.


Related Companies

Financial statements for NYSE:CNA last updated on 8/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
From Our Partners
ALERT: Drop these 5 stocks before the market opens tomorrow!
The Wall Street Journal is already raising the alarm about a potential market crash, and Weiss Ratings researc...
Weiss Ratings | Sponsoredtc pixel
Louis Navellier: My #1 AI stock for 2026 (name & ticker inside)
Louis Navellier's Stock Grader system helped him flag Nvidia before its 82,000% run and has identified the top...
InvestorPlace | Sponsoredtc pixel
Ready to give options a try? Your first trade (Ticker included) -INSIDE
Tired of trying tactic after tactic when it comes to options trades... only to be met with market noise and st...
Base Camp Trading | Sponsoredtc pixel
Trump Takes Emergency Action - Plus Elon Musk's New Venture
Elon Musk has quietly launched a new venture - one that has nothing to do with rockets, EVs, or Neuralink. Tru...
Altimetry | Sponsoredtc pixel
Buy this stock today
Marc Chaikin, founder of Chaikin Analytics, is sharing a strategy he calls 'Sell This, Buy That' - a way to mo...
Chaikin Analytics | Sponsoredtc pixel
Iran War Shock: What I Was Told In That Private Meeting
You’re Being LIED To About The Iran War Forget EVERYTHING you’ve heard about the Iran war. Especially th...
Banyan Hill Publishing | Sponsoredtc pixel
My top 3 AI picks for the next decade
Alexander Green bought Apple in 1996, recommended Nvidia at a split-adjusted 66 cents in 2004, and picked up A...
The Oxford Club | Sponsoredtc pixel
Here’s the stock symbol I’ve promised
Whitney Tilson of Stansberry Research has long recommended Berkshire Hathaway as a core retirement holding - b...
Stansberry Research | Sponsoredtc pixel