Saturday 17 October 2026 Export CNA’s income statement to Excel — free account

CNA Financial Corporation

CNA Financial Insurance Property & Casualty

CNA Financial Corporation’s revenue for fiscal 2025 (year ended December 2025) was $15.0 billion, up 5.04% from fiscal 2024. In the quarter to June 2026, revenue grew 3.01%, EPS grew 7.27%, free cash flow grew 16.9% and total debt was flat, each against the same quarter a year earlier. Revenue growth for three consecutive years.

47.90 0.59 +1.25%

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Market cap: $12.8B
P/E: 10.5×
Fwd P/E: 10.9×
Dividend yield: 2.96%
F-score: 7/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 2.67

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	1	1	1	—	1	—	—	—	—	2	—	—

Insider Ownership 0.70%

Capital & Financial Ratios $m

Market Cap 12,800.00

Revenue 15,151.00

Net Income 1,237.00

Free Cash Flow 2,267.00

Net Debt 2,634.00

Current Ratio 0.23

Debt/Equity 0.27

P/E ratio 10.53

Fwd P/E 10.90

P/S ratio 0.86

P/B ratio 1.16

Past 5Y EPS Growth 13.14%

This Y EPS Growth (13.30%)

Next Y EPS Growth 11.75%

Next Y revenue growth 7.50%

Next 5Y EPS Growth 0.47%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 23.74%

10-year low 10-year high

P/S against its own 10 years 15.92%

10-year low 10-year high

P/B against its own 10 years 64.14%

10-year low 10-year high

Dividends

Payout Ratio 0.31

Annual Dividend Rate 1.42

Annual Dividend Yield 2.96%

	total	individual payouts
2027	Powerpack
2026	3.92	2.00 0.48 0.48
2025	3.84	2.00 0.46 0.46 0.46
2024	1.76	0.44 0.44 0.44 0.44
2023	1.68	0.42 0.42 0.42 0.42
2022	1.20	2.00 0.40 0.40 0.40
2021	1.14	0.75 0.38 0.38 0.38
2020	1.11	2.00 0.37 0.37 0.37
2019	1.05	2.00 0.35 0.35 0.35
2018	1.30	0.30 0.30 0.35 0.35
2017	0.85	2.00 0.25 0.30 0.30
2016	1.00	0.25 0.25 0.25 0.25

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	345	472	425	339
Receivables	8,854	9,722	10,120	10,696
Inventory	—	—	—	—
Other	—	—	—	—
	9,199	10,194	10,545	11,035

	2023	2024	2025	Q'26
Payables	44,196	45,480	47,682	48,787
ST’ Debt	550	—	—	—
Other	—	—	—	—
	44,746	45,480	47,682	48,787

Compound Annual Growth %

	10y	5y	3y
Sales	5.12%	6.76%	8.06%
Cash Flow	6.03%	7.00%	(0.16%)
Earnings	10.31%	13.12%	23.29%
Book Value	(0.12%)	(1.77%)	10.78%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	3,677	3,829	—	—	—
’25	3,627	3,717	3,817	3,828	14,989
’24	3,444	3,519	3,618	3,689	14,270
’23	3,152	3,304	3,336	3,507	13,299
’22	2,885	2,926	2,957	3,111	11,879
’21	2,866	3,029	2,959	3,054	11,908
’20	2,291	2,766	2,820	2,931	10,808

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	393	649	—	—	—
’25	638	562	720	570	2,490
’24	504	616	748	703	2,571
’23	436	501	828	520	2,285
’22	645	608	737	512	2,502
’21	82	603	669	643	1,997
’20	212	438	758	367	1,775

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	380	629	—	—	—
’25	620	538	704	554	2,416
’24	484	597	730	665	2,476
’23	416	478	804	497	2,195
’22	633	595	721	501	2,450
’21	79	601	658	633	1,971
’20	209	431	752	360	1,752

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.78	1.18	—	—	—
’25	1.00	1.10	1.48	1.11	4.69
’24	1.24	1.17	1.04	0.07	3.52
’23	1.09	1.04	0.95	1.35	4.43
’22	1.15	0.75	(0.15)	0.91	2.50
’21	1.14	1.35	0.94	0.98	4.41
’20	(0.22)	0.55	0.79	1.42	2.53

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	27.99	39.96	41.49	42.28	25.18	37.57	35.90	36.17	41.64	43.29	Analyst estimates 2026–2028 Powerpack
	High	42.27	55.62	55.39	50.47	51.30	49.08	50.33	45.42	52.36	51.34
People
People	Employees	6,700	6,300	6,100	5,900	5,800	5,600	6,100	6,300	6,500	6,600
	Revenue/emp, $m	1.40	1.51	1.66	1.82	1.86	2.13	1.95	2.11	2.20	2.27
Income, $m
Income, $m	Revenue	9,366	9,542	10,134	10,767	10,808	11,908	11,879	13,299	14,270	14,989
	Gross margin, %	43.59	44.35	45.02	46.08	42.91	46.50	43.99	46.85	45.77	44.67
	EBT	1,137	1,310	964	1,223	821	1,462	814	1,518	1,211	1,620
	EBT margin, %	12.14	13.73	9.51	11.36	7.60	12.28	6.85	11.41	8.49	10.81
	Net income	859	899	813	1,000	690	1,184	682	1,205	959	1,278
	Depreciation	50	48	9	(21)	(7)	(27)	(78)	(118)	(133)	(138)
Per share, $
Per share, $	Revenue	34.64	35.20	37.33	39.64	39.79	43.81	43.74	49.02	52.56	55.27
	Earnings	3.17	3.32	2.99	3.68	2.54	4.42	2.51	4.44	3.53	4.71
	Cash flow	5.24	4.63	4.52	4.20	6.54	7.35	9.21	8.42	9.47	9.18
	Capex	(0.14)	(0.38)	(0.36)	(0.10)	(0.08)	(0.10)	(0.19)	(0.33)	(0.35)	(0.27)
	Free cash flow	5.09	4.25	4.15	4.10	6.45	7.25	9.02	8.09	9.12	8.91
	Book value	44.26	45.16	41.31	44.97	46.79	47.13	31.47	36.47	38.72	42.85
	Shares, m	270	271	272	272	272	272	272	271	272	271
Valuation, ×
Valuation, ×	P/E	13.12	15.84	14.82	12.18	15.34	10.00	15.96	9.65	13.74	10.18
	P/S	1.20	1.49	1.18	1.13	0.98	1.01	0.97	0.87	0.92	0.86
	P/B	0.94	1.16	1.07	1.00	0.83	0.94	1.35	1.17	1.25	1.11
	EV/Sales	1.50	1.75	1.42	1.36	1.20	1.20	1.16	1.07	1.13	1.07
	EV/FCF	10.19	14.51	12.75	13.14	7.40	7.23	5.64	6.51	6.54	6.62
Cash, $m
Cash, $m	Operating cash flow	1,416	1,254	1,227	1,140	1,775	1,997	2,502	2,285	2,571	2,490
	Capex	(39)	(102)	(99)	(26)	(23)	(26)	(52)	(90)	(95)	(74)
	Free cash flow	1,377	1,152	1,128	1,114	1,752	1,971	2,450	2,195	2,476	2,416
Balance, $m
Balance, $m	Working capital	(29,535)	(30,454)	(29,705)	(31,744)	(33,660)	(34,227)	(33,168)	(35,547)	(35,286)	(37,137)
	Total debt	2,710	2,858	2,680	2,679	2,776	2,779	2,781	3,031	2,973	2,971
	Net debt	2,439	2,503	2,370	2,437	2,357	2,243	2,306	2,686	2,501	2,546
	Shareholders’ equity	11,969	12,244	11,217	12,215	12,707	12,809	8,548	9,893	10,513	11,621
Returns, %
Returns, %	ROA	1.56	1.61	1.43	1.70	1.11	1.81	1.07	1.92	1.46	1.88
	ROIC	5.62	6.23	5.07	5.78	3.91	6.54	5.33	8.17	6.45	7.74
	ROE	7.24	7.43	6.93	8.54	5.54	9.28	6.39	13.07	9.40	11.55

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
CINF Cincinnati Financial Corporation	$25.7B	8.0×	19.7×	+31.59% (above 0%: growing)	+85.84% (above 0%: growing)	−5.29% (below 0%: shrinking)	37.46%	37.20%	Compare
MKL Markel Group Inc.	$22.6B	10.1×	12.8×	+12.67% (above 0%: growing)	+86.91% (above 0%: growing)	−15.25% (below 0%: shrinking)	62.92%	30.09%	Compare
L Loews Corporation	$22.2B	13.5×	16.0×	+3.93% (above 0%: growing)	+15.51% (above 0%: growing)	−18.81% (below 0%: shrinking)	54.18%	15.10%	Compare
AIZ Assurant, Inc.	$13.9B	13.4×	12.9×	+9.37% (above 0%: growing)	+30.00% (above 0%: growing)	+99.03% (above 0%: growing)	78.34%	11.73%	Compare
CNA CNA Financial Corporation	$12.8B	10.5×	10.9×	+3.01% (above 0%: growing)	+7.27% (above 0%: growing)	+16.91% (above 0%: growing)	43.35%	11.44%
AFG American Financial Group, Inc.	$12.1B	13.0×	11.3×	+5.51% (above 0%: growing)	+44.44% (above 0%: growing)	−68.13% (below 0%: shrinking)	23.15%	16.75%	Compare
ORI Old Republic International Corporation	$9.3B	8.5×	11.7×	+13.37% (above 0%: growing)	+61.45% (above 0%: growing)	+49.25% (above 0%: growing)	17.62%	17.62%	Compare
KNSL Kinsale Capital Group, Inc.	$8.1B	14.7×	15.2×	+16.75% (above 0%: growing)	+33.51% (above 0%: growing)	−5.14% (below 0%: shrinking)	40.91%	40.68%	Compare
THG The Hanover Insurance Group, Inc.	$8.0B	11.0×	10.4×	+4.34% (above 0%: growing)	+27.21% (above 0%: growing)	+2.20% (above 0%: growing)	44.24%	14.75%	Compare
Median of peers	$13.0B	12.0×	12.9×	+11.02%	+38.98%	−5.21%	42.58%	17.19%

All 45 Insurance Property & Casualty stocks →

CNA Financial Corporation (CNA) key facts

Strength: CNA Financial Corporation’s revenue for fiscal 2025 (year ended December 2025) was $15.0 billion, up 5.04% from fiscal 2024.
CNA Financial Corporation (CNA) is an Insurance Property & Casualty company in the Financial sector, listed on the New York Stock Exchange.
As of October 16, 2026, CNA traded at $47.90, a market capitalization of $12.8 billion.
CNA Financial Corporation pays an annual dividend of $1.42 per share, a yield of 2.96%, with a payout ratio of 31.2%.
Return on equity was 11.6% and debt-to-equity 0.27.
Its Piotroski F-score is 7 out of 9 for fiscal 2025.