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CNA Financial Corp (CNA) stock

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NYSE: CNA NYSE Property & Casualty Insurance Next results ~February 8, 2027

D Fundamentals grade

CNA Financial Corp is a US-listed company in the property & casualty insurance industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$50

Valuation models combined (6)

Base case. Range ~$35–$57. Weighted average of 6 models (residual income, justified price-to-book, price-to-book vs return on equity (peers), price-to-book vs peers, price-to-earnings vs peers, dividend discount (two-stage)), the residual income counting double.

Price vs value

Modestly undervalued

The price is inside our value range, 3% below our base value.

Price used: $47.92, November 2, 2026

CNA Financial Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 4 selling0 purchases and 6 sales by directors and officers, last 12 monthsInsider trades
  • Funds157 adding, 138 cuttingOf 43 active managers that changed their stake, 25 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter CNA Financial files

10-Q filed November 2: CNA Financial

Model value −8.4%

Revenue for the twelve months to September 2026 was $15.2bn, up 2.1% on a year earlier, slower than the 3.4% growth a quarter earlier. Our model value falls from $54.21 to $49.63 a share, against a share price of $47.92. The rating stays Hold.

Source: 10-Q filed November 2, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where CNA Financial stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $15.2bn, up 3.4% on a year earlier, slower than 4.1% a quarter earlier. Our valuation models combined value is $54.47 a share, against a share price of $48.08.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 8, 2027 (estimated)

CNA Financial Corp's trailing-twelve-month revenue grew 2.1% year on year, with a free-cash-flow margin of 14.4%.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 13.5% while net income grew 3.3%: a 17pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in CNA Financial Corp's latest figures clears our strength thresholds.

Things to watch

  • Heavily shorted. 18.5% of the shares available to trade are sold short (6.7 days of average volume to cover).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 3 of the last four quarters.

Latest results: FY2026 Q3

Filed November 2, 2026
Earnings per share
$0.75 against an average estimate of $1.13: missed by 33.6%
Revenue
$3.82bn, up 0.1% on a year earlier
Guidance given
income from fixed income and other investments $575m (the third quarter); income from fixed income and other investments $2,300m (the full year)
Next report
November 2, 2026; average EPS estimate $1.08

CNA Financial's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-1.6%
  • 1 week-1.1%
  • 1 month+3.4%
  • This year+7.8%
  • 1 year+16.7%
  • 5 years+52.8%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$15.2B
Net margin
6.8%
EPS (TTM, diluted)
$3.79

Growth

Revenue growth
+2.1%
Change in growth rate
−1.4 pts
Share count change
−0.1%

Earnings

Last results
November 2, 2026
Next results (est.)
February 8, 2027

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Insider trade
  3. Results
  4. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

CNA Financial Corp valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$50
Price used
$47.89close November 3, 2026
Implied change
▲ +4%
Uncertainty
Low

How we got here: the combined value of 6 valuation models built for a business like CNA Financial Corp (see the models table below and how they are combined) , with a 7.63% cost of equity. The models span ~$35–~$57; that spread sets a 15% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Valuation models

We value CNA Financial Corp as an insurer, with every model that fits that kind of business. Cost of equity 7.6%: the 10-year Treasury yield (4.9%) plus a beta of 0.6 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$48 ~$37–$64 Primary model, counts double
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$52 ~$46–$61 Included
Price-to-book vs return on equity (peers) The price-to-book that peers with this return on equity trade on, from a line fitted across peers. ~$57 ~$31–$83 Included
Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. ~$49 ~$40–$85 Included
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$35 ~$32–$56 Included
Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. ~$57 ~$48–$71 Included
Combined value Weighted average of the models that apply: the primary model (residual income) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$50 ~$35–$57 6 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare CNA Financial Corp with property, casualty and specialty insurers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

66 /100

Moderate moat

How hard CNA Financial's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Net income has been a median 1.6% of total assets over 10 years.

  • Durability 11 / 20

    Net margin has been a median 7.6%; its worst year was 5.4%.

  • Discipline 12 / 20

    The diluted share count fell 0.3% over five years.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (71 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $4.20 −15% — —
Next $4.60 +10% — —

Next year's EPS estimate has moved −4.2% in 90 days, across 1 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +3.7% on 90 days ago. In the last 30 days, 1 analyst raised CNA Financial Corp's forecast and 0 cut it.

Consensus EPS forecast CNA Financial Corp, last 90 days
$4.00 $4.20 $4.40 $4.60 $4.80 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $4.05 Current fiscal year, 60 days ago: $4.30 Current fiscal year, 30 days ago: $4.30 Current fiscal year, 7 days ago: $4.30 Current fiscal year, Now: $4.20 $4.20 Next fiscal year, 90 days ago: $4.80 Next fiscal year, 60 days ago: $4.80 Next fiscal year, 30 days ago: $4.80 Next fiscal year, 7 days ago: $4.80 Next fiscal year, Now: $4.60 $4.60

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $4.05$4.80
60 days ago $4.30$4.80
30 days ago $4.30$4.80
7 days ago $4.30$4.80
Now $4.20$4.60

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $1.13 $0.75 −33.6%
Jun 2026 $1.05 $1.19 +13.3%
Mar 2026 $1.24 $0.83 −33.1%
Dec 2025 $1.34 $1.16 −13.4%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 3, 2026
  • income from fixed income and other investments the full year about $2,300m
    “For the full year, we expect income from fixed income and other investments to be about $2,300 million, or a 2% increase as compared to the full year 2025.” source
  • expense ratio (P&C run-rate) the full year 2026 about 30% Maintained
    “While there is always a degree of quarter-to-quarter variability in this ratio, we continue to believe an expense ratio around 30% represents a reasonable run-rate for the full year 2026.” source
  • effective tax rate on core income the full year about 20.9% Non-GAAP
    “The effective tax rate on core income for the quarter was 20.9%, consistent with our expectations for the full year.” source
  • income from fixed income and other investments the third quarter about $575m
    “Looking ahead, based on the current interest rate environment, we expect income from fixed income and other investments to be about $575 million in the third quarter.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

1 analysts, Nov 2026
Buy00%
Hold00%
Sell1100%

Monthly trend

  1. Nov 202611
  2. Oct 202611
  3. Sep 202611

Counts of recommendations published by analysts covering CNA Financial Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
18.5%
of tradable shares
Days to cover
6.66
at average volume
Short interest, 1 month
+25%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
0.5%
of shares
Employees
6,600
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +16.7%

$41.07 on October 31, 2025 to $47.92

ThenNowEffect
Revenue (last 12 months) $14.7bn $15.2bn +3.4%
Net margin 6.0% 8.2% +36.4%
P/E multiple 12.8x 10.5x −17.4%
Share count 273m 272m +0.1%

Biggest factor: net margin.

Last 3 years +52.7%

$31.39 on November 3, 2023 to $47.92

ThenNowEffect
Revenue (last 12 months) $12.5bn $15.2bn +21.0%
Net margin 6.2% 8.2% +31.6%
P/E multiple 11.0x 10.5x −4.1%
Share count 272m 272m 0.0%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
CNA+19%+4%+7%+24%+7%+8%
Industry peers (median)+14%−3%+9%+31%+9%+10%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
CNA58%42%75%67%58%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
CNA−13%−26%−17%−10%−14%−18%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 46% from February 10, 2020 to May 14, 2020. Getting back needed a 85% gain, reached on March 8, 2021, 298 days after the low.

Price behaviour

52-week range
$40.61 – $54.79
From 52-week high
−12.5%
vs 50-day average
+0.5%
vs 200-day average
+2.2%
Volatility (1 year)
21%
Beta vs S&P 500
-0.17

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
3 up, 8 down
typical move ±2.1%
After a week
6 up, 5 down
typical move ±2.8%
After a month
6 up, 5 down
typical move ±5.3%
Results releasedNext dayS&P 500 next day5 days21 days
August 3, 2026 +0.9% +3.3% −2.3% −6.3%
May 4, 2026 −7.3% +0.4% −10.2% −11.8%
February 9, 2026 −2.1% +0.2% −0.3% −0.9%
November 3, 2025 −0.4% −1.0% +1.8% +4.3%
August 4, 2025 +6.1% +1.0% +7.8% +12.5%
May 5, 2025 −0.2% −1.4% +1.2% −1.8%
February 10, 2025 −0.1% +0.8% +0.6% +2.2%
November 4, 2024 −0.1% +1.0% +1.9% +5.8%
October 21, 2024 −2.4% −0.2% −3.2% −3.3%
July 29, 2024 +2.5% −0.4% −1.0% +6.9%
May 6, 2024 −0.5% +1.1% +1.0% +2.7%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

CNA Financial Corp in five measures

Fundamentals grade D
Growth Profitability Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) CNA Financial Corp
$13B $13.5B $14B $14.5B $15B $15.5B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $13.3B Revenue (TTM), FY24 Q1: $13.6B Revenue (TTM), FY24 Q2: $13.8B Revenue (TTM), FY24 Q3: $14.1B Revenue (TTM), FY24 Q4: $14.3B Revenue (TTM), FY25 Q1: $14.5B Revenue (TTM), FY25 Q2: $14.7B Revenue (TTM), FY25 Q3: $14.9B Revenue (TTM), FY25 Q4: $15B Revenue (TTM), FY26 Q1: $15B Revenue (TTM), FY26 Q2: $15.2B Revenue (TTM), FY26 Q3: $15.2B $15.2B

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $13.3B
FY24 Q1 $13.6B
FY24 Q2 $13.8B
FY24 Q3 $14.1B
FY24 Q4 $14.3B
FY25 Q1 $14.5B
FY25 Q2 $14.7B
FY25 Q3 $14.9B
FY25 Q4 $15B
FY26 Q1 $15B
FY26 Q2 $15.2B
FY26 Q3 $15.2B
Revenue growth, TTM YoY CNA Financial Corp
0% 5% 10% 15% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 12.0% Revenue growth, TTM YoY, FY24 Q1: 11.9% Revenue growth, TTM YoY, FY24 Q2: 10.2% Revenue growth, TTM YoY, FY24 Q3: 9.2% Revenue growth, TTM YoY, FY24 Q4: 7.3% Revenue growth, TTM YoY, FY25 Q1: 6.3% Revenue growth, TTM YoY, FY25 Q2: 6.1% Revenue growth, TTM YoY, FY25 Q3: 5.4% Revenue growth, TTM YoY, FY25 Q4: 5.0% Revenue growth, TTM YoY, FY26 Q1: 4.1% Revenue growth, TTM YoY, FY26 Q2: 3.4% Revenue growth, TTM YoY, FY26 Q3: 2.1% 2.1%

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 12.0%
FY24 Q1 11.9%
FY24 Q2 10.2%
FY24 Q3 9.2%
FY24 Q4 7.3%
FY25 Q1 6.3%
FY25 Q2 6.1%
FY25 Q3 5.4%
FY25 Q4 5.0%
FY26 Q1 4.1%
FY26 Q2 3.4%
FY26 Q3 2.1%
FCF margin (TTM) CNA Financial Corp
14% 15% 16% 17% 18% 19% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 16.5% FCF margin (TTM), FY24 Q1: 16.7% FCF margin (TTM), FY24 Q2: 17.3% FCF margin (TTM), FY24 Q3: 16.4% FCF margin (TTM), FY24 Q4: 17.4% FCF margin (TTM), FY25 Q1: 18.1% FCF margin (TTM), FY25 Q2: 17.4% FCF margin (TTM), FY25 Q3: 17.0% FCF margin (TTM), FY25 Q4: 16.0% FCF margin (TTM), FY26 Q1: 14.4% FCF margin (TTM), FY26 Q2: 14.9% FCF margin (TTM), FY26 Q3: 14.4% 14.4%

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 16.5%
FY24 Q1 16.7%
FY24 Q2 17.3%
FY24 Q3 16.4%
FY24 Q4 17.4%
FY25 Q1 18.1%
FY25 Q2 17.4%
FY25 Q3 17.0%
FY25 Q4 16.0%
FY26 Q1 14.4%
FY26 Q2 14.9%
FY26 Q3 14.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 8.5 9.2 8.9 9.4 9.9 9.7 9.1 9.4 9.5 10.1 10.8 10.8 11.9 11.9 13.3 14.3 15.0 15.2
Net income 0.4 0.7 0.6 0.6 0.9 0.7 0.5 0.9 0.9 0.8 1.0 0.7 1.2 0.7 1.2 1.0 1.3 1.0
Diluted EPS $1.10 $2.28 $2.27 $2.33 $3.47 $2.55 $1.77 $3.17 $3.30 $2.98 $3.67 $2.53 $4.34 $2.51 $4.43 $3.52 $4.69 $3.79
Growth (year on year)
Revenue — +8.7% −2.8% +4.6% +6.1% −2.4% −6.1% +2.9% +1.9% +6.2% +6.2% +0.4% +10.2% −0.2% +12.0% +7.3% +5.0% +2.1%
Net income — +64.9% −11.4% +2.6% +49.2% −26.3% −30.7% +79.3% +4.7% −9.6% +23.0% −31.0% +71.6% −42.4% +76.7% −20.4% +33.3% +3.3%
Diluted EPS — +107.3% −0.4% +2.6% +48.9% −26.5% −30.6% +79.1% +4.1% −9.7% +23.2% −31.1% +71.5% −42.2% +76.5% −20.5% +33.2% +3.4%
Margins
Net margin 4.9% 7.5% 6.8% 6.7% 9.4% 7.1% 5.3% 9.2% 9.4% 8.0% 9.3% 6.4% 9.9% 5.7% 9.1% 6.7% 8.5% 6.8%
Free-cash-flow margin 14.1% −1.5% 18.1% 12.3% 11.2% 14.1% 13.9% 13.6% 12.1% 11.1% 10.3% 16.2% 16.6% 20.6% 16.5% 17.4% 16.0% 14.4%
Cash flow
Cash from operations 1.3 −0.1 1.7 1.3 1.2 1.4 1.4 1.4 1.3 1.2 1.1 1.8 2.0 2.5 2.3 2.6 2.5 2.3
Capital spending 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1
Free cash flow 1.2 −0.1 1.6 1.2 1.1 1.4 1.3 1.3 1.2 1.1 1.1 1.8 2.0 2.5 2.2 2.5 2.4 2.2
Stock-based pay — 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 —
Free cash flow after stock pay — −0.1 1.6 1.1 1.1 1.4 1.2 1.2 1.1 1.1 1.1 1.7 1.9 2.4 2.2 2.4 2.4 —
Balance sheet
Cash — — — — — — — 0.3 0.4 0.3 0.2 0.4 0.5 0.5 0.3 0.5 0.4 0.4
Total debt 0.0 2.7 2.6 2.6 3.1 2.6 2.6 2.7 2.9 2.7 2.7 2.8 2.8 3.0 3.6 3.0 3.0 3.0
Net debt (negative = net cash) — — — — — — — 2.4 2.5 2.4 2.4 2.4 2.2 2.5 3.2 2.5 2.5 2.6
Diluted shares 269m 270m 270m 270m 270m 271m 271m 271m 272m 273m 273m 272m 273m 273m 272m 273m 272m 272m
Returned to shareholders
Dividends — — 0.1 0.2 0.2 0.5 0.8 0.8 0.8 0.9 0.9 1.0 0.6 1.0 0.8 1.0 1.0 1.1
Buybacks — — — — — — — — 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Total returned — — 0.1 0.2 0.2 0.5 0.8 0.8 0.8 0.9 1.0 1.0 0.6 1.0 0.8 1.0 1.1 1.1

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$36M
Dividends (TTM)
$1.1B
Returned to shareholders
51%
of free cash flow
Buybacks, last 3 fiscal years
$78M
Diluted share count
−0.1%
year over year
Total shareholder yield
8.5%
dividends 8.2% + buybacks 0.3% of market value
Dividend payout ratio
104%
of net income paid out

Competitors: side by side with peers

Closest by revenue in property & casualty insurance
Last 12 months unless stated CNA FNF WRB CINF ACGL ORI Median
Revenue, last 12 months $15.2bn $15.4bn $14.9bn $13.3bn $19.2bn $9.8bn $1.7bn
Revenue growth, last 12 months 2.1% 13.0% 1.5% 9.9% 0.4% 12.5% 8.0%
Revenue growth, 3-year average 5.5% 10.8% 7.6% 10.8% 17.7% 8.7% 9.5%
Revenue growth, latest quarter 0.1% 11.4% −0.8% −18.2% −10.5% 5.2% 4.2%
Net margin 6.8% 5.0% 12.5% 20.1% 24.4% 11.2% 10.5%
Cash from operations / revenue 15.0% 36.2% 21.5% 23.3% 31.7% 11.6% 18.2%
Free-cash-flow margin 14.4% 30.5% 21.9% 23.2% 31.5% — 17.6%
Free-cash-flow margin, 3-year average 15.9% 39.9% 24.6% 22.4% 35.5% — 16.5%
Stock pay / revenue — 0.6% 0.4% 0.5% 0.8% — 0.6%
Change in share count −0.1% −1.4% −1.6% −0.6% −5.0% −1.1% −0.7%

Median of all 48 companies we cover in property & casualty insurance. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

48 property & casualty insurance companies
Measure Company Peer median Rank
Revenue growth Growth 2.1% 8.3% 36 of 48
Change in growth rate Growth -1.4pp -0.7pp 27 of 48
Net margin Profitability 6.8% 10.8% 31 of 48
Change in share count Balance sheet -0.1% -0.7% 31 of 47

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue YoY
Specialty $1.6B ▼ 2.0%
Commercial $0 —
International $0 —
Life and Group Non Core $0 —
Corporate and Other $0 —

These categories overlap or exclude eliminations, so shares aren't shown.

From CNA Financial Corp's 10-K filed February 10, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$13.2B
Institutions reporting
309
Shares held vs prior quarter
▲ 0.9%
Positions opened / closed
48 / 34

Top buyers and sellers, Q2 2026: 157 institutions bought and 138 sold ; the biggest buyer was Morgan Stanley (+530K shares) and the biggest seller First Trust Advisors LP (−1.1M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Loews Corp $12.1B 248.4M 91.2% 0.0%
AQR Capital Management LLC $137M 2.8M 1.0% ▼ 7.0%
Blackrock, Inc. $80.2M 1.6M 0.6% ▼ 7.5%
First Trust Advisors LP $50.8M 1.0M 0.4% ▼ 50.3%
Morgan Stanley $47.4M 976K 0.4% ▲ 118.9%
Quantinno Capital Management LP $42.2M 867K 0.3% ▲ 26.6%
Charles Schwab Investment Management Inc $39.9M 820K 0.3% ▲ 8.4%
Two Sigma Investments, LP $39.5M 812K 0.3% ▼ 8.0%
River Road Asset Management, LLC $39M 802K 0.3% ▼ 5.4%
Corda Investment Management, Llc. $36.6M 754K 0.3% ▲ 3.2%
Arrowstreet Capital, Limited Partnership $28M 576K 0.2% ▲ 125.1%
Torray Investment Partners LLC $25.4M 522K 0.2% ▲ 11.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not CNA Financial Corp's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $2.7M 6 trades by 4 insiders · 33% under pre-set plans
Net ▼ $2.7M net selling
Insider Date Trade Shares Price Value
Franzetti Daniel Paul EVP & CAO August 4, 2026 Sell 22,656 $53.09 $1.2M
James Mark Steven EVP, Chief Risk & Rein Off August 4, 2026 Sell 8,273 $53.15 $439,710
Neuenschwander Jeffrey John SVP & General Counsel March 19, 2026 Sell 3,287 $45.97 $151,103
Robusto Dino Executive Chairman January 2, 2026 Sell pre-set plan 6,250 $47.62 $297,625
Robusto Dino Executive Chairman December 1, 2025 Sell pre-set plan 6,250 $46.92 $293,250
Robusto Dino Executive Chairman November 3, 2025 Sell pre-set plan 6,250 $45.28 $283,000

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 3 trades and filings

No trades in CNA Financial Corp disclosed in the last 12 months; 3 earlier trades on record.

  • Marie Newman(D-IL 3):Purchase, $1,001 - $15,000, traded August 2, 2021, filed September 8, 2021
  • Marie Newman(D-IL 3):Purchase, $1,001 - $15,000, traded August 2, 2021, filed September 8, 2021
  • Marie Newman(D-IL 3):Purchase, $1,001 - $15,000, traded August 2, 2021, filed September 8, 2021

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around February 8, 2027 estimated from the company's past filing pattern, not announced

  • November 2, 2026
  • August 3, 2026
  • May 4, 2026
  • February 9, 2026
  • November 3, 2025
  • August 4, 2025

Recent SEC filings

Data status

When each part of this page on CNA Financial Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

CNA Financial Corp in brief

What does CNA Financial Corp do?
CNA Financial Corp is a US-listed company in the property & casualty insurance industry. Its financial year ends in December.
What is CNA Financial Corp's stock ticker?
CNA Financial Corp trades under the ticker CNA on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is CNA Financial Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, CNA Financial Corp reported revenue of $15.2B, 2.1% higher than a year earlier, according to its SEC filings.
What is CNA Financial Corp's free cash flow?
CNA Financial Corp's free-cash-flow margin is 14.4% of revenue over the trailing twelve months.
Who are CNA Financial Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Loews Corp, AQR Capital Management LLC and Blackrock, Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is CNA Financial Corp buying back stock, and does it pay a dividend?
CNA Financial Corp spent $36M on share repurchases over the trailing twelve months, and its diluted share count fell 0.1% over the year.
What is CNA Financial Corp's market cap?
On November 2, 2026, CNA Financial Corp's market capitalisation was about $13B, with a price-to-earnings ratio of 12.7 and net debt of $2.6B. Market figures come from third-party market data and may be delayed.
Does CNA Financial Corp pay a dividend?
Yes: CNA Financial Corp paid $1.1B in dividends over the trailing twelve months, a dividend yield of 8.24% and a payout ratio of 103.7%.
Who are CNA Financial Corp's competitors?
In our Property & Casualty Insurance peer group, the companies closest to CNA Financial Corp are Fidelity National Financial, Inc., W. R. Berkley Corporation, Cincinnati Financial, Arch Capital Group and OLD Republic International Corp. The side-by-side comparison below sets their revenue, margins and growth against CNA Financial Corp's.
Are insiders buying or selling CNA Financial Corp stock?
Over the last 12 months, CNA Financial Corp's directors and officers reported 0 open-market purchases and 6 sales on Form 4. The insider trading page charts every trade.
When is CNA Financial Corp's next earnings date?
Around February 8, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — CNA Financial Corp announces its own schedule.