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CNA FINANCIAL CORP (CNA)

As-reported financials and SEC filings for CNA FINANCIAL CORP. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About CNA FINANCIAL CORP

CNA Financial Corporation is an insurance holding company that provides commercial property and casualty insurance products, including surety, as well as warranty, risk management information services, and claims administration. It serves a wide range of customers such as small, medium, and large businesses, insurance companies, associations, and professionals primarily through independent agents, brokers, and managing general underwriters. CNA operates in the United States, Canada, the United Kingdom, and Continental Europe, with its insurance operations managed through several subsidiaries.

Snapshot

Revenue
$14.99B
Revenue growth (YoY)
5.0%
Net income
$1.28B
Diluted EPS
$4.69
Gross margin
Operating margin
Net margin
8.5%
FCF margin
16.0%
ROE
11.0%
net income / fiscal-year-end equity
P/E
10.9×
trailing when available, otherwise FY EPS
Market cap
$13.14B
Long-term debt / equity
0.26×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Cna Financial

  • Revenue grew 5.0% to $15.0B in FY2025, slower than the 7.3% the year before.
  • Most recent quarter Q2 FY2026: revenue $3.8B, up 3.0% from Q2 FY2025.
  • Free cash flow was $2.4B in FY2025, 16.0% of revenue.
  • Net income rose 33.3% to $1.3B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Cna Financial’s fundamentals sit among the 88 insurance companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Net margin8.5%
32nd percentile of 82
FCF margin16.0%
48th percentile of 55
Revenue growth (YoY)+5.0%
32nd percentile of 88
ROE11.0%
40th percentile of 73
P/E10.9×
46th percentile of 72
Long-term debt / equity0.26×
55th percentile of 48
Short interest6.87d
81st percentile of 87

No reported insider purchases (code P) in the last 90 days; 2 insider sales totaling $1.6M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
1
+6 quant / multi-strat
Initiated / added
4
0 new, 4 added
Reduced / exited
5
3 trimmed, 2 exited
Combined position
$251.4M
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ2 2026$137.4M2.8MReduced
Two Sigma InvestmentsquantQ2 2026$39.5M811.6KReduced
Millennium ManagementquantQ2 2026$24.3M500.6KAdded
Gotham Asset ManagementQ2 2026$23.3M479.5KReduced
Citadel AdvisorsquantQ2 2026$12.3M253.3KAdded
D. E. ShawquantQ2 2026$7.8M159.6KAdded
Point72 Asset ManagementquantQ2 2026$6.9M141.0KAdded

No longer held by: Bridgewater Associates (as of Q2 2026), Renaissance Technologies (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
2
$1.6M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-04
Franzetti Daniel PaulEVP & CAOSell22.7K$53.09$1.2M
2026-08-04
filed 2026-08-05
James Mark StevenEVP, Chief Risk & Rein OffSell8.3K$53.15$440K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
3.1M
settled 2026-08-14
Change vs prior
+6.4%
vs previous settlement
Days to cover
6.87
at avg daily volume
Avg daily volume
445.6K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-143.1M+6.4%6.87
2026-07-312.9M-8.7%5.93
2026-07-153.2M+1.9%6.27
2026-06-303.1M0.0%3.99
2026-06-153.1M+8.3%6.41
2026-05-292.9M-1.1%6.44
2026-05-152.9M+25.2%4.18
2026-04-302.3M+5.4%5.84

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$14.99B$14.27B$13.30B$11.88B$11.91B
Gross profit
Operating income
Net income$1.28B$959.0M$1.21B$682.0M$1.18B
Diluted EPS$4.69$3.52$4.43$2.51$4.34

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$425.0M$472.0M$345.0M$475.0M$536.0M
Current assets
Total assets$69.44B$66.49B$64.71B$61.00B$66.64B
Current liabilities
Long-term debt$2.97B$2.97B$2.48B$2.54B$2.78B
Total liabilities$57.82B$55.98B$54.82B$52.45B$53.83B
Total equity$11.62B$10.51B$9.89B$8.55B$11.11B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$2.49B$2.57B$2.29B$2.50B$2.00B
Capital expenditure$86.0M$95.0M$90.0M$52.0M$26.0M
Free cash flow$2.40B$2.48B$2.19B$2.45B$1.97B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$3.83B3.0%$321.0M$1.18
Q1 FY2026$3.68B1.4%$211.0M$0.78
Q4 FY2025$3.83B3.8%$302.0M$1.11
Q3 FY2025$3.82B5.5%$403.0M$1.48
Q2 FY2025$3.72B5.6%$299.0M$1.10
Q1 FY2025$3.63B5.3%$274.0M$1.00
Q4 FY2024$3.69B5.2%$21.0M$0.08
Q3 FY2024$3.62B8.5%$283.0M$1.04

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorFinancials
SIC industryFire, Marine & Casualty Insurance
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2004
SEC CIK21175

Selected SEC filings

10-K2026-02-10
View on EDGAR →
10-Q2026-08-03
View on EDGAR →
10-Q2026-05-04
View on EDGAR →
10-Q2025-11-03
View on EDGAR →
8-K2026-08-03
View on EDGAR →
8-K2026-05-04
View on EDGAR →
8-K2026-04-29
View on EDGAR →
8-K2026-02-09
View on EDGAR →

Largest insurance peers

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.