CNANYSEFire, Marine & Casualty InsuranceFiscal year ends December 31
CNA FINANCIAL CORP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 3, 2026
$47.83−0.07 (-0.15%)
Close on Oct 19, 2026
- Market cap
- $13.00B
- P/E (TTM)
- 10.5
- Dividend yield
- 8.03%
Margins
Share of revenue, fiscal years 2011 to 2025
Net margin
8.5%+2.1 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +5.0% | +8.1% | +6.8% | +5.1% | |
| Net income | +33.3% | +23.3% | +13.1% | +10.3% | |
| EPS, diluted | +33.2% | +23.2% | +13.1% | +10.2% | |
| Free cash flow | -2.9% | -0.6% | +6.5% | +6.7% | |
| Dividend per share | +2.1% | +2.2% | +2.0% | +2.5% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 7.2% | 5.5% | 11.5% | |
| Return on assets | 1.6% | 1.1% | 1.9% | |
| Debt to equity | 0.23 | 0.22 | 0.26 | |
| Capex to revenue | 1.6% | 0.2% | 0.6% | |
| Diluted shares | 271M | 272M | 272M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Cna Financial generated $11.85B from operations and spent $4.95B on capital expenditure, dividends and share buybacks. 7% of that went back into the business.
Generated
$11.85B
Used
$4.95B
Capital expenditure$349.00M7%Dividends$4.46B90%Share buybacks$135.00M3%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin8.5%
×Asset turnover0.22×
×Equity multiplier6.14×
=Return on equity, FY202511.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 8.5% | 0.22× | 6.14× | 11.5% |
| FY2024 | 6.7% | 0.22× | 6.43× | 9.4% |
| FY2023 | 9.1% | 0.21× | 6.82× | 13.1% |
| FY2022 | 5.7% | 0.19× | 6.49× | 6.9% |
| FY2021 | 9.9% | 0.18× | 5.49× | 9.9% |
| FY2020 | 6.4% | 0.17× | 5.00× | 5.5% |
| FY2019 | 9.3% | 0.18× | 5.03× | 8.5% |
| FY2018 | 8.0% | 0.18× | 4.85× | 6.9% |
| FY2017 | 9.4% | 0.17× | 4.62× | 7.4% |
| FY2016 | 9.2% | 0.17× | 4.65× | 7.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 7 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$1.28B
- Cash generatingOperating cash flow above zero$2.49B
- Return on assets improvedROA up on the prior year1.5% → 1.9%
- Earnings backed by cashOperating cash flow above net income$2.49B vs $1.28B
- Less leverageLong-term debt to assets fell4.5% → 4.3%
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise273M → 272M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.22 → 0.23