CNA
CNA Financial Corporation47.13
-0.16-0.34%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
12.76BP/E (TTM)
12.88Basic EPS (TTM)
3.66Dividend Yield
0.04%Recent Filings
10-K
FY2025 results
CNA Financial delivered FY2025 net income of $1.3B, up from $959M in 2024 after a $293M after-tax pension settlement hit last year; core income rose 2% to $1.3B. Property & Casualty Operations drove gains with net earned premiums climbing 7% to $10.9B, underlying combined ratio steady at 91.5% despite $240M catastrophe losses (down from $358M). Commercial shone brightest—Q4 cat losses fell sharply while underlying underwriting margins held firm—but Specialty absorbed $37M prior-year hits in professional lines, yet margins ticked up sequentially. Cash from operations topped $2.5B; CCC upstreamed $1.1B dividends amid $11.6B statutory surplus. Reserves loom large: long-tail lines like workers' comp and general liability could swell with social inflation.
8-K
Record core income, strong P&C underwriting
CNA Financial reported Q4 net income of $302 million ($1.11/share) and record full-year core income of $1,342 million ($4.93/share), fueled by P&C underwriting gain of $551 million and net investment income up 2% to $2,557 million. P&C combined ratio hit 94.7% with 2.3 points catastrophe impact, down from 3.6 prior year, while underlying stayed tight at 91.8%. Record results. Quarterly dividend rises 4% to $0.48/share plus $2.00 special.
8-K
Record core income, sharp underwriting.
CNA Financial posted record Q3 core income of $409 million, up 40% from last year, fueled by P&C underwriting gain of $194 million—nearly triple prior year—thanks to catastrophe losses dropping to $41 million from $143 million. P&C combined ratio sharpened to 92.8% with underlying at 91.3%; net written premiums grew 3%. Book value per share excluding AOCI climbed 8% to $46.30. Douglas Worman steps up as Chairman effective January 1, 2026.
10-Q
Q3 FY2025 results
CNA Financial posted Q3 net income of $403M, up 42% y/y from $283M, with diluted EPS $1.48 versus $1.04—reconciles to 272.3M shares. Total revenues climbed 5% y/y to $3.8B on 7% higher net earned premiums ($2.8B) and steady net investment income ($638M); YTD net income hit $976M (EPS $3.58, +4% y/y). Property & Casualty drove gains via lower catastrophe losses ($41M vs $143M), though Commercial saw $190M unfavorable prior-year development from mass torts. Operating cash flow stayed robust at $1.9B YTD; cash $483M with $500M new short-term debt issued. Investments solid. Legacy mass tort claims linger.
8-K
Robusto exits; Worman named Chairman
CNA Financial announced Dino E. Robusto's exit as Executive Chairman and director on December 31, 2025, per his June 2024 employment agreement. Douglas M. Worman, current President and CEO, steps in as Chairman effective January 1, 2026. Board shrinks to ten members. Leadership transitions smoothly.
IPO
Website
Employees
Sector
Industry
AFG
American Financial Group, Inc.
136.35-1.10
CB
Chubb Limited
311.04-1.57
CINF
Cincinnati Financial Corporatio
165.42-1.65
KNSL
Kinsale Capital Group, Inc.
385.16-7.01
L
Loews Corporation
103.96-1.45
PGR
Progressive Corporation (The)
231.81-4.55
RLI
RLI Corp.
65.42+0.40
RNR
RenaissanceRe Holdings Ltd.
272.44+0.90
RYAN
Ryan Specialty Holdings, Inc.
53.00-1.19
UFCS
United Fire Group, Inc
36.60-0.31