CNA FINANCIAL CORPORATION

CNACIK 000002117517 fiscal yearsInsurance lens ↓

RevenueFY2025

$14.99B5.0%

Net incomeFY2025

$1.28B33.3%

Free cash flowFY2025

$2.40B2.9%

Diluted EPSFY2025

$4.6933.2%

Trends

FY2009–FY2025 · hover a year for its filing

Revenue & net incomeRevenueNet income

revenue 1.8× since FY2009 · net margin 4.9% → 8.5%

MarginsNet marginFCF margin

FY2025: net 8.5% · free cash flow 16.0% of revenue

Cash flowOperating cash flowFree cash flow

FY2025: $2.49B operating cash − $86.0M capex = $2.40B free cash flow

Returns on capitalReturn on equityReturn on assets

return on equity 6% (FY2010) → 11% (FY2025) · on assets 1.8%

Balance sheetLiabilitiesEquity

FY2025: $69.44B assets · $57.82B liabilities · $11.62B equity

Financial statements

Annual Quarterly

USD millions, except per-share values; share counts in millions. Hover a value for its XBRL tag and filing accession.

USD millions	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014
Revenue	14,989	14,270	13,299	11,879	11,908	10,808	10,767	10,134	9,542	9,366	9,101	9,692
Net income	1,278	959	1,205	682	1,184	690	1,000	813	899	859	479	691
Diluted EPS	4.69	3.52	4.43	2.51	4.34	2.53	3.67	2.98	3.30	3.17	1.77	2.55
Diluted shares	272	273	272	273	273	272	273	273	272	271	271	271
Operating cash flow	2,490	2,571	2,285	2,502	1,997	1,775	1,140	1,227	1,254	1,416	1,387	1,440
Capital expenditures	86	95	90	52	26	23	26	99	102	146	125	71
Free cash flow	2,404	2,476	2,195	2,450	1,971	1,752	1,114	1,128	1,152	1,270	1,262	1,369
Cash & equivalents	425	472	345	475	536	419	242	310	—	—	—	—
Total assets	69,443	66,492	64,711	61,000	66,639	64,026	60,612	57,152	56,567	55,233	55,045	55,566
Total liabilities	57,822	55,979	54,818	52,452	53,830	51,319	48,397	45,935	44,323	43,264	43,289	42,772
Shareholders' equity	11,621	10,513	9,893	8,548	12,809	12,707	12,215	11,217	12,244	11,969	11,756	12,794

As reported in SEC filings; a missing tag shows “—”, never zero. Free cash flow is operating cash flow − capex. Methodology

Insurance lens

Metrics specific to insurers. Annual figures, in USD millions; ratios in percent.

USD millions	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014
Premiums earned	10,900	10,211	9,480	8,667	8,175	7,649	7,428	7,312	6,988	6,924	6,921	7,212
Policyholder benefits & claims	8,258	7,704	7,039	6,628	6,349	6,149	5,783	5,547	5,288	5,270	5,372	5,577
Loss ratio	75.8%	75.4%	74.3%	76.5%	77.7%	80.4%	77.9%	75.9%	75.7%	76.1%	77.6%	77.3%

Premiums earned and policyholder benefits are as reported. Brokers such as Aon and Marsh McLennan earn fees, not premiums, so those rows are blank for them. The loss ratio (benefits ÷ premiums earned) is computed by stonks for full fiscal years only.