CNA Financial Corporation (CNA) Stock

CNA Financial Corporation (CNA) is a Financials stock trading at $49.02 (as of 2026-08-21), with a market capitalization of $13.26B and a trailing P/E of 10.7. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

CNA Financial Corporation provides commercial property and casualty insurance products, organized into Specialty, Commercial, International, Life & Group, and Corporate & Other segments. Its offerings include professional and general liability coverages, property and casualty insurance for healthcare and other industries, surety and fidelity products, and related risk-management services for professional firms, businesses, and not-for-profit organizations.

Understand CNA Financial Corporation: how it makes money

CNA Financial Corporation sells commercial property and casualty insurance in the United States, including professional liability and related risk management services.

CNA's profit model is fundamentally about underwriting outcomes for property and casualty business, where policy retention and underwriting cost versus premium are reflected by metrics like retention and the paid-to-incurred ratio, and where results can be pressured by pretax net catastrophe losses.

Business quality (Weak): Provided data includes key operating metrics (retention, paid-to-incurred, and catastrophe losses), but it does not include a clean reportable-segment revenue breakdown for the official segments.

Valuation: At 10× earnings, CNA trades 21% below the Insurance average (13×). Note: one-time items can distort reported P/E.

Bull case

  • Retention staying strong in property and casualty: Overall Property and Casualty Retention was 85% (Specialty retention was 88%).
  • Underwriting cost versus incurred losses looks contained in property and casualty: Paid-to-Incurred Ratio (Property and Casualty) was 0.81.

Bear case

  • Catastrophe losses can create earnings volatility: Pretax net catastrophe losses were 0.13B in the Commercial segment and 0.02B in the International segment.
  • Overall retention is lower than the specialty figure: Retention (Overall) was 83%, and Retention (International) was 83%.
Valuation — source: SEC EDGAR (first-party)
Price$49.02
Market Cap$13.26B
P/E Ratio10.7
EV / EBITDA9.7
Price / Book1.19
Price / Sales0.88
FCF Yield17.0%
DCF Value (model)$84.66
DCF Upside vs Price72.7%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$14.99B
Net Margin8.5%
Revenue Growth (YoY)3.0%
EPS Growth (YoY)7.3%
FCF Growth (YoY)16.9%
Valuation vs Sector & Industry
Stock P/E10.7
Sector P/E (Financials)15.1
Industry P/E (Insurance)13.0
vs Sector-29.0%
vs Industry-17.7%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderLoews Corp ($11.41B)
Institutional Holders Tracked10
Congressional Trades (recent)2
Company
SectorFinancials
IndustryInsurance
CEODouglas Merle Worman
Employees6,500
CountryUS
IPO Date1969-02-03

Related Companies (Business model: Property & Casualty Insurer; 8 closest by market cap; US-domiciled)

  • Cincinnati Financial Corporation (CINF)
  • W. R. Berkley Corporation (WRB)
  • Loews Corporation (L)
  • Markel Corporation (MKL)
  • American Financial Group, Inc. (AFG)
  • Kinsale Capital Group, Inc. (KNSL)
  • The Hanover Insurance Group, Inc. (THG)
  • RLI Corp. (RLI)
CNA earnings history · CNA institutional & insider holders · CNA KPIs & operating metrics · CNA financials · CNA investor presentations & press releases · CNA SEC filings · CNA peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.