CNA Financial Corp
CNA Financial Corp (CNA) is listed on NYSE and classified in Insurance - Property & Casualty, part of the Financial Services sector. It is headquartered in Chicago, United States and has 6,600 employees. The company is worth $13.36B and trades at 10.9x its earnings of the last twelve months; the median for its sector is 13.2x. Revenue was $14.99B in fiscal 2025, up 5.0% from the year before. Net income was $1.28B. The share price is 11.3% below its 52-week high of $55.71. It pays a dividend yielding 7.90%, and has raised its annual dividend for 9 years in a row in our records. 5 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Cliff Asness (AQR Capital Management), at $137.4M. In that quarter, 3 of them opened or added to the position and 2 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +15.0% over 5Y.
today you would have $1,574.72▲ +57.5%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 17 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $47.74 | $48.37 | $42.31 | $42.28 | $44.08 | $38.96 | $44.81 | $44.15 | $53.05 | $41.50 | $35.15 | $38.71 | $42.89 | $28.01 | $26.75 | $27.05 | $24.00 | |
| P/E |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 13.1% a year plus a 7.9% dividend yield. Growth capped at 25%.
Median P/E of 13.2 among peers in the sector.
Median P/E of 13.1 across this company’s own years on record.
Cash flow growing 13.1% a year for 10 years, discounted at 10%, then 2.5% forever.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Dividend growing 5.5% a year against a 7.0% required return, from the stock’s beta.
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| ERIEERIE Indemnity Co | $256.80 | 22.1x | 5.4x | 2.28% | 24.81% | $13.43B |
| BMNRBitmine Immersion Technologies Inc | $22.50 | — | 1.1x | 0.04% | -150.91% | $13.57B |
| GLGlobe Life Inc | $168.41 | 11.3x | 2.2x | 0.78% | 20.95% | $12.94B |
| FUTUFutu Holdings Ltd | $98.92 |
| 13.1x |
| 10.2x |
| 13.7x |
| 9.6x |
| 16.8x |
| 10.2x |
| 15.4x |
| 12.2x |
| 14.8x |
| 16.1x |
| 13.1x |
| 19.9x |
| 15.2x |
| 12.4x |
| 12.0x |
| 11.8x |
| 11.9x |
| 21.8x |
| P/S | 1.0x | 0.9x | 0.9x | 0.9x | 1.0x | 1.0x | 1.0x | 1.1x | 1.2x | 1.5x | 1.2x | 1.0x | 1.1x | 1.2x | — | 0.8x | 0.8x | 0.8x |
| P/B | 1.0x | 1.1x | 1.2x | 1.2x | 1.3x | 1.1x | 0.8x | 1.0x | 1.1x | 1.2x | 0.9x | 0.8x | 0.8x | 0.9x | — | 0.6x | 0.7x | 0.6x |
| 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 | $3.47 | $2.33 | $2.27 | $2.28 | $1.10 |
| Dividend yield | 7.23% | 8.04% | 7.77% | 6.81% | 8.51% | 5.15% | 8.93% | 7.59% | 7.47% | 5.84% | 7.23% | 8.53% | 5.17% | 1.87% | 2.14% | 1.50% | — | — |
| Payout | 92.64% | 81.88% | 106.82% | 65.01% | 143.43% | 52.30% | 137.55% | 92.64% | 110.74% | 93.94% | 94.64% | 169.49% | 78.43% | 23.05% | 25.75% | 17.62% | — | — |
| Profit margin | 7.50% | 8.53% | 6.72% | 9.06% | 5.74% | 9.94% | 6.38% | 9.29% | 8.02% | 9.42% | 9.17% | 5.22% | 7.13% | 9.43% | 6.71% | 6.84% | 7.50% | 4.95% |
| ROE | 7.25% | 11.00% | 9.12% | 12.18% | 7.98% | 10.66% | 5.43% | 8.19% | 7.25% | 7.34% | 7.18% | 4.07% | 5.40% | 7.41% | 5.10% | 5.33% | 6.31% | 3.75% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
+301.8% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 9.8x |
| 2.8x |
| 2.63% |
| 30.52% |
| $13.87B |
| CGCarlyle Group Inc. | $39.20 | 40.4x | 2.6x | 3.57% | 7.77% | $13.97B |
| AFGAmerican Financial Group Inc | $153.46 | 13.1x | 2.6x | 4.63% | 20.41% | $12.73B |