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CNA Financial CNA Commercial Auto — Year 1

Other product segments

Surety
15.2%-12.1%

Similar metrics at other companies

KG
KGCommercial Auto Liability — Year 1
11.9%
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HGTYAuto — Year 1
62%+0.7pp
United Fire Group logo
UFCSCommercial automobile — Year 1
35.7%-0.3pp
Old Republic International logo
ORICommercial Automobile — Year 1
35%-0.4pp
United Fire Group logo
UFCSCommercial other liability — Year 1
7.1%-0.5pp
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UFCSCommercial workers' compensation — Year 1
34.4%+1.5pp

Other financials

Income statement

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Revenue$3.7B+1.4%
Net income$211.0M-23.0%
EPS (diluted)$0.78-22.0%

Balance sheet

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Cash & equivalents$522.0M+8.1%
Total debt$3.0B-0.1%
Total equity$10.9B+5.6%
Total assets$68.6B+1.8%

Cash flow

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Operating cash flow$393.0M-38.4%
CapEx$13.0M-27.8%
Free cash flow$380.0M-38.7%

Valuation

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Market cap$14.16B+9.9%
Enterprise value$16.61B+7.3%
P/E11.7×-3.0×
P/S0.9×+0.1×

Profitability

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Net margin8.1%+1.9pp
FCF margin14.4%-3.7pp

Returns & leverage

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Return on equity11.5%+2.5pp
Debt / equity0.3×0.0×

Where this comes from

Reported directly by CNA Financial in its filing.

Tagged under the XBRL concept us-gaap:ShortdurationInsuranceContractsHistoricalClaimsDurationYearOne.

The source filing: CNA Financial’s 10-K, filed February 10, 2026.

Filed
Feb 10, 2026, 8:11 AM EST
Fiscal year
FY2025
Accession
0000021175-26-000011
Medical Professional Liability3.6%16.6%21.4%16.7%13.2%9.7%6.1%2.9%1.8%0.4%
Other Professional Liability and Management Liability6.4%19.5%19.8%15.0%11.5%7.3%5.8%4.7%3.5%0.7%
Surety (1)15.2%36.2%12.9%8.4%6.3%9.2%(0.9)%2.6%
Commercial
Commercial Auto22.6%22.5%19.1%15.2%10.7%5.5%2.6%0.9%0.7%
General Liability3.4%12.1%15.5%16.6%14.5%9.8%8.4%5.4%5.4%4.0%
Workers' Compensation17.6%24.2%14.5%8.8%5.8%3.8%2.3%1.2%0.8%
International15.0%22.6%11.3%6.8%5.8%6.5%5.6%2.6%2.8%1.3%

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is CNA Financial's commercial auto — year 1?
CNA Financial (CNA) reported commercial auto — year 1 of 22.6% in Q4 2025.
How has CNA Financial's commercial auto — year 1 changed year-over-year?
CNA Financial's commercial auto — year 1 decreased by 4.6% year-over-year, from 23.7% to 22.6%.
What does commercial auto — year 1 mean?
This metric represents the financial performance or claim development specifically for the first year of the commercial auto insurance policy cycle. It is used to analyze the immediate loss experience of new business vintages. This helps management identify early trends in claim frequency and severity for the most recent underwriting cohort.

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