What is CNA Financial's commercial auto — year 3?

CNA Financial (CNA) reported commercial auto — year 3 of 19.1% in Q4 2025.

How has CNA Financial's commercial auto — year 3 changed year-over-year?

CNA Financial's commercial auto — year 3 increased by 3.8% year-over-year, from 18.4% to 19.1%.

What does commercial auto — year 3 mean?

This metric measures the financial performance or claim development for the third year of commercial auto insurance policies. By the third year, a significant portion of claims are typically settled, making this a key indicator for reserve stability. It helps validate the long-term accuracy of the company's underwriting models.

CNA Financial (CNA) Commercial Auto — Year 3

Screener

Other product segments

Surety

12.9%-21.3%

Similar metrics at other companies

KGCommercial Auto Liability — Year 3

18.7%—

HGTYAuto — Year 3

6.5%+0.3pp

UFCSCommercial automobile — Year 3

17.3%+0.4pp

ORICommercial Automobile — Year 3

16.4%+0.4pp

UFCSCommercial other liability — Year 3

14.1%-0.7pp

UFCSCommercial workers' compensation — Year 3

13.8%-0.7pp

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:ShortdurationInsuranceContractsHistoricalClaimsDurationYearThree.

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 Liability	3.6%	16.6%	21.4%	16.7%	13.2%	9.7%	6.1%	2.9%	1.8%	0.4%
Other Professional Liability and Management Liability	6.4%	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 Auto	22.6%	22.5%	19.1%	15.2%	10.7%	5.5%	2.6%	0.9%	0.7%	—
General Liability	3.4%	12.1%	15.5%	16.6%	14.5%	9.8%	8.4%	5.4%	5.4%	4.0%
Workers' Compensation	17.6%	24.2%	14.5%	8.8%	5.8%	3.8%	2.3%	1.2%	0.8%	—
International	15.0%	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 3?: CNA Financial (CNA) reported commercial auto — year 3 of 19.1% in Q4 2025.
How has CNA Financial's commercial auto — year 3 changed year-over-year?: CNA Financial's commercial auto — year 3 increased by 3.8% year-over-year, from 18.4% to 19.1%.
What does commercial auto — year 3 mean?: This metric measures the financial performance or claim development for the third year of commercial auto insurance policies. By the third year, a significant portion of claims are typically settled, making this a key indicator for reserve stability. It helps validate the long-term accuracy of the company's underwriting models.