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CNA Financial CNA General Liability — Year 2

Other product segments

Surety
36.2%-11.7%

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10.4%
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UFCSCommercial other liability — Year 2
14.1%-0.6pp
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KGCommercial Auto Liability — Year 2
17.6%
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7.1%
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KMPRCommercial Automobile Insurance—Liability — Year 2
46.6%-5.5pp

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:ShortdurationInsuranceContractsHistoricalClaimsDurationYearTwo.

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 general liability — year 2?
CNA Financial (CNA) reported general liability — year 2 of 12.1% in Q4 2025.
How has CNA Financial's general liability — year 2 changed year-over-year?
CNA Financial's general liability — year 2 decreased by 3.2% year-over-year, from 12.5% to 12.1%.
What does general liability — year 2 mean?
This metric represents the development or claim activity for the second year following the accident year within the General Liability segment. It allows for the refinement of initial loss estimates as more claims are reported and initial investigations are completed. It is a critical milestone for assessing the maturity of the underwriting year.

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