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CNA Financial CNA General Liability — Year 4

Other product segments

Surety
8.4%+3.7%

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32%-1.4pp
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25.8%-1.0pp
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LTR
LTRGeneral liability — Short-duration Insurance Contracts, Historical Claims Duration, Year Four

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$12.04B-9.7%
Enterprise value$14.49B-8.4%
P/E9.9×-5.0×
P/S0.8×-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:ShortdurationInsuranceContractsHistoricalClaimsDurationYearFour.

The official record: CNA Financial’s 10-K, filed February 10, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is CNA Financial's general liability — year 4?
CNA Financial (CNA) reported general liability — year 4 of 16.6% in Q4 2025.
How has CNA Financial's general liability — year 4 changed year-over-year?
CNA Financial's general liability — year 4 decreased by 1.2% year-over-year, from 16.8% to 16.6%.
What does general liability — year 4 mean?
The claim development data for the fourth year after the insurance policy was issued.
How do you interpret general liability — year 4?
Minimal development at this stage indicates that the reserves established in earlier years were highly accurate.
How does general liability — year 4 compare across companies?
Standard 'Age 4' or 'Development Year 4' data point in actuarial loss triangles across the insurance industry.