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CNA Financial CNA Middle Markets — Revenue

Other product segments

Management & Professional Liability
$761M+2.0%
Construction
$501M-1.0%
Other Commercial
$480M+6.7%
Warranty & Alternative Risks
$417M-6.3%
Surety
$191M+1.6%
Europe
$169M+17.4%
Small Business
$151M-3.2%
Canada
$107M+13.8%
Hardy
$101M-4.7%

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CMarkets — Revenue
$7.01B+17.2%

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:Revenues.

The source filing: CNA Financial’s 10-Q, filed May 4, 2026.

Filed
May 4, 2026, 6:22 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000021175-26-000031
Three months ended March 31 / (In millions)20262025
Warranty & Alternative Risks417445
Specialty revenues1,3691,379
Commercial
Middle Market (1)479453
Construction (1)501506
Small Business151156
Other Commercial (1)480450
Commercial revenues1,6111,565

Item 1. Condensed Consolidated Financial Statements

FAQ

What is CNA Financial's middle markets — revenue?
CNA Financial (CNA) reported middle markets — revenue of $479M in Q1 2026.
How has CNA Financial's middle markets — revenue changed year-over-year?
CNA Financial's middle markets — revenue increased by 5.7% year-over-year, from $453M to $479M.
What is the long-term trend for CNA Financial's middle markets — revenue?
Over 4 years (2021 to 2025), CNA Financial's middle markets — revenue has grown at a 6.1% compound annual growth rate (CAGR), from $1.51B to $1.91B.
What does middle markets — revenue mean?
This metric represents the total earned premiums and fee income generated by the company's middle market insurance segment. It reflects the business volume derived from providing commercial property and casualty insurance products tailored to mid-sized organizations. This segment is a primary driver of core underwriting performance and reflects the company's market penetration within the mid-market enterprise sector.

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