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CNA Financial CNA Property and casualty — Ceded

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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:CededPremiumsEarned.

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
(In millions)DirectAssumedCededNetAssumed/Net %
2025 Earned Premiums
Property and casualty$14,974$253$4,750$10,4772.4%
Long-term care383404239.5%
Total earned premiums$15,357$293$4,750$10,9002.7%
2024 Earned Premiums
Property and casualty$14,629$252$5,107$9,7742.6%
Long-term care396414379.4%
Total earned premiums$15,025$293$5,107$10,2112.9%

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is CNA Financial's property and casualty — ceded?
CNA Financial (CNA) reported property and casualty — ceded of $1.19B in Q4 2025.
How has CNA Financial's property and casualty — ceded changed year-over-year?
CNA Financial's property and casualty — ceded decreased by 7.0% year-over-year, from $1.28B to $1.19B.
What is the long-term trend for CNA Financial's property and casualty — ceded?
Over 4 years (2021 to 2025), CNA Financial's property and casualty — ceded has grown at a -1.8% compound annual growth rate (CAGR), from $5.11B to $4.75B.
What does property and casualty — ceded mean?
Represents the portion of premiums that the company pays to reinsurers to transfer a portion of its underwriting risk. This is a critical risk management tool used to protect the balance sheet against large losses or catastrophic events.

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