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CNA Financial CNA Surety — Surety

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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 cna:NetPriorYearClaimAndAllocatedClaimAdjustmentExpenseReserveDevelopmentSurety.

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
Years ended December 31 / (In millions)202520242023
Pretax (favorable) unfavorable development:
Medical Professional Liability$(8)$5
Other Professional Liability and Management Liability694937
Surety(50)(68)(43)
Warranty1020(11)
Other8(2)(2)
Total pretax (favorable) unfavorable development$37$(9)$(14)

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is CNA Financial's surety — surety?
CNA Financial (CNA) reported surety — surety of -$12.5M in Q4 2025.
How has CNA Financial's surety — surety changed year-over-year?
CNA Financial's surety — surety increased by 26.5% year-over-year, from -$17M to -$12.5M.
What is the long-term trend for CNA Financial's surety — surety?
Over 4 years (2021 to 2025), CNA Financial's surety — surety has grown at a -9.0% compound annual growth rate (CAGR), from -$73M to -$50M.
What does surety — surety mean?
This represents the total financial performance or specific activity metric for the surety insurance segment, which provides bonds to guarantee the performance of contractual obligations. It serves as a high-level indicator of the segment's contribution to the overall business. This metric aggregates the underwriting results and operational performance of the surety product line.

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