What is CNA Financial's surety — year 1?

CNA Financial (CNA) reported surety — year 1 of 15.2% in Q4 2025.

How has CNA Financial's surety — year 1 changed year-over-year?

CNA Financial's surety — year 1 decreased by 12.1% year-over-year, from 17.3% to 15.2%.

What does surety — year 1 mean?

The change in estimated claim costs during the first year after the accident year.

How do you interpret surety — year 1?

Lower development in the first year suggests that initial pricing and reserve setting were accurate or conservative.

How does surety — year 1 compare across companies?

Standard 'age 1' development factor in insurance loss triangle disclosures.

CNA Financial CNA Surety — Year 1

Similar metrics at other companies

HIGSurety Product Line — 1st Year

10.2%-0.9pp

ACGLSurety — Prior years

-$6M—

EGCasualty Insurance — Year one

15.1%—

LTR

LTRSurety — Short-duration Insurance Contracts, Historical Claims Duration, Year One

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LTR

LTRSurety — Shortduration Insurance Contracts Historical Claims Duration Year One

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LTR

LTRCna Financial Corporation — Net Prior Year Claim And Allocated Claim Adjustment Expense 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$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:ShortdurationInsuranceContractsHistoricalClaimsDurationYearOne.

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 surety — year 1?: CNA Financial (CNA) reported surety — year 1 of 15.2% in Q4 2025.
How has CNA Financial's surety — year 1 changed year-over-year?: CNA Financial's surety — year 1 decreased by 12.1% year-over-year, from 17.3% to 15.2%.
What does surety — year 1 mean?: The change in estimated claim costs during the first year after the accident year.
How do you interpret surety — year 1?: Lower development in the first year suggests that initial pricing and reserve setting were accurate or conservative.
How does surety — year 1 compare across companies?: Standard 'age 1' development factor in insurance loss triangle disclosures.