What is CNA Financial's surety — year 3?

CNA Financial (CNA) reported surety — year 3 of 12.9% in Q4 2025.

How has CNA Financial's surety — year 3 changed year-over-year?

CNA Financial's surety — year 3 decreased by 21.3% year-over-year, from 16.4% to 12.9%.

What does surety — year 3 mean?

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

How do you interpret surety — year 3?

Consistent development patterns at this stage suggest a mature and predictable claims environment.

How does surety — year 3 compare across companies?

Standard 'age 3' development factor in insurance loss triangle disclosures.

CNA Financial CNA Surety — Year 3

Similar metrics at other companies

HIGSurety Product Line — 3rd Year

11.8%+0.8pp

EGCasualty Insurance — Year three

25.9%—

ACGLProperty excluding property catastrophe — Year Three

14.5%-0.2pp

ACGLSurety — Prior years

-$6M—

LTR

LTRSurety — Shortduration Insurance Contracts Historical Claims Duration Year Three

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LTR

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

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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:ShortdurationInsuranceContractsHistoricalClaimsDurationYearThree.

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 3?: CNA Financial (CNA) reported surety — year 3 of 12.9% in Q4 2025.
How has CNA Financial's surety — year 3 changed year-over-year?: CNA Financial's surety — year 3 decreased by 21.3% year-over-year, from 16.4% to 12.9%.
What does surety — year 3 mean?: The change in estimated claim costs during the third year after the accident year.
How do you interpret surety — year 3?: Consistent development patterns at this stage suggest a mature and predictable claims environment.
How does surety — year 3 compare across companies?: Standard 'age 3' development factor in insurance loss triangle disclosures.