What is CNA Financial's workers' compensation — year 4?

CNA Financial (CNA) reported workers' compensation — year 4 of 8.8% in Q4 2025.

How has CNA Financial's workers' compensation — year 4 changed year-over-year?

CNA Financial's workers' compensation — year 4 decreased by 0.0% year-over-year, from 8.8% to 8.8%.

What does workers' compensation — year 4 mean?

The fourth year of claim development data for a specific accident year.

How do you interpret workers' compensation — year 4?

Minimal development at this stage indicates high confidence in the ultimate loss projections for that accident year.

How does workers' compensation — year 4 compare across companies?

Standard column in insurance loss development triangles.

CNA Financial CNA Workers' Compensation — Year 4

Other product segments

Surety

8.4%+3.7%

Similar metrics at other companies

HIGWorkers' Compensation — 4th Year

8.3%+0.2pp

WRBWorkers' compensation — Average annual percentage payout of incurred claims by age, net of reinsurance, Year 4

9.2%+0.1pp

CBNorth America Commercial P&C Insurance - Workers' Compensation — Short-duration Insurance Contracts, Historical Claims Duration, Year Four

7%0.0pp

AIGU.S. Workers' Compensation (before discount) — Year 4 (as a percent)

7.7%+0.2pp

LTR

LTRWorkers Compensation — Shortduration Insurance Contracts Historical Claims Duration Year Four

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LTR

LTRWorkers’ compensation — Short-duration Insurance Contracts, Historical Claims Duration, Year Four

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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:ShortdurationInsuranceContractsHistoricalClaimsDurationYearFour.

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 workers' compensation — year 4?: CNA Financial (CNA) reported workers' compensation — year 4 of 8.8% in Q4 2025.
How has CNA Financial's workers' compensation — year 4 changed year-over-year?: CNA Financial's workers' compensation — year 4 decreased by 0.0% year-over-year, from 8.8% to 8.8%.
What does workers' compensation — year 4 mean?: The fourth year of claim development data for a specific accident year.
How do you interpret workers' compensation — year 4?: Minimal development at this stage indicates high confidence in the ultimate loss projections for that accident year.
How does workers' compensation — year 4 compare across companies?: Standard column in insurance loss development triangles.