CNA Financial (CNA) financial statements
CNA Financial reported revenue of $1.6B in fiscal 2025, up 17.8% a year over 9 years.
Net income was $1.3B and the operating margin -747.7%, against -2179.5% in 2016.
Free cash flow was $2.4B, and the company returned $1.0B in dividends and $34M in net buybacks.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from CNA Financial's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $361M | $390M | $1.0B | $1.2B | $1.3B | $1.4B | $1.6B | $1.6B | $1.6B | $1.6B |
| Operating income | -$7.9B | -$7.8B | -$8.2B | -$8.4B | -$8.7B | -$9.0B | -$9.5B | -$10.2B | -$11.4B | -$11.8B |
| Interest expense | $159M | $161M | $138M | $131M | $122M | $113M | $112M | $127M | $133M | $135M |
| Pre-tax income | $1.1B | $1.3B | $964M | $1.2B | $821M | $1.5B | $814M | $1.5B | $1.2B | $1.6B |
| Income tax | $278M | $411M | $151M | $223M | $131M | $278M | $132M | $313M | $252M | $342M |
| Net income | $859M | $899M | $813M | $1.0B | $690M | $1.2B | $682M | $1.2B | $959M | $1.3B |
| EPS (diluted) | $3.17 | $3.30 | $2.98 | $3.67 | $2.53 | $4.34 | $2.51 | $4.43 | $3.52 | $4.69 |
| Diluted shares | 271M | 272M | 272M | 272M | 272M | 273M | 272M | 272M | 273M | 272M |
| Operating margin | -2179.5% | -2010.8% | -810.6% | -722.0% | -697.7% | -630.5% | -603.0% | -625.4% | -711.6% | -747.7% |
| Net margin | 238.0% | 230.5% | 80.7% | 86.1% | 55.1% | 82.8% | 43.3% | 74.2% | 59.6% | 81.0% |
Balance sheet
Fiscal years, from CNA Financial's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $1.7B | $1.8B | $1.6B | $2.1B | $419M | $536M | $475M | $345M | $472M | $425M |
| Receivables | $2.2B | $2.3B | $2.3B | $2.4B | $2.6B | $2.9B | $3.2B | $3.4B | $3.7B | $3.7B |
| Property, plant and equipment | $310M | $326M | $324M | $282M | $252M | $226M | $226M | $253M | $295M | $282M |
| Goodwill | $145M | $148M | $146M | $147M | $148M | $148M | $144M | $146M | $145M | $148M |
| Total assets | $55.2B | $56.6B | $57.2B | $60.6B | $64.0B | $66.6B | $61.0B | $64.7B | $66.5B | $69.4B |
| Long-term debt | $2.7B | $2.7B | $2.7B | $2.7B | $2.8B | $2.8B | $2.5B | $2.5B | $3.0B | $3.0B |
| Total liabilities | $43.3B | $44.3B | $45.9B | $48.4B | $51.3B | $53.8B | $52.5B | $54.8B | $56.0B | $57.8B |
| Shareholders' equity | $12.0B | $12.2B | $11.2B | $12.2B | $12.7B | $11.1B | $8.5B | $9.9B | $10.5B | $11.6B |
| Net debt | $2.4B | $2.5B | $2.4B | $2.4B | $2.4B | $2.2B | $2.1B | $2.1B | $2.5B | $2.5B |
Cash flow
Fiscal years, from CNA Financial's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.4B | $1.3B | $1.2B | $1.1B | $1.8B | $2.0B | $2.5B | $2.3B | $2.6B | $2.5B |
| Capital spending | $146M | $102M | $99M | $26M | $23M | $26M | $52M | $90M | $95M | $86M |
| Free cash flow | $1.3B | $1.2B | $1.1B | $1.1B | $1.8B | $2.0B | $2.5B | $2.2B | $2.5B | $2.4B |
| Stock-based compensation | $36M | $36M | $32M | $34M | $37M | $32M | $36M | $38M | $42M | $41M |
| Dividends paid | $813M | $842M | $896M | $929M | $950M | $621M | $982M | $787M | $1.0B | $1.0B |
| Share buybacks (net) | — | $0 | $0 | -$23M | -$18M | -$18M | -$39M | -$24M | -$20M | -$34M |
| Net borrowing | $140M | $105M | -$180M | -$24M | $76M | $0 | $0 | $248M | -$60M | -$5M |
| Free cash flow margin | 351.8% | 295.4% | 112.0% | 96.0% | 139.9% | 137.8% | 155.7% | 135.2% | 153.9% | 152.4% |
| Dividends per share | $3.00 | $3.09 | $3.29 | $3.41 | $3.49 | $2.28 | $3.60 | $2.89 | $3.76 | $3.84 |
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Open CNA in InvestinglyQuestions
What was CNA Financial's revenue in 2025?
$1.6B in fiscal 2025, from its 10-K filing.
How much free cash flow does CNA Financial generate?
$2.4B in fiscal 2025 (operating cash flow minus capital spending).
From CNA Financial's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.