CNA Financial (CNA)
Market Price (10/22/2026): $48.35 | Market Cap: $13.1 BilSector: Financials | Industry: Property & Casualty Insurance
CNA Financial (CNA)
Market Price (10/22/2026): $48.35Market Cap: $13.1 BilSector: FinancialsIndustry: Property & Casualty Insurance
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 18%, Dividend Yield is 8.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 12%, FCF Yield is 17% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 15%, CFO LTM is 2.3 Bil, FCF LTM is 2.3 Bil Low stock price volatilityVol 12M is 21% Megatrend and thematic driversMegatrends include Cybersecurity, and AI in Financial Services. Themes include Software Security, Network Security, Show more. | Weak multi-year price returns2Y Excs Rtn is -18%, 3Y Excs Rtn is -26% | Key risksCNA key risks include [1] potential reserve inadequacy driven by significant and unpredictable long-tail liabilities from asbestos and environmental pollution (A&EP) claims. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 18%, Dividend Yield is 8.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 12%, FCF Yield is 17% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 15%, CFO LTM is 2.3 Bil, FCF LTM is 2.3 Bil |
| Low stock price volatilityVol 12M is 21% |
| Megatrend and thematic driversMegatrends include Cybersecurity, and AI in Financial Services. Themes include Software Security, Network Security, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -18%, 3Y Excs Rtn is -26% |
| Key risksCNA key risks include [1] potential reserve inadequacy driven by significant and unpredictable long-tail liabilities from asbestos and environmental pollution (A&EP) claims. |
Qualitative Assessment
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Updated on 10/20/2026
CNA Financial (CNA) stock has remained largely at the same level since 6/30/2026 because of the following key factors:
1. Anticipation of Fiscal Q3 2026 Results and Strong Fiscal Q2 2026 Performance.
CNA Financial's stock movement since June 30, 2026, has been largely level as investors await the company's fiscal Q3 2026 earnings report, scheduled for release before the market opens on November 2, 2026. This anticipation likely created a holding pattern for the stock. This was also influenced by the company's strong fiscal Q2 2026 performance, where it reported an Earnings Per Share (EPS) of $1.19, surpassing the consensus estimate of $1.08 by $0.11, and revenue of $3.83 billion, exceeding analysts' expectations of $2.97 billion.
2. Mixed Analyst Sentiment and Valuation Attractiveness.
Conflicting signals from financial analysts likely contributed to the stock's stability. Bank of America, for example, lowered its price target for CNA to $45 from $49 and maintained an "Underperform/Sell" rating due to concerns regarding casualty reserve deterioration noted in fiscal Q1 2026. Conversely, the stock's valuation metrics, including a Price-to-Earnings (P/E) ratio of approximately 10x earnings, trading near book value, and a dividend yield around 4.3%, may have provided a floor, attracting value-oriented investors and offsetting negative outlooks.
Show more
CNA Financial (CNA) stock has remained largely at the same level since 6/30/2026 because of the following key factors:
1. Anticipation of Fiscal Q3 2026 Results and Strong Fiscal Q2 2026 Performance.
CNA Financial's stock movement since June 30, 2026, has been largely level as investors await the company's fiscal Q3 2026 earnings report, scheduled for release before the market opens on November 2, 2026. This anticipation likely created a holding pattern for the stock. This was also influenced by the company's strong fiscal Q2 2026 performance, where it reported an Earnings Per Share (EPS) of $1.19, surpassing the consensus estimate of $1.08 by $0.11, and revenue of $3.83 billion, exceeding analysts' expectations of $2.97 billion.
2. Mixed Analyst Sentiment and Valuation Attractiveness.
Conflicting signals from financial analysts likely contributed to the stock's stability. Bank of America, for example, lowered its price target for CNA to $45 from $49 and maintained an "Underperform/Sell" rating due to concerns regarding casualty reserve deterioration noted in fiscal Q1 2026. Conversely, the stock's valuation metrics, including a Price-to-Earnings (P/E) ratio of approximately 10x earnings, trading near book value, and a dividend yield around 4.3%, may have provided a floor, attracting value-oriented investors and offsetting negative outlooks.
Show more
Updated on 10/20/2026
CNA Financial (CNA) stock has remained largely at the same level since 6/30/2026 because of the following key factors:
1. Anticipation of Fiscal Q3 2026 Results and Strong Fiscal Q2 2026 Performance.
CNA Financial's stock movement since June 30, 2026, has been largely level as investors await the company's fiscal Q3 2026 earnings report, scheduled for release before the market opens on November 2, 2026. This anticipation likely created a holding pattern for the stock. This was also influenced by the company's strong fiscal Q2 2026 performance, where it reported an Earnings Per Share (EPS) of $1.19, surpassing the consensus estimate of $1.08 by $0.11, and revenue of $3.83 billion, exceeding analysts' expectations of $2.97 billion.
2. Mixed Analyst Sentiment and Valuation Attractiveness.
Conflicting signals from financial analysts likely contributed to the stock's stability. Bank of America, for example, lowered its price target for CNA to $45 from $49 and maintained an "Underperform/Sell" rating due to concerns regarding casualty reserve deterioration noted in fiscal Q1 2026. Conversely, the stock's valuation metrics, including a Price-to-Earnings (P/E) ratio of approximately 10x earnings, trading near book value, and a dividend yield around 4.3%, may have provided a floor, attracting value-oriented investors and offsetting negative outlooks.
3. Divergent Trends in the Commercial Insurance Market.
The broader commercial insurance market presented a mixed picture in fiscal Q3 2026, creating both headwinds and tailwinds for CNA. Global commercial insurance rates declined by an average of 5% in fiscal Q3 2026, marking the ninth consecutive quarter of decreases, primarily driven by strong insurer competition and ample capacity. While property rates notably fell by 10%, the casualty segment, particularly in the U.S., experienced a 1% increase in rates, offsetting some of the pressure from social inflation, rising loss costs, and litigation trends.
4. Reduced Catastrophe Loss Expectations for Fiscal Q3 2026.
Expectations for a less severe hurricane season in the North Atlantic during fiscal Q3 2026 likely played a role in stabilizing investor sentiment for property and casualty insurers. The 2026 Atlantic hurricane forecast projected nine named storms, with four becoming hurricanes and only one reaching major hurricane status (Category 3-5), all of which are below long-term averages. This forecast, driven by a strengthening El Niño, potentially reduced the anticipated financial impact of catastrophe losses for CNA during the period.
Show less
CNA Financial (CNA) stock has remained largely at the same level since 6/30/2026 because of the following key factors:
1. Anticipation of Fiscal Q3 2026 Results and Strong Fiscal Q2 2026 Performance.
CNA Financial's stock movement since June 30, 2026, has been largely level as investors await the company's fiscal Q3 2026 earnings report, scheduled for release before the market opens on November 2, 2026. This anticipation likely created a holding pattern for the stock. This was also influenced by the company's strong fiscal Q2 2026 performance, where it reported an Earnings Per Share (EPS) of $1.19, surpassing the consensus estimate of $1.08 by $0.11, and revenue of $3.83 billion, exceeding analysts' expectations of $2.97 billion.
2. Mixed Analyst Sentiment and Valuation Attractiveness.
Conflicting signals from financial analysts likely contributed to the stock's stability. Bank of America, for example, lowered its price target for CNA to $45 from $49 and maintained an "Underperform/Sell" rating due to concerns regarding casualty reserve deterioration noted in fiscal Q1 2026. Conversely, the stock's valuation metrics, including a Price-to-Earnings (P/E) ratio of approximately 10x earnings, trading near book value, and a dividend yield around 4.3%, may have provided a floor, attracting value-oriented investors and offsetting negative outlooks.
3. Divergent Trends in the Commercial Insurance Market.
The broader commercial insurance market presented a mixed picture in fiscal Q3 2026, creating both headwinds and tailwinds for CNA. Global commercial insurance rates declined by an average of 5% in fiscal Q3 2026, marking the ninth consecutive quarter of decreases, primarily driven by strong insurer competition and ample capacity. While property rates notably fell by 10%, the casualty segment, particularly in the U.S., experienced a 1% increase in rates, offsetting some of the pressure from social inflation, rising loss costs, and litigation trends.
4. Reduced Catastrophe Loss Expectations for Fiscal Q3 2026.
Expectations for a less severe hurricane season in the North Atlantic during fiscal Q3 2026 likely played a role in stabilizing investor sentiment for property and casualty insurers. The 2026 Atlantic hurricane forecast projected nine named storms, with four becoming hurricanes and only one reaching major hurricane status (Category 3-5), all of which are below long-term averages. This forecast, driven by a strengthening El Niño, potentially reduced the anticipated financial impact of catastrophe losses for CNA during the period.
Show less
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Stock Movement Drivers
Fundamental Drivers
The 0.3% change in CNA stock from 6/30/2026 to 10/21/2026 was primarily driven by a 1.2% change in the company's Net Income Margin (%).| (LTM values as of) | 6302026 | 10212026 | Change |
|---|---|---|---|
| Stock Price ($) | 48.15 | 48.32 | 0.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 14,764 | 14,858 | 0.6% |
| Net Income Margin (%) | 8.2% | 8.3% | 1.2% |
| P/E Multiple | 10.7 | 10.6 | -1.5% |
| Shares Outstanding (Mil) | 271 | 271 | 0.1% |
| Cumulative Contribution | 0.3% |
Market Drivers
6/30/2026 to 10/21/2026| Return | Correlation | |
|---|---|---|
| CNA | 0.3% | |
| Market (SPY) | 3.5% | -16.8% |
| Sector (XLF) | 4.5% | 39.5% |
Fundamental Drivers
The 7.4% change in CNA stock from 3/31/2026 to 10/21/2026 was primarily driven by a 10.8% change in the company's P/E Multiple.| (LTM values as of) | 3312026 | 10212026 | Change |
|---|---|---|---|
| Stock Price ($) | 44.99 | 48.32 | 7.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 14,713 | 14,858 | 1.0% |
| Net Income Margin (%) | 8.7% | 8.3% | -4.2% |
| P/E Multiple | 9.5 | 10.6 | 10.8% |
| Shares Outstanding (Mil) | 271 | 271 | 0.1% |
| Cumulative Contribution | 7.4% |
Market Drivers
3/31/2026 to 10/21/2026| Return | Correlation | |
|---|---|---|
| CNA | 7.4% | |
| Market (SPY) | 19.2% | -19.2% |
| Sector (XLF) | 13.9% | 38.8% |
Fundamental Drivers
The 12.8% change in CNA stock from 9/30/2025 to 10/21/2026 was primarily driven by a 36.4% change in the company's Net Income Margin (%).| (LTM values as of) | 9302025 | 10212026 | Change |
|---|---|---|---|
| Stock Price ($) | 42.85 | 48.32 | 12.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 14,371 | 14,858 | 3.4% |
| Net Income Margin (%) | 6.1% | 8.3% | 36.4% |
| P/E Multiple | 13.2 | 10.6 | -20.1% |
| Shares Outstanding (Mil) | 271 | 271 | 0.1% |
| Cumulative Contribution | 12.8% |
Market Drivers
9/30/2025 to 10/21/2026| Return | Correlation | |
|---|---|---|
| CNA | 12.8% | |
| Market (SPY) | 17.0% | -11.1% |
| Sector (XLF) | 5.3% | 38.4% |
Fundamental Drivers
The 56.4% change in CNA stock from 9/30/2023 to 10/21/2026 was primarily driven by a 33.7% change in the company's Net Income Margin (%).| (LTM values as of) | 9302023 | 10212026 | Change |
|---|---|---|---|
| Stock Price ($) | 30.89 | 48.32 | 56.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 12,480 | 14,858 | 19.1% |
| Net Income Margin (%) | 6.2% | 8.3% | 33.7% |
| P/E Multiple | 10.8 | 10.6 | -1.8% |
| Shares Outstanding (Mil) | 271 | 271 | 0.1% |
| Cumulative Contribution | 56.4% |
Market Drivers
9/30/2023 to 10/21/2026| Return | Correlation | |
|---|---|---|
| CNA | 56.4% | |
| Market (SPY) | 87.1% | 20.0% |
| Sector (XLF) | 76.4% | 50.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CNA Return | 19% | 3% | 7% | 24% | 7% | 9% | 89% |
| Peers Return | 33% | 21% | 9% | 26% | 18% | 11% | 190% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 104% |
Monthly Win Rates [3] | |||||||
| CNA Win Rate | 58% | 42% | 75% | 67% | 58% | 60% | |
| Peers Win Rate | 60% | 62% | 60% | 65% | 60% | 48% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| CNA Max Drawdown | -13% | -26% | -17% | -10% | -14% | -18% | |
| Peers Max Drawdown | -13% | -20% | -20% | -13% | -12% | -13% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CB, TRV, AIG, HIG, ACGL. See CNA Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/21/2026 (YTD)
How Low Can It Go
| Event | CNA | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -15.0% | -6.7% |
| % Gain to Breakeven | 17.7% | 7.1% |
| Time to Breakeven | 139 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -13.8% | -24.5% |
| % Gain to Breakeven | 16.1% | 32.4% |
| Time to Breakeven | 32 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.8% | -33.7% |
| % Gain to Breakeven | 74.7% | 50.9% |
| Time to Breakeven | 350 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -23.9% | -12.2% |
| % Gain to Breakeven | 31.4% | 13.9% |
| Time to Breakeven | 244 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -17.6% | -6.8% |
| % Gain to Breakeven | 21.4% | 7.3% |
| Time to Breakeven | 103 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -22.6% | -17.9% |
| % Gain to Breakeven | 29.3% | 21.8% |
| Time to Breakeven | 109 days | 123 days |
In The Past
CNA Financial's stock fell -3.7% during the 2025 US Tariff Shock. Such a loss loss requires a 3.9% gain to breakeven.
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Asset Allocation
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| Event | CNA | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -42.8% | -33.7% |
| % Gain to Breakeven | 74.7% | 50.9% |
| Time to Breakeven | 350 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -23.9% | -12.2% |
| % Gain to Breakeven | 31.4% | 13.9% |
| Time to Breakeven | 244 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -22.6% | -17.9% |
| % Gain to Breakeven | 29.3% | 21.8% |
| Time to Breakeven | 109 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -80.3% | -53.4% |
| % Gain to Breakeven | 407.0% | 114.4% |
| Time to Breakeven | 1425 days | 1085 days |
| Summer 2007 Credit Crunch | ||
| % Loss | -22.3% | -8.6% |
| % Gain to Breakeven | 28.7% | 9.5% |
| Time to Breakeven | 2704 days | 47 days |
In The Past
CNA Financial's stock fell -3.7% during the 2025 US Tariff Shock. Such a loss loss requires a 3.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About CNA Financial (CNA)
CNA Financial Corporation is a commercial property and casualty insurance company primarily serving businesses in the United States. Its core business involves underwriting and providing a broad spectrum of insurance products to help companies manage various risks. The company addresses both "long-tail" exposures, which involve liabilities that may take an extended period to settle such as workers' compensation and professional liability, and "short-tail" exposures like property damage and marine insurance.
CNA's product portfolio is comprehensive, featuring specialized coverages such as professional liability for firms like architects, accountants, and lawyers, as well as directors and officers (D&O) and employment practices liability (EPL) for small to large organizations. It also offers general property insurance (including marine, boiler, and machinery), and casualty insurance products like workers' compensation, commercial auto, general liability, and umbrella coverages. Additionally, CNA provides surety and fidelity bonds, specialized risk management services, and programs tailored for the healthcare industry.
The company distributes its insurance solutions through independent agents, brokers, and general underwriters. Its primary customer base consists of small, medium, and large businesses across a wide array of industries, including marine, oil and gas, construction, manufacturing, life science, financial services, healthcare, and technology. CNA also caters to insurance companies, associations, and various professional groups, aiming to deliver robust risk management and insurance coverage to diverse commercial sectors.
AI Analysis | Feedback
CNA is like Travelers or Chubb, but focused on providing a comprehensive range of commercial property and casualty insurance for businesses and professionals.
Think of CNA as an established business insurer, similar to Travelers or Chubb, providing specialized liability and general property/casualty coverages to companies across various industries.
Think of CNA as an established business insurer, similar to Travelers or Chubb, providing specialized liability and general property/casualty coverages to companies across various industries.
AI Analysis | Feedback
- Professional Liability Insurance: Provides coverage for professional firms, directors and officers, employment practices, fiduciary, fidelity, and specific liabilities for the healthcare industry.
- Surety and Fidelity Bonds: Offers guarantees of performance, payment, or honesty in various commercial and legal contexts.
- Warranty and Alternative Risks Products: Delivers specialized coverage for warranties and manages non-traditional or unique risk exposures.
- Property Insurance: Protects commercial assets including physical property, marine vessels and cargo, and boiler and machinery against damage or loss.
- Casualty Insurance: Includes coverages such as workers' compensation, general and product liability, commercial auto, and umbrella liability.
- Specialized Loss-Sensitive Insurance Programs & Risk Management Services: Provides tailored insurance solutions and comprehensive services for clients with complex risk profiles.
- Run-off Long Term Care Policies: Manages and administers a portfolio of existing long-term care insurance policies that are no longer actively underwritten.
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CNA Financial Corporation (CNA) primarily sells its commercial property and casualty insurance products to other companies and organizations rather than directly to individuals. While the company serves a broad and diverse customer base across numerous industries, specific major customer company names are not publicly disclosed in the provided information. However, based on the description, CNA's clientele can be characterized by the following categories of businesses and entities:
- Professional Service Firms: This includes a wide range of professional practices such as architectural firms, real estate agents, accounting firms, and law firms. CNA also provides specialized coverages for the healthcare industry, serving professional and general liability needs for healthcare providers.
- Small, Medium, and Large Businesses & Organizations: CNA provides comprehensive insurance solutions to a vast array of commercial entities, including small and mid-size firms, public and privately held firms, and not-for-profit organizations. This category covers businesses requiring general property, casualty (e.g., workers' compensation, commercial auto, general liability), and specialized risk management services.
- Businesses in Specific Industry Sectors: The company targets and tailors insurance offerings to businesses operating within specialized industries. These include marine, oil and gas, construction, manufacturing, life science, property management/real estate, financial services, and technology.
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Douglas M. Worman, President and Chief Executive Officer
Doug Worman assumed the role of President and CEO of CNA Financial Corporation on January 1, 2025. He joined CNA in 2017 as Executive Vice President & Chief Underwriting Officer, becoming Global Head of Underwriting in 2022. Prior to joining CNA, Mr. Worman served as CEO of Endurance U.S. Insurance and held executive positions at Alterra Capital Holdings (a Stone Point Capital company) and Sharebridge Underwriting Group. He began his insurance career at AIG, where he eventually became President and CEO of AIG Excess Casualty Group.
Scott Lindquist, Executive Vice President & Chief Financial Officer
Scott Lindquist is the Executive Vice President and Chief Financial Officer, responsible for all aspects of CNA's finance organization, including accounting, financial planning and analysis, capital management, investments, treasury operations, and investor relations. He also has strategic oversight over CNA's Life & Group segment. Mr. Lindquist joined CNA in 2022. Before CNA, he served as CFO of Farmers Group, Inc., Controller of Genworth Financial, and an Audit Partner with PricewaterhouseCoopers' national insurance practice.
David Haas, President Global Specialty
David Haas was appointed President Global Specialty in August 2025, overseeing Financial Lines, Healthcare, Affinity, and Warranty operations. He was already serving in a leadership position at the company prior to this promotion.
Michael A. Nardiello, President Global Property & Casualty
Michael A. Nardiello was appointed President Global Property & Casualty in August 2025. In this role, his responsibilities expanded to include leadership of Casualty alongside his existing oversight of Property and Marine. He was previously in a leadership position at CNA.
Song Kim, President Global Commercial Industry Segments
Song Kim was appointed President Global Commercial Industry Segments in August 2025, with his role expanding to include Construction in addition to his previous responsibilities for Middle Market and Small Business segments. Mr. Kim held a leadership position at CNA prior to this appointment.
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Key Risks to CNA Financial (CNA)
- Catastrophe Risks: CNA Financial is highly vulnerable to material losses arising from natural and man-made disasters, including cyber-attacks and events related to climate change. The unpredictable nature and increasing frequency and severity of these events can lead to substantial claim payouts, significantly impacting the company's financial results and increasing reinsurance costs and reducing its availability.
- Reserve Adequacy and Long-Tail Exposures: The company faces a significant risk that its recorded insurance reserves may prove insufficient to cover its estimated ultimate unpaid liabilities for claims and claim adjustment expenses. This risk is particularly pronounced for long-tail coverages, such as long-term care and workers' compensation, which are highly susceptible to variability from economic and social inflation. Unforeseen emerging claims, changes in legal, judicial, and social environments (like "reviver statutes"), or adverse developments in claims could lead to future reserve increases and re-measurement losses, negatively impacting profitability.
- Market Volatility and Investment Losses: CNA's substantial investment portfolio is exposed to various financial market risks, including fluctuations in interest rates, credit spreads, issuer defaults, equity prices, and foreign currency. Changes in economic conditions, monetary policies, and geopolitical issues can lead to significant realized and unrealized investment losses and volatility in net investment income, thereby materially adversely affecting the company's financial condition and results of operations.
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The emergence of Insurtech companies that utilize advanced data analytics, artificial intelligence, and Internet of Things (IoT) technologies to offer more efficient, personalized, and competitively priced commercial property and casualty insurance solutions. These innovative approaches threaten to disrupt traditional underwriting processes, claims management, and the agent/broker-based distribution channels that CNA Financial currently relies upon.
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CNA Financial Corporation operates primarily in the United States, providing a range of commercial property and casualty insurance products. The addressable markets for its main products and services are significant both in the U.S. and globally:
-
Commercial Property and Casualty (P&C) Insurance:
- The U.S. property and casualty insurance market was valued at approximately USD 1.10 trillion in 2025 and is projected to reach USD 1.33 trillion by 2030, growing at a CAGR of 3.96%.
- Another estimate places the U.S. P&C market size at USD 1.14 trillion in 2026, up from USD 1.10 trillion in 2025, with projections to reach USD 1.39 trillion by 2031.
- The U.S. market is also projected to reach USD 758.71 billion by 2026, with an estimated value of USD 733.03 billion in 2025.
- Specifically, the U.S. commercial insurance market (a component of P&C) reached USD 294.6 billion in 2024 and is expected to grow to USD 489.1 billion by 2033.
-
Professional Liability Insurance:
- The global professional liability insurance market size is estimated at USD 51.42 billion in 2026 and is expected to reach USD 69.23 billion by 2035, with a CAGR of 3.4%.
- North America is a leading region in this market, with the United States alone having over 11 million active policies in 2024.
- Another report indicates the global market was valued at USD 45.6 billion in 2023 and is estimated to reach USD 81.2 billion by 2032, with a CAGR of 6.7%.
- The global market size was estimated at USD 42.82 billion in 2024, with North America accounting for over 40% of the global revenue, or approximately USD 17.13 billion.
-
Directors and Officers (D&O) Liability Insurance:
- The global Directors and Officers Liability Insurance market size was valued at USD 25.21 billion in 2023 and is predicted to reach USD 48.81 billion by 2030, at a CAGR of 9.9%. North America holds the dominant market share.
- Other estimates suggest the global D&O insurance market will grow from $33.69 billion in 2025 to $37.31 billion in 2026, reaching $55.55 billion by 2030.
- In the U.S., direct written premiums for D&O insurance declined to $10.8 billion in 2024 from $11.5 billion in 2023.
-
Surety Bonds:
- The U.S. surety industry writes approximately $7-9 billion in premiums annually.
- The global surety market was estimated at USD 19.14 billion in 2024 and is projected to grow to USD 27.7 billion by 2035. North America is the largest market, representing approximately 60% of the global share.
- Another source states the global surety market was valued at US$ 20.26 billion in 2024 and is projected to reach US$ 31.85 billion by 2031, growing at a CAGR of 6.6%.
- The global surety market saw robust growth in 2024, expanding to $19.62 billion, and is projected to reach around $27 billion by 2030, with North America maintaining 43% of the 2023 market share by region.
-
Workers' Compensation Insurance:
- The market size of the Workers' Compensation Insurance industry in the United States is projected to be $51.2 billion in 2026. Revenue reached $51.2 billion in 2025.
- Total direct premiums written in the U.S. workers' compensation market fell slightly from $58.27 billion in 2023 to $57.48 billion in 2024.
-
Commercial Auto Insurance:
- The market size of Commercial Auto Insurance in the U.S. was $79.3 billion in 2024 and $80.1 billion in 2025.
- The U.S. commercial motor insurance market is projected to expand at a 9.38% CAGR from 2026 to 2031.
- Another estimate indicates the commercial auto insurance market size was valued at USD 52.8 billion in 2023 and is estimated to register a CAGR of over 6% between 2024 and 2032.
- The United States commercial auto insurance marketplace recorded approximately $61.6 billion in direct written premiums in 2024.
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CNA Financial (CNA) is expected to drive future revenue growth over the next 2-3 years through several key areas:
- Growth in Net Written Premiums and New Business Expansion: The company has demonstrated consistent growth in its Property & Casualty (P&C) net written premiums, which increased by 5% for the full year 2025. Additionally, new business expanded by 4% during the same period, and overall retention rates rose to 84%, with new business hitting an all-time high. This indicates a continued ability to attract and retain customers, directly contributing to revenue.
- Increased Net Investment Income: CNA Financial anticipates continued strong performance from its investment portfolio. Net investment income reached a record $2,557 million for the full year 2025, a 2% increase from 2024. This increase is primarily attributed to higher income from fixed income securities, driven by a larger invested asset base and favorable reinvestment rates.
- Disciplined Underwriting and Improved Combined Ratio: While not a direct revenue driver, CNA's focus on disciplined underwriting and its ability to maintain an improved combined ratio enhance profitability, which in turn supports sustainable growth in its insurance operations. The company's underlying combined ratio for P&C has been below 92% for the fifth consecutive year, and its Commercial segment achieved a record-low combined ratio of 90.5%. Management has expressed confidence in entering 2026 with momentum from disciplined underwriting.
- Renewal Premium Change: CNA Financial has consistently achieved renewal premium changes, reporting a 4% change in renewal premiums in Q4 2025, which was consistent with the prior quarter. This indicates the company's ability to implement price increases on renewing policies, thereby contributing to revenue growth, although the market may face some pricing pressures in certain areas.
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Share Repurchases
- CNA Financial repurchased 700,000 shares of common stock at an aggregate cost of $34 million in 2025.
- The company's annual share buybacks were $20 million in 2024 and $24 million in 2023.
- In 2022, CNA Financial executed $39 million in share buybacks, following $18 million in 2021.
Share Issuance
- In 2025, CNA Financial issued $500 million of 5.20% notes due August 15, 2035, and simultaneously repaid $500 million of 4.50% senior notes to optimize its debt profile.
- In 2023, the company issued $100 million of 5.500% Notes due 2033, which combined with a prior issuance, resulted in $500 million aggregate principal amount of these notes outstanding.
Capital Expenditures
- CNA Financial's capital expenditures were reported as $95 million for 2024, $90 million for 2023, and $52 million for 2022.
- The company saw an approximate 6% increase in capital expenditures between 2023 and 2024.
- CNA Financial's capital management includes a focus on efficiency investments and leveraging AI.
Peer Outperformance in Property & Casualty Insurance
CNA has trailed 63% of its 41 Property & Casualty Insurance peers over 5Y. Among the peers that beat it are TRV, WRB and ORI. Property & Casualty Insurance ranks 6th of 18 industries in Financials by median 5Y return.
Share of Property & Casualty Insurance constituents that CNA has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
54%
of 46 industry peers · 14.6% return
3Y
40%
of 43 industry peers · 55.9% return
5Y
37%
of 41 industry peers · 53.9% return
Property & Casualty Insurance peers with revenue growth within 4pp of CNA's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| CNA | CNA Financial | 6.0% | 10.6x | 14.6% | 55.9% | 53.9% | — |
| TRV | Travelers Companies | 7.0% | 9.9x | 50.4% | 159.8% | 173.9% | +120pp |
| WRB | WR Berkley | 8.7% | 15.0x | 1.9% | 90.4% | 140.3% | +86pp |
| ORI | Old Republic International | 8.6% | 8.5x | 4.3% | 83.6% | 124.0% | +70pp |
| ALL | Allstate | 8.8% | 4.8x | 32.1% | 116.6% | 122.9% | +69pp |
| HIG | Hartford Financial Services | 7.2% | 8.5x | 10.5% | 103.7% | 105.6% | +52pp |
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Financials sector, ranked by 5Y. Property & Casualty Insurance is CNA's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Reinsurance | 6 | 29.3% | 70.9% | 117.9% | SPNT 175% · RGA 150% · RNR 149% |
| Diversified Banks | 12 | 28.8% | 148.1% | 90.6% | CM 141% · RY 126% · JPM 124% |
| Life & Health Insurance | 20 | 13.6% | 61.4% | 84.5% | JXN 473% · UNM 291% · MFC 183% |
| Multi-Sector Holdings | 4 | 9.7% | 58.8% | 71.2% | BRK-B 88% · VOYA 54% · JEF 30% |
| Investment Banking & Brokerage | 13 | -12.1% | 102.8% | 70.1% | IBKR 373% · SNEX 176% · GS 151% |
| Property & Casualty Insurance ← | 42 | 13.6% | 80.6% | 63.8% | TRV 174% · PGR 161% · ACGL 146% |
| Multi-line Insurance | 9 | 7.7% | 67.3% | 58.4% | GNW 98% · L 98% · AIZ 87% |
| Regional Banks | 260 | 29.2% | 97.1% | 53.0% | CBC 228% · FCNCA 161% · NIC 138% |
| Financial Exchanges & Data | 15 | 7.8% | 36.5% | 29.9% | CBOE 168% · VIRT 161% · CME 70% |
| Consumer Finance | 30 | -1.3% | 90.3% | 27.5% | ENVA 413% · EZPW 325% · FCFS 154% |
| Insurance Brokers | 15 | -6.3% | 7.3% | 19.4% | LIFE 416% · ARX 88% · AJG 66% |
| Diversified Financial Services | 4 | -4.1% | 22.5% | 5.3% | FRHC 158% · EQH 83% |
| Asset Management & Custody Banks | 84 | -13.7% | 21.9% | 3.0% | WT 296% · AAMI 257% · VCTR 244% |
| Commercial & Residential Mortgage Finance | 15 | -54.2% | 35.1% | -5.8% | FNMA 340% · FMCC 305% · ACT 149% |
| Specialized Finance | 3 | 7.9% | 35.9% | -12.1% | CACC -12% · HASI -22% |
| Mortgage REITs | 34 | -21.7% | -2.9% | -35.1% | RITM 25% · DX 17% · AGNC 6% |
| Transaction & Payment Processing Services | 17 | 0.6% | 8.3% | -36.6% | V 84% · MA 80% · CPAY 47% |
| Diversified Capital Markets | 20 | -53.8% | 13.4% | -63.7% | LPLA 89% · TW 45% · RIOT -52% |
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| CNA Dip Buy Analysis | 07/10/2025 | |
| CNA Financial Total Shareholder Return (TSR): 32.0% in 2024 and 19.4% 3-yr compounded annual returns (above peer average) | 03/07/2025 | |
| CNA Financial (CNA) Operating Cash Flow Comparison | 02/17/2025 | |
| CNA Financial (CNA) Net Income Comparison | 02/15/2025 | |
| CNA Financial vs. S&P500 Correlation | 10/03/2024 | |
| CNA Financial Price Volatility | 09/24/2024 | |
| Fundamental Metrics: ... | 06/19/2024 | |
| Centrica (CNA) Stock Has 56% Chance Of Rise In The Next One Month | 02/13/2023 | |
| Dates Cached For CNA | 10/21/2022 | |
| CNA Financial vs. Large Cap Stocks: Which Is A Better Investment? | 07/04/2022 | |
| ARTICLES | ||
| The 52-Week-High List: 3 Mid Cap Names On Monday | 07/21/2026 | |
| How Will CNA Financial Stock React To Its Upcoming Earnings? | 05/01/2026 |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 118.03 |
| Mkt Cap | 40.2 |
| Rev LTM | 27,644 |
| Op Inc LTM | - |
| FCF LTM | 5,906 |
| FCF 3Y Avg | 5,970 |
| CFO LTM | 5,990 |
| CFO 3Y Avg | 6,076 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 2.2% |
| Rev Chg 3Y Avg | 8.8% |
| Rev Chg Q | 1.6% |
| QoQ Delta Rev Chg LTM | 0.4% |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 21.2% |
| CFO/Rev 3Y Avg | 21.2% |
| FCF/Rev LTM | 21.0% |
| FCF/Rev 3Y Avg | 20.9% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Commercial | 6,502 | 5,920 | 5,221 | 4,441 | 4,199 |
| Specialty | 5,701 | 5,598 | 5,490 | 5,209 | 5,004 |
| International | 1,467 | 1,387 | 1,279 | 1,134 | 1,114 |
| Life & Group | 1,337 | 1,377 | 1,346 | 1,276 | 1,457 |
| Corporate & Other | 74 | 80 | 73 | 24 | 21 |
| Eliminations | -11 | -11 | -11 | -6 | -7 |
| Total | 15,070 | 14,351 | 13,398 | 12,078 | 11,788 |
| $ Mil | 2015 | 2005 | 2004 | 2003 | 2002 |
|---|---|---|---|---|---|
| Specialty | 843 | ||||
| Commercial | 561 | ||||
| International | 58 | ||||
| Corporate & Other Non-Core | -217 | ||||
| Life & Group Non-Core | -629 | ||||
| Corporate | -82 | 78 | -1,202 | -143 | |
| Life Operations | -109 | 59 | 146 | ||
| Specialty Lines | 504 | -220 | |||
| Standard Lines | -141 | -1,543 | |||
| CNA Re | -54 | 87 | |||
| Group Operations | 148 | 157 | |||
| Specialty Operations | 86 | ||||
| Standard lines | 260 | ||||
| Total | 616 | 172 | 78 | -2,812 | 593 |
| $ Mil | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|
| Specialty | 704 | 535 | 671 | 629 | 610 |
| Commercial | 394 | 267 | 489 | 357 | 341 |
| Life & Group | 126 | 9 | -109 | 43 | 50 |
| Net realized investment gains (losses) | 120 | -54 | 29 | -83 | 63 |
| International | 86 | 38 | 30 | -19 | 8 |
| Income tax (expense) benefit on net investment gains (losses) | -24 | 9 | -8 | 6 | -83 |
| Corporate & Other | -204 | -114 | -102 | -165 | -90 |
| Total | 1,202 | 690 | 1,000 | 768 | 899 |
Price Behavior
Price Behavior
| Market Price | $48.32 | |
| Market Cap ($ Bil) | 13.1 | |
| First Trading Date | 07/11/1985 | |
| Distance from 52W High | -11.8% | |
| 50 Days | 200 Days | |
| DMA Price | $47.91 | $46.69 |
| DMA Trend | down | up |
| Distance from DMA | 0.9% | 3.5% |
| 3M | 1YR | |
| Volatility | 19.1% | 20.5% |
| Downside Capture | 49.15 | -18.90 |
| Upside Capture | -3.25 | -0.20 |
| Correlation (S&P 500) | -8.4% | -10.4% |
CNA Betas & Captures as of 9/30/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.43 | 0.27 | -0.28 | -0.34 | -0.16 | 0.27 |
| Up Beta | 0.12 | 0.43 | -0.66 | -0.04 | -0.03 | 0.42 |
| Down Beta | -0.83 | -0.47 | -0.46 | -1.24 | -0.45 | 0.30 |
| Up Capture | 15% | -18% | -25% | -12% | -3% | 6% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 8 | 15 | 28 | 61 | 128 | 398 |
| Down Capture | 157% | 124% | 12% | -29% | -21% | 23% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 14 | 27 | 36 | 64 | 122 | 350 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CNA | |
|---|---|---|---|---|
| CNA | 15.0% | 20.5% | 0.57 | - |
| Sector ETF (XLF) | 7.5% | 14.4% | 0.27 | 38.2% |
| Equity (SPY) | 16.2% | 12.7% | 0.90 | -10.8% |
| Gold (GLD) | -6.0% | 29.0% | -0.22 | -6.7% |
| Commodities (DBC) | 50.2% | 20.7% | 1.85 | -16.1% |
| Real Estate (VNQ) | 3.1% | 13.8% | -0.03 | 39.1% |
| Bitcoin (BTCUSD) | -25.3% | 43.4% | -0.55 | -5.7% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CNA | |
|---|---|---|---|---|
| CNA | 9.6% | 21.5% | 0.35 | - |
| Sector ETF (XLF) | 9.7% | 18.3% | 0.39 | 60.4% |
| Equity (SPY) | 13.6% | 17.1% | 0.61 | 35.7% |
| Gold (GLD) | 17.7% | 18.9% | 0.76 | -1.2% |
| Commodities (DBC) | 9.5% | 19.5% | 0.37 | 5.7% |
| Real Estate (VNQ) | 1.1% | 18.9% | -0.05 | 43.4% |
| Bitcoin (BTCUSD) | 7.6% | 51.7% | 0.33 | 9.6% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CNA | |
|---|---|---|---|---|
| CNA | 10.9% | 24.9% | 0.43 | - |
| Sector ETF (XLF) | 13.1% | 22.1% | 0.54 | 70.7% |
| Equity (SPY) | 15.5% | 17.9% | 0.73 | 54.3% |
| Gold (GLD) | 12.2% | 16.4% | 0.61 | -1.3% |
| Commodities (DBC) | 8.2% | 18.1% | 0.37 | 17.0% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.21 | 55.8% |
| Bitcoin (BTCUSD) | 62.6% | 66.2% | 1.02 | 13.1% |
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Earnings Returns History
Updated 9/3/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/3/2026 | 2.1% | -0.9% | -6.6% |
| 5/4/2026 | -8.0% | -9.4% | -11.1% |
| 2/9/2026 | -1.4% | -2.3% | 0.4% |
| 11/3/2025 | -1.1% | 1.5% | 4.3% |
| 8/4/2025 | 4.0% | 7.1% | 12.7% |
| 5/5/2025 | -0.6% | 0.1% | 0.2% |
| 2/10/2025 | 1.2% | -0.7% | 2.7% |
| 10/21/2024 | -0.6% | -1.4% | -1.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 17 | 15 |
| # Negative | 11 | 7 | 9 |
| Median Positive | 2.1% | 2.2% | 4.3% |
| Median Negative | -1.1% | -2.3% | -3.9% |
| Max Positive | 7.2% | 9.3% | 19.9% |
| Max Negative | -8.0% | -9.4% | -11.1% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/3/2026 | 2.1% | -0.9% | -6.6% |
| 5/4/2026 | -8.0% | -9.4% | -11.1% |
| 2/9/2026 | -1.4% | -2.3% | 0.4% |
| 11/3/2025 | -1.1% | 1.5% | 4.3% |
| 8/4/2025 | 4.0% | 7.1% | 12.7% |
| 5/5/2025 | -0.6% | 0.1% | 0.2% |
| 2/10/2025 | 1.2% | -0.7% | 2.7% |
| 10/21/2024 | -0.6% | -1.4% | -1.5% |
| 7/29/2024 | 1.5% | 0.8% | 6.6% |
| 5/6/2024 | 0.3% | 1.2% | 2.4% |
| 2/5/2024 | 7.2% | 6.0% | 6.7% |
| 10/30/2023 | -0.8% | 1.3% | 6.0% |
| 7/31/2023 | -2.0% | 4.8% | -1.0% |
| 5/1/2023 | 0.4% | 2.6% | -3.9% |
| 2/6/2023 | 2.2% | 6.0% | 5.9% |
| 10/31/2022 | -1.0% | 0.3% | 1.7% |
| 8/1/2022 | -3.0% | -5.7% | -5.9% |
| 5/2/2022 | -5.4% | -4.0% | -2.5% |
| 2/7/2022 | 0.0% | 1.1% | -2.5% |
| 11/1/2021 | 2.6% | 2.2% | -6.4% |
| 8/2/2021 | -0.5% | 0.6% | 0.8% |
| 5/3/2021 | 1.6% | 3.0% | 3.1% |
| 2/8/2021 | 4.7% | 6.0% | 13.5% |
| 11/2/2020 | 6.3% | 9.3% | 19.9% |
| SUMMARY STATS | |||
| # Positive | 13 | 17 | 15 |
| # Negative | 11 | 7 | 9 |
| Median Positive | 2.1% | 2.2% | 4.3% |
| Median Negative | -1.1% | -2.3% | -3.9% |
| Max Positive | 7.2% | 9.3% | 19.9% |
| Max Negative | -8.0% | -9.4% | -11.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/03/2026 | 10-Q |
| 03/31/2026 | 05/04/2026 | 10-Q |
| 12/31/2025 | 02/10/2026 | 10-K |
| 09/30/2025 | 11/03/2025 | 10-Q |
| 06/30/2025 | 08/04/2025 | 10-Q |
| 03/31/2025 | 05/05/2025 | 10-Q |
| 12/31/2024 | 02/11/2025 | 10-K |
| 09/30/2024 | 11/04/2024 | 10-Q |
| 06/30/2024 | 07/29/2024 | 10-Q |
| 03/31/2024 | 05/06/2024 | 10-Q |
| 12/31/2023 | 02/06/2024 | 10-K |
| 09/30/2023 | 10/30/2023 | 10-Q |
| 06/30/2023 | 07/31/2023 | 10-Q |
| 03/31/2023 | 05/01/2023 | 10-Q |
| 12/31/2022 | 02/07/2023 | 10-K |
| 09/30/2022 | 10/31/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/03/2026 | 10-Q |
| 03/31/2026 | 05/04/2026 | 10-Q |
| 12/31/2025 | 02/10/2026 | 10-K |
| 09/30/2025 | 11/03/2025 | 10-Q |
| 06/30/2025 | 08/04/2025 | 10-Q |
| 03/31/2025 | 05/05/2025 | 10-Q |
| 12/31/2024 | 02/11/2025 | 10-K |
| 09/30/2024 | 11/04/2024 | 10-Q |
| 06/30/2024 | 07/29/2024 | 10-Q |
| 03/31/2024 | 05/06/2024 | 10-Q |
| 12/31/2023 | 02/06/2024 | 10-K |
| 09/30/2023 | 10/30/2023 | 10-Q |
| 06/30/2023 | 07/31/2023 | 10-Q |
| 03/31/2023 | 05/01/2023 | 10-Q |
| 12/31/2022 | 02/07/2023 | 10-K |
| 09/30/2022 | 10/31/2022 | 10-Q |
| 06/30/2022 | 08/01/2022 | 10-Q |
| 03/31/2022 | 05/02/2022 | 10-Q |
| 12/31/2021 | 02/08/2022 | 10-K |
| 09/30/2021 | 11/01/2021 | 10-Q |
| 06/30/2021 | 08/02/2021 | 10-Q |
| 03/31/2021 | 05/07/2021 | 10-Q |
| 12/31/2020 | 02/09/2021 | 10-K |
| 09/30/2020 | 11/02/2020 | 10-Q |
| 06/30/2020 | 08/03/2020 | 10-Q |
| 03/31/2020 | 05/04/2020 | 10-Q |
| 12/31/2019 | 02/11/2020 | 10-K |
| 09/30/2019 | 10/28/2019 | 10-Q |
Insider Activity
Updated 8/5/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | James, Mark Steven | EVP, Chief Risk & Rein Off | Direct | Sell | 8052026 | 53.15 | 8,273 | 439,710 | 1,405,605 | Form |
| 2 | Franzetti, Daniel Paul | EVP & CAO | Direct | Sell | 8042026 | 53.09 | 22,656 | 1,202,807 | 3,611,819 | Form |
| 3 | Neuenschwander, Jeffrey John | SVP & General Counsel | Direct | Sell | 3202026 | 45.97 | 3,287 | 151,103 | 334,524 | Form |
| 4 | Robusto, Dino | Executive Chairman | Direct | Sell | 1062026 | 47.62 | 6,250 | 297,625 | 31,516,728 | Form |
| 5 | Robusto, Dino | Executive Chairman | Direct | Sell | 12012025 | 46.92 | 6,250 | 293,250 | 31,346,692 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | James, Mark Steven | EVP, Chief Risk & Rein Off | Direct | Sell | 8052026 | 53.15 | 8,273 | 439,710 | 1,405,605 | Form |
| 2 | Franzetti, Daniel Paul | EVP & CAO | Direct | Sell | 8042026 | 53.09 | 22,656 | 1,202,807 | 3,611,819 | Form |
| 3 | Neuenschwander, Jeffrey John | SVP & General Counsel | Direct | Sell | 3202026 | 45.97 | 3,287 | 151,103 | 334,524 | Form |
| 4 | Robusto, Dino | Executive Chairman | Direct | Sell | 1062026 | 47.62 | 6,250 | 297,625 | 31,516,728 | Form |
| 5 | Robusto, Dino | Executive Chairman | Direct | Sell | 12012025 | 46.92 | 6,250 | 293,250 | 31,346,692 | Form |
| 6 | Robusto, Dino | Executive Chairman | Direct | Sell | 11032025 | 45.28 | 6,250 | 283,000 | 30,534,027 | Form |
| 7 | Robusto, Dino | Executive Chairman | Direct | Sell | 10012025 | 46.25 | 6,250 | 289,062 | 31,477,198 | Form |
| 8 | Lindquist, Scott R | EVP & CFO | Direct | Sell | 9052025 | 48.98 | 8,380 | 410,452 | 3,991,233 | Form |
| 9 | Lindquist, Scott R | EVP & CFO | Direct | Sell | 9052025 | 48.81 | 10,000 | 488,100 | 4,386,408 | Form |
| 10 | Robusto, Dino | Executive Chairman | Direct | Sell | 9022025 | 49.00 | 6,250 | 306,250 | 33,655,065 | Form |
| 11 | Robusto, Dino | Executive Chairman | Direct | Sell | 8042025 | 45.00 | 6,250 | 281,250 | 31,188,963 | Form |
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Property & Casualty Insurance Resources |
| Insurance Journal |
| Business Insurance |
| PropertyCasualty360 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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