C.N.A. Financial (CNA)
Specialized commercial insurer spanning professional liability, middle-market coverage, and international property and casualty.
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Sells commercial property-and-casualty insurance through Specialty, Commercial, and International operations, using brokers and agents to reach U.S. and overseas customers. Underwriting discipline shapes growth, while retained run-off exposures and Loews's controlling ownership remain structural features.
Provides commercial property-and-casualty insurance through Specialty, Commercial, and International. Specialty focuses on management and professional liability, while Commercial serves small businesses, construction, and middle-market customers; International extends coverage beyond the domestic operation, including through Lloyd's.
Distributes through brokers, independent agents, and managing general underwriters. Specialized underwriting, pricing discipline, broker relationships, talent, and technology shape execution, with selective growth favored over volume in difficult markets.
Life & Group and Corporate & Other mainly hold retained or run-off exposures. Results depend on catastrophe exposure, long-tail reserving, regulation, cyber resilience, and finite reinsurance protection on legacy asbestos and environmental liabilities. Loews owns most shares and controls shareholder decisions.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
No analyst notes in the last 24 months.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $2.06B · Total debt $2.97B · Total assets $69.87B · Shareholders' equity $11.19B
- Revenue
- $3.83B
- Operating income
- $438.0M
- Net income
- $321.0M
HistoryDividendAnnual yield
| Institutions | ≈ 100.87% | 272.96M shares | |
|---|---|---|---|
| 317 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.51% | 1.38M shares | |
| 11 holders · as of Aug 5, 2026 | |||
| Adds to | 101.38% | ||
270.60M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 101.38%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Loews CorpInstitution | 91.80% | 248.41M | as of Jun 30, 2026 |
AQR Capital Management LLCInstitution | 1.04% | 2.83M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 0.61% | 1.65M | as of Jun 30, 2026 |
First Trust Advisors LPInstitution | 0.39% | 1.04M | as of Jun 30, 2026 |
Morgan StanleyInstitution | 0.36% | 975,788 | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 4, 2026 | Mark Steven James | officer: EVP, Chief Risk & Rein Off | −8,273 | $53.15 |
| Aug 4, 2026 | Daniel Paul Franzetti | officer: EVP & CAO | −22,656 | $53.09 |
| Mar 19, 2026 | Jeffrey John Neuenschwander | officer: SVP & General Counsel | −3,287 | $45.97 |
| Jan 2, 2026 | Dino Robusto | director, officer: Executive Chairman | −6,250 | $47.62 |
| Dec 1, 2025 | Dino Robusto | director, officer: Executive Chairman | −6,250 | $46.92 |
- Chubb
Broad overlap in commercial, specialty, E&S, and international P&C
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Direct overlap in middle-market, small-business, construction, and surety
- The Hartford
Strong overlap in small commercial, middle market, and specialty liability
- American International Group
Global overlap in commercial casualty, financial lines, and property risks
- W. R. Berkley
Specialty commercial rival across E&S, admitted, and international lines
- Arch Capital Group
Selective overlap in E&S casualty, professional lines, and specialty property
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| C.N.A. Financial | $47.88 | +0.86% | $12.85B | 10.4 | 10.3 | 0.9 | +3.0% |
| Chubb | $338.30 | +0.75% | $129.54B | 11.8 | 12.1 | 2.1 | −1.3% |
| Travelers | $366.03 | +1.11% | $75.51B | 9.7 | 12.2 | 1.5 | −4.8% |
| The Hartford | $129.06 | +0.25% | $35.29B | 8.4 | 9.9 | 1.2 | +4.0% |
| American International Group | $76.05 | +1.16% | $39.86B | 13.7 | 9.1 | 1.5 | +0.8% |
| W. R. Berkley | $68.49 | +0.47% | $25.38B | 14.0 | 14.5 | 1.4 | +1.2% |
| Arch Capital Group | $95.45 | +0.53% | $33.17B | 7.4 | 10.1 | 1.7 | −22.3% |
| Median | 10.8 | 11.1 | 1.5 | −0.3% |