CNA Financial (CNA) Stock Analysis

November 11, 2026

This is a peer-relative look at CNA Financial (CNA): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Insurance peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for CNA Financial (CNA)
Profile Item	CNA
Name	CNA Financial Corporation Common Stock
Country/Region	United States
GICS Sector	Financials
GICS Industry Group	Insurance
GICS Industry	Insurance
GICS Sub-Industry	Property & Casualty Insurance
Market Capitalization	12.81 billion USD
Currency	USD
Exchange	NYSE
Listing Date	February 21, 1973
Security Type	Common Stock

Price Performance

Cumulative Growth

CNA

GSPC

CNA Financial (CNA) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for CNA Financial (CNA) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for CNA Financial (CNA) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

CNA Financial (CNA) metric values compared with Insurance industry-group medians
Metric	Current stock: CNA	Industry group median
Total Return (1Y)	13.42%	13.21%
Total Return (3Y, Annualized)	15.22%	16.41%
Total Return (5Y, Annualized)	9.00%	10.37%

Risk Profile

Drawdown History

CNA

GSPC

CNA Financial (CNA) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for CNA Financial (CNA) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

CNA Financial (CNA) metric values compared with Insurance industry-group medians
Metric	Current stock: CNA	Industry group median
Volatility (1Y, Annualized)	20.85%	28.84%
Beta (5Y)	0.22	0.50
Max Drawdown (5Y)	-25.67%	-38.77%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. CNA is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

CNA Financial (CNA) metric values compared with Insurance industry-group medians
Metric	Current stock: CNA	Industry group median
Sharpe Ratio (1Y)	0.44	0.28
Sortino Ratio (1Y)	0.62	0.41

Profitability

ROE (TTM)

CNA Financial (CNA) posts ROE of 9.56%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

CNA

Insurance industry group

9.56%

Group distribution

Max: 41.68%
Q3: 22.04%
Median: 14.81%
CNA: 9.56%
Q1: 8.79%
Min: -10.66%

Largest peers

PGR: 33.24%
TRV: 27.50%
MRSH: 27.24%
CB: 14.25%
MFC: 12.24%
CNA: 9.56%
AJG: 7.21%

Where CNA Financial (CNA) stands on ROE within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

CNA Financial (CNA) keeps 6.80% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

CNA

Insurance industry group

6.80%

Group distribution

Max: 29.92%
Q3: 17.03%
Median: 10.97%
CNA: 6.80%
Q1: 6.21%
Min: -4.68%

Largest peers

MFC: 18.97%
CB: 18.13%
TRV: 17.03%
MRSH: 14.20%
PGR: 12.67%
AJG: 10.78%
CNA: 6.80%

Where CNA Financial (CNA) stands on net margin within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

operating margin is set aside for CNA Financial (CNA) in Insurance: the operating-income line is not a clean boundary for this business model, so net margin, ROE, FFO, or industry-specific measures may be more useful.

Profitability Metrics

CNA Financial (CNA) metric values compared with Insurance industry-group medians
Metric	Current stock: CNA	Industry group median
ROE (TTM)	9.56%	14.81%
ROA (TTM)	1.29%	2.72%
Net Margin (TTM)	6.80%	10.97%
Operating Margin (TTM)	--	--
Gross Margin (TTM)	--	--

Growth

Revenue Growth

CNA Financial (CNA) grew revenue 5.10%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

CNA Financial (CNA): Revenue Growth across different time periods, set against Insurance industry-group medians.

EPS Growth

CNA Financial (CNA) grew earnings per share 33.24%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

CNA Financial (CNA): EPS Growth across different time periods, set against Insurance industry-group medians.

Growth Metrics

CNA Financial (CNA) metric values compared with Insurance industry-group medians
Metric	Current stock: CNA	Industry group median
Revenue Growth (YoY)	5.10%	7.89%
Revenue Growth (3Y CAGR)	7.36%	11.40%
EPS Growth (YoY)	33.24%	21.77%
EPS Growth (3Y CAGR)	12.66%	18.46%

Financial Strength

Current Ratio (MRQ)

current ratio is set aside for CNA Financial (CNA) in Insurance: these balance sheets are not best read through a current/non-current split, so regulatory, funding, or liquidity-coverage measures usually matter more.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for CNA Financial (CNA) in Insurance: leverage is part of the business model itself, so capital adequacy, funding mix, and regulatory measures are usually better risk gauges.

Financial Strength Metrics

CNA Financial (CNA) metric values compared with Insurance industry-group medians
Metric	Current stock: CNA	Industry group median
Current Ratio (MRQ)	--	--
Debt / Equity (MRQ)	--	--
Net Debt / EBITDA	--	--

Dividends

Dividend Yield (TTM)

CNA Financial (CNA) has dividend yield of 3.95%, in the upper peer-yield quartile while still inside the industry range. The dividend offers more cash income per dollar of share price than most peers, though payout coverage still matters.

CNA

Insurance industry group

3.95%

Group distribution

Max: 5.12%
CNA: 3.95%
Q3: 2.15%
Median: 0.98%
Q1: 0.00%
Min: 0.00%

Largest peers

MFC: 4.32%
CNA: 3.95%
MRSH: 1.80%
TRV: 1.17%
CB: 1.07%
AJG: 0.95%
PGR: 0.17%

Where CNA Financial (CNA) stands on dividend yield within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

CNA Financial (CNA) has payout ratio of 50.26%, above the industry’s usual payout band. A larger share of earnings is going to dividends, so the cushion narrows if profit weakens.

CNA

Insurance industry group

50.26%

Group distribution

Max: 76.67%
CNA: 50.26%
Q3: 35.18%
Median: 14.74%
Q1: 0.00%
Min: 0.00%

Largest peers

PGR: 70.03%
MFC: 54.30%
CNA: 50.26%
MRSH: 44.14%
AJG: 41.98%
CB: 13.95%
TRV: 12.36%

Where CNA Financial (CNA) stands on payout ratio within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

CNA Financial (CNA) metric values compared with Insurance industry-group medians
Metric	Current stock: CNA	Industry group median
Dividend Yield (TTM)	3.95%	0.98%
Dividend Payout Ratio (TTM)	50.26%	14.74%

Valuation

P/E Ratio (TTM)

CNA Financial (CNA) trades at P/E ratio of 12.52, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

CNA

Insurance industry group

12.52

Group distribution

Max: 28.37
Q3: 18.75
CNA: 12.52
Median: 12.23
Q1: 9.08
Min: 2.32

Largest peers

AJG: 42.99
MRSH: 24.50
MFC: 17.23
CB: 12.79
CNA: 12.52
PGR: 11.47
TRV: 10.39

Where CNA Financial (CNA) stands on P/E ratio within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

CNA Financial (CNA) trades at 0.84 on P/S ratio, in the lower sales-valuation quartile for its industry. That points to a cheaper revenue stream than most peers, with margin quality still doing the heavy lifting.

CNA

Insurance industry group

0.84

Group distribution

Max: 4.03
Q3: 2.25
Median: 1.23
Q1: 0.85
CNA: 0.84
Min: 0.07

Largest peers

AJG: 4.58
MRSH: 3.42
CB: 2.25
MFC: 2.11
TRV: 1.66
PGR: 1.44
CNA: 0.84

Where CNA Financial (CNA) stands on P/S ratio within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

CNA Financial (CNA) trades at 1.25 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

CNA

Insurance industry group

1.25

Group distribution

Max: 5.07
Q3: 2.79
Median: 1.76
CNA: 1.25
Q1: 1.23
Min: 0.30

Largest peers

MRSH: 6.64
PGR: 3.82
AJG: 3.00
TRV: 2.79
MFC: 2.13
CB: 1.91
CNA: 1.25

Where CNA Financial (CNA) stands on P/B ratio within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

CNA Financial (CNA) metric values compared with Insurance industry-group medians
Metric	Current stock: CNA	Industry group median
P/E Ratio (TTM)	12.52	12.23
P/S Ratio (TTM)	0.84	1.23
P/B Ratio (MRQ)	1.25	1.76
Free Cash Flow Yield (TTM)	--	--