CNA FINANCIAL CORP
CNA · Fire, Marine & Casualty Insurance · 270.5M shares · -0%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: -$14M (gross $24M, SBC $38M)
Reference price $45.97 · est. market cap ~$12.4B — last insider sale, 2026-03-19 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C62Mid-pack P&C/specialty insurer with average returns and long-tail reserve exposure.
Strengths
- ROE 11% and net income growth +33% with solid FCF $2.4B (79th pct)
- A&EP legacy largely ceded via the Berkshire/NICO Loss Portfolio Transfer; clean tangible book (57th pct)
Risks
- ROA 1.8% (25th pct) and net margin 8.5% (27th pct) cluster below sector median
- Long-term-care and mass-tort/social-inflation reserve risk could require charges
- Revenue declined ~4% (31st pct)
Notable findings
- Insider sellingInsider selling — 2 open-market sale(s) by 2 insider(s) (cluster of 2 insiders, ~$448,728, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Net margin
8.5%
Return on equity
11.0%
Return on assets
1.8%
Revenue growth (QoQ)
-3.9%
Net-income growth
33.3%
Debt / equity
0.3×
Free cash flow
$2.4B
Tangible book value
$11.5B
Stock comp / revenue
0.3%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-03-19 | Neuenschwander Jeffrey John | Sell | 3.3K | $45.97 |
| 2026-03-15 | LINDQUIST SCOTT R | Grant | 37K | — |
| 2026-03-15 | Neuenschwander Jeffrey John | Grant | 3.5K | — |
| 2026-03-15 | Neuenschwander Jeffrey John | Tax withheld | 1.4K | $47.03 |
| 2026-03-15 | Possell Jane Elizabeth | Grant | 20K | — |
| 2026-03-15 | Possell Jane Elizabeth | Tax withheld | 7.0K | $47.03 |
| 2026-03-15 | James Mark Steven | Grant | 14K | — |
| 2026-03-15 | James Mark Steven | Tax withheld | 6.8K | $47.03 |
| 2026-03-15 | Smith Amy Marie | Grant | 4.8K | — |
| 2026-03-15 | Smith Amy Marie | Tax withheld | 1.8K | $47.03 |
| 2026-03-15 | Franzetti Daniel Paul | Grant | 33K | — |
| 2026-03-15 | Franzetti Daniel Paul | Tax withheld | 18K | $47.03 |
| 2026-03-15 | Hopper Robert Joseph | Grant | 20K | — |
| 2026-03-15 | Hopper Robert Joseph | Tax withheld | 13K | $47.03 |
| 2026-03-15 | Aguinaga Elizabeth Ann | Tax withheld | 12K | $47.03 |
| 2026-03-15 | Worman Douglas | Grant | 106K | — |
| 2026-03-15 | Worman Douglas | Tax withheld | 37K | $47.03 |
| 2026-03-15 | LINDQUIST SCOTT R | Tax withheld | 19K | $47.03 |
| 2026-03-15 | Aguinaga Elizabeth Ann | Grant | 20K | — |
| 2026-01-02 | Robusto Dino | Sell | 6.2K | $47.62 |
| 2025-12-01 | Robusto Dino | Sell | 6.2K | $46.92 |
| 2025-11-12 | Smith Amy Marie | Gift | 900 | — |
| 2025-11-03 | Robusto Dino | Sell | 6.2K | $45.28 |
| 2025-10-01 | Robusto Dino | Sell | 6.2K | $46.25 |
| 2025-09-04 | LINDQUIST SCOTT R | Sell | 8.4K | $48.98 |
| 2025-09-03 | LINDQUIST SCOTT R | Sell | 10K | $48.81 |
| 2025-09-02 | Robusto Dino | Sell | 6.2K | $49.00 |
| 2025-08-04 | Robusto Dino | Sell | 6.2K | $45.00 |
| 2025-07-31 | Stone Susan Ann | Tax withheld | 11K | $44.26 |
| 2025-07-31 | Stone Susan Ann | Tax withheld | 14K | $44.26 |
| 2025-07-01 | Robusto Dino | Sell | 6.2K | $46.40 |
| 2025-06-02 | Robusto Dino | Sell | 6.2K | $47.63 |
| 2025-05-20 | James Mark Steven | Sell | 5.0K | $48.35 |
| 2025-05-01 | Robusto Dino | Sell | 6.2K | $47.61 |
| 2025-04-01 | Robusto Dino | Sell | 6.2K | $51.06 |
| 2025-03-17 | Robusto Dino | Sell | 6.2K | $48.86 |
| 2025-03-17 | Franzetti Daniel Paul | Sell | 13K | $49.06 |
| 2025-03-15 | Possell Jane Elizabeth | Tax withheld | 3.4K | $48.55 |
| 2025-03-15 | Robusto Dino | Grant | 128K | — |
| 2025-03-15 | Robusto Dino | Tax withheld | 67K | $48.55 |
| 2025-03-15 | Franzetti Daniel Paul | Grant | 35K | — |
| 2025-03-15 | Franzetti Daniel Paul | Tax withheld | 10K | $48.55 |
| 2025-03-15 | Hopper Robert Joseph | Tax withheld | 9.7K | $48.55 |
| 2025-03-15 | Possell Jane Elizabeth | Grant | 18K | — |
| 2025-03-15 | Worman Douglas | Grant | 66K | — |
| 2025-03-15 | Worman Douglas | Tax withheld | 29K | $48.55 |
| 2025-03-15 | James Mark Steven | Grant | 12K | — |
| 2025-03-15 | James Mark Steven | Tax withheld | 2.8K | $48.55 |
| 2025-03-15 | LINDQUIST SCOTT R | Grant | 39K | — |
| 2025-03-15 | LINDQUIST SCOTT R | Tax withheld | 14K | $48.55 |
| 2025-03-15 | Aguinaga Elizabeth Ann | Grant | 21K | — |
| 2025-03-15 | Aguinaga Elizabeth Ann | Tax withheld | 8.9K | $48.55 |
| 2025-03-15 | Smith Amy Marie | Grant | 4.9K | — |
| 2025-03-15 | Smith Amy Marie | Tax withheld | 1.4K | $48.55 |
| 2025-03-15 | Stone Susan Ann | Grant | 24K | — |
| 2025-03-15 | Stone Susan Ann | Tax withheld | 11K | $48.55 |
| 2025-03-15 | Hopper Robert Joseph | Grant | 21K | — |
| 2025-03-13 | Robusto Dino | Buy | 729 | $47.63 |
| 2025-03-13 | Robusto Dino | Buy | 3.2K | $47.63 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (0)
Suppliers (2)
- Berkshire Hathaway Inc.
- National Indemnity Company
Named in the 10-K; linked when we track them.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-Q | 2026-05-04 | 2026-03-31 | 0000021175-26-000031 ↗ |
| 8-K | 2026-05-04 | 2026-05-04 | 0000021175-26-000029 ↗ |
| 8-K | 2026-04-29 | 2026-04-29 | 0000021175-26-000019 ↗ |
| 10-K | 2026-02-10 | 2025-12-31 | 0000021175-26-000011 ↗ |
| 8-K | 2026-02-09 | 2026-02-09 | 0000021175-26-000008 ↗ |
| 8-K | 2025-11-03 | 2025-10-28 | 0000021175-25-000095 ↗ |
| 10-Q | 2025-11-03 | 2025-09-30 | 0000021175-25-000097 ↗ |
| 8-K | 2025-11-03 | 2025-11-03 | 0000021175-25-000093 ↗ |
| 8-K | 2025-08-12 | 2025-08-12 | 0001104659-25-076869 ↗ |
| 8-K | 2025-08-11 | 2025-08-05 | 0001104659-25-076205 ↗ |
| 8-K | 2025-08-04 | 2025-08-04 | 0000021175-25-000072 ↗ |
| 10-Q | 2025-08-04 | 2025-06-30 | 0000021175-25-000074 ↗ |