CNA Financial Corporation
CNA Financial Corporation, an insurance holding company, primarily provides commercial property and casualty insurance products in the United States and internationally. It operates through Specialty, Commercial, International, and Life & Group segments. The company offers professional liability coverages and risk management services to various professional firms, including architects, real estat… Read more
CNA Financial Corporation (CNA) - Net Assets
Latest net assets as of September 2025: $11.32 Billion USD
Based on the latest financial reports, CNA Financial Corporation (CNA) has net assets worth $11.32 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($69.76 Billion) and total liabilities ($58.43 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $11.32 Billion |
| % of Total Assets | 16.23% |
| Annual Growth Rate | 4.26% |
| 5-Year Change | -77.57% |
| 10-Year Change | -10.57% |
| Growth Volatility | 51.62 |
CNA Financial Corporation - Net Assets Trend (1985–2024)
This chart illustrates how CNA Financial Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for CNA Financial Corporation (1985–2024)
The table below shows the annual net assets of CNA Financial Corporation from 1985 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $10.51 Billion | +6.27% |
| 2023-12-31 | $9.89 Billion | +16.73% |
| 2022-12-31 | $8.47 Billion | -33.84% |
| 2021-12-31 | $12.81 Billion | -72.67% |
| 2020-12-31 | $46.87 Billion | +3.41% |
| 2019-12-31 | $45.32 Billion | +304.06% |
| 2018-12-31 | $11.22 Billion | -8.39% |
| 2017-12-31 | $12.24 Billion | +2.30% |
| 2016-12-31 | $11.97 Billion | +1.81% |
| 2015-12-31 | $11.76 Billion | -8.11% |
| 2014-12-31 | $12.79 Billion | +1.13% |
| 2013-12-31 | $12.65 Billion | +2.74% |
| 2012-12-31 | $12.31 Billion | +6.55% |
| 2011-12-31 | $11.56 Billion | +0.29% |
| 2010-12-31 | $11.52 Billion | +3.21% |
| 2009-12-31 | $11.17 Billion | +53.02% |
| 2008-12-31 | $7.30 Billion | -30.74% |
| 2007-12-31 | $10.54 Billion | +4.28% |
| 2006-12-31 | $10.10 Billion | +9.33% |
| 2005-12-31 | $9.24 Billion | -2.54% |
| 2004-12-31 | $9.48 Billion | +2.98% |
| 2003-12-31 | $9.21 Billion | -4.65% |
| 2002-12-31 | $9.66 Billion | +12.41% |
| 2001-12-31 | $8.59 Billion | -12.91% |
| 2000-12-31 | $9.86 Billion | +8.00% |
| 1999-12-31 | $9.13 Billion | -2.44% |
| 1998-12-31 | $9.36 Billion | +12.66% |
| 1997-12-31 | $8.31 Billion | +17.69% |
| 1996-12-31 | $7.06 Billion | +4.81% |
| 1995-12-31 | $6.74 Billion | +48.17% |
| 1994-12-31 | $4.55 Billion | -15.52% |
| 1993-12-31 | $5.38 Billion | +12.36% |
| 1992-12-31 | $4.79 Billion | -6.25% |
| 1991-12-31 | $5.11 Billion | +13.78% |
| 1990-12-31 | $4.49 Billion | +8.09% |
| 1989-12-31 | $4.15 Billion | +21.54% |
| 1988-12-31 | $3.42 Billion | +17.54% |
| 1987-12-31 | $2.91 Billion | +12.34% |
| 1986-12-31 | $2.59 Billion | +25.37% |
| 1985-12-31 | $2.06 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to CNA Financial Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 559.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $9.69 Billion | 92.13% |
| Common Stock | $683.00 Million | 6.50% |
| Other Comprehensive Income | $-1.99 Billion | -18.94% |
| Other Components | $2.13 Billion | 20.31% |
| Total Equity | $10.51 Billion | 100.00% |
CNA Financial Corporation Competitors by Market Cap
The table below lists competitors of CNA Financial Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Teladoc Inc
NYSE:TDOC
|
$951.14 Million |
|
VIMEO INC. DL-01
F:4KS
|
$951.29 Million |
|
IRB Infrastructure Developers Limited
NSE:IRB
|
$951.51 Million |
|
KYORITSU MAINTEN.
F:648
|
$951.53 Million |
|
Camel Group Co Ltd
SHG:601311
|
$950.70 Million |
|
Sodexo PK
PINK:SDXAY
|
$950.69 Million |
|
Hitachi Zosen Corporation
F:HZS
|
$950.68 Million |
|
IINO KAIUN KAISHA
F:1UD
|
$950.65 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CNA Financial Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 9,893,000,000 to 10,513,000,000, a change of 620,000,000 (6.3%).
- Net income of 959,000,000 contributed positively to equity growth.
- Dividend payments of 1,025,000,000 reduced retained earnings.
- Share repurchases of 20,000,000 reduced equity.
- Other comprehensive income increased equity by 681,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $959.00 Million | +9.12% |
| Dividends Paid | $1.02 Billion | -9.75% |
| Share Repurchases | $20.00 Million | -0.19% |
| Other Comprehensive Income | $681.00 Million | +6.48% |
| Other Changes | $25.00 Million | +0.24% |
| Total Change | $- | 6.27% |
Book Value vs Market Value Analysis
This analysis compares CNA Financial Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.19x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.14x to 1.19x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $11.07 | $45.82 | x |
| 1986-12-31 | $13.44 | $45.82 | x |
| 1987-12-31 | $15.45 | $45.82 | x |
| 1988-12-31 | $18.27 | $45.82 | x |
| 1989-12-31 | $22.37 | $45.82 | x |
| 1990-12-31 | $24.20 | $45.82 | x |
| 1991-12-31 | $27.53 | $45.82 | x |
| 1992-12-31 | $25.81 | $45.82 | x |
| 1993-12-31 | $28.98 | $45.82 | x |
| 1994-12-31 | $21.17 | $45.82 | x |
| 1995-12-31 | $36.01 | $45.82 | x |
| 1996-12-31 | $38.04 | $45.82 | x |
| 1997-12-31 | $44.76 | $45.82 | x |
| 1998-12-31 | $49.31 | $45.82 | x |
| 1999-12-31 | $47.01 | $45.82 | x |
| 2000-12-31 | $52.28 | $45.82 | x |
| 2001-12-31 | $41.65 | $45.82 | x |
| 2002-12-31 | $41.53 | $45.82 | x |
| 2003-12-31 | $39.46 | $45.82 | x |
| 2004-12-31 | $35.96 | $45.82 | x |
| 2005-12-31 | $34.96 | $45.82 | x |
| 2006-12-31 | $37.24 | $45.82 | x |
| 2007-12-31 | $37.34 | $45.82 | x |
| 2008-12-31 | $25.53 | $45.82 | x |
| 2009-12-31 | $39.61 | $45.82 | x |
| 2010-12-31 | $40.65 | $45.82 | x |
| 2011-12-31 | $42.87 | $45.82 | x |
| 2012-12-31 | $45.64 | $45.82 | x |
| 2013-12-31 | $46.82 | $45.82 | x |
| 2014-12-31 | $47.28 | $45.82 | x |
| 2015-12-31 | $43.43 | $45.82 | x |
| 2016-12-31 | $44.15 | $45.82 | x |
| 2017-12-31 | $45.00 | $45.82 | x |
| 2018-12-31 | $41.16 | $45.82 | x |
| 2019-12-31 | $44.84 | $45.82 | x |
| 2020-12-31 | $1.17 | $45.82 | x |
| 2021-12-31 | $46.95 | $45.82 | x |
| 2022-12-31 | $32.39 | $45.82 | x |
| 2023-12-31 | $36.34 | $45.82 | x |
| 2024-12-31 | $38.55 | $45.82 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CNA Financial Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.12%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.85%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 6.32x
- Recent ROE (9.12%) is below the historical average (11.09%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 8.72% | 3.91% | 0.33x | 6.84x | $-26.35 Million |
| 1986 | 10.07% | 4.08% | 0.38x | 6.43x | $1.78 Million |
| 1987 | 14.49% | 5.91% | 0.36x | 6.73x | $130.44 Million |
| 1988 | 15.98% | 6.54% | 0.36x | 6.71x | $204.34 Million |
| 1989 | 14.77% | 6.75% | 0.32x | 6.91x | $198.12 Million |
| 1990 | 8.16% | 3.69% | 0.32x | 6.92x | $-82.50 Million |
| 1991 | 11.99% | 5.50% | 0.31x | 6.98x | $101.64 Million |
| 1992 | -6.90% | -3.06% | 0.29x | 7.66x | $-809.42 Million |
| 1993 | 4.97% | 2.43% | 0.26x | 7.79x | $-270.61 Million |
| 1994 | 0.80% | 0.33% | 0.25x | 9.75x | $-418.09 Million |
| 1995 | 11.24% | 5.15% | 0.25x | 8.89x | $83.45 Million |
| 1996 | 13.67% | 5.68% | 0.28x | 8.60x | $258.82 Million |
| 1997 | 11.63% | 5.62% | 0.28x | 7.37x | $135.10 Million |
| 1998 | 2.49% | 1.33% | 0.27x | 6.81x | $-687.70 Million |
| 1999 | -1.92% | -1.06% | 0.27x | 6.85x | $-1.07 Billion |
| 2000 | 12.25% | 7.67% | 0.25x | 6.43x | $217.30 Million |
| 2001 | -19.18% | -12.25% | 0.20x | 7.88x | $-2.44 Billion |
| 2002 | 1.73% | 1.33% | 0.20x | 6.57x | $-777.10 Million |
| 2003 | -15.83% | -12.10% | 0.17x | 7.65x | $-2.31 Billion |
| 2004 | 4.62% | 4.28% | 0.16x | 6.79x | $-495.70 Million |
| 2005 | 2.95% | 2.68% | 0.17x | 6.57x | $-631.00 Million |
| 2006 | 11.34% | 10.68% | 0.17x | 6.17x | $131.20 Million |
| 2007 | 8.38% | 8.61% | 0.17x | 5.59x | $-164.00 Million |
| 2008 | -4.35% | -3.83% | 0.15x | 7.52x | $-986.70 Million |
| 2009 | 3.93% | 4.95% | 0.15x | 5.19x | $-647.00 Million |
| 2010 | 6.30% | 7.49% | 0.17x | 5.05x | $-405.40 Million |
| 2011 | 5.30% | 6.84% | 0.16x | 4.77x | $-543.70 Million |
| 2012 | 5.10% | 6.71% | 0.16x | 4.75x | $-603.40 Million |
| 2013 | 7.41% | 9.43% | 0.17x | 4.52x | $-328.10 Million |
| 2014 | 5.40% | 7.13% | 0.17x | 4.34x | $-588.40 Million |
| 2015 | 4.07% | 5.26% | 0.17x | 4.68x | $-696.60 Million |
| 2016 | 7.18% | 9.17% | 0.17x | 4.61x | $-337.90 Million |
| 2017 | 7.34% | 9.42% | 0.17x | 4.62x | $-325.40 Million |
| 2018 | 7.25% | 8.02% | 0.18x | 5.10x | $-308.70 Million |
| 2019 | 8.19% | 9.29% | 0.21x | 4.27x | $-221.50 Million |
| 2020 | 215.63% | 6.46% | 0.20x | 169.22x | $658.00 Million |
| 2021 | 9.24% | 10.25% | 0.17x | 5.20x | $-96.90 Million |
| 2022 | 7.73% | 5.74% | 0.20x | 6.90x | $-200.50 Million |
| 2023 | 12.18% | 9.18% | 0.20x | 6.54x | $215.70 Million |
| 2024 | 9.12% | 6.85% | 0.21x | 6.32x | $-92.30 Million |
Industry Comparison
This section compares CNA Financial Corporation's net assets metrics with peer companies in the Insurance - Property & Casualty industry.
Industry Context
- Industry: Insurance - Property & Casualty
- Average net assets among peers: $3,948,110,200
- Average return on equity (ROE) among peers: 16.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CNA Financial Corporation (CNA) | $11.32 Billion | 8.72% | 5.16x | $950.98 Million |
| American Coastal Insurance Corp (ACIC) | $45.29 Million | -2.04% | 3.72x | $246.71 Million |
| American Financial Group Inc (AFG) | $1.95 Billion | -0.76% | 7.91x | $8.44 Billion |
| AmTrust Financial Services Inc Pref Series A (AFSIA) | $118.83 Million | 11.87% | 3.19x | $1.69 Billion |
| Aspen Insurance Holdings Limited (AHL) | $2.39 Billion | 15.82% | 1.78x | $14.67 Million |
| American Integrity Insurance Group, Inc. (AII) | $337.02 Million | 29.56% | 2.63x | $226.61 Million |
| Assurant Inc (AIZ) | $3.37 Billion | 2.66% | 6.24x | $10.48 Billion |
| The Allstate Corporation (ALL) | $30.61 Billion | 33.59% | 2.91x | $52.86 Billion |
| Admiral Group plc (AMIGF) | $68.95 Million | 44.87% | 4.47x | $10.33 Billion |
| Ategrity Specialty Insurance Company Holdings (ASIC) | $398.81 Million | 11.81% | 1.82x | $152.35 Million |
| Bowhead Specialty Holdings Inc. (BOW) | $192.08 Million | 13.04% | 4.35x | $684.69 Million |