CNA Financial Corporation (CNA) Income Statement
CNA 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCNA revenue and net income
Where CNA's revenue goes
2025Each bar shows an amount and its share of revenue. CNA kept 8.7% of revenue as net income.
CNA profit margins
CNA growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +5.1% | +7.4% | +6.6% | +4.9% |
| Gross profit | +1.3% | +6.4% | +7.8% | +7.6% |
| Operating income | +33.8% | +25.8% | +14.6% | +11.4% |
| Net income | +33.3% | +23.3% | +13.1% | +10.3% |
| EPS (diluted) | +2.1% | +8.5% | +12.8% | +10.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CNA quarterly EPS vs estimates
CNA Financial beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: November 2, 2026 (estimate $1.16).
CNA income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.71B | $14.00B | $13.12B | $11.89B | $11.55B | $10.69B | $10.77B | $10.13B | $9.54B | $9.37B |
| Cost of revenue | $10.19B | $9.54B | $8.71B | $8.14B | $7.81B | $7.58B | $7.19B | $6.91B | $6.54B | $6.52B |
| Gross profit | $4.52B | $4.46B | $4.41B | $3.75B | $3.73B | $3.11B | $3.58B | $3.23B | $3.00B | $2.85B |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | — | — | — | — | — | — | $2.0M | $15.0M | $5.0M | $7.0M |
| Total operating expenses | $2.90B | $3.25B | $2.90B | $2.93B | $2.27B | $2.29B | $2.35B | $2.26B | $1.69B | $1.71B |
| Operating income | $1.62B | $1.21B | $1.52B | $814.0M | $1.46B | $821.0M | $1.22B | $964.0M | $1.31B | $1.14B |
| Interest income | $135.0M | $133.0M | $127.0M | $112.0M | $113.0M | $122.0M | $131.0M | $138.0M | $161.0M | $159.0M |
| Interest expense | $135.0M | $133.0M | $127.0M | $112.0M | $113.0M | $122.0M | $131.0M | $138.0M | $161.0M | $159.0M |
| Income before taxes | $1.62B | $1.21B | $1.52B | $814.0M | $1.46B | $821.0M | $1.22B | $964.0M | $1.31B | $1.14B |
| Income taxes | $342.0M | $252.0M | $313.0M | $132.0M | $278.0M | $131.0M | $223.0M | $151.0M | $411.0M | $278.0M |
| Net income | $1.28B | $959.0M | $1.21B | $682.0M | $1.18B | $690.0M | $1.00B | $813.0M | $899.0M | $859.0M |
| EBITDA | $1.82B | $1.41B | $1.72B | $977.0M | $1.63B | $1.00B | $1.42B | $1.18B | $1.56B | $1.37B |
| EPS (diluted) | $4.92 | $4.82 | $4.71 | $3.85 | $4.05 | $2.70 | $3.59 | $3.11 | $3.38 | $3.05 |
| Gross margin | 30.7% | 31.9% | 33.6% | 31.5% | 32.3% | 29.1% | 33.2% | 31.8% | 31.4% | 30.4% |
| Operating margin | 11.0% | 8.7% | 11.6% | 6.8% | 12.7% | 7.7% | 11.4% | 9.5% | 13.7% | 12.1% |
| Net margin | 8.7% | 6.9% | 9.2% | 5.7% | 10.3% | 6.5% | 9.3% | 8.0% | 9.4% | 9.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.83B | $3.68B | $3.76B | $3.75B | $3.64B | $3.57B | $3.61B | $3.55B | $3.44B | $3.39B | $3.44B | $3.31B |
| Cost of revenue | $2.52B | $2.17B | $2.62B | $2.52B | $2.55B | $2.50B | $2.49B | $2.48B | $2.32B | $2.25B | $2.25B | $2.25B |
| Gross profit | $1.30B | $1.50B | $1.13B | $1.23B | $1.08B | $1.07B | $1.12B | $1.07B | $1.13B | $1.14B | $1.20B | $1.06B |
| Sales, general & admin | $866.0M | $846.0M | — | — | — | — | — | — | — | — | — | — |
| Total operating expenses | $866.0M | $1.20B | $754.0M | $721.0M | $702.0M | $724.0M | $1.10B | $714.0M | $726.0M | $712.0M | $735.0M | $730.0M |
| Operating income | $438.0M | $300.0M | $378.0M | $513.0M | $380.0M | $349.0M | $21.0M | $361.0M | $402.0M | $427.0M | $460.0M | $326.0M |
| Interest income | — | — | $36.0M | $36.0M | $31.0M | $32.0M | $32.0M | $32.0M | — | — | — | $34.0M |
| Interest expense | $33.0M | $33.0M | $36.0M | $36.0M | $31.0M | $32.0M | $32.0M | $32.0M | $34.0M | $35.0M | $34.0M | $34.0M |
| Income before taxes | $405.0M | $267.0M | $378.0M | $513.0M | $380.0M | $349.0M | $21.0M | $361.0M | $402.0M | $427.0M | $460.0M | $326.0M |
| Income taxes | −$84.0M | −$56.0M | $76.0M | $110.0M | $81.0M | $75.0M | — | $78.0M | $85.0M | $89.0M | $93.0M | $68.0M |
| Net income | $321.0M | $323.0M | $302.0M | $403.0M | $299.0M | $274.0M | $21.0M | $283.0M | $317.0M | $338.0M | $367.0M | $258.0M |
| EBITDA | $458.0M | $320.0M | $431.0M | $567.0M | $429.0M | $398.0M | $69.0M | $410.0M | $454.0M | $478.0M | $523.0M | $376.0M |
| EPS (diluted) | $1.19 | $0.83 | $1.16 | $1.50 | $1.23 | $1.03 | $1.25 | $1.08 | $1.19 | $1.30 | $1.33 | $1.06 |
| Gross margin | 34.1% | 40.8% | 30.1% | 32.9% | 29.8% | 30.0% | 31.0% | 30.3% | 32.7% | 33.6% | 34.7% | 31.9% |
| Operating margin | 11.4% | 8.2% | 10.1% | 13.7% | 10.5% | 9.8% | 0.6% | 10.2% | 11.7% | 12.6% | 13.4% | 9.9% |
| Net margin | 8.4% | 8.8% | 8.0% | 10.7% | 8.2% | 7.7% | 0.6% | 8.0% | 9.2% | 10.0% | 10.7% | 7.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CNA's financial statements (latest annual report filed February 10, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CNA financial results
In fiscal year 2025 (ended December 31, 2025), CNA Financial reported revenue of $14.7 billion, up 5.1% from the year before. It had net income of $1.3 billion (up 33.3%), a net profit margin of 8.7%. Diluted earnings per share came to $4.92. Over five years revenue grew at an average rate of 6.6% a year.
See the CNA stock overview for the latest quote and news, or the CNA chart for price history and technical indicators.
CNA income statement FAQ
What is CNA Financial's annual revenue?
CNA Financial reported total revenue of $14.7 billion for fiscal year 2025, which ended on December 31, 2025. That was up 5.1% from $14.0 billion the previous year.
Is CNA Financial profitable?
Yes. CNA Financial reported net income of $1.3 billion in fiscal 2025, a net profit margin of 8.7%; its operating margin was 11.0%.
What is CNA Financial's gross margin?
CNA Financial's gross margin was 30.7% in fiscal 2025: for every $100 of revenue, CNA Financial kept $31 after the direct cost of its products and services.
How fast is CNA Financial growing?
Revenue grew 6.6% a year on average over the last five fiscal years, from $10.7 billion to $14.7 billion.
What are CNA Financial's earnings per share?
CNA Financial earned $4.92 per diluted share in fiscal 2025, compared with $4.82 a year earlier.
When will CNA Financial report its next earnings?
CNA Financial is expected to report results for the quarter ending September 30, 2026 on November 2, 2026 before the market opens.
When does CNA Financial's fiscal year end?
CNA Financial's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 10, 2026.