CNA Financial (NYSE:CNA) to Release Q4 2025 Earnings on February 9, 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 20 2026
0mins
Should l Buy CNA?
Source: PRnewswire
- Earnings Release Schedule: CNA Financial Corporation plans to report its fourth quarter 2025 results before the market opens on February 9, 2026, providing a news release, financial supplement, and earnings presentation to ensure timely access to key information for investors.
- Management Commentary: The earnings release will include remarks from Chairman and CEO Douglas M. Worman and CFO Scott R. Lindquist, aimed at providing shareholders and analysts with in-depth performance analysis and outlook.
- Investor Engagement: CNA invites shareholders and analysts to submit questions in advance, with management potentially addressing some of these inquiries in the earnings remarks, enhancing transparency and investor relations.
- Company Background: CNA is one of the largest U.S. commercial property and casualty insurance companies, backed by over 125 years of experience, offering a wide range of insurance products and services across the U.S., Canada, and Europe.
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Analyst Views on CNA
Wall Street analysts forecast CNA stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CNA is 47.00 USD with a low forecast of 47.00 USD and a high forecast of 47.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
0 Buy
0 Hold
1 Sell
Moderate Sell
Current: 49.830
Low
47.00
Averages
47.00
High
47.00
Current: 49.830
Low
47.00
Averages
47.00
High
47.00
About CNA
CNA Financial Corporation is an insurance holding company. The Company’s segments include Specialty, Commercial, International, Life & Group and Corporate & Other. The Specialty segment provides management and professional liability and other coverages through property and casualty products and services using a network of brokers, independent agencies and managing general underwriters. The Commercial segment works with a network of brokers and independent agents to market a range of property and casualty insurance products to all types of insureds, targeting small business, construction, middle markets and other commercial customers. The International segment underwrites property and casualty coverage on a global basis through a branch operation in Canada, a European business consisting of insurance companies based in the United Kingdom and Luxembourg and Hardy, its Lloyd's syndicate. The Life & Group segment includes the results of its long-term care business that is in run-off.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Earnings Miss: CNA Financial reported a Q4 Non-GAAP EPS of $1.16, missing expectations by $0.18, indicating pressure on profitability that could affect investor confidence moving forward.
- Investment Income Fluctuation: The net investment income stood at $653 million, reflecting a $26 million increase from fixed income securities and other investments to $576 million, while a $17 million decrease from limited partnerships and common stock to $77 million highlights portfolio volatility.
- P&C Performance: The property and casualty (P&C) underlying combined ratio was 92.3%, up from 91.4% in the prior year quarter, suggesting rising underwriting costs that may impact future profitability.
- Increased Shareholder Returns: The company raised its quarterly cash dividend by 4% to $0.48 per share and announced a special dividend of $2.00 per share, demonstrating a commitment to shareholder returns despite overall performance falling short of expectations.
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- Revenue Growth: Loews reported total revenue growth from $4.55 billion to $4.74 billion year-over-year, reflecting a 4.2% increase that underscores the company's robust market performance and successful revenue diversification.
- Book Value Increase: As of December 31, 2025, book value per share rose from $79.49 to $90.71, indicating improved asset quality and enhanced shareholder value amidst a competitive landscape.
- CNA Financial Segment Core Income Decline: Core income for CNA decreased from $342 million to $317 million year-over-year, primarily due to increased charges related to asbestos and environmental pollution, highlighting challenges faced by this segment.
- Loews Hotels Performance: Despite a drop in net income from $27 million to $6 million, adjusted EBITDA surged 35% year-over-year to $113 million, driven by the addition of new properties and improved occupancy rates, demonstrating effective strategic adjustments in the hotel business.
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- Significant Net Income Growth: In Q4 2025, Loews Corporation reported a net income of $402 million, translating to $1.94 per share, which represents a remarkable increase of 115% and 126% compared to $187 million and $0.86 per share in Q4 2024, indicating robust performance across its business segments.
- Annual Performance Improvement: For the full year 2025, net income reached $1.667 billion, or $7.97 per share, marking an 18% and 24% increase from $1.414 billion and $6.41 per share in 2024, reflecting the company's sustained profitability and competitive market position.
- Stock Buyback Program: Loews repurchased 8.9 million shares of common stock for $782 million in 2025, a move that not only enhances earnings per share but also signals the company's confidence in future growth, potentially attracting more investor interest.
- Legal Proceedings Update: The Delaware Supreme Court ruled that Loews breached partnership agreements during its acquisition of minority interests in Boardwalk Pipelines; however, the company secured favorable outcomes in other related lawsuits, demonstrating its robust handling of legal matters.
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- Strong Quarterly Performance: CNA Financial reported a net income of $302 million for Q4 2025, translating to $1.11 per share, a significant increase from $21 million and $0.07 per share in the prior year, showcasing a remarkable recovery in profitability despite a $290 million pension settlement loss.
- Stable Core Income: The core income for the fourth quarter stood at $317 million, or $1.16 per share, reflecting a slight decline from $342 million in the previous year, yet indicating robust financial management and investment returns that bolster investor confidence.
- Growth in P&C Segment: The Property & Casualty segment achieved a core income of $449 million in Q4 2025, a minor decrease of $2 million year-over-year, while net written premiums grew by 2%, demonstrating the company's competitive edge and improved customer retention rates in the market.
- Increased Shareholder Returns: CNA declared a quarterly cash dividend of $0.48 per share and a special dividend of $2.00 per share, payable on March 12, 2026, reflecting the company's commitment to returning value to shareholders while reinforcing market confidence in its future growth prospects.
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- Net Income Growth: In Q4 2025, Loews Corporation reported a net income of $402 million, or $1.94 per share, significantly up from $187 million and $0.86 per share in Q4 2024, indicating strong performance in insurance and investment sectors, which is likely to boost market confidence.
- Share Repurchase Program: Loews repurchased 8.9 million shares of common stock in 2025 for a total cost of $782 million, demonstrating the company's confidence in its stock value and potentially enhancing shareholder returns while improving stock price performance.
- Balance Sheet Improvement: As of December 31, 2025, Loews's book value per share increased to $90.71 from $79.49 in 2024, indicating an improvement in the company's financial health, which may attract more investor interest.
- Segment Performance: CNA Financial's net income was $276 million, showing stability despite unfavorable non-economic charges, and the overall business is expected to enhance profitability through increased underwriting income and investment returns in the future.
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- Significant Net Income Growth: CNA Financial reported a net income of $302 million for Q4 2025, a substantial increase from $21 million in the prior year, primarily due to the absence of a $290 million after-tax loss from a pension settlement, indicating a marked improvement in profitability.
- Strong Core Income Performance: The core income for the fourth quarter was $317 million, although down from $342 million year-over-year, the full-year core income reached a record high of $1.342 billion, reflecting the company's sustained excellence in underwriting and investment results.
- Increased Investment Income: The net investment income for Q4 2025 was $653 million, an increase of $9 million from the previous year, primarily driven by higher returns from fixed income securities, showcasing effective investment management strategies.
- Increased Shareholder Returns: CNA announced a 4% increase in its quarterly cash dividend to $0.48 per share, along with a special dividend of $2.00 per share, demonstrating the company's ongoing commitment to shareholders and robust cash flow position.
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