Filing Flows › CNA Financial (CNA) › Q1 2025
CNA Financial (CNA) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 5, 2025
CNA Financial (CNA) reported revenue of $3.6B for the first quarter 2025 (Q1 2025), +5% from a year earlier and -2% from the quarter before. Operating margin was 9.6%, net earnings $274M (7.6% of revenue).
CNA Financial, Q1 2025: revenue $3.6B (+5% year over year), operating margin 9.6%, net earnings $274M, operating cash flow $638M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.6B | -2% | +5% |
| Operating profit | $349M | 17× | -18% |
| Net earnings | $274M | 13× | -19% |
| Operating cash flow | $638M | -9% | +27% |
| Free cash flow | $620M | -7% | +28% |
What changed
Revenue was $3.6B in Q1 2025, up 5% year over year and down 2% from the previous quarter.
Operating profit was $0.35B, a 9.6% margin (down 2.8 points year over year). Operating profit fell $0.08B even though revenue rose $0.18B versus a year earlier, so costs grew faster than sales. Total costs grew 9% against revenue growth of 5%. Net earnings were $0.27B, down 19% year over year. The effective tax rate was 21.5%.
Operating cash flow was $0.64B (up 27% year over year), 233% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization. Working capital and other items added $0.35B. Capital expenditures of $0.02B left free cash flow of $0.62B.
Questions
What was CNA Financial's revenue in the first quarter 2025?
CNA Financial (CNA) reported revenue of $3.6B for the first quarter 2025 (Q1 2025), +5% from a year earlier and -2% from the quarter before.
Was CNA Financial profitable in the first quarter 2025?
Operating profit was $349M (9.6% of revenue) and net earnings $274M.
Source: CNA Financial 10-Q on SEC EDGAR.