Filing Flows › CNA Financial (CNA) › Q2 2025
CNA Financial (CNA) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 4, 2025
CNA Financial (CNA) reported revenue of $3.7B for the second quarter 2025 (Q2 2025), +6% from a year earlier and +2% from the quarter before. Operating margin was 10.2%, net earnings $299M (8.0% of revenue).
CNA Financial, Q2 2025: revenue $3.7B (+6% year over year), operating margin 10.2%, net earnings $299M, operating cash flow $562M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.7B | +2% | +6% |
| Operating profit | $380M | +9% | -5% |
| Net earnings | $299M | +9% | -6% |
| Operating cash flow | $562M | -12% | -9% |
| Free cash flow | $538M | -13% | -10% |
What changed
Revenue was $3.7B in Q2 2025, up 6% year over year and up 2% from the previous quarter.
Operating profit was $0.38B, a 10.2% margin (down 1.2 points year over year). Operating profit fell $0.02B even though revenue rose $0.20B versus a year earlier, so costs grew faster than sales. Total costs grew 7% against revenue growth of 6%. Net earnings were $0.30B, down 6% year over year. The effective tax rate was 21.3%.
Operating cash flow was $0.56B (down 9% year over year), 188% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization. Working capital and other items added $0.24B. Capital expenditures of $0.02B left free cash flow of $0.54B.
Questions
What was CNA Financial's revenue in the second quarter 2025?
CNA Financial (CNA) reported revenue of $3.7B for the second quarter 2025 (Q2 2025), +6% from a year earlier and +2% from the quarter before.
Was CNA Financial profitable in the second quarter 2025?
Operating profit was $380M (10.2% of revenue) and net earnings $299M.
Source: CNA Financial 10-Q on SEC EDGAR.