Filing Flows › CNA Financial (CNA) › Q4 2025
CNA Financial (CNA) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 10, 2026
CNA Financial (CNA) reported revenue of $3.8B for the fourth quarter 2025 (Q4 2025), +4% from a year earlier and +0.3% from the quarter before. Operating margin was 9.9%, net earnings $302M (7.9% of revenue).
CNA Financial, Q4 2025: revenue $3.8B (+4% year over year), operating margin 9.9%, net earnings $302M, operating cash flow $570M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.8B | +0.3% | +4% |
| Operating profit | $378M | -26% | 18× |
| Net earnings | $302M | -25% | 14× |
| Operating cash flow | $570M | -21% | -19% |
| Free cash flow | $542M | -23% | -18% |
What changed
Revenue was $3.8B in Q4 2025, up 4% year over year and roughly flat from the previous quarter.
Operating profit was $0.38B, a 9.9% margin (up 9.3 points year over year). Of the extra revenue versus a year earlier, 257% reached operating profit, above the 1% margin then. Total costs fell 6% while revenue rose 4%. Net earnings were $0.30B, up 1338% year over year. The effective tax rate was 20.1%.
Operating cash flow was $0.57B (down 19% year over year), 189% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization. Working capital and other items added $0.25B. Capital expenditures of $0.03B left free cash flow of $0.54B.
Questions
What was CNA Financial's revenue in the fourth quarter 2025?
CNA Financial (CNA) reported revenue of $3.8B for the fourth quarter 2025 (Q4 2025), +4% from a year earlier and +0.3% from the quarter before.
Was CNA Financial profitable in the fourth quarter 2025?
Operating profit was $378M (9.9% of revenue) and net earnings $302M.
Source: CNA Financial 10-K on SEC EDGAR.