CNA Financial Reports 2025 Growth in Insurance Income and Dividends

CNA Financial Corporation, a prominent player in the U.S. commercial property and casualty insurance industry, has released its financial outcomes for the fourth quarter and entire year of 2025. The company reported significant growth in both net income and core income, boosted by strong operational performance and effective strategic initiatives. This financial performance has also led to an increase in dividends.

Financial Overview

CNA Financial's net income for the fourth quarter of 2025 was $302 million, or $1.11 per share, marking a substantial increase from the $21 million, or $0.07 per share, of the previous year. However, the core income for the quarter slightly decreased to $317 million, or $1.16 per share, from $342 million, or $1.25 per share, year-over-year. For the full year, net income reached a record $1,278 million, or $4.69 per share, compared to $959 million, or $3.52 per share, in 2024. The annual core income rose marginally to $1,342 million, or $4.93 per share, from $1,316 million, or $4.83 per share, in the previous year.

Operational Performance

The Property & Casualty segments reported core income of $449 million in the fourth quarter, a minor decline from $451 million the prior year. The P&C combined ratio remained stable at 93.8%, slightly changing from 93.1% a year earlier. Annually, the P&C segment’s core income rose to $1,664 million, with the combined ratio improving to 94.7% from 94.9% in 2024.

Conversely, the Life & Group segment recorded a core loss of $29 million in the fourth quarter, worsening from an $18 million loss the previous year. The full year's core loss in this segment was $44 million, up from a $23 million loss in 2024. Additionally, the Corporate & Other segment experienced a core loss of $103 million for the quarter, up from $91 million in the prior year, and $278 million annually, up from $210 million the year before.

Strategic Developments

CNA Financial announced an increase in its regular quarterly dividend by 4% to $0.48 per share, alongside a special dividend of $2.00 per share. The rating agency AM Best upgraded CNA’s financial strength rating to A+ with a stable outlook, reflecting the firm's robust operational performance and advanced risk management practices.

Executive Insights

Douglas M. Worman, Chairman & CEO of CNA Financial Corporation, remarked, "In the fourth quarter, we produced excellent results with $317 million of core income, capping off a record core income of $1,342 million for the full year. The 2025 full year core income reflects continued excellent underlying underwriting and investment outcomes, which are both record highs, contributing to delivering nearly $2.5 billion of cash flow from operations."

Future Direction

Heading into 2026, CNA Financial is poised to sustain its momentum through disciplined underwriting and strategic market approaches. The company leverages its solid financial foundation to pursue further growth within the industry.

Source: SEC Filing, CNA Financial Corp [CNA] - 8-K, February 09, 2026.