CNA Financial Trades at 1.11X Price-to-Book, Boasts 4% Dividend Yield
CNA Financial’s shares trade at a forward price-to-book of 1.11X compared with the industry’s 1.41X and sit above the 200-day moving average near a 52-week high. The insurer’s market cap is $12.87 billion with a 12.2% ROE, projected 2.3% revenue growth in 2026 and a 4% dividend yield (6.3% 10-year CAGR).
1. Valuation Discount to Peers
CNA Financial is trading at a forward price-to-book ratio of 1.11X, notably below the 1.41X industry average, while also outperforming technical indicators by remaining above its 200-day simple moving average and nearing a 52-week high of $51.34.
2. Growth and Profitability Outlook
Analysts forecast CNA’s revenues to reach $13.81 billion in 2026, a 2.3% year-over-year increase, with 2027 earnings and revenues expected to grow by 14% and 4.5%, respectively. The company reports a trailing-12-month ROE of 12.2%, well above the industry’s 7.2%, driven by solid retention and new business across specialty and commercial segments.
3. Capital Strength and Shareholder Returns
As of December 31, 2025, statutory capital and surplus stood at $11.6 billion, supporting a conservative balance sheet and diversified investment-grade fixed-income portfolio. CNA has delivered a 6.3% dividend CAGR over the past decade and currently offers a 4% yield, reflecting strong capital generation and shareholder-friendly policies.