)
Edge12 Dec 2025
Running on Clouds: The Story of On
The story of how a Swiss runner's pursuit of a new running sensation became On, aiming to be the most premium global sportswear brand worldwide.
CNA Financial (CNA) investor relations material
CNA Financial Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary3 Nov, 2025
Executive summary
Net income for Q3 2025 was $403 million ($1.48 per share), up from $283 million ($1.04 per share) year-over-year; core income reached a record $409 million ($1.50 per share), up 40% from $293 million ($1.08 per share), driven by lower catastrophe losses, improved underwriting, and higher investment income.
Year-to-date core income surpassed $1 billion for the first time, up 5% to $1,025 million.
Underwriting income for Q3 was $194 million, nearly triple the prior year, with a record underlying underwriting gain of $235 million.
Board declared a regular quarterly cash dividend of $0.46 per share, payable December 2025.
Leadership transition announced: Douglas M. Worman appointed Chairman effective January 1, 2026.
Financial highlights
Revenues for Q3 2025 were $3.82 billion, up 6% year-over-year; year-to-date revenues up 5%.
Net investment income for Q3 2025 was $638 million, up 2% year-over-year, driven by higher fixed income results.
Diluted EPS: $1.48 (net income), $1.50 (core income), up 42% and 39% year-over-year, respectively.
Book value per share excluding AOCI was $46.30, up 8% from year-end 2024 after adjusting for dividends.
Statutory capital and surplus for the Combined Continental Casualty Companies was $11.5 billion as of September 30, 2025.
Outlook and guidance
Financial strength ratings affirmed by all four rating agencies since August 2024; Moody's and AM Best positive, S&P and Fitch stable.
Management expects sufficient liquidity and capital resources to fund current and expected needs.
No material impact from recent federal tax law changes; forward-looking statements highlight ongoing monitoring of reserve adequacy and market risks.
Company is positioned for a strong year-end finish, citing outstanding underwriting, prudent risk management, and strategic growth.
Investments in talent, technology, and expansion in excess and surplus lines are expected to drive future growth.
Commercial social inflation impact & mitigation
Cardinal E&S expansion details
Life & Group legacy liability strategy
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next CNA Financial earnings date
Q4 20252 Feb, 2026
Next CNA Financial earnings date
Q4 20252 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. Their performance and investment management segment develops analytics and provides advisory, asset management, and technology services. They also offer large public sector customers with a wide range of health-care related services under contracts with various government agencies, including Medicare Advantage plans. CNA Financial Corporation is a subsidiary of Loews Corporation.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage