Cna Financial's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Cna Financial (CNA) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Cna Financial vs Its Competitors
- TTM: Trailing 12-month revenue of 15,155M vs -M combined for its competitors (100.0% combined share).
- Trending: Latest-quarter revenue run-rate is holding steady (+0.9% annualized vs trailing 12 months).
- Scale: Cna Financial ranks #16 of 63 companies by market capitalization in the Property & Casualty Insurance industry, holding 0.6% of industry market cap.
- Peer revenue share: Cna Financial accounted for 100.0% of combined revenue among its tracked peer group, up from 100.0% a year earlier.
- Peer differentiation: Revenue per employee of $2.30M compares with $2.46M for the peer group (0.9x).
- Structure: Cna Financial operates in the following segments: Commercial, Specialty, International, Life and Group Non-Core, Corporate Segment and Other Operating.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
CNA Sales vs. its Competitors, Q3 2026
Cna Financial generated 100.00 % of the combined sales of its peer group, up from 100.00 % a year earlier.
API endpoints for this dataset
For context: the Property & Casualty Insurance industry grew revenue 3.7% year over year, combined, vs 0.1% for Cna Financial. Cna Financial's share of combined industry revenue moved from 1.46% to 1.41%, a loss of 0.05 percentage points.
Cna Financial's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Cna Financial Corporation | Yes | Yes | No | No |
| Competitors combined (2) | ||||
| High-Confidence Competitors (6) | ||||
| Similar-Size Competitors (10) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
CNA Stock Performance relative to its Competitors
CNA Stock Performance relative to High-Confidence Competitors
CNA Stock Performance relative to Similar-Size Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Skyward Specialty Insurance Group Inc | 282.9% | Outperformed |
| 2 | Arch Capital Group Ltd | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Cna Financial's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Cna Financial's Comment on Competition and Industry Peers
Publicly Traded Peers of Cna Financial Corporation
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Cna Financial Corporation |
12,871.04 | 15,155.00 |
 Arch Capital Group Ltd |
37,419.26 | 19,232.00 |
 Skyward Specialty Insurance Group Inc |
2,757.55 | 1,733.51 |
| SUBTOTAL | 53,047.85 | 36,120.51 |
Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Cna Financial Corporation versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Cna Financial's Competitors Named by the Company
Competitive relationships identified from Cna Financial reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Arch Capital Group Ltd | Company report | 85% |
| Skyward Specialty Insurance Group Inc | Company report | 85% |
| Boston Omaha Corp | Company report | 85% |
| Bowhead Specialty Holdings Inc | Company report | 85% |
| Amerinst Insurance Group Ltd | Company report | 85% |
| Open Lending Corporation | Company report | 85% |
| Power Reit | Company report | 85% |
| Moody s Corporation | Company report | 85% |
| Caesars Entertainment inc | Company report | 85% |
| Hyatt Hotels Corporation | Company report | 85% |
| Mgm Resorts International | Company report | 85% |
| W R Berkley Corp | Company report | 85% |
| Cincinnati Financial Corporation | Company report | 85% |
| Markel Group Inc | Company report | 85% |
| Alleghany Corp | Company report | 85% |
| Travelers Companies inc | Company report | 85% |
| Host Hotels and Resorts Inc | Company report | 85% |
| Hanover Insurance Group Inc | Company report | 85% |
| Assurant Inc | Company report | 85% |
| Prudential Financial Inc | Company report | 85% |
| Aflac Incorporated | Company report | 85% |
| Lincoln National Corporation | Company report | 85% |
| Maiden Holdings Ltd | Company report | 85% |
| State Auto Financial Corporation | Company report | 85% |
| James River Group Holdings Inc | Company report | 85% |
| Everest Group Ltd | Company report | 85% |
| American National Group Inc | Company report | 85% |
| Reinsurance Group Of America Incorporated | Company report | 85% |
| Noble Corporation Plc | Company report | 85% |
| Axis Capital Holdings Limited | Company report | 85% |
| Allstate Corp | Company report | 85% |
| Heritage Insurance Holdings Inc | Company report | 85% |
| Safety Insurance Group Inc | Company report | 85% |
| The Hartford Insurance Group Inc | Company report | 85% |
| Sunstone Hotel Investors inc | Company report | 85% |
| Horace Mann Educators Corporation | Company report | 85% |
| Boyd Gaming Corp | Company report | 85% |
| Triple s Management Corporation | Company report | 85% |
| Progressive Corp | Company report | 85% |
| Aspen Insurance Holdings Limited | Company report | 85% |
| Enstar Group Ltd | Company report | 85% |
| United Fire Group Inc | Company report | 85% |
| Kemper Corporation | Company report | 85% |
| Genworth Financial Inc | Company report | 85% |
| Intercontinental Hotels Group Plc | Company report | 85% |
| National Western Life Group Inc | Company report | 85% |
| American Financial Group Inc | Company report | 85% |
| Metlife Inc | Company report | 85% |
| Berkshire Hathaway Inc | Company report | 85% |
| Marriott International Inc | Company report | 85% |
| Selective Insurance Group Inc | Company report | 85% |
| Renaissancere Holdings Ltd | Company report | 85% |
| Park Hotels and Resorts Inc | Company report | 85% |
| Mercury General Corporation | Company report | 85% |
| Las Vegas Sands Corp | Company report | 85% |
| Kingstone Companies Inc | Company report | 85% |
| Principal Financial Group inc | Company report | 85% |
| American International Group Inc | Company report | 85% |
| Hilton Worldwide Holdings Inc | Company report | 85% |
| Old Republic International Corporation | Company report | 85% |
| Universal Insurance Holdings Inc | Company report | 85% |
| Xenia Hotels and Resorts Inc | Company report | 85% |
| Voya Financial Inc | Company report | 85% |
| Monarch Casino and Resort inc | Company report | 85% |
| Security National Financial Corporation | Company report | 85% |
| White Mountains Insurance Group ltd | Company report | 85% |
Company report basis, confidence, active dates and source counts for Cna Financial's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Cna Financial's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Cna Financial Corporation | Commercial 44.07 % |
| Arch Capital Group Ltd | Insurance 41.61 % |
| Skyward Specialty Insurance Group Inc | Skyward Specialty 72.46 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Cna Financial's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Cna Financial Corporation | 12,871 | 2,296,212 | 156,061 |
| Arch Capital Group Ltd | 37,419 | 2,404,000 | 586,500 |
| Skyward Specialty Insurance Group Inc | 2,758 | 3,366,041 | 364,854 |
| PEERS TOTAL | 40,177 | 2,462,186 | 573,095 |
Cna Financial's Position in Industry Market Structure
Market-capitalization share and concentration across all 63 companies in Cna Financial's industry classification, broader than the peer set above. Market cap in millions of $.Cna Financial ranks #16 of 63 companies by market capitalization in its industry, holding 0.63 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 3,659, indicating a highly concentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 2 | Chubb Limited | 142,814 | 6.88 % |
| 3 | Progressive Corp | 133,063 | 6.41 % |
| 4 | Travelers Companies inc | 84,415 | 4.07 % |
| 5 | Allstate Corp | 66,021 | 3.18 % |
| 6 | American International Group Inc | 1,234 | 5.2% |
| 7 | Arch Capital Group Ltd | 1,234 | 5.2% |
| 8 | The Hartford Insurance Group Inc | 1,234 | 5.2% |
| 9 | W R Berkley Corp | 1,234 | 5.2% |
| 10 | Cincinnati Financial Corporation | 1,234 | 5.2% |
| 11 | Markel Group Inc | 1,234 | 5.2% |
| 16 | Cna Financial Corporation | 13,014 | 0.63 % |
Market cap and industry share for the rest of Cna Financial's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-06-26.
Cna Financial's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 11 | Markel Group Inc | 24,416 | -3.56 % |
| 12 | Loews Corp | 22,553 | 8.85 % |
| 13 | Everest Group Ltd | 15,951 | 28.87 % |
| 14 | Assurant Inc | 15,298 | 39.96 % |
| 15 | Renaissancere Holdings Ltd | 1,234 | 12.3% |
| 17 | American Financial Group Inc | 1,234 | 12.3% |
| 18 | Old Republic International Corporation | 1,234 | 12.3% |
| 19 | Kinsale Capital Group Inc | 1,234 | 12.3% |
| 20 | Hanover Insurance Group Inc | 1,234 | 12.3% |
| 21 | Axis Capital Holdings Limited | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Cna Financial's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-06. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Cna Financial's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Property & Casualty Insurance industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (89 companies). See the full Property & Casualty Insurance industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 87.17 % | 46.05 % (avg) | +41.1 pp |
| Operating Margin | - | industry median | - |
| EBITDA Margin | 30.06 % | 23.13 % (avg) | +6.9 pp |
| Capital Intensity (Capex / Revenue) | 0.53 % | 0.92 % (avg) | -0.4 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Cna Financial's Valuation vs Competitive Position
Valuation multiples vs the Property & Casualty Insurance industry average (89 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Property & Casualty Insurance industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 13.2x | 11.7x | +1.6x |
| EV / EBITDA | 3.6x | 5.1x | -1.6x |
| P/B | 1.2x | 2.1x | -0.8x |
| Return on Equity | 9.39 % | industry aggregate | -10.91 % |
| Return on Invested Capital | - | 8.01 % (avg) | - |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Cna Financial's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 6.68 % | 6.25 % | 0.38 % | 11.46 % | -1.39 % | 11.95 % | 7.30 % | 5.04 % |
| Operating Margin | 80.16 % | 79.72 % | 79.01 % | 79.88 % | 78.26 % | 78.96 % | 79.21 % | 79.69 % |
| Return on Invested Capital | 13.76 % | 13.87 % | 13.38 % | 13.84 % | 13.28 % | 13.70 % | 13.98 % | 16.97 % |
| P/E | 8.5x | 7.3x | 14.7x | 9.8x | 12.8x | 7.3x | 12.0x | 9.2x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Cna Financial's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
Cna Financial falls in the Dog quadrant: relative market share of 0.09x vs its largest competitor, in an industry growing revenue 5.7% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Cna Financial's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Low | Industry HHI of 3,659 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 0.53 % vs industry average 0.92 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Cna Financial's dedicated Suppliers and Customers pages, not here.
Cna Financial's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Cna Financial falls in the High attractiveness / Medium strength cell: Invest / Grow.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Cna Financial's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
No rule matched.
Weaknesses
- Return on equity 10.9 points below the industry aggregate.
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.09x).
Opportunities
No rule matched.
Threats
No rule matched.
Methodology: see Methodology: SWOT Analysis.
Cna Financial's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Cna Financial Corporation | 0.03 | 0.71 | 0.27 |
| Arch Capital Group Ltd | 0.29 | 3.48 | 0.13 |
| Skyward Specialty Insurance Group Inc | - | - | 0.02 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Cna Financial's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Cna Financial Corporation | Q3 2026 | +0.1 % | -51.4 % |
| Arch Capital Group Ltd | Q2 2026 | -10.5 % | -14.6 % |
| Skyward Specialty Insurance Group Inc | Q2 2026 | +53.0 % | +26.3 % |
| PEERS TOTAL | -4.0 % | -22.4 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Cna Financial's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Cna Financial Corporation | Q3 2026 | +4.1 % | +25.0 % |
| Arch Capital Group Ltd | Q2 2026 | -12.9 % | +16.7 % |
| Skyward Specialty Insurance Group Inc | Q2 2026 | +59.4 % | -11.1 % |
Cna Financial's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Cna Financial Corporation | 1.49% | 1.73% | 9.39% |
| Arch Capital Group Ltd | 5.77% | 6.76% | 19.52% |
| Skyward Specialty Insurance Group Inc | 3.31% | 4.24% | 16.84% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Cna Financial's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Cna Financial Corporation | 12.49 | 0.85 |
| Arch Capital Group Ltd | 8.44 | 1.95 |
| Skyward Specialty Insurance Group Inc | 14.07 | 1.59 |
| PEERS AVERAGE | 8.98 | 1.47 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.