CNA Financial Management
Management criteria checks 3/4
CNA Financial's CEO is Doug Worman, appointed in Jan 2025, has a tenure of 1.42 years. total yearly compensation is $12.62M, comprised of 8.7% salary and 91.3% bonuses, including company stock and options. directly owns 0.089% of the company’s shares, worth $11.25M. The average tenure of the management team and the board of directors is 5.6 years and 8.9 years respectively.
Key information
Doug Worman
Chief executive officer
US$12.6m
Total compensation
| CEO salary percentage | 8.72% |
| CEO tenure | 1.4yrs |
| CEO ownership | 0.09% |
| Management average tenure | 5.6yrs |
| Board average tenure | 8.9yrs |
Recent management updates
Recent updates
CNA Financial: I'm Not So Sure Anymore
Summary CNA Financial released Q1 earnings results, and the stock is down sharply. The quarter had higher claims for CNA, but seasonality isn't unusual for P&C insurers. Bigger concerns are higher competition, social inflation, few growth opportunities, and long-tail product lines. The balance sheet remains healthy, so a better discount is needed to improve chances at attractive, long-term returns. Read the full article on Seeking AlphaCNA Financial: A Reliable Partner For Minority Shareholders
Summary CNA Financial is a solid insurance carrier with steady underwriting performance, mid-single digit turnover growth, and a growing dividend policy, including annual special distributions. Despite a 94% drop in Q4 2024 net income due to pension settlement losses, CNA's property and casualty operations remain steady. The dividend per share will increase by 4.5% to $0.46 per quarter, with a special dividend of $2 per share, yielding approximately 7.8%. CNA remains committed to delivering value for all shareholders. Read the full article on Seeking AlphaCNA Financial: A Steady, Dividend-Oriented Insurer Navigating Through Higher Loss Trends
Summary CNA Financial delivers steady underwriting performance and high single-digit premium growth, resulting in gradual dividend increases and special dividend declarations. Despite higher catastrophe losses, strong investment income drove a 12% year-over-year net income increase in Q3 2024. CNA's valuation is attractive with a price-to-book ratio of 1.18 and a conservative debt profile, making it appealing for dividend-focused investors. With stable financials and expected dividend raises, CNA Financial should offer dependable returns and is a solid option for income and stability seekers. Read the full article on Seeking Alpha
Doug Worman's Leadership Marks A New Era Of Underwriting Discipline And Profitable Growth
Doug Worman's appointment as CEO emphasizes underwriting discipline and profitable growth, promising improved net margins and earnings.CNA Financial: Steady Performance For A Steady Insurance Carrier
Summary CNA Financial reported a $317 million profit in Q2 2024, a 12% increase from the prior year. Despite higher catastrophe losses, investment income growth drove higher earnings. Underwriting performance remained strong, with a gain of $124 million in Q2 2024 contributing to a year-to-date underwriting income of $250 million. Although CNA's current valuation is not appealing for investors seeking aggressive returns, the consistent and recurring cash flows will serve dividend-oriented investors well. Read the full article on Seeking AlphaA Review Of CNA Financial's Recent Performance
Summary CNA Financial reported consistent net income of $338 million in Q1 2024, driven by higher investment income and robust underwriting performance. The specialty business maintained a steady combined ratio of 90.7%, while the commercial business experienced premium growth but a deteriorated combined ratio. Looking ahead, CNA Financial remains well-positioned to provide recurring and steady cash flows through dividend increases and special dividend payments. Therefore, the insurance carrier, approximately 90% owned by Loews, could be an attractive choice for dividend seekers. Read the full article on Seeking AlphaCNA Financial: Strong History At A Good Price
Summary CNA Financial is a global property-casualty insurance company with a strong financial position and low P/E ratio. The company operates in three segments: Specialty, Commercial, and International, all of which generate underwriting profits. CNA has a steady growth in revenues and earnings, with its effective pricing models across its segments. Read the full article on Seeking AlphaCNA Financial: A Good Candidate For Dividend Seekers
Summary CNA Financial reports consistent net income of $258 million in Q3, contributing to a year-to-date profit increase. Positive earnings driven by higher yields on fixed-income securities and robust underwriting performance. Commercial and international business segments show strong performance, while specialty business experiences slight deterioration. Read the full article on Seeking AlphaCNA Financial: A Compelling Opportunity For Dividend Income Investors
Summary CNA Financial reports steady net income of $283 million in Q2, influenced by increased investment income. The fixed-income portfolio generates a pre-tax income of $490 million, contributing to overall investment income. The property and casualty segments experience a premium growth of 10%, driven by high retention rates and increased premium rates. Even with reduced underwriting margins, CNA is strongly positioned to reward its loyal shareholders by allocating surplus capital through gradually increasing quarterly dividends. Read the full article on Seeking AlphaCNA Financial Corporation: For The Dividend Investor This Is A Great Pick
Summary CNA Financial Corporation's share price has dropped since its last quarterly report, but its low p/e and p/b ratios make it an attractive dividend addition to an income portfolio. The company's operations span internationally, and its core ROE was at 10.8% in 2023, with its Commercial segment showing a 19% YoY increase in net written premium. Despite the risk of catastrophe losses, CNA's prudent management has kept its combined ratio below the 10-year average for Q1, and its dividend payout ratio is a reasonable 41%. Read the full article on Seeking AlphaCEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | US$1b |
| Dec 31 2025 | US$13m | US$1m | US$1b |
| Sep 30 2025 | n/a | n/a | US$997m |
| Jun 30 2025 | n/a | n/a | US$877m |
| Mar 31 2025 | n/a | n/a | US$895m |
| Dec 31 2024 | US$9m | US$976k | US$959m |
| Sep 30 2024 | n/a | n/a | US$1b |
| Jun 30 2024 | n/a | n/a | US$1b |
| Mar 31 2024 | n/a | n/a | US$1b |
| Dec 31 2023 | US$8m | US$938k | US$1b |
| Sep 30 2023 | n/a | n/a | US$1b |
| Jun 30 2023 | n/a | n/a | US$777m |
| Mar 31 2023 | n/a | n/a | US$684m |
| Dec 31 2022 | US$7m | US$900k | US$682m |
| Sep 30 2022 | n/a | n/a | US$709m |
| Jun 30 2022 | n/a | n/a | US$1b |
| Mar 31 2022 | n/a | n/a | US$1b |
| Dec 31 2021 | US$6m | US$811k | US$1b |
| Sep 30 2021 | n/a | n/a | US$1b |
| Jun 30 2021 | n/a | n/a | US$1b |
| Mar 31 2021 | n/a | n/a | US$1b |
| Dec 31 2020 | US$5m | US$778k | US$690m |
| Sep 30 2020 | n/a | n/a | US$576m |
| Jun 30 2020 | n/a | n/a | US$470m |
| Mar 31 2020 | n/a | n/a | US$597m |
| Dec 31 2019 | US$4m | US$695k | US$1b |
Compensation vs Market: Doug's total compensation ($USD12.62M) is about average for companies of similar size in the US market ($USD14.67M).
Compensation vs Earnings: Doug's compensation has increased by more than 20% in the past year.
CEO
Doug Worman (58 yo)
Mr. Douglas Merle Worman, B.A. also known as Doug, is President, CEO & Chairman of the Board of Lismore Insurance Company from 2025. Mr. Doug, is President, CEO & Chairman of Columbia Casualty Company, Ame...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.4yrs | US$12.62m | 0.089% $ 11.2m | |
| Executive VP & CFO | 4.3yrs | US$5.05m | 0.037% $ 4.7m | |
| Executive VP and Chief Information | 6.8yrs | US$3.13m | 0.021% $ 2.7m | |
| Executive VP & Chief Administrative Officer | 3yrs | US$4.70m | 0.034% $ 4.3m | |
| Senior Vice President of Investments & Treasury | 11.6yrs | no data | no data | |
| Chief Accounting Officer | 4.5yrs | no data | 0.0090% $ 1.1m | |
| Vice President of Investor Relations & Rating Agencies | no data | no data | no data | |
| Senior Vice President & General Counsel | less than a year | no data | 0.0027% $ 341.5k | |
| Executive VP & Chief Human Resources Officer | 10.8yrs | no data | 0.025% $ 3.2m | |
| Senior Vice President of Property & Marine Operations | 19yrs | no data | no data | |
| Senior VP | no data | no data | no data | |
| Senior Vice President of Mono-line Property Unit | 15.4yrs | no data | no data |
Experienced Management: CNA's management team is seasoned and experienced (5.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.4yrs | US$12.62m | 0.089% $ 11.2m | |
| VP & Director | 8.2yrs | no data | no data | |
| Director | 20.3yrs | US$133.00k | 0.039% $ 5.0m | |
| Director | 41.1yrs | US$133.00k | 0.039% $ 5.0m | |
| Independent Director | 9.2yrs | US$225.00k | no data | |
| Independent Director | 24.1yrs | US$225.00k | no data | |
| Independent Director | 8.7yrs | US$230.00k | 0.00092% $ 116.8k | |
| Presiding Independent Director | 19.3yrs | US$245.00k | no data | |
| Director | 7.2yrs | no data | no data | |
| Director | 7.4yrs | no data | no data |
Experienced Board: CNA's board of directors are considered experienced (8.9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/24 14:52 |
| End of Day Share Price | 2026/06/24 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
CNA Financial Corporation is covered by 5 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Joshua Shanker | BofA Global Research |
| Robert Glasspiegel | Brean Capital Historical (Janney Montgomery) |
| Amit Kumar | Macquarie Research |