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CNA CNA Financial

CNA is one of the largest U.S. commercial property and casualty insurance companies. CNA provides a broad range of standard and specialized property and casualty insurance products and services for businesses and professionals in the U.S., Canada and Europe, backed by more than 120 years of experience and approximately $45 billion of invested assets.

Company profile

CNA stock data

(
)

Investment data

Data from SEC filings
Top 50 of 198 long holdings
End of quarter 31 Mar 21
Value
 
#Shares
 
Prev Q
 
Change
%, QoQ
$9.85M 35K 30K +16.7
$9.52M 400K 175K +128.6
$9.15M 145K 120K +20.8
$8.88M 43.5K 45K -3.3
$8.66M 80K 90.25K -11.4
$8.28M 110K 95K +15.8
$7.74M 65K 50K +30.0
$7.01M 29K 33.25K -12.8
$6.19M 3K NEW
$6.09M 40K 57K -29.8
$5.89M 20K 10K +100.0
$5.82M 45K 57K -21.1
$5.76M 82.5K 95K -13.2
$5.74M 40K 58K -31.0
$5.51M 250K 237.5K +5.3
$5.41M 100K 109.25K -8.5
$5.4M 60K 85.5K -29.8
$5.29M 25K NEW
$5.18M 85K 40K +112.5
$5.02M 100K NEW
$4.96M 12K 9K +33.3
$4.86M 15K NEW
$4.14M 80K 125K -36.0
$3.82M 40K 45K -11.1
$3.68M 100K 125K -20.0
$3.37M 19.73K 20.82K -5.2
$3.13M 28.25K 27.43K +3.0
$3.13M 32.8K 32.14K +2.1
$3M 45K 125K -64.0
$2.49M 17.46K NEW
$2.33M 17.45K 18.56K -6.0
$2.24M 111.82K 111.82K 0
$2.22M 17.5K 19.59K -10.7
$2.13M 11.68K 11.68K 0
$2.06M 169.64K NEW
$2.03M 50.27K 50.27K 0
$1.95M 9.92K 11.35K -12.6
$1.91M 20K 20K 0
$1.9M 33.63K 16.67K +101.7
$1.87M 17.79K 22.25K -20.1
$1.67M 15.57K 13.27K +17.3
$1.62M 63.89K NEW
$1.59M 19.37K 18.73K +3.4
$1.56M 37.12K 32.86K +13.0
$1.54M 15.19K 15.19K 0
$1.52M 15.86K 15.41K +2.9
$1.5M 11.06K 11.11K -0.5
$1.47M 19.06K 19.06K 0
$1.47M 6.39K 6.54K -2.3
$1.46M 42K NEW
Holdings list only includes long positions. Only includes long positions.

Calendar

7 May 21
31 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 588M 588M 588M 588M 588M 588M
Cash burn (monthly) (positive/no burn) 22.42M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) n/a 90.01M n/a n/a n/a n/a
Cash remaining n/a 497.99M n/a n/a n/a n/a
Runway (months of cash) n/a 22.2 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
16 Jun 21 Aguinaga Elizabeth Ann Common Stock Sell Dispose S No No 47.7 2,313 110.33K 40,804
7 May 21 Daniel Paul Franzetti Common Stock Sell Dispose S No No 48.1 9,486 456.28K 37,451
6 Apr 21 Daniel Paul Franzetti Common Stock Payment of exercise Dispose F No No 46.31 7,544 349.36K 46,937
15 Mar 21 Aguinaga Elizabeth Ann Common Stock Payment of exercise Dispose F No No 45.98 3,236 148.79K 43,117
15 Mar 21 Aguinaga Elizabeth Ann Common Stock Grant Aquire A No No 0 19,617 0 46,353

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

98.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 175 158 +10.8%
Opened positions 44 28 +57.1%
Closed positions 27 35 -22.9%
Increased positions 56 54 +3.7%
Reduced positions 46 56 -17.9%
13F shares
Current Prev Q Change
Total value 13.17B 12.34B +6.7%
Total shares 268.09M 268.84M -0.3%
Total puts 20.1K 39.9K -49.6%
Total calls 19.6K 64.8K -69.8%
Total put/call ratio 1.0 0.6 +66.5%
Largest owners
Shares Value Change
L Loews 243.21M $10.85B 0.0%
TROW T. Rowe Price 5.96M $266.15M +1.1%
JPM JPMorgan Chase & Co. 1.86M $83.2M +15.7%
LSV Asset Management 1.48M $65.99M +4.8%
River Road Asset Management 1.39M $62.09M +3.1%
Donald Smith & Co. 1.38M $61.77M -10.5%
First Trust Advisors 1.29M $57.54M -7.7%
BLK Blackrock 1.27M $56.5M +12.5%
Private Management 958.7K $42.79M -0.4%
BK Bank Of New York Mellon 811.66K $36.22M -21.6%
Largest transactions
Shares Bought/sold Change
Norges Bank 0 -418.77K EXIT
Renaissance Technologies 28.7K -279.2K -90.7%
JPM JPMorgan Chase & Co. 1.86M +253.19K +15.7%
BK Bank Of New York Mellon 811.66K -224.15K -21.6%
Balyasny Asset Management 184.03K +176.99K +2512.2%
Donald Smith & Co. 1.38M -162.09K -10.5%
UBS UBS Group AG - Registered Shares 34.29K -160.71K -82.4%
Millennium Management 202.96K +155.15K +324.5%
BLK Blackrock 1.27M +141.13K +12.5%
First Trust Advisors 1.29M -107.28K -7.7%

Financial report summary

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Risks
  • The COVID-19 pandemic and measures to mitigate the spread of the virus have resulted in significant risk across our enterprise, which have had, and may continue to have, material adverse impacts on our business, results of operations and financial condition, the extent of which cannot be determined with any certainty at this time.
  • If we determine that our recorded insurance reserves are insufficient to cover our estimated ultimate unpaid liability for claim and claim adjustment expenses, we may need to increase our insurance reserves which would result in a charge to our earnings.
  • Our actual experience could vary from the key assumptions used to determine active life reserves for long term care policies.
  • We are vulnerable to material losses from natural and man-made disasters.
  • We are exposed to, and may face adverse developments related to, mass tort claims that could arise from our insureds’ sale or use of potentially harmful products or substances, changes to the social and legal environment, issues related to altered interpretation of coverage and other new and emerging claim theories.
  • We may not be able to obtain sufficient reinsurance at a cost or on terms and conditions we deem acceptable, which could result in increased exposure to risk or a decrease in our underwriting commitments.
  • We face intense competition in our industry; we may be adversely affected by the cyclical nature of the property and casualty business and the evolving landscape of our distribution network.
  • We may be adversely affected by technological changes or disruptions in the insurance marketplace.
  • We face considerable competition within our industry for qualified, specialized talent and any significant inability to attract and retain talent may adversely affect the execution of our business strategies.
  • We are controlled by a single stockholder which could result in potential conflicts of interest.
  • We may incur significant realized and unrealized investment losses and volatility in net investment income arising from changes in the financial markets.
  • We use analytical models to assist our decision making in key areas such as pricing, reserving and capital modeling and may be adversely affected if actual results differ materially from the model outputs and related analyses.
  • Any significant breach in our data security infrastructure could disrupt business, cause financial losses and damage our reputation.
  • Inability to detect and prevent significant employee or third party service provider misconduct, inadvertent errors and omissions, or exposure relating to functions performed on our behalf could result in a materially adverse effect on our business, results of operations and financial condition.
  • Loss of key vendor relationships and issues relating to the transitioning of vendor relationships could compromise our ability to conduct business.
  • Our insurance subsidiaries, upon whom we depend for dividends in order to fund our corporate obligations, are limited by insurance regulators in their ability to pay dividends.
  • Rating agencies may downgrade their ratings of us, thereby adversely affecting our ability to write insurance at competitive rates or at all and increasing our cost of capital.
  • We are subject to extensive existing state, local, federal and foreign governmental regulations that restrict our ability to do business and generate revenues; additional regulation or significant modification to existing regulations or failure to comply with regulatory requirements may have a materially adverse effect on our business, results of operations and financial condition.
Management Discussion
  • Core income decreased $244 million in 2020 as compared with 2019. Core income for our Property & Casualty Operations decreased $356 million primarily due to higher net catastrophe losses and lower net investment income partially offset by improved non-catastrophe current accident year underwriting results. Core results for our Life & Group segment improved $118 million. Life & Group results for the year ended December 31, 2020 include a $59 million charge related to recognition of a premium deficiency as a result of the third quarter 2020 GPV compared to a $170 million charge in 2019 related to recognition of a premium deficiency as a result of the third quarter 2019 GPV. Core loss for our Corporate & Other segment increased $6 million.
Content analysis
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