CNA Financial Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,278	959	1,205	682	1,184
Depreciation & Amortization	70	67	73	51	54
Gain (Loss) on Sale of Investments	-127	-119	-92	70	-201
Change in Accounts Receivable	-323	-898	-245	-226	-1,358
Change in Insurance Reserves / Liabilities	1,670	2,365	1,667	2,058	2,485
Change in Other Net Operating Assets	-26	-8	-41	-29	3
Other Operating Activities	-1	375	-189	-275	-13
Operating Cash Flow	2,490	2,571	2,285	2,502	1,997
Operating Cash Flow Growth	-3.15%	12.52%	-8.67%	25.29%	12.51%
Capital Expenditures	-86	-95	-90	-52	-26
Sale of Property, Plant & Equipment	12	-	-	-	-
Investment in Securities	-1,303	-1,238	-1,743	-1,375	-1,298
Other Investing Activities	-8	-	-5	-10	1
Investing Cash Flow	-1,449	-1,317	-1,843	-1,512	-1,228
Long-Term Debt Issued	495	490	491	-	-
Total Debt Repaid	-500	-550	-243	-	-
Net Debt Issued (Repaid)	-5	-60	248	-	-
Repurchases of Common Stock	-34	-20	-24	-39	-18
Common Dividends Paid	-501.69	-1,025	-787	-982	-621
Other Financing Activities	-18	-12	-14	-11	-9
Financing Cash Flow	-1,104	-1,117	-577	-1,032	-648
Foreign Exchange Rate Adjustments	16	-10	5	-19	-4
Net Cash Flow	-47	127	-130	-61	117
Free Cash Flow	2,404	2,476	2,195	2,450	1,971
Free Cash Flow Growth	-2.91%	12.80%	-10.41%	24.30%	12.50%
Free Cash Flow Margin	16.04%	17.35%	16.50%	20.63%	16.55%
Free Cash Flow Per Share	8.82	9.08	8.06	8.99	7.22
Cash Interest Paid	129	122	124	109	110
Cash Income Tax Paid	263	281	282	277	278
Levered Free Cash Flow	2,339	3,467	2,052	-968.25	2,136
Unlevered Free Cash Flow	2,423	3,550	2,131	-898.25	2,206
Change in Working Capital	1,304	1,390	1,296	1,724	1,100

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.