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Side-by-side financial comparison of AMERISAFE INC (AMSF) and CNA FINANCIAL CORP (CNA). Click either name above to swap in a different company.

CNA FINANCIAL CORP is the larger business by last-quarter revenue ($389.0M vs $80.1M, roughly 4.9× AMERISAFE INC). CNA FINANCIAL CORP runs the higher net margin — 77.6% vs 10.2%, a 67.5% gap on every dollar of revenue. On growth, AMERISAFE INC posted the faster year-over-year revenue change (10.3% vs -2.0%). Over the past eight quarters, AMERISAFE INC's revenue compounded faster (2.8% CAGR vs -2.2%).

AMERISAFE Inc. is a specialty insurance provider that focuses exclusively on workers' compensation coverage for small and mid-sized businesses in high-hazard industries including construction, logging, trucking, and manufacturing. It operates across 49 U.S. states, offering tailored insurance policies paired with targeted risk management support for clients.

CNA Financial Corporation is a financial corporation based in Chicago, Illinois, United States. Its principal subsidiary, Continental Casualty Company (CCC), was founded in 1897, and The Continental Insurance Company (CIC) was organized in 1853. CNA, the current parent company, was incorporated in 1967.

AMSF vs CNA — Head-to-Head

Bigger by revenue
CNA
CNA
4.9× larger
CNA
$389.0M
$80.1M
AMSF
Growing faster (revenue YoY)
AMSF
AMSF
+12.3% gap
AMSF
10.3%
-2.0%
CNA
Higher net margin
CNA
CNA
67.5% more per $
CNA
77.6%
10.2%
AMSF
Faster 2-yr revenue CAGR
AMSF
AMSF
Annualised
AMSF
2.8%
-2.2%
CNA

Income Statement — Q1 2026 vs Q4 2025

Metric
AMSF
AMSF
CNA
CNA
Revenue
$80.1M
$389.0M
Net Profit
$8.1M
$302.0M
Gross Margin
Operating Margin
97.2%
Net Margin
10.2%
77.6%
Revenue YoY
10.3%
-2.0%
Net Profit YoY
-9.0%
1338.1%
EPS (diluted)
$0.43
$1.11

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AMSF
AMSF
CNA
CNA
Q1 26
$80.1M
Q4 25
$81.6M
$389.0M
Q3 25
$82.0M
$393.0M
Q2 25
$81.1M
$398.0M
Q1 25
$72.6M
$397.0M
Q4 24
$74.0M
$397.0M
Q3 24
$78.7M
$401.0M
Q2 24
$75.8M
$404.0M
Net Profit
AMSF
AMSF
CNA
CNA
Q1 26
$8.1M
Q4 25
$10.4M
$302.0M
Q3 25
$13.8M
$403.0M
Q2 25
$14.0M
$299.0M
Q1 25
$8.9M
$274.0M
Q4 24
$13.2M
$21.0M
Q3 24
$14.3M
$283.0M
Q2 24
$11.0M
$317.0M
Operating Margin
AMSF
AMSF
CNA
CNA
Q1 26
Q4 25
15.6%
97.2%
Q3 25
21.3%
Q2 25
21.5%
95.5%
Q1 25
15.5%
87.9%
Q4 24
22.7%
5.3%
Q3 24
22.6%
90.0%
Q2 24
18.1%
99.5%
Net Margin
AMSF
AMSF
CNA
CNA
Q1 26
10.2%
Q4 25
12.8%
77.6%
Q3 25
16.9%
102.5%
Q2 25
17.2%
75.1%
Q1 25
12.3%
69.0%
Q4 24
17.8%
5.3%
Q3 24
18.2%
70.6%
Q2 24
14.5%
78.5%
EPS (diluted)
AMSF
AMSF
CNA
CNA
Q1 26
$0.43
Q4 25
$0.55
$1.11
Q3 25
$0.72
$1.48
Q2 25
$0.73
$1.10
Q1 25
$0.47
$1.00
Q4 24
$0.69
$0.07
Q3 24
$0.75
$1.04
Q2 24
$0.57
$1.17

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AMSF
AMSF
CNA
CNA
Cash + ST InvestmentsLiquidity on hand
$34.2M
Total DebtLower is stronger
$3.0B
Stockholders' EquityBook value
$246.6M
$11.6B
Total Assets
$69.4B
Debt / EquityLower = less leverage
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMSF
AMSF
CNA
CNA
Q1 26
$34.2M
Q4 25
$61.9M
Q3 25
$54.7M
Q2 25
$48.5M
Q1 25
$44.8M
Q4 24
$44.1M
Q3 24
$63.7M
Q2 24
$30.6M
Total Debt
AMSF
AMSF
CNA
CNA
Q1 26
Q4 25
$3.0B
Q3 25
Q2 25
Q1 25
Q4 24
$3.0B
Q3 24
Q2 24
Stockholders' Equity
AMSF
AMSF
CNA
CNA
Q1 26
$246.6M
Q4 25
$251.6M
$11.6B
Q3 25
$274.8M
$11.3B
Q2 25
$265.6M
$10.7B
Q1 25
$260.8M
$10.3B
Q4 24
$257.3M
$10.5B
Q3 24
$314.4M
$10.8B
Q2 24
$301.0M
$9.9B
Total Assets
AMSF
AMSF
CNA
CNA
Q1 26
Q4 25
$1.1B
$69.4B
Q3 25
$1.2B
$69.8B
Q2 25
$1.2B
$68.9B
Q1 25
$1.2B
$67.3B
Q4 24
$1.2B
$66.5B
Q3 24
$1.3B
$67.4B
Q2 24
$1.2B
$65.2B
Debt / Equity
AMSF
AMSF
CNA
CNA
Q1 26
Q4 25
0.26×
Q3 25
Q2 25
Q1 25
Q4 24
0.28×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AMSF
AMSF
CNA
CNA
Operating Cash FlowLast quarter
$570.0M
Free Cash FlowOCF − Capex
$542.0M
FCF MarginFCF / Revenue
139.3%
Capex IntensityCapex / Revenue
7.2%
Cash ConversionOCF / Net Profit
1.89×
TTM Free Cash FlowTrailing 4 quarters
$2.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMSF
AMSF
CNA
CNA
Q1 26
Q4 25
$10.6M
$570.0M
Q3 25
$10.7M
$720.0M
Q2 25
$-8.4M
$562.0M
Q1 25
$-1.8M
$638.0M
Q4 24
$10.8M
$703.0M
Q3 24
$8.4M
$748.0M
Q2 24
$-2.6M
$616.0M
Free Cash Flow
AMSF
AMSF
CNA
CNA
Q1 26
Q4 25
$10.4M
$542.0M
Q3 25
$9.8M
$704.0M
Q2 25
$-9.5M
$538.0M
Q1 25
$-1.8M
$620.0M
Q4 24
$10.8M
$665.0M
Q3 24
$8.4M
$730.0M
Q2 24
$-2.6M
$597.0M
FCF Margin
AMSF
AMSF
CNA
CNA
Q1 26
Q4 25
12.8%
139.3%
Q3 25
11.9%
179.1%
Q2 25
-11.7%
135.2%
Q1 25
-2.5%
156.2%
Q4 24
14.6%
167.5%
Q3 24
10.7%
182.0%
Q2 24
-3.5%
147.8%
Capex Intensity
AMSF
AMSF
CNA
CNA
Q1 26
Q4 25
0.2%
7.2%
Q3 25
1.1%
4.1%
Q2 25
1.3%
6.0%
Q1 25
0.0%
4.5%
Q4 24
0.0%
9.6%
Q3 24
0.0%
4.5%
Q2 24
0.1%
4.7%
Cash Conversion
AMSF
AMSF
CNA
CNA
Q1 26
Q4 25
1.02×
1.89×
Q3 25
0.77×
1.79×
Q2 25
-0.61×
1.88×
Q1 25
-0.20×
2.33×
Q4 24
0.82×
33.48×
Q3 24
0.59×
2.64×
Q2 24
-0.24×
1.94×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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