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CNA vs THG
Which Stock Would AI Choose? CNA Financial Corporation (CNA) vs. The Hanover Insurance Group (THG) Stock Comparison
Key Takeaways
- CNA (CNA Financial Corporation) is a large, Loews-affiliated commercial insurer that posted record core income in 2025 but saw its most recent quarterly results slightly miss consensus estimates.
- THG (The Hanover Insurance Group) delivered a record 2025 with a roughly 20% operating return on equity (ROE) and beat earnings estimates in its latest quarter.
- Both companies are property and casualty (P&C) insurers, yet CNA skews toward commercial and specialty lines, while THG adds a meaningful personal-lines and independent-agency distribution mix.
- CNA trades near book value with a modest beta, reflecting stability and dividend-focused capital returns, including a special dividend.
- THG shows faster recent earnings growth and improving combined ratios but operates at a smaller market capitalization with softer revenue momentum.
- Relative performance and market positioning hinge on underwriting discipline, catastrophe exposure, and interest-rate-driven investment income for both insurers.
Introduction
Investors evaluating U.S. property and casualty insurers often weigh scale, underwriting profitability, and capital-return policies. This stock comparison examines CNA and THG, two insurers with distinct business mixes and risk profiles. CNA is a Chicago-based commercial insurer majority-owned by Loews Corporation, while THG is a Worcester, Massachusetts-based P&C insurer distributing through independent agents. Traders and investors seeking income, relative-performance signals, and sector positioning may find this comparison useful, particularly given how both companies navigated the recent earnings cycle and shifting catastrophe-loss environment.
CNA Overview and Recent Performance
CNA (CNA Financial Corporation) provides commercial property and casualty insurance across Commercial, Specialty, and International segments, complemented by a Life & Group unit. For full-year 2025, the company reported record core income of $1.34 billion, or $4.93 per share, with P&C core income reaching $1.66 billion. The full-year P&C combined ratio, a measure of claims and expenses relative to premiums, was 94.7%, with an underlying combined ratio of 91.8%.
In its most recent quarter, however, core earnings of $1.16 per share came in modestly below consensus, partly reflecting unfavorable prior-period reserve development and a higher underlying loss ratio. Sentiment in recent weeks has been tempered by these quarterly details even as the company highlighted its third consecutive year of record core income. Management raised the regular quarterly dividend by 4% to $0.48 per share and declared a $2.00 special dividend, reinforcing a shareholder-return emphasis. The stock has traded within a relatively narrow range, consistent with its low beta (a measure of volatility versus the broader market) of roughly 0.36.
THG Overview and Recent Performance
THG (The Hanover Insurance Group) is a property and casualty insurer operating through Core Commercial, Specialty, Personal Lines, and Other segments, with distribution primarily through independent agents and brokers, including its Chaucer unit in the United Kingdom. In its latest reported quarter, revenue rose about 4.3% year over year to roughly $1.69 billion, and earnings per share (EPS) of $5.79 beat consensus by approximately 11%.
Full-year 2025 marked a record for the company, with operating ROE reaching an all-time high of about 20% and the full-year combined ratio improving to 91.6%. Book value per share rose roughly 27% year over year to $100.90. The board increased the quarterly dividend by about 5.6% to $0.95 per share and completed a multi-year share repurchase program totaling approximately $1.17 billion. Recent market activity has reflected strength in underwriting margins and investment income, though revenue growth has remained in the low-to-mid single digits, and management has flagged competitive pressures in certain property lines.
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Head-to-Head Comparison
Although both are P&C insurers, CNA and THG differ in scale, mix, and momentum. CNA carries a larger market capitalization (roughly $11 billion versus about $6 billion for THG) and concentrates on commercial and specialty coverage, giving it meaningful exposure to corporate liability and professional-lines risk. THG blends commercial and specialty business with a substantial personal-lines book, exposing it more directly to auto and homeowner claims trends and catastrophe severity.
On growth, THG has shown faster recent earnings expansion, with net income rising sharply year over year and a lower trailing price-to-earnings (P/E) ratio near 10. CNA delivered steadier, record-setting profitability but saw a more modest earnings trajectory and a slightly softer recent quarter relative to estimates. Risk factors also diverge: CNA's low beta and conservative balance sheet support stability, while THG's higher growth profile carries greater sensitivity to competitive pricing and loss-cost inflation. Both rely on favorable investment income, but CNA's larger fixed-income base provides a steadier interest-rate tailwind, whereas THG's improving combined ratio reflects stronger underwriting execution.
Tickeron AI Verdict
Based on observable factors such as trend consistency, earnings momentum, and relative positioning, Tickeron's AI would likely lean toward THG for near-term momentum, given its record ROE, improving combined ratios, and stronger earnings beats. That said, CNA presents a more stable, dividend-rich profile with lower volatility and a defensively positioned balance sheet, which may appeal to an AI system prioritizing trend consistency and downside protection. The relative ranking would likely depend on the prevailing market regime, with THG favored in risk-on or momentum conditions and CNA favored in stability-seeking environments. These assessments are probabilistic and based on observable data rather than definitive predictions.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is CNA is a Hold and THG is a Buy.
CNA in upward trend: price rose above 50-day moving average on October 20, 2026
CNA moved above its 50-day moving average on October 20, 2026 date and that indicates a change from a downward trend to an upward trend. In 30 of 52 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are 58%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 08, 2026. You may want to consider a long position or call options on CNA as a result. In 47 of 92 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 51%.
The Moving Average Convergence Divergence (MACD) for CNA just turned positive on October 06, 2026. Looking at past instances where CNA's MACD turned positive, the stock continued to rise in 25 of 50 cases over the following month. The odds of a continued upward trend are 50%.
Following a +1.40% 3-day Advance, the price is estimated to grow further. Considering data from situations where CNA advanced for three days, in 165 of 334 cases, the price rose further within the following month. The odds of a continued upward trend are 49%.
Bearish Trend Analysis
The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 8 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CNA declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 44%.
CNA broke above its upper Bollinger Band on October 22, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for CNA entered a downward trend on October 12, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is 18 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 52, placing this stock better than average.
The Tickeron Valuation Rating of 34 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.169) is normal, around the industry mean (-1.701). P/E Ratio (10.596) is within average values for comparable stocks, (9.658). Projected Growth (PEG Ratio) (0.060) is also within normal values, averaging (3.303). Dividend Yield (0.040) settles around the average of (0.026) among similar stocks. P/S Ratio (0.881) is also within normal values, averaging (1.594).
The Tickeron Price Growth Rating for this company is 51 (best 1 - 100 worst), indicating fairly steady price growth. CNA’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of 65 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron PE Growth Rating for this company is 71 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is 92 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
THG in upward trend: price rose above 50-day moving average on October 14, 2026
THG moved above its 50-day moving average on October 14, 2026 date and that indicates a change from a downward trend to an upward trend. In 27 of 38 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are 71%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 06, 2026. You may want to consider a long position or call options on THG as a result. In 55 of 95 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 58%.
The Moving Average Convergence Divergence (MACD) for THG just turned positive on October 08, 2026. Looking at past instances where THG's MACD turned positive, the stock continued to rise in 27 of 48 cases over the following month. The odds of a continued upward trend are 56%.
The 10-day moving average for THG crossed bullishly above the 50-day moving average on October 19, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 9 of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 60%.
Following a +3.01% 3-day Advance, the price is estimated to grow further. Considering data from situations where THG advanced for three days, in 177 of 323 cases, the price rose further within the following month. The odds of a continued upward trend are 55%.
The Aroon Indicator entered an Uptrend today. In 158 of 237 cases where THG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 67%.
Bearish Trend Analysis
The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 8 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where THG declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 41%.
THG broke above its upper Bollinger Band on October 22, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is 10 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 52, placing this stock better than average.
The Tickeron Price Growth Rating for this company is 40 (best 1 - 100 worst), indicating steady price growth. THG’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of 47 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.199) is normal, around the industry mean (-1.701). P/E Ratio (10.863) is within average values for comparable stocks, (9.658). Projected Growth (PEG Ratio) (0.120) is also within normal values, averaging (3.303). Dividend Yield (0.016) settles around the average of (0.026) among similar stocks. P/S Ratio (1.243) is also within normal values, averaging (1.594).
The Tickeron PE Growth Rating for this company is 48 (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is 53 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Seasonality Score of 85 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
CNA | THG | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 21 | 41 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 34 Fair valued | 47 Fair valued | |
PROFIT vs RISK RATING 1..100 | 18 | 10 | |
SMR RATING 1..100 | 92 | 53 | |
PRICE GROWTH RATING 1..100 | 51 | 40 | |
P/E GROWTH RATING 1..100 | 71 | 48 | |
SEASONALITY SCORE 1..100 | 65 | 85 |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
CNA's Valuation (34) in the Multi Line Insurance industry is in the same range as THG (47) in the Property Or Casualty Insurance industry. This means that CNA’s stock grew similarly to THG’s over the last 12 months.
THG's Profit vs Risk Rating (10) in the Property Or Casualty Insurance industry is in the same range as CNA (18) in the Multi Line Insurance industry. This means that THG’s stock grew similarly to CNA’s over the last 12 months.
THG's SMR Rating (53) in the Property Or Casualty Insurance industry is somewhat better than the same rating for CNA (92) in the Multi Line Insurance industry. This means that THG’s stock grew somewhat faster than CNA’s over the last 12 months.
THG's Price Growth Rating (40) in the Property Or Casualty Insurance industry is in the same range as CNA (51) in the Multi Line Insurance industry. This means that THG’s stock grew similarly to CNA’s over the last 12 months.
THG's P/E Growth Rating (48) in the Property Or Casualty Insurance industry is in the same range as CNA (71) in the Multi Line Insurance industry. This means that THG’s stock grew similarly to CNA’s over the last 12 months.
| CNA | THG | |
|---|---|---|
| RSI ODDS (%) | 1 day ago 61% | 1 day ago 63% |
| Stochastic ODDS (%) | 1 day ago 56% | 1 day ago 52% |
| Momentum ODDS (%) | 1 day ago 51% | 1 day ago 58% |
| MACD ODDS (%) | 1 day ago 50% | 1 day ago 56% |
| TrendWeek ODDS (%) | 1 day ago 49% | 1 day ago 57% |
| TrendMonth ODDS (%) | 1 day ago 51% | 1 day ago 60% |
| Advances ODDS (%) | 7 days ago 49% | 7 days ago 55% |
| Declines ODDS (%) | 25 days ago 44% | 16 days ago 41% |
| BollingerBands ODDS (%) | 1 day ago 64% | 1 day ago 46% |
| Aroon ODDS (%) | 1 day ago 69% | 1 day ago 67% |
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is overvalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
CNA’s FA Score shows that 1 FA rating(s) are green while THG’s FA Score has 1 green FA rating(s).
- CNA’s FA Score: 1 green, 4 red.
- THG’s FA Score: 1 green, 4 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
CNA’s TA Score shows that 5 TA indicator(s) are bullish while THG’s TA Score has 6 bullish TA indicator(s).
- CNA’s TA Score: 5 bullish, 4 bearish.
- THG’s TA Score: 6 bullish, 4 bearish.
Price Growth
CNA (@Property/Casualty Insurance) experienced а +2.29% price change this week, while THG (@Property/Casualty Insurance) price change was +2.55% for the same time period.
The average weekly price growth across all stocks in the @Property/Casualty Insurance industry was +3.54%. For the same industry, the average monthly price growth was +7.25%, and the average quarterly price growth was +19.07%.
Reported Earning Dates
CNA is expected to report earnings on Nov 02, 2026.
THG is expected to report earnings on Oct 28, 2026.
Industries' Descriptions
@Property/Casualty Insurance (+3.54% weekly)Property and casualty companies insure against accidents of non-physical harm, such as lawsuits, damage to personal assets, car crashes and more. Progressive Corporation, Travelers Companies, Inc. and Allstate Corporation are some of the biggest providers of such products.
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CNA and
Correlation & Price change
A.I.dvisor indicates that over the last year, CNA has been closely correlated with L. These tickers have moved in lockstep 81% of the time. This A.I.-generated data suggests there is a high statistical probability that if CNA jumps, then L could also see price increases.
THG and
Correlation & Price change
A.I.dvisor indicates that over the last year, THG has been closely correlated with HIG. These tickers have moved in lockstep 81% of the time. This A.I.-generated data suggests there is a high statistical probability that if THG jumps, then HIG could also see price increases.