cna insurance company limited

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cna insurance company limited Company Information

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Company Number

00000950

Registered Address

20 fenchurch street, london, EC3M 3BY

Industry

Non-life insurance

 

Telephone

02077436800

Next Accounts Due

September 2025

Group Structure

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Directors

David Stevens17 Years

Carl Kearney14 Years

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Shareholders

cna europe holdings limited 100%

cna insurance company limited Estimated Valuation

£305.7m

Pomanda estimates the enterprise value of CNA INSURANCE COMPANY LIMITED at £305.7m based on a Turnover of £234.6m and 1.3x industry multiple (adjusted for size and gross margin).

cna insurance company limited Estimated Valuation

£1.1b

Pomanda estimates the enterprise value of CNA INSURANCE COMPANY LIMITED at £1.1b based on an EBITDA of £58.2m and a 19.14x industry multiple (adjusted for size and gross margin).

cna insurance company limited Estimated Valuation

£807.6m

Pomanda estimates the enterprise value of CNA INSURANCE COMPANY LIMITED at £807.6m based on Net Assets of £547.1m and 1.48x industry multiple (adjusted for liquidity).

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Cna Insurance Company Limited Overview

Cna Insurance Company Limited is a live company located in london, EC3M 3BY with a Companies House number of 00000950. It operates in the non-life insurance sector, SIC Code 65120. Founded in February 1864, it's largest shareholder is cna europe holdings limited with a 100% stake. Cna Insurance Company Limited is a mature, mega sized company, Pomanda has estimated its turnover at £234.6m with high growth in recent years.

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Cna Insurance Company Limited Health Check

Pomanda's financial health check has awarded Cna Insurance Company Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 0 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

8 Strong

positive_score

2 Regular

positive_score

0 Weak

size

Size

annual sales of £234.6m, make it larger than the average company (£2m)

£234.6m - Cna Insurance Company Limited

£2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (8.8%)

15% - Cna Insurance Company Limited

8.8% - Industry AVG

production

Production

with a gross margin of 99.4%, this company has a comparable cost of product (99.4%)

99.4% - Cna Insurance Company Limited

99.4% - Industry AVG

profitability

Profitability

an operating margin of 24.8% make it more profitable than the average company (17.8%)

24.8% - Cna Insurance Company Limited

17.8% - Industry AVG

employees

Employees

with 1417 employees, this is above the industry average (34)

1417 - Cna Insurance Company Limited

34 - Industry AVG

paystructure

Pay Structure

There is insufficient data available for this Key Performance Indicator!

- - Cna Insurance Company Limited

- - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £165.6k, this is equally as efficient (£165.6k)

£165.6k - Cna Insurance Company Limited

£165.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 114 days, this is earlier than average (219 days)

114 days - Cna Insurance Company Limited

219 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 11987 days, this is slower than average (318 days)

11987 days - Cna Insurance Company Limited

318 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Cna Insurance Company Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 55 weeks, this is more cash available to meet short term requirements (16 weeks)

55 weeks - Cna Insurance Company Limited

16 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 59.7%, this is a lower level of debt than the average (82.7%)

59.7% - Cna Insurance Company Limited

82.7% - Industry AVG

CNA INSURANCE COMPANY LIMITED financials

EXPORTms excel logo

Cna Insurance Company Limited's latest turnover from December 2023 is £234.6 million and the company has net assets of £547.1 million. According to their latest financial statements, we estimate that Cna Insurance Company Limited has 1,417 employees and maintains cash reserves of £66.5 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover234,619,000210,641,000173,037,000153,133,000144,959,000254,598,000235,780,000211,036,000184,635,000183,506,000183,675,000169,704,000167,630,000146,235,000148,891,000
Other Income Or Grants000000000000000
Cost Of Sales1,453,5594,078,8054,411,1513,991,6876,321,62810,453,39114,410,67216,215,00617,871,72131,538,51443,511,23042,169,51344,555,51941,790,3410
Gross Profit233,165,441206,562,195168,625,849149,141,313138,637,372244,144,609221,369,328194,820,994166,763,279151,967,486140,163,770127,534,487123,074,481104,444,6590
Admin Expenses174,989,949246,505,052181,053,591101,247,159142,467,428265,477,094231,198,238159,787,345170,143,15697,959,634123,413,84475,557,50194,699,78960,273,939-18,187,319
Operating Profit58,175,492-39,942,857-12,427,74247,894,154-3,830,056-21,332,485-9,828,91035,033,649-3,379,87754,007,85216,749,92651,976,98628,374,69244,170,72018,187,319
Interest Payable480,425475,90340,125002,2612,21055,31357,49385,085102,79890,058122,20050,9281,073
Interest Receivable3,307,6002,062,760132,86849,056369,056384,746200,120166,664349,370168,37384,04023,59836,698120,48595,698
Pre-Tax Profit53,240,000-40,829,000-11,816,00041,395,000-2,761,000-22,261,000-7,101,00034,273,000-1,757,00056,535,00019,784,00054,661,00030,036,00041,726,00031,787,000
Tax-7,488,0002,473,000-519,000-2,561,000-700,0001,311,000-2,530,000-6,157,000-1,331,000-13,803,000-6,901,000-15,209,000-9,102,000-9,873,000-18,624,000
Profit After Tax45,752,000-38,356,000-12,335,00038,834,000-3,461,000-20,950,000-9,631,00028,116,000-3,088,00042,732,00012,883,00039,452,00020,934,00031,853,00013,163,000
Dividends Paid0000000000008,019,00000
Retained Profit45,752,000-38,356,000-12,335,00038,834,000-3,461,000-20,950,000-9,631,00028,116,000-3,088,00042,732,00012,883,00039,452,00012,915,00031,853,00013,163,000
Employee Costs0000013,538,00013,115,00015,205,00012,417,00022,010,00026,644,00025,180,00025,430,00024,244,00019,700,000
Number Of Employees1,4171,3501,10297689810810210595276270283284286256
EBITDA*58,175,492-39,942,857-12,427,74247,894,154-3,830,056-21,059,485-9,562,91035,346,649-3,073,87754,694,85217,544,92653,536,98629,702,69245,524,72019,330,319

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets1,186,881,0001,096,307,000928,143,000874,204,000773,566,0001,052,510,0001,005,510,000944,148,000772,582,000838,407,000819,701,000824,119,000785,780,000745,351,000705,605,000
Intangible Assets00000099,000703,0001,360,0002,138,0002,834,0000000
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets1,186,881,0001,096,307,000928,143,000874,204,000773,566,0001,052,510,0001,005,609,000944,851,000773,942,000840,545,000822,535,000824,119,000785,780,000745,351,000705,605,000
Stock & work in progress000000000000000
Trade Debtors73,772,00078,731,00065,340,00058,553,00046,207,00083,339,00067,768,00067,448,00048,902,00053,173,00055,648,00055,285,00061,302,00058,770,00060,930,000
Group Debtors000000000000000
Misc Debtors000000000000000
Cash66,488,00065,816,00052,056,00054,238,00043,873,00054,542,00048,057,00031,991,000101,340,00038,408,00028,941,0004,675,0004,764,0009,915,00038,279,000
misc current assets8,629,0007,739,0005,797,0006,406,0006,938,00011,743,00012,584,00012,839,00010,046,0009,529,00015,546,00012,545,00012,375,00013,040,00012,437,000
total current assets171,029,000165,597,000134,031,000122,722,000110,404,000162,772,000133,906,000118,106,000172,532,000108,843,000102,988,00075,071,00082,986,00099,268,000125,136,000
total assets1,357,910,0001,261,904,0001,062,174,000996,926,000883,970,0001,215,282,0001,139,515,0001,062,957,000946,474,000949,388,000925,523,000899,190,000868,766,000844,619,000830,741,000
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 47,739,00052,115,00035,014,00023,940,00021,205,00020,558,00013,495,00020,584,0007,330,00015,007,0009,726,00010,653,00015,431,00016,033,00025,394,000
Group/Directors Accounts000000000000000
other short term finances08,735,0001,284,00000067,0001,0001,769,00002,618,000545,0002,226,0001,534,00033,000
hp & lease commitments000000000000000
other current liabilities000000000000000
total current liabilities62,693,00073,728,00056,413,00045,938,00028,741,00041,437,00030,179,00036,166,00019,146,00031,211,00023,070,00027,311,00036,412,00030,260,00041,563,000
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions000000000000000
total long term liabilities748,085,000684,362,000595,580,000536,155,000474,875,000785,224,000705,145,000623,052,000563,424,000545,889,000565,283,000553,475,000550,763,000539,403,000547,223,000
total liabilities810,778,000758,090,000651,993,000582,093,000503,616,000826,661,000735,324,000659,218,000582,570,000577,100,000588,353,000580,786,000587,175,000569,663,000588,786,000
net assets547,132,000503,814,000410,181,000414,833,000380,354,000388,621,000404,191,000403,739,000363,904,000372,288,000337,170,000318,404,000281,591,000274,956,000241,955,000
total shareholders funds547,132,000503,814,000410,181,000414,833,000380,354,000388,621,000404,191,000403,739,000363,904,000372,288,000337,170,000318,404,000281,591,000274,956,000241,955,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit58,175,492-39,942,857-12,427,74247,894,154-3,830,056-21,332,485-9,828,91035,033,649-3,379,87754,007,85216,749,92651,976,98628,374,69244,170,72018,187,319
Depreciation00000273,000266,000313,000306,000687,000795,0001,560,0001,328,0001,354,0001,143,000
Amortisation000000000000000
Tax-7,488,0002,473,000-519,000-2,561,000-700,0001,311,000-2,530,000-6,157,000-1,331,000-13,803,000-6,901,000-15,209,000-9,102,000-9,873,000-18,624,000
Stock000000000000000
Debtors-4,959,00013,391,0006,787,00012,346,000-37,132,00015,571,000320,00018,546,000-4,271,000-2,475,000363,000-6,017,0002,532,000-2,160,00060,930,000
Creditors-4,376,00017,101,00011,074,0002,735,000647,0007,063,000-7,089,00013,254,000-7,677,0005,281,000-927,000-4,778,000-602,000-9,361,00025,394,000
Accruals and Deferred Income000000000000000
Deferred Taxes & Provisions000000000000000
Cash flow from operations51,270,492-33,759,857-8,659,74235,722,15433,248,944-28,256,485-19,501,91023,897,649-7,810,87748,647,8529,353,92639,566,98617,466,69228,450,720-34,829,681
Investing Activities
capital expenditure-90,574,000-168,164,000-53,939,000-100,638,000278,944,000-47,174,000-61,024,000-171,222,00066,297,000-18,697,000789,000-39,899,000-41,757,000-41,100,000-706,748,000
Change in Investments000000000000000
cash flow from investments-90,574,000-168,164,000-53,939,000-100,638,000278,944,000-47,174,000-61,024,000-171,222,00066,297,000-18,697,000789,000-39,899,000-41,757,000-41,100,000-706,748,000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000000000000000
Other Short Term Loans -8,735,0007,451,0001,284,00000-67,00066,000-1,768,0001,769,000-2,618,0002,073,000-1,681,000692,0001,501,00033,000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue-2,434,000131,989,0007,683,000-4,355,000-4,806,0005,380,00010,083,00011,719,000-5,296,000-7,614,0005,883,000-2,639,000-6,280,0001,148,000228,792,000
interest2,827,1751,586,85792,74349,056369,056382,485197,910111,351291,87783,288-18,758-66,460-85,50269,55794,625
cash flow from financing-8,341,825141,026,8579,059,743-4,305,944-4,436,9445,695,48510,346,91010,062,351-3,235,123-10,148,7127,937,242-4,386,460-5,673,5022,718,557228,919,625
cash and cash equivalents
cash672,00013,760,000-2,182,00010,365,000-10,669,0006,485,00016,066,000-69,349,00062,932,0009,467,00024,266,000-89,000-5,151,000-28,364,00038,279,000
overdraft000000000000000
change in cash672,00013,760,000-2,182,00010,365,000-10,669,0006,485,00016,066,000-69,349,00062,932,0009,467,00024,266,000-89,000-5,151,000-28,364,00038,279,000

cna insurance company limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Cna Insurance Company Limited Competitor Analysis

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Perform a competitor analysis for cna insurance company limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in EC3M area or any other competitors across 12 key performance metrics.

cna insurance company limited Ownership

CNA INSURANCE COMPANY LIMITED group structure

Cna Insurance Company Limited has 1 subsidiary company.

Ultimate parent company

LOEWS CORP

#0008436

2 parents

CNA INSURANCE COMPANY LIMITED

00000950

1 subsidiary

CNA INSURANCE COMPANY LIMITED Shareholders

cna europe holdings limited 100%

cna insurance company limited directors

Cna Insurance Company Limited currently has 9 directors. The longest serving directors include Mr David Stevens (Oct 2007) and Mr Carl Kearney (Oct 2010).

officercountryagestartendrole
Mr David Stevens61 years Oct 2007- Director
Mr Carl Kearney52 years Oct 2010- Director
Mr Robert ThomsonUnited Kingdom69 years Dec 2016- Director
Mr Douglas Worman57 years Sep 2017- Director
Mr Jalil RehmanUnited Kingdom60 years Dec 2018- Director
Ms Susan Stone63 years Dec 2021- Director
Mr Simon WoodUnited Kingdom57 years Aug 2022- Director
Mr Scott Lindquist61 years Nov 2023- Director
Mrs Lisa Skeels58 years Feb 2024- Director

P&L

December 2023

turnover

234.6m

+11%

operating profit

58.2m

0%

gross margin

99.4%

+1.34%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

547.1m

+0.09%

total assets

1.4b

+0.08%

cash

66.5m

+0.01%

net assets

Total assets minus all liabilities

cna insurance company limited company details

company number

00000950

Type

Private limited with Share Capital

industry

65120 - Non-life insurance

incorporation date

February 1864

age

160

incorporated

UK

ultimate parent company

LOEWS CORP

accounts

Full Accounts

last accounts submitted

December 2023

previous names

maritime insurance company limited (February 2002)

accountant

-

auditor

DELOITTE LLP

address

20 fenchurch street, london, EC3M 3BY

Bank

HSBC BANK PLC

Legal Advisor

-

cna insurance company limited Charges & Mortgages

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 2 charges/mortgages relating to cna insurance company limited. Currently there are 2 open charges and 0 have been satisfied in the past.

charges

cna insurance company limited Companies House Filings - See Documents

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