CNA Financial Corporation

News and overview for CNA Financial Corporation

CNA Surety to Present at the FBR Capital Markets 2009 Fall Investor Conference on December 2nd, 2009 [Press Release]
PRNewswire | 6 hours 20 minutes ago
...FirstCall/ -- CNA Surety Corporation announced today that...President and Chief Financial Officer, will speak...the SEC website. CNA is a registered service...and domain name of CNA Financial Corporation. "Safe Harbor...


CNA 3Q Net Income Back In Positive Territory
National Underwriter | 22 days 8 hours 17 minutes ago
CNA Financial Corporation reported third-quarter net income of $263 million, a $594 million improvement over a net loss of $331 million for the period last year.


CNA Financial Prices $350 Million Offering of Senior Notes [Press Release]
Business Wire | 15 days 8 hours 35 minutes ago
CNA Financial Corporation (NYSE: CNA) today announced that it has priced $350 million aggregate principal amount of 7.35% ten-year senior notes in a public offering underwritten by Citigroup Global Markets Inc., J.P. Morgan Securities Inc. and Wells Fargo Securities, LLC. The notes were offered at 99.887% of the principal amount with a yield to maturity of 7.366%. CNA expects the offering to close on November 13, 2009.


CNA Financial Announces Third Quarter 2009 Results: Net Operating Income of $331 Million, Net Income of $263 Million, P&C Combined Ratio of 101.0% [Press Release]
Business Wire | 22 days 18 hours 41 minutes ago
CNA Financial Corporation (NYSE: CNA) today announced third quarter 2009 results, which included net operating income of $331 million, or $1.11 per common share, and net income of $263 million, or $0.86 per common share. The combined ratio for Property & Casualty Operations was 101.0% for the quarter. Book value per common share was $35.38 at September 30, 2009, as compared to $27.53 at June 30, 2009 and $20.92 at December 31, 2008.


CNA HealthPro Releases Aging Services Claims Data and Key Findings [Press Release]
Business Wire | 8 days 8 hours 41 minutes ago
CNA HealthPro, a leader in the healthcare professional liability industry, presents the sixth in a series of aging services claims studies, Reducing Risk in a Changing Industry: CNA HealthPro Aging Services Claims Analysis 2004-2008. The study includes a legislative update, analysis of updated claims data and questions designed to assist aging service organizations conduct self-assessments.


CNA Opens New Branch Office in Chicago [Press Release]
Business Wire | 28 days 14 hours 1 minute ago
CNA Financial Corporation (NYSE: CNA) announced the official opening of its newest branch office: Chicago. Located in downtown’s “South Loop,” the new Chicago branch continues CNA’s “winning company” strategy announced earlier this year by extending the global business insurer’s geographic footprint and enabling closer proximity to its agents, brokers and customers.


CNA Appoints David Rutkowski, Senior Vice President, Commercial Segments [Press Release]
Business Wire | 26 days 7 hours 14 minutes ago
CNA Financial Corporation (NYSE: CNA) announced that, effective November 2, David Rutkowski has been appointed senior vice president of Commercial Segments. In this role, Rutkowski will be responsible for profitability, growth and strategic direction of CNA’s Middle Market customer segments -- including Construction, CustomXpressSM, General Industries, Technology -- and product development.


CNA Surety to Participate in a Conference Call Sponsored by Redburn Partners on November 11th, 2009 [Press Release]
PRNewswire | 19 days 4 hours 19 minutes ago
...FirstCall/ -- CNA Surety Corporation announced today that...President and Chief Financial Officer, will participate...the SEC website. CNA is a registered service...and domain name of CNA Financial Corporation. "Safe Harbor...


CNA Surety Announces Third Quarter 2009 Results [Press Release]
PRNewswire | 25 days 13 hours 41 minutes ago
CHICAGO, Oct. 30 /PRNewswire-FirstCall/ -- CNA Surety Corporation ("CNA Surety" or the "Company")


CNA Surety Corporation to Release Third Quarter 2009 Earnings and Host Conference Call on October 30, 2009 [Press Release]
PRNewswire | 39 days 10 hours 25 minutes ago
...direct link to the SEC website. CNA is a registered service mark, trade name and domain name of CNA Financial Corporation. CONTACT: John F. Corcoran...1-773-583-4331, both of CNA Surety Corporation


CNA s Risk Control Webinars Help Clients Go Green [Press Release]
Business Wire | 27 days 17 hours 41 minutes ago
The Risk Control unit of CNA recently announced its Green Webinar series designed to help its agents, brokers and their clients implement green practices while keeping their businesses and employees safe.


CNA s Motion is Money Program Helps Insureds Minimize Claims [Press Release]
Business Wire | 40 days 10 hours 2 minutes ago
The Risk Control unit of CNA insurance companies recently implemented a program that helps construction and manufacturing companies maximize productivity while eliminating unnecessary physical activities and movements of employees. Through the Motion is Money program, participating companies can focus on observation techniques to measure job site activities – such as walking, bending, lifting, the storage of construction materials – and the time requirements of completing such tasks. By imple...


Zacks Bull and Bear of the Day Highlights: Apple, Inc., Sohu.com, Loews Corporation, CNA Financial Corporation and Diamond Offshore Drilling Inc. [Press Release]
Business Wire | 21 days 7 hours 41 minutes ago
Zacks Equity Research highlights Apple, Inc. (Nasdaq: AAPL) as the Bull of the Day and Sohu.com (Nasdaq: SOHU) the Bear of the Day. In addition, Zacks Equity Research provides analysis on Loews Corporation (NYSE: L), CNA Financial Corporation (NYSE: CNA) and Diamond Offshore Drilling Inc. (NYSE: DO).


A.M. Best Assigns Debt Rating to CNA Financial Corporation s Forthcoming Senior Notes [Press Release]
Business Wire | 14 days 14 hours 40 minutes ago
A.M. Best Co. has assigned a debt rating of “bbb” to the forthcoming $350 million 7.35% senior unsecured notes due 2019 to be issued by CNA Financial Corporation (CNAF) (Delaware) (NYSE: CNA). The assigned outlook is negative.


Loews Corporation Reports Net Income for the Third Quarter of 2009 [Press Release]
Business Wire | 22 days 18 hours 41 minutes ago
Loews Corporation (NYSE:L) today reported income from operations before investment losses for the 2009 third quarter of $530 million compared to $235 million in the 2008 third quarter. Income from continuing operations for the 2009 third quarter was $469 million, or $1.08 per share, compared to a loss of $144 million, or $0.33 per share, in the 2008 third quarter.





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Company Overview


Company: CNA Financial Corporation
Industry: Property & Casualty Insurance
Website: http://www.cna.com

CNA Financial is the umbrella organization for a wide range of insurance providers, including Continental Casualty. The company primarily provides commercial coverage, with such standard offerings as workers' compensation, general and professional liability, and other products for businesses and institutions. CNA also sells specialty insurance including professional liability for doctors, lawyers, and architects, and vehicle warranty service contracts. The company also offers commercial surety bonds, risk and healthcare claims management, claims administration, and information services. Its products are sold by independent agents and brokers. Holding company Loews owns about 90% of CNA.


Key Numbers

Sales in U.S. Dollars (mil.) 7,799 (2008)
One-year % Growth in Sales -21.1 (2008)
Net Income in U.S. Dollars (mil.) -299 (2008)
One-year % Growth in Net Income 0.0 (2008)
Number of Employees 9,000 (2008)
One-year % Growth in Number of Employees -4.3 (2008)
Fiscal Year-End December