13F-HR 1 cnafseptm.txt FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2002 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: CNA Financial Corporation Address: CNA Plaza Chicago, Il 60685 13F File Number: 28-346 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct, and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Lynne Gugenheim Title: Senior Vice President and Deputy General Counsel Phone: (312) 822 4921 Signature, Place, and Date of Signing: November 8,2002 Chicago, Illinois,60685 I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934 Report Type (Check only one.): [ X ] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: Assets reported herein are described as having shared investment discretion among Loews Corporation, CNA Financial Corporation,The Continental Corporation, Continental Casualty Company and Continental Assurance Company. Each of the foregoing entities specifically disclaims ownership of any securities in this report which are not beneficially owned by that entity and states that such assets are solely under the control of its board of directors. The characterization of shared investment discretion with parent holding companies is made solely as a consequence of SEC interpretations regarding control of the subsidiary through share ownership. Loews Corporation owns approximately 90% of the outstanding shares of CNA Financial Corporation; CNA Financial Corporation owns 100% of the outstanding shares of Continental Casualty Company and The Continental Corporation; and Continental Casualty Company owns 100% of the outstanding shares of Continental Assurance Company. Loews Corporation will report separately on securities over which it has investment discretion which are not part of this report. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 4 Form 13F Information Table Entry Total: 322 Form 13F Information Table Value Total: 1,346,848.42(in thousands) List of Other Included Managers: No. 13F File Number Name 1 28-172 The Continental Corporation 2 28-217 Loews Corporation 3 28-386 Continental Assurance Company 4 28-387 Continental Casualty Company 13F INFORMATION TABLE CLASS VALUE OTHER PUT/ INVSTMT VOTING AUTHORITY NAME OF ISSUER TITLE CUSIP (X1000) MGRS AMOUNT TYPE CALL DSCRETN SOLE ACME COMMUNICATIONS INC COM 004631107 515 4,2 66071 SH DEFINED 66071 ACUITY BRANDS INC COM 00508Y102 330 2 26950 SH DEFINED 26950 ACXIOM CORP COM 005125109 841 3,2 59100 SH DEFINED 59100 AETNA INC COM 00817Y108 1034 2 28875 SH DEFINED 28875 AFFIL COMPUTER NOTE 008190AF7 2937 3,2 2400000 PRN DEFINED 55256 AFFILIATED COMPUTER SVCS-A CL A 008190100 1806 3,2 42400 SH DEFINED 42400 AGERE SYSTEMS INC-A CL A 00845V100 1113 4,2 1012100 SH DEFINED 1012100 AGILENT TECH INC DBCV 00846UAB7 4025 3,4,2 5000000 PRN DEFINED 155183 AGILENT TECHNOLOGIES INC COM 00846U101 2279 3,4,2 174100 SH DEFINED 174100 AIR PRODUCTS & CHEMICAL COM 009158106 294 2 7000 SH DEFINED 7000 ALCOA INC COM 013817101 2239 3,2 116000 SH DEFINED 116000 ALCON INC COM H01301102 3139 3,2 81000 SH DEFINED 81000 ALLEGHENY ENERGY INC COM 017361106 4464 4,2 340800 SH DEFINED 340800 ALLSTATE CORPORATION COM 020002101 732 2 20600 SH DEFINED 20600 AMBAC FINANCIAL GROUP INC COM 023139108 5928 4,2 110000 SH DEFINED 110000 AMER INTL GROUP DBCV 026874AP2 1258 4,2 2000000 PRN DEFINED 12125 AMERADA HESS COM 023551104 7467 4,2 110000 SH DEFINED 110000 AMERICAN EXPRESS COM 025816109 2027 3,2 65000 SH DEFINED 65000 AMERICAN INTL GROUP INC COM 026874107 1778 3,2 32500 SH DEFINED 32500 AMERICAN NATIONAL INSURANCE COM 028591105 345 2 5000 SH DEFINED 5000 AMERICAN PHYSICIANS CAP INC COM 028884104 475 2 28200 SH DEFINED 28200 AMERISOURCE HEALTH CORP NOTE 03071PAD4 3946 3,2 2560000 PRN DEFINED 48331 AMERISOURCEBERGEN CORP COM 03073E105 2909 3,2 41110 SH DEFINED 41110 AMGEN INC COM 031162100 4161 3,4,2 99100 SH DEFINED 99100 ANADARKO PETROLEUM CORP COM 032511107 5222 4,2 117250 SH DEFINED 117250 ANHEUSER BUSCH CO COM 035229103 1012 3,2 20000 SH DEFINED 20000 ANIXTER INTERNATIONAL INC COM 035290105 288 2 13975 SH DEFINED 13975 ANNUITY AND LIFE RE HOLDINGS ORD G03910109 320 2 76300 SH DEFINED 76300 ANTEC CORP NOTE 03664PAB1 204 4,2 225000 PRN DEFINED 9375 AON CORP COM 037389103 11655 4,2 568800 SH DEFINED 568800 APACHE CORP COM 037411105 2408 2 40500 SH DEFINED 40500 APPLIED MATERIALS INC. COM 038222105 1594 2 138000 SH DEFINED 138000 ARDEN REALTY GROUP INC COM 039793104 837 4,2 35400 SH DEFINED 35400 ARRIS GROUP COM 04269Q100 148 4,2 40000 SH DEFINED 40000 ARTESYN TECHNOLOGIES INC COM 043127109 171 2 112925 SH DEFINED 112925 ARVINMERITOR INC COM 043353101 273 2 14575 SH DEFINED 14575 AT & T CORPORATION COM 001957109 3754 4,2 312600 SH DEFINED 312600 AT&T WIRELESS SERVICES INC COM 00209A106 287 4,2 69633 SH DEFINED 69633 ATLAS AIR WORLDWIDE HLDGS COM 049164106 118 4,2,1 49000 SH DEFINED 49000 BANK OF AMERICA CORP COM 060505104 957 3,2 15000 SH DEFINED 15000 BARNES & NOBLE NOTE 067774AD1 2426 3,2 2450000 PRN DEFINED 75357 BARNES & NOBLE INC COM 067774109 1228 3,2 56480 SH DEFINED 56480 BARRICK GOLD CORP COM 067901108 7080 4,2 455300 SH DEFINED 455300 BECTON DICKINSON & CO COM 075887109 1903 4,2 67000 SH DEFINED 67000 BEDFORD PROPERTY INVESTORS COM 076446301 141 4,2 5700 SH DEFINED 5700 BELLSOUTH CORP COM 079860102 1469 4,2 80000 SH DEFINED 80000 BISYS GROUP NOTE 055472AB0 2428 3,2 2650000 PRN DEFINED 79356 BISYS GROUP INC/THE COM 055472104 882 3,2 50800 SH DEFINED 50800 BJ SERVICES CO COM 055482103 789 3,4,2 30000 SH DEFINED 30000 BKF CAPITAL GROUP INC COM 05548G102 8 2 400 SH DEFINED 400 BOEING COMPANY COM 097023105 916 2 26825 SH DEFINED 26825 BORG WARNER AUTOMOTIVE INC COM 099724106 161 2 3250 SH DEFINED 3250 BOSTON PROPERTIES INC COM 101121101 1116 4,2 30000 SH DEFINED 30000 BOWNE & CO INC COM 103043105 311 2 31050 SH DEFINED 31050 BRANDYWINE REALTY TRUST SHINTNW 105368203 444 4,2 19700 SH DEFINED 19700 BRISTOL-MYERS SQUIBB CO COM 110122108 4670 4,2 196200 SH DEFINED 196200 BURLINGTON RESOURCES INC COM 122014103 3357 4,2 87500 SH DEFINED 87500 BURR-BROWN CORP NOTE 122574AF3 990 4,2 1000000 PRN DEFINED 22497 CABLEVISION SYSTEMS -CL A CL A 12686C109 2641 4,2 291500 SH DEFINED 291500 CAMPBELL SOUP CO COM 134429109 1563 4,2 70800 SH DEFINED 70800 CARDINAL HEALTH INC. COM 14149Y108 4008 3,2 64437 SH DEFINED 64437 CARNIVAL CORP COM 143658102 4905 3,4,2 191600 SH DEFINED 191600 CATELLUS DEVELOPMENT CORP COM 149111106 1988 4,2 107724 SH DEFINED 107724 CELESTICA INC SUBVTG SHS 15101Q108 686 3,4,2 49100 SH DEFINED 49100 CELESTICA INC LYONZR 15101QAA6 22918 3,4,2 54185000 PRN DEFINED 307489 CENDANT CORP DEBT 151313AF0 8653 3,4,2 14005000 PRN DEFINED 467767 CENDANT CORP DBCV 151313AH6 2891 3,4,2 3000000 PRN DEFINED 117227 CENDANT CORP DBCV 151313AN3 7460 4,2 8000000 PRN DEFINED 332640 CENDANT CORPORATION COM 151313103 2152 3,4,2 195600 SH DEFINED 195600 CENTEX CORP COM 152312104 887 2 20000 SH DEFINED 20000 CEPHALON INC COM 156708109 1023 3,2 25900 SH DEFINED 25900 CHARLES RIVER DBCV 159863AL3 1789 3,2 1450000 PRN DEFINED 37304 CHARLES RIVER LABORATORIES COM 159864107 1043 3,2 27100 SH DEFINED 27100 CHARTER COMM INC NOTE 16117MAB3 2328 4,2 4800000 PRN DEFINED 222635 CHARTER COMMUNICATIONS-CL A CL A 16117M107 846 4,2 455000 SH DEFINED 455000 CHIRON CORP COM 170040109 1735 3,4,2 49300 SH DEFINED 49300 CHIRON CORP LYONZR 170040AE9 19563 3,4,2 34500000 PRN DEFINED 247065 CISCO SYSTEMS INC COM 17275R102 2568 3,2 245000 SH DEFINED 245000 CIT GROUP INC COM 125581108 5165 4,2 287250 SH DEFINED 287250 CITIGROUP INC COM 172967101 12951 3,4,2 436800 SH DEFINED 436800 CLEAR CHANNEL NOTE 184502AB8 2948 4,2 3000000 PRN DEFINED 48426 CLEAR CHANNEL NOTE 184502AE2 6435 4,2 6500000 PRN DEFINED 61425 CLEAR CHANNEL COMMUNICATIONS COM 184502102 1738 3,2 50000 SH DEFINED 50000 CLEVELAND-CLIFFS INC COM 185896107 407 2 16925 SH DEFINED 16925 CNA SURETY CORPORATION COM 12612L108 362012 4,2,1 27425147 SH DEFINED 27425147 CNF INC COM 12612W104 1159 2 36925 SH DEFINED 36925 COCA COLA CO COM 191216100 1679 3,2 35000 SH DEFINED 35000 COLT TELECOM GROUP-SPONS ADR SPNSADR 196877104 13 4,2 5760 SH DEFINED 5760 COMCAST CORP DBCV 200300BH3 34210 3,4,2 44000000 PRN DEFINED 627290 COMCAST CORP CL A SPL CL A SPL 200300200 2501 4,2 119900 SH DEFINED 119900 COMCAST CORP-CL A CL A 200300101 789 4,2 37000 SH DEFINED 37000 COMMSCOPE INC COM 203372107 361 2 53275 SH DEFINED 53275 COMPUTER ASSOCIATES INTL INC COM 204912109 1614 2 168075 SH DEFINED 168075 COOPER INDUSTRIES LTD CL A. 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COM 263534109 361 4,2 10000 SH DEFINED 10000 DYCOM INDUSTRIES INC COM 267475101 2070 4,2 225934 SH DEFINED 225934 DYNEGY INC-CL A CL A 26816Q101 8 2 6975 SH DEFINED 6975 EDO CORP COM 281347104 267 3,2 11700 SH DEFINED 11700 EL PASO CORP COM 28336L109 3781 4,2 457200 SH DEFINED 457200 ELDERTRUST COM SH BEN 284560109 1530 4,2 208200 SH DEFINED 208200 ENCANA CORP COM 292505104 2404 4,2 79869 SH DEFINED 79869 ENTERASYS NETWORKS INC COM 293637104 268 2 206150 SH DEFINED 206150 ESTERLINE TECHNOLOGIES CORP COM 297425100 430 2 25825 SH DEFINED 25825 FIFTH THIRD BANCORP COM 316773100 306 2 5000 SH DEFINED 5000 FIRST CITIZENS BCSHS -CL A CL A 31946M103 52 2 500 SH DEFINED 500 FIRST DATA CORP COM 319963104 3354 3,2 120000 SH DEFINED 120000 FLEMING COS INC COM 339130106 310 3,2 62300 SH DEFINED 62300 FLEMING COS INC NOTE 339130AR7 912 3,2 2360000 PRN DEFINED 77965 FMC CORP COM NEW 302491303 1134 2 43925 SH DEFINED 43925 FMC TECHNOLOGIES INC COM 30249U101 945 2 56395.93 SH DEFINED 56395.93 FOOT LOCKER INC COM 344849104 1200 3,2 118600 SH DEFINED 118600 FOOTSTAR INC COM 344912100 301 2 38600 SH DEFINED 38600 FPL GROUP COM 302571104 9214 3,4,2 174000 SH DEFINED 174000 FRANKLIN RES INC NOTE 354613AC5 23458 4,2 40000000 PRN DEFINED 374416 FREDDIE MAC COM 313400301 12522 3,4,2 224000 SH DEFINED 224000 FREEPORT MCMORAN COPPER&GOLD CL B 35671D857 951 2 70625 SH DEFINED 70625 GABLES RESIDENTIAL TRUST SHINT 362418105 369 2 13825 SH DEFINED 13825 GENERAL CABLE CORP COM 369300108 342 2 88950 SH DEFINED 88950 GENERAL ELECTRIC CO COM 369604103 3377 3,2 137000 SH DEFINED 137000 GENERAL MOTORS - CLASS H COM 370442832 1985 4,2 216900 SH DEFINED 216900 GENERAL MOTORS CORP COM 370442105 15717 3,4,2 395000 SH DEFINED 395000 GEORGIA-PACIFIC CORPORATION COM 373298108 500 2 38225 SH DEFINED 38225 GLIMCHER REALTY TRUST SHINT 379302102 804 2 42900 SH DEFINED 42900 GRAFTECH INTERNATIONAL LTD COM 384313102 38 2 5275 SH DEFINED 5275 GREAT LAKES REIT INC COM 390752103 1136 4,2 65000 SH DEFINED 65000 HARRIS CORP COM 413875105 335 2 10000 SH DEFINED 10000 HCA INC COM 404119109 3809 3,2 80000 SH DEFINED 80000 HEALTH CARE PPTYS INVEST INC COM 421915109 1406 4,2 33000 SH DEFINED 33000 HEALTH NET INC COM 42222G108 1227 2 57225 SH DEFINED 57225 HEALTHCARE REALTY TRUST INC COM 421946104 6876 4,2 221100 SH DEFINED 221100 HEALTHSOUTH CORP SDCV 421924AF8 3700 4,2 4000000 PRN DEFINED 109200 HEALTHSOUTH CORP. COM 421924101 2386 4,2 575000 SH DEFINED 575000 HEARST-ARGYLE TELEVISION INC COM 422317107 4099 4,2 165000 SH DEFINED 165000 HEWLETT-PACKARED CO COM 428236103 714 2 61200 SH DEFINED 61200 HOME DEPOT COM 437076102 1644 3,2 63000 SH DEFINED 63000 HONEYWELL INTERNATIONAL INC COM 438516106 1300 3,2 60000 SH DEFINED 60000 HOUSEHOLD INTL INC COM 441815107 4530 4,2 160000 SH DEFINED 160000 IDEC PHARMACEUTICALS CORP COM 449370105 1440 3,4,2 34100 SH DEFINED 34100 IMC GLOBAL INC COM 449669100 804 4,2 66700 SH DEFINED 66700 INCO LTD COM 453258402 583 4,2 36300 SH DEFINED 36300 INCO LTD NOTE 453258AM7 2941 4,2 5000000 PRN DEFINED 132765 INGERSOLL RAND CO CL A G4776G101 1722 4,2 50000 SH DEFINED 50000 INSITUFORM TECHNOLOGIES-CL A CL A 457667103 2009 4,2 140000 SH DEFINED 140000 INSWEB CORPORATION COM 45809K202 156 4,2 87619.5 SH DEFINED 87619.5 INTEL CORP COM 458140100 1100 3,2 79200 SH DEFINED 79200 INTERNATIONAL BUSINESS MACHINE COM 459200101 12128 4,2 208000 SH DEFINED 208000 INTERNATIONAL PAPER CO. 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