13F-HR/A 1 cnafseptm.txt FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2001 Check here if Amendment [ x ]; Amendment Number:2 This Amendment (Check only one.): [ x ] 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 12, 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: 362 Form 13F Information Table Value Total: 1,593,388.7 (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 SH NONE ACCENTURE LTD CL A G1150G111 6,279 4,2 492500 SH DEFINED 492500 ACME COMMUNICATIONS INC COM 004631107 3,028 3,4,2 432595 SH DEFINED 432595 ADELPHIA COMMUNICATIONS CL A 006848105 8,880 4,2 400000 SH DEFINED 400000 AETNA INC COM 00817Y108 10,279 4,2 355800 SH DEFINED 355800 AFFILIATED COMPUTER SVCS SUB NT CV 008190AF7 2,784 3,2 2400000 PRN DEFINED AFFILIATED COMPUTER SVCS CL A 008190100 1,465 3,2 18000 SH DEFINED 18000 AGCO CORP COM 001084102 4,039 4,2 446300 SH DEFINED 446300 AGERE SYSTEMS INC-A CL A 00845V100 518 4,2 125000 SH DEFINED 125000 AIR PRODUCTS & CHEMICAL COM 009158106 965 4,2 25000 SH DEFINED 25000 AK STEEL HOLDING CORP COM 001547108 2,525 4,2 298800 SH DEFINED 298800 AKAMAI TECHNOLOGIES COM 00971T101 87 4,2 30000 SH DEFINED 30000 ALCAN INC COM 013716105 600 2 20000 SH DEFINED 20000 ALCOA INC COM 013817101 7,628 3,4,2 246000 SH DEFINED 246000 ALLEGHENY ENERGY INC COM 017361106 1,149 4,2 31300 SH DEFINED 31300 ALLMERICA FINANCIAL CORP COM 019754100 673 4,2 15000 SH DEFINED 15000 ALLTEL CORP COM 020039103 9,011 4,2 155500 SH DEFINED 155500 ALPHARMA INC SR SB NT CV 020813AD3 1,385 3,2 1250000 PRN DEFINED ALPHARMA INC CL A 020813101 854 3,2 29640 SH DEFINED 29640 AMBAC FINANCIAL GROUP INC COM 023139108 4,924 4,2 90000 SH DEFINED 90000 AMERADA HESS COM 023551104 6,985 4,2 110000 SH DEFINED 110000 AMERICA WEST HOLDINGS CL B 023657208 20 2 10825 SH DEFINED 10825 AMERICAN EXPRESS COM 025816109 9,113 3,4,2 313600 SH DEFINED 313600 AMERICAN INTL GROUP INC COM 026874107 3,798 3,4,2 48690 SH DEFINED 48690 AMERICAN NATIONAL INSURANCE COM 028591105 109 2 1350 SH DEFINED 1350 AMERICAN PHYSICIANS CAP INC COM 028884104 157 2 7575 SH DEFINED 7575 AMERISOURCEBERGEN CORP COM 03073E105 2,917 3,2 41110 SH DEFINED 41110 AMKOR TECHNOLOGY INC COM 031652100 947 4,2 90000 SH DEFINED 90000 ANADARKO PETROLEUM CORP COM 032511107 7,801 4,2 162250 SH DEFINED 162250 ANHEUSER BUSCH CO COM 035229103 2,094 3,2 50000 SH DEFINED 50000 ANIXTER INTERNATIONAL INC COM 035290105 101 2 4075 SH DEFINED 4075 ANNTAYLOR STORES CORP COM 036115103 69 2 3150 SH DEFINED 3150 AOL TIME WARNER COM 00184A105 2,118 3,2 64000 SH DEFINED 64000 AON CORP COM 037389103 22,890 4,2 545000 SH DEFINED 545000 APACHE CORP COM 037411105 1,075 3,4,2 25000 SH DEFINED 25000 APPLIED MATERIALS INC. COM 038222105 2,417 3,2 85000 SH DEFINED 85000 ARGUSS COMMUNICATIONS INC COM 040282105 1,593 3,4,2 677874 SH DEFINED 677874 ARRIS GROUP COM 04269Q100 143 3,4,2 40000 SH DEFINED 40000 ARVINMERITOR INC COM 043353101 107 2 7475 SH DEFINED 7475 AT & T CORPORATION COM 001957109 14,186 4,2 735000 SH DEFINED 735000 AT HOME CORP SB DB CV 045919AC1 315 4,2 3000000 PRN DEFINED AT HOME CORP SUB NT CV 045919AF4 5,525 3,4,2 32500000 PRN DEFINED AT&T WIRELESS SERVICES INC COM 00209A106 8,202 4,2 548993.4 SH DEFINED 548993.4 ATLAS AIR WORLDWIDE HLDGS COM 049164106 1,088 4,2,1 110500 SH DEFINED 110500 BANK OF NEW YORK COM 064057102 1,750 4,2 50000 SH DEFINED 50000 BANK ONE CORP COM 06423A103 9,441 4,2 300000 SH DEFINED 300000 BARNES & NOBLE SUB NT CV 067774AC3 3,247 3,2 2450000 PRN DEFINED BARNES & NOBLE INC COM 067774109 2,234 3,2 61880 SH DEFINED 61880 BAYCORP HOLDINGS LTD COM 072728108 3,308 3,2 386442 SH DEFINED 386442 BEA SYSTEMS INC COM 073325102 1,466 3,2 152900 SH DEFINED 152900 BEA SYSTEMS INC SB NT CV 073325AD4 1,704 3,2 2350000 PRN DEFINED BEAR STEARNS COMPANIES INC COM 073902108 2,000 4,2 40000 SH DEFINED 40000 BED BATH & BEYOND INC COM 075896100 382 3,2 15000 SH DEFINED 15000 BELLSOUTH CORP COM 079860102 2,909 4,2 70000 SH DEFINED 70000 BETHLEHEM STEEL CORP COM 087509105 712 4,2 556100 SH DEFINED 556100 BOEING COMPANY COM 097023105 6,481 4,2 193450 SH DEFINED 193450 BORG WARNER AUTOMOTIVE INC COM 099724106 86 2 2125 SH DEFINED 2125 BOWATER INC COM 102183100 2,280 4,2 51800 SH DEFINED 51800 BOWNE & CO INC COM 103043105 109 2 10700 SH DEFINED 10700 BRISTOL-MYERS SQUIBB CO COM 110122108 5,000 4,2 90000 SH DEFINED 90000 BROADWING INC PFD CV DEP 111620407 400 3,2 10000 SH DEFINED 10000 BUCKHEAD AMERICA CORP COM 11835A105 19 4,2 21579 SH DEFINED 21579 BURLINGTON RESOURCES INC COM 122014103 4,789 4,2 140000 SH DEFINED 140000 CABLEVISION SYSTEMS CL A 12686C109 602 4,2 14700 SH DEFINED 14700 CABOT OIL & GAS CORP CL A 127097103 998 4,2 50000 SH DEFINED 50000 CALPINE CORPORATION COM 131347106 6,889 3,4,2 302000 SH DEFINED 302000 CANADIAN PACIFIC LTD COM 135923100 1,605 3,2 50000 SH DEFINED 50000 CARDINAL HEALTH INC. COM 14149Y108 4,765 3,2 64437 SH DEFINED 64437 CATELLUS DEVELOPMENT CORP COM 149111106 1,883 4,2 107724 SH DEFINED 107724 CATERPILLAR INC COM 149123101 896 4,2 20000 SH DEFINED 20000 CBRL GROUP INC COM 12489V106 901 2 41025 SH DEFINED 41025 CELESTICA INC SUBVTGSHS 15101Q108 3,191 3,4,2 117100 SH DEFINED 117100 CELESTICA INC LYONZR 15101QAA6 12,613 3,4,2 34380000 PRN DEFINED CENDANT CORPORATION COM 151313103 2,351 3,4,2 183700 SH DEFINED 183700 CENTEX CORP COM 152312104 438 2 13000 SH DEFINED 13000 CHIRON CORP COM 170040109 6,971 3,4,2 157100 SH DEFINED 157100 CHIRON CORP LYONZ R 170040AD1 30,111 3,4,2 54500000 PRN DEFINED CHUBB CORP COM 171232101 1,335 2 18700 SH DEFINED 18700 CISCO SYSTEMS INC COM 17275R102 2,436 3,2 200000 SH DEFINED 200000 CITIGROUP INC COM 172967101 8,708 3,4,2 215000 SH DEFINED 215000 CLEAR CHANNEL COMM COM 184502102 1,988 3,2 50000 SH DEFINED 50000 CLEVELAND-CLIFFS INC COM 185896107 215 4,2 14950 SH DEFINED 14950 CMS ENERGY ADJ CV TR 125896308 305 3,2 10000 SH DEFINED 10000 CNA SURETY CORPORATION COM 12612L108 371,611 4,2,1 27425147 SH DEFINED 27425147 CNF INC COM 12612W104 798 2 34975 SH DEFINED 34975 COLT TELECOM GROUP ADR 196877104 14 4,2 3000 SH DEFINED 3000 COMCAST CORP CL A SPL 200300200 4,304 3,2 120000 SH DEFINED 120000 COMMUNICATION INTELLIGENCE COM 20338K106 462 3,2 660000 SH DEFINED 660000 COMPAQ COMPUTER CORP COM 204493100 3,781 4,2 455000 SH DEFINED 455000 COMPUTER ASSOCIATES INTL INC COM 204912109 910 2 35350 SH DEFINED 35350 CONOCO INC-CL A CL A 208251306 2,289 4,2 90000 SH DEFINED 90000 CONSTELLATION ENERGY GROUP COM 210371100 3,146 4,2 130000 SH DEFINED 130000 COOPER INDUSTRIES INCORPORATE COM 216669101 930 2 22425 SH DEFINED 22425 CORN PRODUCTS INTL INC COM 219023108 3,815 4,2 132800 SH DEFINED 132800 CORNING INC. COM 219350105 79 4,2 9000 SH DEFINED 9000 CORRECTIONS CORP PFD CV B 22025Y308 1 4,2 101 SH DEFINED 101 COX COMMUNICATIONS INC CL A 224044107 2,593 3,4,2 62100 SH DEFINED 62100 CROWN CORK & SEAL CO INC. COM 228255105 1,336 4,2 583600 SH DEFINED 583600 CVS CORP COM 126650100 1,992 3,2 60000 SH DEFINED 60000 CYTEC INDUSTRIES INC COM 232820100 364 2 15725 SH DEFINED 15725 D.R. HORTON INC COM 23331A109 6,884 4,2 330000 SH DEFINED 330000 DEERE & CO COM 244199105 1,692 4,2 45000 SH DEFINED 45000 DEL MONTE FOODS CO COM 24522P103 1,952 4,2 253450 SH DEFINED 253450 DELL COMPUTER CORP COM 247025109 741 3,2 40000 SH DEFINED 40000 DELPHI AUTOMOTIVE SYSTEMS COM 247126105 1,495 4,2 127200 SH DEFINED 127200 DELPHI FINANCIAL GROUP CL A 247131105 3,718 4,2 110000 SH DEFINED 110000 DILLARDS INC-CL A CL A 254067101 101 2 7700 SH DEFINED 7700 DOLLAR THRIFTY AUTOMOTIVE COM 256743105 1,144 2 115000 SH DEFINED 115000 DOW CHEMICAL CORP COM 260543103 2,948 4,2 90000 SH DEFINED 90000 DU PONT DE NEMOURS E.I. COM 263534109 1,313 4,2 35000 SH DEFINED 35000 EAST-WEST BANCORP INC. COM 27579R104 22,628 4,2 967420 SH DEFINED 967420 EATON VANCE CORP COM NONVTG 278265103 922 3,4,2 29400 SH DEFINED ECHOSTAR COMM SUB NT CV 278762AB5 471 3,2 590000 PRN DEFINED ECHOSTAR COMMUNICATIONS CL A 278762109 249 3,2 10685 SH DEFINED 10685 EL PASO CORP COM 28336L109 4,579 4,2 110200 SH DEFINED 110200 ELDERTRUST COM SH BEN 284560109 1,487 4,2 208200 SH DEFINED 208200 ELECTRONIC DATA SYSTEMS COM 285661104 18,489 4,2 321100 SH DEFINED 321100 ENCOMPASS SERVICES CORP COM 29255U104 150 4,2 39800 SH DEFINED 39800 ENERGY EAST CORPORATION COM 29266M109 2,723 4,2 135400 SH DEFINED 135400 ENGEL GENERAL DEVELOPERS ORD M40515104 466 4,2 120000 SH DEFINED 120000 ENRON CORP COM 293561106 2,110 3,2 77500 SH DEFINED 77500 EQUITY OFFICE PROPERTIES TR COM 294741103 320 3,2 10000 SH DEFINED 10000 ESTERLINE TECHNOLOGIES CORP COM 297425100 69 2 4350 SH DEFINED 4350 EXCITE@HOME SB NT CV 045919AD9 3,485 3,4,2 20500000 PRN DEFINED EXELON CORP COM 30161N101 1,561 4,2 35000 SH DEFINED 35000 FEDERATED DEPART STORES INC COM 31410H101 4,512 4,2 160000 SH DEFINED 160000 FIRST CENTRAL FINANCIAL SUB DEB CV 318908AA8 161 3,2,1 1612000 PRN DEFINED FIRST CITIZENS BCSHS CL A 31946M103 42 2 500 SH DEFINED 500 FIRST DATA CORP COM 319963104 3,787 3,2 65000 SH DEFINED 65000 FIRSTENERGY CORP COM 337932107 3,595 4,2 100000 SH DEFINED 100000 FLEMING COS INC COM 339130106 1,838 3,2 62300 SH DEFINED 62300 FMC CORP (NEW) COM NEW 302491303 6,633 4,2 135400 SH DEFINED 135400 FMC TECHNOLOGIES INC COM 30249U101 196 2 17000 SH DEFINED 17000 FORTUNE BRANDS INC COM 349631101 863 2 25750 SH DEFINED 25750 FREDDIE MAC COM 313400301 2,990 3,2 46000 SH DEFINED 46000 FREEPORT MCMORAN COPPER&GOLD CL B 35671D857 630 2 57350 SH DEFINED 57350 FRONTLINE LTD. ORD G3682E127 2,267 4,2 250000 SH DEFINED 250000 GABLES RESIDENTIAL TRUST SH BEN INT 362418105 161 2 5250 SH DEFINED 5250 GEN SEMICONDUCTR SUB NT CV 370787AB9 983 3,2 1000000 PRN DEFINED GENENTECH INC COM 368710406 1,716 3,2 39000 SH DEFINED 39000 GENERAL ELECTRIC CO COM 369604103 8,519 3,4,2 229000 SH DEFINED 229000 GENERAL MOTORS CORP CL H 370442832 2,599 4,2 195000 SH DEFINED 195000 GENERAL SEMICONDUCTOR INC COM 370787103 412 3,2 42900 SH DEFINED 42900 GENUITY INC CL A 37248E103 39 4,2 25000 SH DEFINED 25000 GEORGIA-PACIFIC (TIMBER GRP) COM 373298702 1,268 4,2 35000 SH DEFINED 35000 GEORGIA-PACIFIC CORPORATION COM 373298108 575 2 19975 SH DEFINED 19975 GLIMCHER REALTY TRUST SH BEN INT 379302102 139 2 8575 SH DEFINED 8575 GOLD STANDARD INC COM 380724302 99 4,2 82812.5 SH DEFINED 82812.5 HANOVER COMPRESS SR NT CV 410768AC9 2,025 3,2 2400000 PRN DEFINED HANOVER COMPRESSOR CO COM 410768105 840 3,2 38800 SH DEFINED 38800 HAYES LEMMERZ INTL INC COM COM 420781106 274 3,2 273800 SH DEFINED 273800 HCA INC COM 404119109 3,545 3,2 80000 SH DEFINED 80000 HEALTH CARE PPTYS INVEST INC COM 421915109 2,461 4,2 64000 SH DEFINED 64000 HEALTH NET INC COM 42222G108 1,100 2 57225 SH DEFINED 57225 HEALTHCARE REALTY TRUST INC COM 421946104 6,144 4,2 240925 SH DEFINED 240925 HEALTHSOUTH CORP SB DBCV 421924AF8 3,800 4,2 4000000 PRN DEFINED HEALTHSOUTH CORP. 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