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Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2011
Quarterly Financial Data [Abstract]  
Quarterly Financial Data (Unaudited)
Note P. Quarterly Financial Data (Unaudited)
The following tables set forth unaudited quarterly financial data for the years ended December 31, 2011 and 2010.
Quarterly Financial Data
2011
 
 
 
 
 
 
 
 
 
(In millions, except per share data)
First
 
Second
 
Third
 
Fourth
 
Full Year
Revenues
$
2,315

 
$
2,198

 
$
2,175

 
$
2,259

 
$
8,947

Income from continuing operations
233

 
132

 
75

 
191

 
631

Income (loss) from discontinued operations, net of income tax (expense) benefit
(1
)
 
—

 
—

 
—

 
(1
)
Net (income) loss attributable to noncontrolling interests
(9
)
 
(6
)
 
—

 
(1
)
 
(16
)
Net income attributable to CNA
$
223

 
$
126

 
$
75

 
$
190

 
$
614

Basic and Diluted Earnings (Loss) Per Share
 
 
 
 
 
 
 
 
 
Income from continuing operations attributable to CNA common stockholders
$
0.83

 
$
0.47

 
$
0.28

 
$
0.70

 
$
2.28

Income (loss) from discontinued operations attributable to CNA common stockholders
—

 
—

 
—

 
—

 
—

Basic and diluted earnings per share attributable to CNA common stockholders
$
0.83

 
$
0.47

 
$
0.28

 
$
0.70

 
$
2.28


2010
 
 
 
 
 
 
 
 
 
(In millions, except per share data)
First
 
Second
 
Third
 
Fourth
 
Full Year
Revenues
$
2,315

 
$
2,233

 
$
2,363

 
$
2,298

 
$
9,209

Income (loss) from continuing operations
255

 
301

 
(103
)
 
326

 
779

Income (loss) from discontinued operations, net of income tax (expense) benefit
—

 
1

 
(22
)
 
—

 
(21
)
Net (income) loss attributable to noncontrolling interests
(10
)
 
(19
)
 
(15
)
 
(24
)
 
(68
)
Net income (loss) attributable to CNA
$
245

 
$
283

 
$
(140
)
 
$
302

 
$
690

Basic and Diluted Earnings (Loss) Per Share
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations attributable to CNA common stockholders
$
0.82

 
$
0.96

 
$
(0.51
)
 
$
1.09

 
$
2.36

Income (loss) from discontinued operations attributable to CNA common stockholders
—

 
—

 
(0.08
)
 
—

 
(0.08
)
Basic and diluted earnings (loss) per share attributable to CNA common stockholders
$
0.82

 
$
0.96

 
$
(0.59
)
 
$
1.09

 
$
2.28


During the fourth quarter of 2011, the Company unlocked assumptions related to its payout annuity contracts, as further discussed in Note A, resulting in a loss recognition of $115 million after-tax.