13F-HR 1 cnaf0912.txt FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2012 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: 333 S. Wabash Chicago,IL 60604 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: Lawrence J. Boysen Title: Senior Vice President and Corporate Controller Phone: (312) 822 5653 Signature, Place, and Date of Signing: /s/ Lawrence J. Boysen Chicago, IL 11/14/2012 --------------------------------- --------------------------------- ---------- [Signature] [City, State] [Date] Assets reported herein are described as having shared investment discretion among Loews Corporation, CNA Financial Corporation, The Continental Corporation and Continental Casualty 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 The Continental Corporation; and The Continental Corporation owns 100% of the outstanding shares of Continental Casualty Company. Loews Corporation will report separately on securities over which it has investment discretion which are not part of this report. Report Type (Check only one.): [ X ] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 3 Form 13F Information Table Entry Total: 170 Form 13F Information Table Value Total: $398,908 (in thousands) List of Other Included Managers: No. 13F File Number Name 1 28-217 Loews Corporation 2 28-172 The Continental Corporation 3 28-387 Continental Casualty Company
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None ABBOTT LABORATORIES COM 002824100 3,082 44,950 SH DEFINED 1,2,3 44,950 ACTUANT CORP CL A 00508X203 1,563 54,600 SH DEFINED 1,2,3 54,600 AEROPOSTALE INC COM 007865108 1,069 79,000 SH DEFINED 1,2,3 79,000 ALLEGHENY TECHNOLOGIES INC COM 01741R102 797 24,995 SH DEFINED 1,2,3 24,995 ALLSTATE CORPORATION COM 020002101 2,494 62,975 SH DEFINED 1,2,3 62,975 AMERICAN EQUITY INVT LIFE COM 025676206 1,081 92,925 SH DEFINED 1,2,3 92,925 AMERICAN INTERNATIONAL GRP COM 026874784 1,849 56,400 SH DEFINED 1,2,3 56,400 AMERICAN REPROGRAPHICS CO COM 029263100 557 130,375 SH DEFINED 1,2,3 130,375 AMGEN INC COM 031162100 4,215 50,000 SH DEFINED 1,2,3 50,000 ANADARKO PETROLEUM CORP COM 032511107 11,762 168,225 SH DEFINED 1,2,3 168,225 APACHE CORP COM 037411105 5,621 65,000 SH DEFINED 1,2,3 65,000 APOLLO GROUP INC CL A 037604105 1,714 59,000 SH DEFINED 1,2,3 59,000 ARGAN INC COM 04010E109 216 12,377 SH DEFINED 1,2,3 12,377 ARGO GROUP INTERNATIONAL COM G0464B107 1,469 45,350 SH DEFINED 1,2,3 45,350 ARRIS GROUP INC COM 04269Q100 368 28,800 SH DEFINED 1,2,3 28,800
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None ARTIO GLOBAL INVESTORS INC CL A 04315B107 202 67,700 SH DEFINED 1,2,3 67,700 ASPEN INSURANCE HOLDINGS SHS G05384105 1,232 40,400 SH DEFINED 1,2,3 40,400 ASSURANT INC COM 04621X108 3,506 94,000 SH DEFINED 1,2,3 94,000 AVNET INC COM 053807103 3,147 108,175 SH DEFINED 1,2,3 108,175 BAKER HUGHES INC COM 057224107 1,549 34,250 SH DEFINED 1,2,3 34,250 BANK OF AMERICA CORP COM 060505104 1,002 113,425 SH DEFINED 1,2,3 113,425 BANK OF NEW YORK COM 064058100 3,417 151,082 SH DEFINED 1,2,3 151,082 BARRICK GOLD CORP COM 067901108 3,381 80,951 SH DEFINED 1,2,3 80,951 BBCN BANCORP INC COM 073295107 1,513 120,000 SH DEFINED 1,2,3 120,000 BECTON DICKINSON & CO COM 075887109 1,567 19,950 SH DEFINED 1,2,3 19,950 BLUEKNIGHT ENERGY PARTNERS COM 09625U109 1,288 207,010 SH DEFINED 1,2,3 207,010 BP PLC SPONS 055622104 2,356 55,614 SH DEFINED 1,2,3 55,614 BRADY CORPORATION CL A 104674106 1,938 66,200 SH DEFINED 1,2,3 66,200 CABOT OIL & GAS CORP COM 127097103 1,414 31,500 SH DEFINED 1,2,3 31,500 CAL DIVE INTERNATIONAL INC COM 12802T101 287 187,400 SH DEFINED 1,2,3 187,400
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None CALLAWAY GOLF COMPANY COM 131193104 176 28,600 SH DEFINED 1,2,3 28,600 CANADIAN NATURAL RESOURCES COM 136385101 616 20,000 SH DEFINED 1,2,3 20,000 CAPITAL LEASE FUNDING INC COM 140288101 998 192,981 SH DEFINED 1,2,3 192,981 CAPITAL PRODUCT PARTNERS COM Y11082107 2,068 253,100 SH DEFINED 1,2,3 253,100 CARPENTER TECHNOLOGY COM 144285103 324 6,200 SH DEFINED 1,2,3 6,200 CASH AMERICA INTL INC COM 14754D100 228 5,900 SH DEFINED 1,2,3 5,900 CASTLE (A.M.) & CO COM 148411101 513 41,100 SH DEFINED 1,2,3 41,100 CIRCOR INTERNATIONAL INC COM 17273K109 1,194 31,625 SH DEFINED 1,2,3 31,625 CITIGROUP INC COM 172967424 5,495 167,949 SH DEFINED 1,2,3 167,949 CNO FINANCIAL GROUP INC COM 12621E103 1,434 148,600 SH DEFINED 1,2,3 148,600 COCA COLA CO COM 191216100 630 16,600 SH DEFINED 1,2,3 16,600 COMCAST CORP CL A 20030N200 8,703 250,000 SH DEFINED 1,2,3 250,000 CON-WAY INC COM 205944101 1,300 47,500 SH DEFINED 1,2,3 47,500 CURTISS-WRIGHT CORP COM 231561101 1,055 32,275 SH DEFINED 1,2,3 32,275 DELL COMPUTER CORP COM 24702R101 1,436 145,675 SH DEFINED 1,2,3 145,675
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None DELPHI AUTOMOTIVE PLC SHS G27823106 1,714 55,300 SH DEFINED 1,2,3 55,300 DENBURY RESOURCES INC COM 247916208 2,505 155,000 SH DEFINED 1,2,3 155,000 DEVON ENERGY CORP COM 25179M103 4,870 80,500 SH DEFINED 1,2,3 80,500 DEVRY INC COM 251893103 597 26,250 SH DEFINED 1,2,3 26,250 DIAMONDROCK HOSPITALITY CO COM 252784301 1,234 128,171 SH DEFINED 1,2,3 128,171 DIODES INC COM 254543101 1,202 70,675 SH DEFINED 1,2,3 70,675 ENGILITY HOLDINGS INC COM 29285W104 616 33,379 SH DEFINED 1,2,3 33,379 ENSCO INTERNATIONAL INC CL A G3157S106 3,274 60,000 SH DEFINED 1,2,3 60,000 ENTERGY CORP COM 29364G103 1,935 27,925 SH DEFINED 1,2,3 27,925 EOG RESOURCES INC COM 26875P101 1,121 10,000 SH DEFINED 1,2,3 10,000 EXXON MOBIL CORP COM 30231G102 2,005 21,925 SH DEFINED 1,2,3 21,925 EZCORP INC CL A 302301106 559 24,400 SH DEFINED 1,2,3 24,400 FEDEX CORPORATION COM 31428X106 7,066 83,500 SH DEFINED 1,2,3 83,500 FIRST AMERICAN FINANCIAL COM 31847R102 686 31,675 SH DEFINED 1,2,3 31,675 FORTUNE BRANDS HOME & SEC COM 34964C106 4,237 156,864 SH DEFINED 1,2,3 156,864
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None FRANKLIN RESOURCES INC COM 354613101 1,229 9,825 SH DEFINED 1,2,3 9,825 GENERAL MOTORS WARRANT 37045V118 752 54,576 SH DEFINED 1,2,3 54,576 GENON ENERGY INC COM 37244E107 924 365,157 SH DEFINED 1,2,3 365,157 GLOBAL CASH ACCESS INC COM 378967103 1,261 156,616 SH DEFINED 1,2,3 156,616 GOLDMAN SACHS GROUP INC COM 38141G104 1,563 13,750 SH DEFINED 1,2,3 13,750 GOOGLE INC CL A 38259P508 3,010 3,990 SH DEFINED 1,2,3 3,990 GRANITE REAL ESTATE INC COM 387431109 1,041 29,000 SH DEFINED 1,2,3 29,000 GRAY TELEVISION INC COM 389375106 573 251,444 SH DEFINED 1,2,3 251,444 GREAT PLAINS ENERGY INC COM 391164100 396 17,800 SH DEFINED 1,2,3 17,800 GRIFFON CORPORATION COM 398433102 1,302 126,419 SH DEFINED 1,2,3 126,419 HALOZYME THERAPEUTICS INC COM 40637H109 283 37,525 SH DEFINED 1,2,3 37,525 HARSCO CORP COM 415864107 1,222 59,500 SH DEFINED 1,2,3 59,500 HARTE-HANKS INC COM 416196103 1,363 196,750 SH DEFINED 1,2,3 196,750 HERMAN MILLER INC COM 600544100 526 27,075 SH DEFINED 1,2,3 27,075 HESS CORP COM 42809H107 1,539 28,645 SH DEFINED 1,2,3 28,645
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None HEWLETT-PACKARD CO COM 428236103 5,867 343,888 SH DEFINED 1,2,3 343,888 HOSPITALITY PROPERTIES COM 44106M102 2,204 92,700 SH DEFINED 1,2,3 92,700 HUNTINGTON INGALLS IND COM 446413106 1,022 24,300 SH DEFINED 1,2,3 24,300 ICONIX BRAND GROUP INC COM 451055107 744 40,800 SH DEFINED 1,2,3 40,800 INGERSOLL RAND CO SHS G47791101 1,907 42,555 SH DEFINED 1,2,3 42,555 INGRAM MICRO INC CL A 457153104 911 59,836 SH DEFINED 1,2,3 59,836 INNOSPEC INC COM 45768S105 729 21,498 SH DEFINED 1,2,3 21,498 INSIGHT ENTERPRISES INC COM 45765U103 938 53,703 SH DEFINED 1,2,3 53,703 INTERNATIONAL BUSINESS MACH COM 459200101 22,240 107,205 SH DEFINED 1,2,3 107,205 INTERVAL LEISURE GROUP COM 46113M108 292 15,435 SH DEFINED 1,2,3 15,435 INVESCO LTD SHS G491BT108 1,983 79,350 SH DEFINED 1,2,3 79,350 JAKKS PACIFIC INC COM 47012E106 934 64,106 SH DEFINED 1,2,3 64,106 JOHNSON & JOHNSON COM 478160104 4,927 71,505 SH DEFINED 1,2,3 71,505 JONES APPAREL GROUP INC COM 48020T101 1,841 143,075 SH DEFINED 1,2,3 143,075 JPMORGAN CHASE & COMPANY COM 46625H100 5,512 136,175 SH DEFINED 1,2,3 136,175
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None KAISER ALUMINUM CORP COM 483007704 444 7,600 SH DEFINED 1,2,3 7,600 KAPSTONE PAPER & PACKAGING COM 48562P103 405 18,100 SH DEFINED 1,2,3 18,100 L-3 COMMUNICATIONS CORP COM 502424104 2,067 28,825 SH DEFINED 1,2,3 28,825 LEGG MASON INC COM 524901105 2,795 113,264 SH DEFINED 1,2,3 113,264 LENNAR CORP CL B 526057302 371 13,780 SH DEFINED 1,2,3 13,780 LEXMARK INTL GROUP INC CL A 529771107 392 17,600 SH DEFINED 1,2,3 17,600 LIFE TECHNOLOGIES CORP COM 53217V109 678 13,880 SH DEFINED 1,2,3 13,880 LINCOLN NATIONAL CORP IND COM 534187109 4,354 180,000 SH DEFINED 1,2,3 180,000 MASCO CORPORATION COM 574599106 1,595 105,950 SH DEFINED 1,2,3 105,950 MATTHEWS INTL CORP CL A 577128101 559 18,750 SH DEFINED 1,2,3 18,750 MEDTRONIC INC COM 585055106 2,115 49,045 SH DEFINED 1,2,3 49,045 MERCK & CO. INC. COM 58933Y105 5,338 118,382 SH DEFINED 1,2,3 118,382 METLIFE INC COM 59156R108 4,838 140,400 SH DEFINED 1,2,3 140,400 MICROSOFT CORP COM 594918104 14,940 502,005 SH DEFINED 1,2,3 502,005 MILLER INDUSTRIES INC/TENN COM 600551204 176 10,962 SH DEFINED 1,2,3 10,962
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None MOHAWK INDUSTRIES INC COM 608190104 1,900 23,750 SH DEFINED 1,2,3 23,750 MONSTER WORLDWIDE INC COM 611742107 939 128,050 SH DEFINED 1,2,3 128,050 MORGAN ST DEAN WITTER DISC COM 617446448 1,229 73,425 SH DEFINED 1,2,3 73,425 MUELLER WATER PRODUCTS INC COM 624758108 1,341 273,775 SH DEFINED 1,2,3 273,775 NATL PENN BCSHS INC COM 637138108 1,152 126,475 SH DEFINED 1,2,3 126,475 NELNET INC-CL A CL A 64031N108 344 14,500 SH DEFINED 1,2,3 14,500 NISOURCE INC COM 65473P105 1,877 73,680 SH DEFINED 1,2,3 73,680 NORTHROP GRUMMAN CORP COM 666807102 2,355 35,450 SH DEFINED 1,2,3 35,450 NV ENERGY INC COM 67073Y106 465 25,800 SH DEFINED 1,2,3 25,800 OCCIDENTAL PETROLEUM COM 674599105 7,745 90,000 SH DEFINED 1,2,3 90,000 OFFICEMAX INC COM 67622P101 467 59,760 SH DEFINED 1,2,3 59,760 OMNICOM GROUP COM 681919106 1,526 29,600 SH DEFINED 1,2,3 29,600 ORACLE CORP COM 68389X105 12,209 388,065 SH DEFINED 1,2,3 388,065 OVERHILL FARMS INC COM 690212105 160 34,918 SH DEFINED 1,2,3 34,918 OWENS CORNING COM 690742101 1,984 59,300 SH DEFINED 1,2,3 59,300
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None PACIFIC ETHANOL INC COM 69423U206 387 992,389 SH DEFINED 1,2,3 992,389 PAR PHARMACEUTICAL COS INC COM 69888P106 410 8,200 SH DEFINED 1,2,3 8,200 PARK STERLING CORP COM 70086Y105 454 91,866 SH DEFINED 1,2,3 91,866 PARTNERRE LTD COM G6852T105 2,067 27,825 SH DEFINED 1,2,3 27,825 PFIZER INC COM 717081103 6,213 250,000 SH DEFINED 1,2,3 250,000 PHH CORP COM 693320202 1,473 72,375 SH DEFINED 1,2,3 72,375 PHOTOMEDEX INC COM 719358301 1,473 104,770 SH DEFINED 1,2,3 104,770 PIKE ELECTRIC CORP COM 721283109 459 57,750 SH DEFINED 1,2,3 57,750 PIONEER NATURAL RESOURCES COM 723787107 4,176 40,000 SH DEFINED 1,2,3 40,000 PITNEY-BOWES INC COM 724479100 1,457 105,436 SH DEFINED 1,2,3 105,436 PNC FINANCIAL CORP COM 693475105 1,607 25,469 SH DEFINED 1,2,3 25,469 PRIMERICA INC COM 74164M108 1,264 44,131 SH DEFINED 1,2,3 44,131 PROTECTIVE LIFE CORP COM 743674103 480 18,300 SH DEFINED 1,2,3 18,300 RALCORP HOLDINGS INC COM 751028101 875 11,980 SH DEFINED 1,2,3 11,980 RENT-A-CENTER INC COM 76009N100 1,226 34,975 SH DEFINED 1,2,3 34,975
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None RENTECH NITROGEN PARTNERS COM 760113100 3,876 100,000 SH DEFINED 1,2,3 100,000 ROWAN COS INC CL A G7665A101 2,533 75,000 SH DEFINED 1,2,3 75,000 ROYAL DUTCH SHELL PLC SPONS 780259206 2,517 36,266 SH DEFINED 1,2,3 36,266 SEARS HOLDINGS CORP COM 812350106 969 17,465 SH DEFINED 1,2,3 17,465 SEARS HOMETOWN AND OUTLET RIGHT 812350114 31 17,465 SH DEFINED 1,2,3 17,465 SKECHERS USA INC CL A 830566105 919 45,067 SH DEFINED 1,2,3 45,067 SPDR GOLD TRUST SHS 78463V107 42,973 250,000 SH DEFINED 1,2,3 250,000 STAPLES INC COM 855030102 6,005 521,297 SH DEFINED 1,2,3 521,297 STATE STREET CORP COM 857477103 1,695 40,400 SH DEFINED 1,2,3 40,400 SUPERIOR ENERGY SERVICES INCCOM 868157108 207 10,100 SH DEFINED 1,2,3 10,100 SYNOVUS FINANCIAL CORP COM 87161C105 189 79,550 SH DEFINED 1,2,3 79,550 TCF FINANCIAL CORP COM 872275102 1,286 107,675 SH DEFINED 1,2,3 107,675 TE CONNECTIVITY LTD REG SHS H84989104 1,873 55,075 SH DEFINED 1,2,3 55,075 TENET HEALTHCARE CORP COM 88033G100 219 34,900 SH DEFINED 1,2,3 34,900 THERMO FISHER SCIENTIFIC COM 883556102 1,921 32,653 SH DEFINED 1,2,3 32,653
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None THOR INDUSTRIES INC COM 885160101 1,261 34,725 SH DEFINED 1,2,3 34,725 TRAVELERS COS INC COM 89417E109 9,556 140,000 SH DEFINED 1,2,3 140,000 TUPPERWARE CORP COM 899896104 380 7,100 SH DEFINED 1,2,3 7,100 TUTOR PERINI CORP COM 901109108 758 66,250 SH DEFINED 1,2,3 66,250 UFP TECHNOLOGIES INC COM 902673102 338 19,243 SH DEFINED 1,2,3 19,243 UNITED CONTINENTAL HOLDINGS COM 910047109 1,017 52,130 SH DEFINED 1,2,3 52,130 UNITED STATIONERS INC COM 913004107 1,530 58,700 SH DEFINED 1,2,3 58,700 UNUM CORP COM 91529Y106 855 44,500 SH DEFINED 1,2,3 44,500 URANIUM ENERGY CORP COM 916896103 811 310,700 SH DEFINED 1,2,3 310,700 URS CORP COM 903236107 557 15,775 SH DEFINED 1,2,3 15,775 VALASSIS COMMUNICATIONS INC COM 918866104 2,155 87,300 SH DEFINED 1,2,3 87,300 VCA ANTECH INC COM 918194101 1,519 77,025 SH DEFINED 1,2,3 77,025 VIRTUS INVESTMENT PARTNERS COM 92828Q109 1,686 19,600 SH DEFINED 1,2,3 19,600 WEBSTER FINANCIAL CORP COM 947890109 1,351 57,000 SH DEFINED 1,2,3 57,000 WET SEAL INC CL A 961840105 230 72,900 SH DEFINED 1,2,3 72,900
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None WPX ENERGY INC COM 98212B103 2,085 125,702 SH DEFINED 1,2,3 125,702 WSFS FINANCIAL CORP COM 929328102 623 15,100 SH DEFINED 1,2,3 15,100 XEROX CORP COM 984121103 5,737 781,555 SH DEFINED 1,2,3 781,555 XL GROUP PLC SHS G98290102 932 38,800 SH DEFINED 1,2,3 38,800 YAHOO! INC COM 984332106 3,049 190,866 SH DEFINED 1,2,3 190,866