Business Segments (Tables)

3 Months Ended

Mar. 31, 2013

Business Segments [Abstract]

Significant components of the Company's continuing operations and selected balance sheet items

Three months ended March 31, 2013	CNA Specialty			CNA Commercial			Hardy			Life & Group Non-Core			Corporate & Other Non-Core
(In millions)																Eliminations			Total
Operating revenues
Net earned premiums	$	723		$	837		$	64		$	141		$	—		$	(1	)	$	1,764
Net investment income	170			250			1			204			8			—			633
Other revenues	60			10			1			4			3			—			78
Total operating revenues	953			1,097			66			349			11			(1		)	2,475
Claims, Benefits and Expenses
Net incurred claims and benefits	465			600			31			325			4			—			1,425
Policyholders’ dividends	1			2			—			1			—			—			4
Amortization of deferred acquisition costs	150			149			21			8			—			—			328
Other insurance related expenses	71			143			16			33			—			(1		)	262
Other expenses	54			9			7			5			46			—			121
Total claims, benefits and expenses	741			903			75			372			50			(1		)	2,140
Operating income (loss) before income tax	212			194			(9		)	(23		)	(39		)	—			335
Income tax (expense) benefit on operating income (loss)	(72		)	(69		)	1			23			13			—			(104		)
Net operating income (loss)	140			125			(8		)	—			(26		)	—			231
Net realized investment gains (losses)	3			4			1			14			6			—			28
Income tax (expense) benefit on net realized investment gains (losses)	(1		)	(1		)	—			(5		)	(2		)	—			(9		)
Net realized investment gains (losses), after-tax	2			3			1			9			4			—			19
Net income (loss)	$	142		$	128		$	(7	)	$	9		$	(22	)	$	—		$	250

March 31, 2013
(In millions)
Reinsurance receivables	$	662	$	1,170	$	251	$	1,273	$	2,781	$	—		$	6,137
Insurance receivables	$	707	$	1,168	$	181	$	13	$	3	$	—		$	2,072
Deferred acquisition costs	$	313	$	287	$	41	$	—	$	—	$	—		$	641
Goodwill	$	117	$	—	$	34	$	—	$	—	$	—		$	151
Insurance reserves
Claim and claim adjustment expenses	$	6,807	$	11,105	$	470	$	3,031	$	3,098	$	—		$	24,511
Unearned premiums	1,770		1,629		218		143		—		(1		)	3,759
Future policy benefits	—		—		—		11,469		—		—			11,469
Policyholders’ funds	9		14		—		131		—		—			154

Three months ended March 31, 2012	CNA Specialty			CNA Commercial			Hardy	Life & Group Non-Core			Corporate & Other Non-Core
(In millions)														Eliminations		Total
Operating revenues
Net earned premiums	$	706		$	803			$	141		$	(1	)	$	—	$	1,649
Net investment income	175			265				198			10			—		648
Other revenues	56			9				(2		)	5			—		68
Total operating revenues	937			1,077				337			14			—		2,365
Claims, Benefits and Expenses
Net incurred claims and benefits	468			567				336			7			—		1,378
Policyholders’ dividends	(2		)	3				2			—			—		3
Amortization of deferred acquisition costs	148			139				8			—			—		295
Other insurance related expenses	72			144				35			(1		)	—		250
Other expenses	50			7				6			48			—		111
Total claims, benefits and expenses	736			860				387			54			—		2,037
Operating income (loss) before income tax	201			217				(50		)	(40		)	—		328
Income tax (expense) benefit on operating income (loss)	(69		)	(78		)		31			14			—		(102		)
Net operating income (loss)	132			139				(19		)	(26		)	—		226
Net realized investment gains (losses)	8			11				13			4			—		36
Income tax (expense) benefit on net realized investment gains (losses)	(2		)	(4		)		(5		)	(1		)	—		(12		)
Net realized investment gains (losses), after-tax	6			7				8			3			—		24
Net income (loss)	$	138		$	146			$	(11	)	$	(23	)	$	—	$	250

December 31, 2012
(In millions)
Reinsurance receivables	$	665	$	1,155	$	294	$	1,273	$	2,844	$	—	$	6,231
Insurance receivables	$	673	$	1,116	$	181	$	9	$	4	$	—	$	1,983
Deferred acquisition costs	$	300	$	269	$	29	$	—	$	—	$	—	$	598
Goodwill	$	117	$	—	$	37	$	—	$	—	$	—	$	154
Insurance reserves
Claim and claim adjustment expenses	$	6,748	$	11,326	$	521	$	3,006	$	3,162	$	—	$	24,763
Unearned premiums	1,685		1,569		222		134		—		—		3,610
Future policy benefits	—		—		—		11,475		—		—		11,475
Policyholders’ funds	8		15		—		134		—		—		157

Revenues by line of business

Revenues by Line of Business

Three months ended March 31
(In millions)	2013			2012
CNA Specialty
International	$	59		$	57
Professional & Management Liability	700			694
Surety	116			119
Warranty & Alternative Risks	81			75
CNA Specialty revenues	956			945
CNA Commercial
Commercial Insurance	826			835
International	93			91
Small Business	182			162
CNA Commercial revenues	1,101			1,088
Hardy revenues	67
Life & Group Non-Core
Health	298			291
Life & Annuity	61			60
Other	4			(1		)
Life & Group Non-Core revenues	363			350
Corporate & Other Non-Core revenues	17			18
Eliminations	(1		)	—
Total revenues	$	2,503		$	2,401