Business Segments (Tables)

9 Months Ended

Sep. 30, 2014

Segment Reporting [Abstract]

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

Three months ended September 30, 2014	CNA Specialty			CNA Commercial			Hardy			Life & Group Non-Core			Corporate & Other Non-Core
(In millions)																Eliminations			Total
Operating revenues
Net earned premiums	$	775		$	808		$	88		$	139		$	—		$	—		$	1,810
Net investment income	133			163			2			177			5			—			480
Other revenues	76			11			(1		)	(3		)	3			(2		)	84
Total operating revenues	984			982			89			313			8			(2		)	2,374
Claims, Benefits and Expenses
Net incurred claims and benefits	398			595			57			319			(18		)	—			1,351
Policyholders’ dividends	2			1			—			—			—			—			3
Amortization of deferred acquisition costs	159			139			27			7			—			—			332
Other insurance related expenses	73			139			15			33			—			—			260
Other expenses	65			12			6			36			55			(2		)	172
Total claims, benefits and expenses	697			886			105			395			37			(2		)	2,118
Operating income (loss) before income tax	287			96			(16		)	(82		)	(29		)	—			256
Income tax (expense) benefit on operating income (loss)	(95		)	(32		)	1			40			12			—			(74		)
Net operating income (loss)	192			64			(15		)	(42		)	(17		)	—			182
Net realized investment gains (losses), pretax	3			3			—			30			1			—			37
Income tax (expense) benefit on net realized investment gains (losses)	(1		)	1			—			(9		)	(1		)	—			(10		)
Net realized investment gains (losses)	2			4			—			21			—			—			27
Net income (loss) from continuing operations	$	194		$	68		$	(15	)	$	(21	)	$	(17	)	$	—		$	209

Three months ended September 30, 2013	CNA Specialty			CNA Commercial			Hardy		Life & Group Non-Core			Corporate & Other Non-Core
(In millions)															Eliminations			Total
Operating revenues
Net earned premiums	$	768		$	832		$	86	$	140		$	—		$	(1	)	$	1,825
Net investment income	159			219			1		167			9			—			555
Other revenues	67			10			1		(4		)	3			—			77
Total operating revenues	994			1,061			88		303			12			(1		)	2,457
Claims, Benefits and Expenses
Net incurred claims and benefits	427			565			35		343			4			—			1,374
Policyholders’ dividends	3			1			—		—			—			—			4
Amortization of deferred acquisition costs	161			148			25		7			—			—			341
Other insurance related expenses	64			141			14		33			1			(1		)	252
Other expenses	58			7			2		—			49			—			116
Total claims, benefits and expenses	713			862			76		383			54			(1		)	2,087
Operating income (loss) before income tax	281			199			12		(80		)	(42		)	—			370
Income tax (expense) benefit on operating income (loss)	(94		)	(68		)	—		47			16			—			(99		)
Net operating income (loss)	187			131			12		(33		)	(26		)	—			271
Net realized investment gains (losses), pretax	2			1			—		(3		)	1			—			1
Income tax (expense) benefit on net realized investment gains (losses)	(1		)	—			1		—			(1		)	—			(1		)
Net realized investment gains (losses)	1			1			1		(3		)	—			—			—
Net income (loss) from continuing operations	$	188		$	132		$	13	$	(36	)	$	(26	)	$	—		$	271

Nine months ended September 30, 2014	CNA Specialty			CNA Commercial			Hardy			Life & Group Non-Core			Corporate & Other Non-Core
(In millions)																Eliminations			Total
Operating revenues
Net earned premiums	$	2,286		$	2,447		$	278		$	417		$	—		$	(1	)	$	5,427
Net investment income	445			569			4			521			17			—			1,556
Other revenues	218			29			(1		)	10			10			(4		)	262
Total operating revenues	2,949			3,045			281			948			27			(5		)	7,245
Claims, Benefits and Expenses
Net incurred claims and benefits	1,304			1,871			147			929			(20		)	—			4,231
Policyholders’ dividends	4			6			—			—			—			—			10
Amortization of deferred acquisition costs	470			423			81			22			—			—			996
Other insurance related expenses	219			416			51			96			—			(1		)	781
Other expenses	191			31			14			34			75			(4		)	341
Total claims, benefits and expenses	2,188			2,747			293			1,081			55			(5		)	6,359
Operating income (loss) before income tax	761			298			(12		)	(133		)	(28		)	—			886
Income tax (expense) benefit on operating income (loss)	(253		)	(97		)	(1		)	98			11			—			(242		)
Net operating income (loss)	508			201			(13		)	(35		)	(17		)	—			644
Net realized investment gains (losses), pretax	10			8			(1		)	42			10			—			69
Income tax (expense) benefit on net realized investment gains (losses)	(3		)	(2		)	—			(14		)	(4		)	—			(23		)
Net realized investment gains (losses)	7			6			(1		)	28			6			—			46
Net income (loss) from continuing operations	$	515		$	207		$	(14	)	$	(7	)	$	(11	)	$	—		$	690

September 30, 2014
(In millions)
Reinsurance receivables	$	636	$	689	$	151	$	549	$	2,825	$	—	$	4,850
Insurance receivables	799		1,035		181		12		2		—		2,029
Deferred acquisition costs	320		253		54		—		—		—		627
Goodwill	117		—		37		—		—		—		154
Insurance reserves
Claim and claim adjustment expenses	6,861		10,156		380		3,113		2,965		—		23,475
Unearned premiums	1,858		1,466		249		130		—		—		3,703
Future policy benefits	—		—		—		8,890		—		—		8,890
Policyholders’ funds	10		17		—		—		—		—		27

Nine months ended September 30, 2013	CNA Specialty			CNA Commercial			Hardy			Life & Group Non-Core			Corporate & Other Non-Core
(In millions)																Eliminations			Total
Operating revenues
Net earned premiums	$	2,237		$	2,509		$	226		$	419		$	—		$	(2	)	$	5,389
Net investment income	480			680			3			492			25			—			1,680
Other revenues	190			85			1			1			8			(1		)	284
Total operating revenues	2,907			3,274			230			912			33			(3		)	7,353
Claims, Benefits and Expenses
Net incurred claims and benefits	1,344			1,809			107			983			6			—			4,249
Policyholders’ dividends	5			5			—			—			—			—			10
Amortization of deferred acquisition costs	467			450			66			21			—			—			1,004
Other insurance related expenses	200			426			43			97			1			(2		)	765
Other expenses	172			18			15			7			134			(1		)	345
Total claims, benefits and expenses	2,188			2,708			231			1,108			141			(3		)	6,373
Operating income (loss) before income tax	719			566			(1		)	(196		)	(108		)	—			980
Income tax (expense) benefit on operating income (loss)	(244		)	(198		)	3			116			38			—			(285		)
Net operating income (loss)	475			368			2			(80		)	(70		)	—			695
Net realized investment gains (losses), pre-tax	(1		)	(7		)	2			6			10			—			10
Income tax (expense) benefit on net realized investment gains (losses)	—			3			—			(2		)	(4		)	—			(3		)
Net realized investment gains (losses)	(1		)	(4		)	2			4			6			—			7
Net income (loss)	$	474		$	364		$	4		$	(76	)	$	(64	)	$	—		$	702

December 31, 2013
(In millions)
Reinsurance receivables	$	546	$	1,075	$	197	$	1,203	$	3,067	$	—	$	6,088
Insurance receivables	775		1,099		176		11		2		—		2,063
Deferred acquisition costs	318		257		49		—		—		—		624
Goodwill	117		—		38		—		—		—		155
Insurance reserves
Claim and claim adjustment expenses	6,689		10,649		386		3,058		3,307		—		24,089
Unearned premiums	1,805		1,536		249		128		—		—		3,718
Future policy benefits	—		—		—		10,471		—		—		10,471
Policyholders’ funds	9		15		—		92		—		—		116

Revenues by line of business

Revenues by Line of Business

Periods ended September 30	Three Months						Nine Months
(In millions)	2014			2013			2014			2013
CNA Specialty
International	$	57		$	59		$	183		$	177
Management & Professional Liability	699			720			2,113			2,107
Surety	133			126			380			365
Warranty & Alternative Risks	98			91			283			257
CNA Specialty revenues	987			996			2,959			2,906
CNA Commercial
Commercial Insurance	720			776			2,237			2,429
International	95			93			281			276
Small Business	170			193			535			562
CNA Commercial revenues	985			1,062			3,053			3,267
Hardy revenues	89			88			280			232
Life & Group Non-Core revenues	343			300			990			918
Corporate & Other Non-Core revenues	9			13			37			43
Eliminations	(2		)	(1		)	(5		)	(3		)
Total revenues	$	2,411		$	2,458		$	7,314		$	7,363