Business Segments (Tables)

3 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

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

Three months ended March 31, 2015	Specialty			Commercial			International			Life & Group Non-Core			Corporate & Other Non-Core
(In millions)																Eliminations			Total
Operating revenues
Net earned premiums	$	680		$	678		$	191		$	138		$	—		$	—		$	1,687
Net investment income	155			204			14			179			6			—			558
Other revenues	78			9			—			9			2			(1		)	97
Total operating revenues	913			891			205			326			8			(1		)	2,342
Claims, Benefits and Expenses
Net incurred claims and benefits	429			454			116			340			(4		)	—			1,335
Policyholders’ dividends	1			3			—			—			—			—			4
Amortization of deferred acquisition costs	144			117			35			7			—			—			303
Other insurance related expenses	69			127			37			35			—			—			268
Other expenses	67			8			5			4			46			(1		)	129
Total claims, benefits and expenses	710			709			193			386			42			(1		)	2,039
Operating income (loss) before income tax	203			182			12			(60		)	(34		)	—			303
Income tax (expense) benefit on operating income (loss)	(68		)	(62		)	(3		)	43			12			—			(78		)
Net operating income (loss)	135			120			9			(17		)	(22		)	—			225
Net realized investment gains (losses)	4			4			1			1			—			—			10
Income tax (expense) benefit on net realized investment gains (losses)	(1		)	(3		)	—			2			—			—			(2		)
Net realized investment gains (losses), after tax	3			1			1			3			—			—			8
Net income (loss) from continuing operations	$	138		$	121		$	10		$	(14	)	$	(22	)	$	—		$	233

March 31, 2015
(In millions)
Reinsurance receivables	$	671	$	675	$	207	$	543	$	2,672	$	—		$	4,768
Insurance receivables	808		1,004		282		13		2		—			2,109
Deferred acquisition costs	307		225		84		—		—		—			616
Goodwill	117		—		34		—		—		—			151
Insurance reserves
Claim and claim adjustment expenses	6,352		9,441		1,377		3,237		2,841		—			23,248
Unearned premiums	1,794		1,329		449		139		—		(1		)	3,710
Future policy benefits	—		—		—		9,747		—		—			9,747

Three months ended March 31, 2014	Specialty			Commercial			International			Life & Group Non-Core			Corporate & Other Non-Core
(In millions)																Eliminations			Total
Operating revenues
Net earned premiums	$	692		$	735		$	241		$	139		$	—		$	(1	)	$	1,806
Net investment income	144			191			15			171			5			—			526
Other revenues	68			10			—			5			2			—			85
Total operating revenues	904			936			256			315			7			(1		)	2,417
Claims, Benefits and Expenses
Net incurred claims and benefits	442			568			130			306			(3		)	—			1,443
Policyholders’ dividends	1			2			—			—			—			—			3
Amortization of deferred acquisition costs	143			123			55			8			—			—			329
Other insurance related expenses	65			126			40			32			—			(1		)	262
Other expenses	61			8			7			1			51			—			128
Total claims, benefits and expenses	712			827			232			347			48			(1		)	2,165
Operating income (loss) before income tax	192			109			24			(32		)	(41		)	—			252
Income tax (expense) benefit on operating income (loss)	(63		)	(35		)	(8		)	30			14			—			(62		)
Net operating income (loss)	129			74			16			(2		)	(27		)	—			190
Net realized investment gains (losses)	11			10			3			16			6			—			46
Income tax (expense) benefit on net realized investment gains (losses)	(3		)	(2		)	(3		)	(6		)	(2		)	—			(16		)
Net realized investment gains (losses), after tax	8			8			—			10			4			—			30
Net income (loss) from continuing operations	$	137		$	82		$	16		$	8		$	(23	)	$	—		$	220

December 31, 2014
(In millions)
Reinsurance receivables	$	567	$	690	$	207	$	525	$	2,753	$	—	$	4,742
Insurance receivables	778		954		250		13		2		—		1,997
Deferred acquisition costs	304		213		83		—		—		—		600
Goodwill	117		—		35		—		—		—		152
Insurance reserves
Claim and claim adjustment expenses	6,229		9,514		1,441		3,183		2,904		—		23,271
Unearned premiums	1,763		1,273		431		125		—		—		3,592
Future policy benefits	—		—		—		9,490		—		—		9,490
Policyholders’ funds	9		18		—		—		—		—		27

Revenues by line of business

The following table presents revenue by line of business for each reportable segment. Revenues are comprised of Operating revenues and Net realized investment gains and losses.

Three months ended March 31
(In millions)	2015			2014
Specialty
Management & Professional Liability	$	697		$	704
Surety	120			122
Warranty & Alternative Risks	100			89
Specialty revenues	917			915
Commercial
Middle Market	409			403
Small Business	165			184
Other Commercial Insurance	321			359
Commercial revenues	895			946
International
Canada	55			71
CNA Europe	77			88
Hardy	74			100
International revenues	206			259
Life & Group Non-Core revenues	327			331
Corporate & Other Non-Core revenues	8			13
Eliminations	(1		)	(1		)
Total revenues	$	2,352		$	2,463