0000021175-20-000064.txt : 20200504 0000021175-20-000064.hdr.sgml : 20200504 20200504083805 ACCESSION NUMBER: 0000021175-20-000064 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 17 CONFORMED PERIOD OF REPORT: 20200504 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20200504 DATE AS OF CHANGE: 20200504 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CNA FINANCIAL CORP CENTRAL INDEX KEY: 0000021175 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 366169860 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05823 FILM NUMBER: 20842895 BUSINESS ADDRESS: STREET 1: CNA STREET 2: 151 N. FRANKLIN CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3128225000 MAIL ADDRESS: STREET 1: CNA STREET 2: 151 N. FRANKLIN CITY: CHICAGO STATE: IL ZIP: 60606 8-K 1 a2020q18k.htm 8-K Document
false0000021175Common Stock, Par value $2.50"CNA" 0000021175 exch:XNYS 2020-05-04 2020-05-04 0000021175 exch:XCHI 2020-05-04 2020-05-04 0000021175 2020-05-04 2020-05-04


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) May 4, 2020

CNA FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)

Delaware
 
1-5823
 
36-6169860
(State or other jurisdiction
 
(Commission
 
(IRS Employer
of incorporation)
 
File Number)
 
Identification No.)

151 N. Franklin
Chicago, IL 60606
(Address of principal executive offices) (Zip Code)
(312) 822-5000
(Registrant's telephone number, including area code)

NOT APPLICABLE
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each class
 
Trading Symbol(s)
 
Name of each exchange on which registered
Common Stock, Par value $2.50
 
"CNA"
 
New York Stock Exchange
 
 
 
 
Chicago Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
   





ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
On May 4, 2020, the registrant issued a press release and posted on its website (www.cna.com) a financial supplement providing information on its results of operations for the first quarter 2020. The press release is furnished as Exhibit 99.1 and the financial supplement is furnished as Exhibit 99.2 to this Form 8-K.
The information under Item 2.02 and in Exhibits 99.1 and 99.2 in this Current Report is being furnished and shall not be deemed “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information under Item 2.02 and in Exhibits 99.1 and 99.2 in this Current Report shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits:
See Exhibit Index.






EXHIBIT INDEX

Exhibit No.
 
Description
 
CNA Financial Corporation press release, issued May 4, 2020, providing information on the first quarter 2020 results of operations.
 
 
 
 
CNA Financial Corporation financial supplement, posted on its website May 4, 2020, providing supplemental financial information on the first quarter 2020.
 
 
 
104
 
Cover Page Interactive Data File (embedded within the Inline XBRL document)





SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
 
CNA Financial Corporation
 
 
(Registrant)
 
 
 
Date:  May 4, 2020
By
/s/ Albert J. Miralles
 
 
(Signature)
 
 
Albert J. Miralles
Executive Vice President and
Chief Financial Officer





 EX-99.1 2 q1-20exhibit991.htm EXHIBIT 99.1 Exhibit
cnalogoq12020.gif

FOR IMMEDIATE RELEASE
CONTACT:
MEDIA:
 
ANALYSTS:
Brandon Davis, 312-822-5885
 
Al Miralles, 312-822-5605
CNA FINANCIAL ANNOUNCES FIRST QUARTER 2020 RESULTS
•
NET LOSS OF $61M, $(0.23) PER SHARE, INCLUDES NET INVESTMENT LOSSES OF $169M
•
CORE INCOME OF $108M, $0.40 PER SHARE
•
NET INVESTMENT INCOME OF $279M VS $465M IN Q1 2019
•
P&C COMBINED RATIO OF 97.5% VS 97.8% IN Q1 2019
•
COVID-19 RELATED CHARGES OF $15M PRETAX INCLUDED IN UNDERWRITING GAIN
•
P&C UNDERLYING COMBINED RATIO OF 93.9% VS 94.9% IN Q1 2019
•
QUARTERLY DIVIDEND OF $0.37 PER SHARE
CHICAGO, May 4, 2020 --- CNA Financial Corporation (NYSE: CNA) today announced a first quarter 2020 net loss of $61 million, or $(0.23) per share, and core income of $108 million, or $0.40 per share. Results for the quarter reflected financial market volatility amid the events of COVID-19. This included Net investment losses of $169 million and a decrease in Net investment income to $279 million, reflecting stable earnings from fixed income and other investments of $378 million offset by a $99 million loss from limited partnership and common stock investments during the period. Property & Casualty Operations combined ratio for the first quarter was 97.5% and the underlying combined ratio was 93.9%. The combined ratio includes charges of $15 million pretax associated with COVID-19.
The U.S. P&C segments, excluding third party captives, generated gross written premium growth of 8% and net written premium growth of 6%. Excluding third party captives, gross written premiums grew 6% and net written premiums grew 3% for P&C overall.
Our Life & Group and Corporate & Other segments produced core income (loss) for the first quarter of 2020 of $4 million and $(18) million, respectively.
CNA Financial declared a quarterly dividend of $0.37 per share, payable June 4, 2020 to stockholders of record on May 18, 2020.
 
Results for the Three Months Ended March 31
($ millions, except per share data)
2020
 
2019
Net (loss) income
$
(61
)
 
$
342

Core income (a)
108

 
318

 
 
 
 
Net (loss) income per diluted share
$
(0.23
)
 
$
1.25

Core income per diluted share
0.40

 
1.17

 
March 31, 2020
 
December 31, 2019
Book value per share
$
38.18

 
$
45.00

Book value per share excluding AOCI
 
42.12

 
 
44.81

(a)
Management utilizes the core income (loss) financial measure to monitor the Company's operations. Please refer herein to the Reconciliation of GAAP Measures to Non-GAAP Measures section of this press release for further discussion of this non-GAAP measure.

1

"Our first quarter financial results reflected strong underwriting performance, and included an underlying combined ratio of 93.9%, a one point improvement from a year ago, along with net written premium growth of 6% in the U.S. and 3% overall. These results were adversely impacted by disruption in the financial markets due to COVID-19, which led to unfavorable returns on our alternative investments and equity holdings while our fixed income investments generated steady earnings in line with the last four quarters," said Dino E. Robusto, Chairman and Chief Executive Officer of CNA Financial Corporation. "As we look ahead at these unprecedented and challenging times our thoughts go out to those most affected by the COVID-19 pandemic, and we are tremendously grateful for all the medical professionals and first responders who put their lives on the line every day.”
Property & Casualty Operations
 
Results for the Three Months Ended March 31
($ millions)
2020
 
2019
Gross written premiums ex. 3rd party captives
$
2,107

 
 
$
1,987

 
GWP ex. 3rd party captives change (% year over year)
6

%
 
 
 
Net written premiums
$
1,863

 
 
$
1,806

 
NWP change (% year over year)
3

%
 
 
 
Net investment income
$
118

 
 
$
360

 
Core income
122

 
 
314

 
 
 
 
 
 
 
Loss ratio excluding catastrophes and development
60.4

%
 
60.7

%
Effect of catastrophe impacts
4.3

 
 
3.4

 
Effect of development-related items
(0.7
)
 
 
(0.5
)
 
Loss ratio
64.0

%
 
63.6

%
 
 
 
 
 
 
Expense ratio
33.1

%
 
33.8

%
 
 
 
 
 
 
Combined ratio
97.5

%
 
97.8

%
Combined ratio excluding catastrophes and development
93.9

%
 
94.9

%
•
The combined ratio excluding catastrophes and development improved 1.0 point as compared with the prior year quarter due to a 0.7 point improvement in the expense ratio driven by higher net earned premiums as well as a 0.3 point improvement in the underlying loss ratio. Expenses include a $2 million increase in our allowance for uncollectible insurance receivables related to COVID-19.
•
The combined ratio improved 0.3 points as compared with the prior year quarter. Net catastrophe losses were $75 million, or 4.3 points of the loss ratio in the first quarter of 2020 compared with $58 million, or 3.4 points of the loss ratio, for the prior year quarter. Catastrophe losses in the first quarter of 2020 include $13 million for COVID-19 claims related activity. Favorable net prior period development improved the loss ratio by 0.7 points in the quarter compared with a 0.5 point improvement in the prior year quarter.
•
The U.S. P&C segments, excluding third party captives, generated gross written premium growth of 8% and net written premium growth of 6%. Excluding third party captives, gross written premiums grew 6% and net written premiums grew 3% for P&C overall.


2

Business Operating Highlights
Specialty
 
Results for the Three Months Ended March 31
($ millions)
2020
 
2019
Gross written premiums ex. 3rd party captives
$
741

 
 
$
730

 
GWP ex. 3rd party captives change (% year over year)
2

%
 
 
 
Net written premiums
$
694

 
 
$
698

 
NWP change (% year over year)
(1
)
%
 
 
 
Core income
$
96

 
 
$
169

 
 
 
 
 
 
 
Loss ratio excluding catastrophes and development
59.5

%
 
60.5

%
Effect of catastrophe impacts
1.1

 
 
1.8

 
Effect of development-related items
(1.5
)
 
 
(3.0
)
 
Loss ratio
59.1

%
 
59.3

%
 
 
 
 
 
 
Expense ratio
32.0

%
 
32.8

%
 
 
 
 
 
 
Combined ratio
91.3

%
 
92.3

%
Combined ratio excluding catastrophes and development
91.7

%
 
93.5

%
•
The combined ratio excluding catastrophes and development improved 1.8 points as compared with the prior year quarter including a 1.0 point improvement in the underlying loss ratio as well as 0.8 points of improvement in the expense ratio driven by higher net earned premiums.
•
The combined ratio improved 1.0 point as compared with the prior year quarter. Net catastrophe losses were $8 million, or 1.1 points of the loss ratio in the first quarter of 2020 compared with $12 million, or 1.8 points of the loss ratio, for the prior year quarter. Favorable net prior period development improved the loss ratio by 1.5 points in the quarter compared with a 3.0 point improvement in the prior year quarter.
•
Gross written premiums, excluding third party captives, grew 2%, while net written premiums decreased 1% for the first quarter of 2020 driven by a higher level of ceded reinsurance.

3

Commercial
 
Results for the Three Months Ended March 31
($ millions)
2020
 
2019
Gross written premiums ex. 3rd party captives
$
1,059

 
 
$
932

 
GWP ex. 3rd party captives change (% year over year)
14

%
 
 
 
Net written premiums
$
950

 
 
$
849

 
NWP change (% year over year)
12

%
 
 
 
Core income
$
24

 
 
$
139

 
 
 
 
 
 
 
Loss ratio excluding catastrophes and development
61.1

%
 
62.1

%
Effect of catastrophe impacts
7.0

 
 
5.2

 
Effect of development-related items
—

 
 
(0.4
)
 
Loss ratio
68.1

%
 
66.9

%
 
 
 
 
 
 
Expense ratio
33.2

%
 
33.8

%
 
 
 
 
 
 
Combined ratio
101.9

%
 
101.3

%
Combined ratio excluding catastrophes and development
94.9

%
 
96.5

%
•
The combined ratio excluding catastrophes and development improved 1.6 points as compared with the prior year quarter. The underlying loss ratio improved 1.0 point driven by lower claim handling expenses. The expense ratio improved 0.6 points driven by higher net earned premiums.
•
The combined ratio increased 0.6 points as compared with the prior year quarter. Net catastrophe losses were $57 million, or 7.0 points of the loss ratio in the first quarter of 2020 compared with $40 million, or 5.2 points of the loss ratio, for the prior year quarter. There was no net prior period development effect in the quarter compared with 0.4 points of improvement in the prior year quarter.
•
Gross written premiums, excluding third party captives, grew 14% and net written premiums grew 12% for the first quarter of 2020 due to higher new business and favorable rate.


4

International
 
Results for the Three Months Ended March 31
($ millions)
2020
 
2019
Gross written premiums
$
307

 
 
$
324

 
GWP change (% year over year)
(5
)
%
 
 
 
Net written premiums
$
219

 
 
$
259

 
NWP change (% year over year)
(15
)
%
 
 
 
Core income
$
2

 
 
$
6

 
 
 
 
 
 
 
Loss ratio excluding catastrophes and development
60.3

%
 
57.0

%
Effect of catastrophe impacts
4.3

 
 
2.3

 
Effect of development-related items
(0.1
)
 
 
5.5

 
Loss ratio
64.5

%
 
64.8

%
 
 
 
 
 
 
Expense ratio
35.4

%
 
37.1

%
 
 
 
 
 
 
Combined ratio
99.9

%
 
101.9

%
Combined ratio excluding catastrophes and development
95.7

%
 
94.1

%
•
The combined ratio excluding catastrophes and development increased 1.6 points as compared with the prior year quarter driven by a 3.3 point increase in the underlying loss ratio. This was partially offset by a 1.7 point improvement in the expense ratio driven by lower acquisition expenses and employee costs.
•
The combined ratio improved 2.0 points for the first quarter of 2020 as compared with the prior year quarter. Net catastrophe losses were $10 million, or 4.3 points of the loss ratio in the first quarter of 2020 compared with $6 million, or 2.3 points of the loss ratio, for the prior year quarter. Favorable net prior year development improved the loss ratio by 0.1 points in the quarter compared with a 5.5 point increase from unfavorable development in the prior year quarter.
•
Gross written premiums decreased 5% and net written premiums decreased 15% for the first quarter of 2020 driven by a change in the timing of ceded reinsurance contract renewals, and the continued impact of the strategic exit from certain Lloyd's business classes, offset by growth in Canada.

5

Life & Group
 
Results for the Three Months Ended March 31
($ millions)
2020
 
2019
Net investment income
$
208

 
 
$
204

 
Total operating revenues
335

 
 
335

 
Core income
4

 
 
10

 
Core income of $4 million for the three months ended March 31, 2020 is in line with expectations.
Corporate & Other
 
Results for the Three Months Ended March 31
($ millions)
2020
 
2019
Net investment income
$
3

 
 
$
7

 
Interest expense
31

 
 
34

 
Core loss
(18
)
 
 
(6
)
 
Core loss increased $12 million for the first quarter of 2020 primarily driven by lower amortization of the deferred gain related to the A&EP Loss Portfolio Transfer.
Net Investment Income
 
Results for the Three Months Ended March 31
 
2020
 
 
2019
 
Pretax net investment income
$
329

 
 
$
571

 
Net investment income, after tax
279

 
 
465

 
Net investment income, after tax, decreased $186 million as compared with the prior year quarter. Stable earnings from fixed income and other investments of $454 million pretax was offset by losses from limited partnership and common stock investments, which returned (7.0)%, or $(125) million for the first quarter of 2020 compared with 4.5%, or $96 million, in the prior year quarter.

6

About the Company
CNA is one of the largest U.S. commercial property and casualty insurance companies. CNA provides a broad range of standard and specialized property and casualty insurance products and services for businesses and professionals in the U.S., Canada and Europe, backed by more than 120 years of experience and approximately $45 billion of assets.  For more information, please visit CNA at www.cna.com.
Conference Call and Webcast/Presentation Information
A conference call for investors and the professional investment community will be held at 9:00 a.m. (CT) today. On the conference call will be Dino E. Robusto, Chairman and Chief Executive Officer of CNA Financial Corporation, Al Miralles, Executive Vice President and Chief Financial Officer of CNA Financial Corporation and other members of senior management. Participants can access the call by dialing (800) 289-0571, or for international callers, +1 (720) 543-0206. The call will also be broadcast live on the internet and may be accessed from the Investor Relations page of the CNA website (www.cna.com). A presentation will be posted and available on the CNA website and will provide additional insight into the results.
The call is available to the media, but questions will be restricted to investors and the professional investment community. An online replay will be available on CNA's website following the call. Financial supplement information related to the results is available on the investor relations pages of the CNA website or by contacting investor.relations@cna.com.
Definition of Reported Segments
•
Specialty provides management and professional liability and other coverages through property and casualty products and services using a network of brokers, independent agencies and managing general underwriters.
•
Commercial works with a network of brokers and independent agents to market a broad range of property and casualty insurance products and services to small, middle-market and large businesses.
•
International underwrites property and casualty coverages on a global basis through two insurance companies based in the U.K. and Luxembourg, a branch operation in Canada as well as through our Lloyd's Syndicate.
•
Life & Group primarily includes the results of the individual and group long term care businesses that are in run off.
•
Corporate & Other primarily includes certain corporate expenses, including interest on corporate debt, and the results of certain property and casualty business in run-off, including CNA Re and asbestos and environmental pollution (A&EP).
Financial Measures
Management utilizes the following metrics in their evaluation of the Property & Casualty Operations. These ratios are calculated using financial results prepared in accordance with accounting principles generally accepted in the United States of America (GAAP).
•
Loss ratio is the percentage of net incurred claim and claim adjustment expenses to net earned premiums.
•
Underlying loss ratio represents the loss ratio excluding catastrophes and development.
•
Expense ratio is the percentage of insurance underwriting and acquisition expenses, including the amortization of deferred acquisition costs, to net earned premiums.
•
Dividend ratio is the ratio of policyholders' dividends incurred to net earned premiums.
•
Combined ratio is the sum of the loss, expense and dividend ratios.
•
Underlying combined ratio is the sum of the underlying loss, expense and dividend ratios.
•
Renewal premium change represents the estimated change in average premium on policies that renew, including rate and exposure changes.
•
Rate represents the average change in price on policies that renew excluding exposure change. For certain products within Small Business, where quantifiable, rate includes the influence of new business as well.
•
Retention represents the percentage of premium dollars renewed in comparison to the expiring premium dollars from policies available to renew.
•
New business represents premiums from policies written with new customers and additional policies written with existing customers.
Gross written premiums ex. 3rd party captives represents gross written premiums excluding business which is mostly ceded to third party captives, including business related to large warranty programs.
The Company's investment portfolio is monitored by management through analysis of various factors including unrealized gains and losses on securities, portfolio duration and exposure to market and credit risk.

7

Reconciliation of GAAP Measures to Non-GAAP Measures
This press release also contains financial measures that are not in accordance with GAAP.  Management utilizes these financial measures to monitor the Company's insurance operations and investment portfolio. The Company believes the presentation of these measures provides investors with a better understanding of the significant factors that comprise the Company's operating performance. Reconciliations of these measures to the most comparable GAAP measures follow below.
Reconciliation of Net (Loss) Income to Core Income
Core income (loss) is calculated by excluding from net income (loss) the after-tax effects of net investment gains or losses and any cumulative effects of changes in accounting guidance. The calculation of core income (loss) excludes net investment gains or losses because net investment gains or losses are generally driven by economic factors that are not necessarily reflective of our primary operations. Management monitors core income (loss) for each business segment to assess segment performance. Presentation of consolidated core income (loss) is deemed to be a non-GAAP financial measure.
 
Results for the Three Months Ended March 31
($ millions)
2020
 
2019
Net (loss) income
$
(61
)
 
$
342

Less: Net investment (losses) gains
(169
)
 
24

Core income
$
108

 
$
318

Reconciliation of Net (Loss) Income per Diluted Share to Core Income per Diluted Share
Core income (loss) per diluted share provides management and investors with a valuable measure of the Company's operating performance for the same reasons applicable to its underlying measure, core income (loss). Core income (loss) per diluted share is core income (loss) on a per diluted share basis.
 
Results for the Three Months Ended March 31
 
2020
 
2019
Net (loss) income per diluted share
$
(0.23
)
 
$
1.25

Less: Net investment (losses) gains
(0.63
)
 
0.08

Core income per diluted share
$
0.40

 
$
1.17

Reconciliation of Book Value per Share to Book Value per Share Excluding AOCI
Book value per share excluding AOCI allows management and investors to analyze the amount of the Company's net worth primarily attributable to the Company's business operations. The Company believes this measurement is useful as it reduces the effect of items that can fluctuate significantly from period to period, primarily based on changes in interest rates.
 
March 31, 2020
 
December 31, 2019
Book value per share
$
38.18

 
$
45.00

Less: Per share impact of AOCI
(3.94
)
 
0.19

Book value per share excluding AOCI
$
42.12

 
$
44.81


8

Calculation of Return on Equity and Core Return on Equity
Core return on equity provides management and investors with a measure of how effectively the Company is investing the portion of the Company's net worth that is primarily attributable to its business operations.
 
Results for the Three Months Ended March 31
 
($ millions)
2020
 
2019
 
Annualized net (loss) income
$
(245
)
 
$
1,366

 
Average stockholders' equity including AOCI (a)
11,288

 
11,336

 
Return on equity
(2.2
)
%
12.1

%
 
 
 
 
 
Annualized core income
$
433

 
$
1,271

 
Average stockholders' equity excluding AOCI (a)
11,797

 
11,937

 
Core return on equity
3.7

%
10.7

%
(a)
Average stockholders' equity is calculated using a simple average of the beginning and ending balances for the period.
For additional information, please refer to CNA's most recent 10-K on file with the Securities and Exchange Commission, as well as the financial supplement, available at www.cna.com.
Forward-Looking Statements
This press release includes statements that relate to anticipated future events (forward-looking statements) rather than actual present conditions or historical events. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and generally include words such as “believes,” “expects,” “intends,” “anticipates,” “estimates” and similar expressions. Forward-looking statements, by their nature, are subject to a variety of inherent risks and uncertainties that could cause actual results to differ materially from the results projected. Many of these risks and uncertainties cannot be controlled by CNA. For a detailed description of these risks and uncertainties please refer to CNA’s filings with the Securities and Exchange Commission, available at www.cna.com.
Any forward-looking statements made in this press release are made by CNA as of the date of this press release. Further, CNA does not have any obligation to update or revise any forward-looking statement contained in this press release, even if CNA’s expectations or any related events, conditions or circumstances change.
Any descriptions of coverage under CNA policies or programs in this press release are provided for convenience only and are not to be relied upon with respect to questions of coverage, exclusions or limitations. With regard to all such matters, the terms and provisions of relevant insurance policies are primary and controlling. In addition, please note that all coverages may not be available in all states.
“CNA" is a registered trademark of CNA Financial Corporation. Certain CNA Financial Corporation subsidiaries use the "CNA" trademark in connection with insurance underwriting and claims activities. Copyright © 2020 CNA. All rights reserved.

# # #

9
 EX-99.2 3 q1-20exhibit992.htm EXHIBIT 99.2 Exhibit



cnalogoq12020.gif

 
 
 
 
 




CNA Financial Corporation
Supplemental Financial Information


March 31, 2020



This report is for informational purposes only and includes consolidated financial statements and financial exhibits that are unaudited. This report should be read in conjunction with documents filed with the U.S. Securities and Exchange Commission, including the most recent Annual Report on Form 10-K.

 
 
 
 
 



Table of Contents




Statements of Operations
Three months ended March 31
 
 
 
 
 
 
(In millions)
2020
 
2019
 
Change
 
Revenues:
 
 
 
 
 
 
Net earned premiums
$
1,869

 
$
1,803

 
4

%
Net investment income
329

 
571

 
(42
)
 
Net investment gains (losses)
(216
)
 
31

 


 
Non-insurance warranty revenue
301

 
281

 
 
 
Other revenues
8

 
9

 

 
Total revenues
2,291

 
2,695

 
(15
)
 
Claims, Benefits and Expenses:
 
 
 
 
 
 
Insurance claims and policyholders' benefits
1,425

 
1,357

 


 
Amortization of deferred acquisition costs
344

 
342

 


 
Non-insurance warranty expense
281

 
260

 
 
 
Other operating expenses
299

 
283

 


 
Interest
31

 
34

 


 
Total claims, benefits and expenses
2,380

 
2,276

 
(5
)
 
Income (loss) before income tax
(89
)
 
419

 


 
Income tax (expense) benefit
28

 
(77
)
 


 
Net income (loss)
$
(61
)
 
$
342

 
N/M

%

1




Components of Income (Loss), Per Share Data and Return on Equity
Three months ended March 31
 
 
 
 
(In millions, except per share data)
2020
 
2019
 
Components of Income (Loss)
 
 
 
 
Core income (loss)
$
108

 
$
318

 
Net investment gains (losses)
(169
)
 
24

 
Net income (loss)
$
(61
)
 
$
342

 
 
 
 
 
 
Diluted Earnings (Loss) Per Common Share
 
 
 
 
Core income (loss)
$
0.40

 
$
1.17

 
Net investment gains (losses)
(0.63
)
 
0.08

 
Diluted earnings (loss) per share
$
(0.23
)

$
1.25

 
 
 
 
 
 
Weighted Average Outstanding Common Stock and Common Stock Equivalents
 
 
 
 
Basic
271.5

 
271.6

 
Diluted
271.5

 
272.6

 
 
 
 
 
 
Return on Equity
 
 
 
 
Net income (loss) (1)
(2.2
)
%
12.1

%
Core income (loss) (2)
3.7

 
10.7

 
(1) Annualized net income (loss) divided by the average stockholders' equity including accumulated other comprehensive income (loss) (AOCI) for the period. Average equity including AOCI is calculated using a simple average of the beginning and ending balances for the period.
(2) Annualized core income (loss) divided by the average stockholders' equity excluding AOCI for the period. Average equity excluding AOCI is calculated using a simple average of the beginning and ending balances for the period.


2




Selected Balance Sheet Data and Statement of Cash Flows Data
(In millions, except per share data)
March 31, 2020
 
December 31, 2019
Total investments
$
44,086

 
$
47,744

Reinsurance receivables, net of allowance for uncollectible receivables
4,328

 
4,179

Total assets
58,405

 
60,612

Insurance reserves
38,351

 
38,614

Debt
2,680

 
2,679

Total liabilities
48,043

 
48,397

Accumulated other comprehensive income (loss) (1)
(1,070
)
 
51

Total stockholders' equity
10,362

 
12,215

 
 
 
 
Book value per common share
$
38.18

 
$
45.00

Book value per common share excluding AOCI
$
42.12

 
$
44.81

 
 
 
 
Outstanding shares of common stock (in millions of shares)
271.4

 
271.4

 
 
 
 
Statutory capital and surplus - Combined Continental Casualty Companies (2)
$
9,565

 
$
10,787

Three months ended March 31
2020
 
2019
Net cash flows provided (used) by operating activities
$
212

 
$
287

Net cash flows provided (used) by investing activities
1,087

 
289

Net cash flows provided (used) by financing activities
(675
)
 
(665
)
Net cash flows provided (used) by operating, investing and financing activities
$
624

 
$
(89
)
(1) As of March 31, 2020 and December 31, 2019, the net unrealized gains on investments included in AOCI were net of after-tax Shadow Adjustments of $1,700 million and $2,198 million. To the extent that unrealized gains on fixed income securities supporting certain products within the Life & Group segment would result in a premium deficiency if realized, an increase in Insurance reserves are recorded, net of tax, as a reduction of net unrealized gains through Other comprehensive income (loss) (Shadow Adjustments).
(2) Statutory capital and surplus as of March 31, 2020 is preliminary.

3




Property & Casualty - Results of Operations
Three months ended March 31
 
 
(In millions)
2020
 
2019
 
Change
 
Gross written premiums
$
3,083

 
$
2,966

 
4

%
Gross written premiums ex. 3rd party captives
2,107

 
1,987

 
6

 
Net written premiums
1,863

 
1,806

 
3

 
 
 
 
 
 
 
 
Net earned premiums
1,742

 
1,674

 
4

 
Net investment income
118

 
360

 


 
Non-insurance warranty revenue
301

 
281

 
 
 
Other revenues
8

 
8

 


 
Total operating revenues
2,169

 
2,323

 
(7
)
 
Insurance claims and policyholders' benefits
1,123

 
1,070

 


 
Amortization of deferred acquisition costs
344

 
342

 


 
Non-insurance warranty expense
281

 
260

 
 
 
Other insurance related expenses
232

 
225

 


 
Other expenses
32

 
27

 


 
Total claims, benefits and expenses
2,012

 
1,924

 
(5
)
 
Core income (loss) before income tax
157

 
399

 


 
Income tax (expense) benefit on core income (loss)
(35
)
 
(85
)
 


 
Core income (loss)
$
122

 
$
314

 
(61
)
%
 
 
 
 
 


 
Other Performance Metrics
 
 
 
 


 
Underwriting gain (loss)
$
43

 
$
37

 
16

%
 
 
 
 
 
 
 
Loss & LAE ratio
64.0

%
63.6

%
(0.4
)
pts
Expense ratio
33.1

 
33.8

 
0.7

 
Dividend ratio
0.4

 
0.4

 
—

 
Combined ratio
97.5

%
97.8

%
0.3

pts
Combined ratio excluding catastrophes and development
93.9

%
94.9

%
1.0

pts
 
 
 
 
 
 
 
Net accident year catastrophe losses incurred
$
75

 
$
58

 

 
Effect on loss & LAE ratio
4.3

%
3.4

%
(0.9
)
pts
 
 
 
 
 
 
 
Net prior year development and other: (favorable) / unfavorable
$
(11
)
 
$
(9
)
 


 
Effect on loss & LAE ratio
(0.7
)
%
(0.5
)
%
0.2

pts
 
 
 
 
 
 
 
Rate
8

%
3

%
5

pts
Renewal premium change
9

%
4

%
5

pts
Retention
82

%
83

%
(1
)
pts
New business
$
340

 
$
329

 
3

%


4




Specialty - Results of Operations
Three months ended March 31
 
 
 
 
 
 
(In millions)
2020
 
2019
 
Change
 
Gross written premiums
$
1,714

 
$
1,701

 
1

%
Gross written premiums ex. 3rd party captives
741

 
730

 
2

 
Net written premiums
694

 
698

 
(1
)
 
 
 
 
 
 
 
 
Net earned premiums
685

 
661

 
4

 
Net investment income
56

 
155

 


 
Non-insurance warranty revenue
301

 
281

 
 
 
Other revenues
1

 
1

 


 
Total operating revenues
1,043

 
1,098

 
(5
)
 
Insurance claims and policyholders' benefits
406

 
393

 


 
Amortization of deferred acquisition costs
151

 
147

 


 
Non-insurance warranty expense
281

 
260

 
 
 
Other insurance related expenses
69

 
70

 


 
Other expenses
13

 
12

 


 
Total claims, benefits and expenses
920

 
882

 
(4
)
 
Core income (loss) before income tax
123

 
216

 


 
Income tax (expense) benefit on core income (loss)
(27
)
 
(47
)
 


 
Core income (loss)
$
96

 
$
169

 
(43
)
%
 
 
 
 
 
 
 
Other Performance Metrics
 
 
 
 
 
 
Underwriting gain (loss)
$
59

 
$
51

 
16

%
 
 
 
 
 
 
 
Loss & LAE ratio
59.1

%
59.3

%
0.2

pts
Expense ratio
32.0

 
32.8

 
0.8

 
Dividend ratio
0.2

 
0.2

 
—

 
Combined ratio
91.3

%
92.3

%
1.0

pts
Combined ratio excluding catastrophes and development
91.7

%
93.5

%
1.8

pts
 
 
 
 
 
 
 
Net accident year catastrophe losses incurred
$
8

 
$
12

 


 
Effect on loss & LAE ratio
1.1

%
1.8

%
0.7

pts
 
 
 
 
 
 
 
Net prior year development and other: (favorable) / unfavorable
$
(11
)
 
$
(20
)
 


 
Effect on loss & LAE ratio
(1.5
)
%
(3.0
)
%
(1.5
)
pts
 
 
 
 
 
 
 
Rate
9

%
3

%
6

pts
Renewal premium change
9

%
6

%
3

pts
Retention
84

%
89

%
(5
)
pts
New business
$
74

 
$
86

 
(14
)
%

5




Commercial - Results of Operations
Three months ended March 31
 
 
 
 
 
 
(In millions)
2020
 
2019
 
Change
 
Gross written premiums
$
1,062

 
$
941

 
13

%
Gross written premiums ex. 3rd party captives
1,059

 
932

 
14

 
Net written premiums
950

 
849

 
12

 
 
 
 
 
 
 
 
Net earned premiums
818

 
763

 
7

 
Net investment income
47

 
190

 


 
Other revenues
7

 
7

 


 
Total operating revenues
872

 
960

 
(9
)
 
Insurance claims and policyholders' benefits
563

 
515

 


 
Amortization of deferred acquisition costs
144

 
127

 


 
Other insurance related expenses
127

 
130

 


 
Other expenses
6

 
11

 


 
Total claims, benefits and expenses
840

 
783

 
(7
)
 
Core income (loss) before income tax
32

 
177

 


 
Income tax (expense) benefit on core income (loss)
(8
)
 
(38
)
 


 
Core income (loss)
$
24

 
$
139

 
(83
)
%
 
 
 
 
 


 
Other Performance Metrics
 
 
 
 


 
Underwriting gain (loss)
$
(16
)
 
$
(9
)
 
(78
)
%
 
 
 
 
 
 
 
Loss & LAE ratio
68.1

%
66.9

%
(1.2
)
pts
Expense ratio
33.2

 
33.8

 
0.6

 
Dividend ratio
0.6

 
0.6

 
—

 
Combined ratio
101.9

%
101.3

%
(0.6
)
pts
Combined ratio excluding catastrophes and development
94.9

%
96.5

%
1.6

pts
 
 
 
 
 
 
 
Net accident year catastrophe losses incurred
$
57

 
$
40

 


 
Effect on loss & LAE ratio
7.0

%
5.2

%
(1.8
)
pts
 
 
 
 
 
 
 
Net prior year development and other: (favorable) / unfavorable
$
—

 
$
(3
)
 


 
Effect on loss & LAE ratio
—

%
(0.4
)
%
(0.4
)
pts
 
 
 
 
 
 
 
Rate
8

%
2

%
6

pts
Renewal premium change
9

%
4

%
5

pts
Retention
85

%
85

%
—

pts
New business
$
198

 
$
163

 
21

%

6




International - Results of Operations
Three months ended March 31
 
 
 
 
 
 
(In millions)
2020
 
2019
 
Change
 
Gross written premiums
$
307

 
$
324

 
(5
)
%
Net written premiums
219

 
259

 
(15
)
 
 
 
 
 
 
 
 
Net earned premiums
239

 
250

 
(4
)
 
Net investment income
15

 
15

 


 
Other revenues
—

 
—

 


 
Total operating revenues
254

 
265

 
(4
)
 
Insurance claims and policyholders' benefits
154

 
162

 


 
Amortization of deferred acquisition costs
49

 
68

 


 
Other insurance related expenses
36

 
25

 


 
Other expenses
13

 
4

 


 
Total claims, benefits and expenses
252

 
259

 
3

 
Core income (loss) before income tax
2

 
6

 


 
Income tax (expense) benefit on core income (loss)
—

 
—

 


 
Core income (loss)
$
2

 
$
6

 
(67
)
%
 
 
 
 
 
 
 
Other Performance Metrics
 
 
 
 
 
 
Underwriting gain (loss)
$
—

 
$
(5
)
 
N/M

%
 
 
 
 
 
 
 
Loss & LAE ratio
64.5

%
64.8

%
0.3

pts
Expense ratio
35.4

 
37.1

 
1.7

 
Dividend ratio
—

 
—

 
—

 
Combined ratio
99.9

%
101.9

%
2.0

pts
Combined ratio excluding catastrophes and development
95.7

%
94.1

%
(1.6
)
pts
 
 
 
 
 
 
 
Net accident year catastrophe losses incurred
$
10

 
$
6

 


 
Effect on loss & LAE ratio
4.3

%
2.3

%
(2.0
)
pts
 
 
 
 
 
 
 
Net prior year development and other: (favorable) / unfavorable
$
—

 
$
14

 


 
Effect on loss & LAE ratio
(0.1
)
%
5.5

%
5.6

pts
 
 
 
 
 
 
 
Rate
8

%
5

%
3

pts
Renewal premium change
8

%
2

%
6

pts
Retention
72

%
69

%
3

pts
New business
$
68

 
$
80

 
(15
)
%

7




Life & Group - Results of Operations
Three months ended March 31
 
 
 
(In millions)
2020
 
2019
Net earned premiums
$
127

 
$
130

Net investment income
208

 
204

Other revenues
—

 
1

Total operating revenues
335

 
335

Insurance claims and policyholders' benefits
316

 
308

Other insurance related expenses
26

 
28

Other expenses
3

 
2

Total claims, benefits and expenses
345

 
338

Core income (loss) before income tax
(10
)
 
(3
)
Income tax (expense) benefit on core income (loss)
14

 
13

Core income (loss)
$
4

 
$
10



8




Corporate & Other - Results of Operations
Three months ended March 31
 
 
 
(In millions)
2020
 
2019
Net earned premiums
$
—

 
$
(1
)
Net investment income
3

 
7

Other revenues
—

 
—

Total operating revenues
3

 
6

Insurance claims and policyholders' benefits
(14
)
 
(21
)
Other insurance related expenses
—

 
(2
)
Other expenses
37

 
37

Total claims, benefits and expenses
23

 
14

Core income (loss) before income tax
(20
)
 
(8
)
Income tax (expense) benefit on core income (loss)
2

 
2

Core income (loss)
$
(18
)
 
$
(6
)


9




Investment Summary - Consolidated
 
March 31, 2020

December 31, 2019
(In millions)
Carrying Value
 
Net Unrealized Gains (Losses)
 
Carrying Value
 
Net Unrealized Gains (Losses)
Fixed maturity securities:
 
 
 
 
 
 
 
Corporate and other bonds
$
20,749

 
$
602

 
$
22,069

 
$
2,260

States, municipalities and political subdivisions:
 
 
 
 
 
 
 
Tax-exempt
7,839

 
1,113

 
7,804

 
1,155

Taxable
2,652

 
421

 
2,848

 
404

Total states, municipalities and political subdivisions
10,491

 
1,534

 
10,652

 
1,559

Asset-backed:
 
 
 
 
 
 
 
RMBS
4,397

 
199

 
4,519

 
132

CMBS
2,090

 
(117
)
 
2,346

 
81

Other ABS
1,744

 
(124
)
 
1,962

 
37

Total asset-backed
8,231

 
(42
)
 
8,827

 
250

U.S. Treasury and obligations of government-sponsored enterprises
155

 
8

 
145

 
(1
)
Foreign government
463

 
11

 
504

 
13

Redeemable preferred stock
9

 
—

 
10

 
—

Total fixed maturity securities
40,098

 
2,113

 
42,207

 
4,081

Equities:
 
 
 
 
 
 
 
Common stock
191

 
—

 
142

 
—

Non-redeemable preferred stock
608

 
—

 
723

 
—

Total equities
799

 
—

 
865


—

Limited partnership investments
1,509

 
—

 
1,752

 
—

Other invested assets
63

 
—

 
65

 
—

Mortgage loans
1,021

 
—

 
994

 
—

Short term investments
596

 
(2
)
 
1,861

 
—

Total investments
$
44,086


$
2,111


$
47,744


$
4,081

 
 
 
 
 
 
 
 
Net receivable/(payable) on investment activity
$
136

 
 
 
$
37

 
 
 
 
 
 
 
 
 
 
Effective duration (in years)
6.0

 
 
 
6.0

 
 
Weighted average rating
A

 
 
 
A

 
 
RMBS - Residential mortgage-backed securities
CMBS - Commercial mortgage-backed securities
Other ABS - Other asset-backed securities

10




Investment Summary - Property & Casualty and Corporate & Other
 
March 31, 2020
 
December 31, 2019
(In millions)
Carrying Value
 
Net Unrealized Gains (Losses)
 
Carrying Value
 
Net Unrealized Gains (Losses)
Fixed maturity securities:
 
 
 
 
 
 
 
Corporate and other bonds
$
13,243

 
$
(203
)
 
$
13,925

 
$
738

States, municipalities and political subdivisions:
 
 
 
 
 
 
 
Tax-exempt
683

 
33

 
646

 
37

Taxable
912

 
74

 
1,077

 
71

Total states, municipalities and political subdivisions
1,595

 
107

 
1,723

 
108

Asset-backed:
 
 
 
 
 
 
 
RMBS
4,312

 
196

 
4,441

 
128

CMBS
2,005

 
(116
)
 
2,264

 
77

Other ABS
1,612

 
(122
)
 
1,842

 
29

Total asset-backed
7,929

 
(42
)
 
8,547

 
234

U.S. Treasury and obligations of government-sponsored enterprises
145

 
8

 
143

 
(1
)
Foreign government
458

 
11

 
498

 
12

Redeemable preferred stock
4

 
—

 
5

 
—

Total fixed maturity securities
23,374

 
(119
)
 
24,841

 
1,091

Equities:
 
 
 
 
 
 
 
Common stock
191

 
—

 
142

 
—

Non-redeemable preferred stock
156

 
—

 
181

 
—

Total equities
347

 
—

 
323

 
—

Limited partnership investments
1,509

 
—

 
1,752

 
—

Other invested assets
63

 
—

 
65

 
—

Mortgage loans
749

 
—

 
715

 
—

Short term investments
583

 
(2
)
 
1,774

 
—

Total investments
$
26,625


$
(121
)

$
29,470


$
1,091

 
 
 
 
 
 
 
 
Net receivable/(payable) on investment activity
$
124

 
 
 
$
17

 
 
 
 
 
 
 
 
 
 
Effective duration (in years)
4.1

 
 
 
4.1

 
 
Weighted average rating
A-

 
 
 
A-

 
 

11




Investment Summary - Life & Group
 
March 31, 2020
 
December 31, 2019
(In millions)
Carrying Value
 
Net Unrealized Gains (Losses)
 
Carrying Value
 
Net Unrealized Gains (Losses)
Fixed maturity securities:
 
 
 
 
 
 
 
Corporate and other bonds
$
7,506

 
$
805

 
$
8,144

 
$
1,522

States, municipalities and political subdivisions:
 
 
 
 
 
 
 
Tax-exempt
7,156

 
1,080

 
7,158

 
1,118

Taxable
1,740

 
347

 
1,771

 
333

Total states, municipalities and political subdivisions
8,896

 
1,427

 
8,929

 
1,451

Asset-backed:
 
 
 
 
 
 
 
RMBS
85

 
3

 
78

 
4

CMBS
85

 
(1
)
 
82

 
4

Other ABS
132

 
(2
)
 
120

 
8

Total asset-backed
302

 
—

 
280

 
16

U.S. Treasury and obligations of government-sponsored enterprises
10

 
—

 
2

 
—

Foreign government
5

 
—

 
6

 
1

Redeemable preferred stock
5

 
—

 
5

 
—

Total fixed maturity securities
16,724

 
2,232

 
17,366

 
2,990

Equities:
 
 
 
 
 
 
 
Common stock
—

 
—

 
—

 
—

Non-redeemable preferred stock
452

 
—

 
542

 
—

Total equities
452


—


542


—

Limited partnership investments
—

 
—

 
—

 
—

Other invested assets
—

 
—

 
—

 
—

Mortgage loans
272

 
—

 
279

 
—

Short term investments
13

 
—

 
87

 
—

Total investments
$
17,461


$
2,232


$
18,274


$
2,990

 
 
 
 
 
 
 
 
Net receivable/(payable) on investment activity
$
12

 
 
 
$
20

 
 
 
 
 
 
 
 
 
 
Effective duration (in years)
8.7

 
 
 
8.9

 
 
Weighted average rating
A

 
 
 
A

 
 

12




Investments - Fixed Maturity Securities by Credit Rating  
March 31, 2020
U.S. Government, Government agencies and Government-sponsored enterprises
 
AAA
 
AA
 
A
 
BBB
 
Non-investment grade
 
Total
(In millions)
Fair Value
 
Net Unrealized Gains (Losses)
 
Fair Value
 
Net Unrealized Gains (Losses)
 
Fair Value
 
Net Unrealized Gains (Losses)
 
Fair Value
 
Net Unrealized Gains (Losses)
 
Fair Value
 
Net Unrealized Gains (Losses)
 
Fair Value
 
Net Unrealized Gains (Losses)
 
Fair Value
 
Net Unrealized Gains (Losses)
Corporate and other bonds
$
—

 
$
—

 
$
45

 
$
—

 
$
551

 
$
37

 
$
4,767

 
$
516

 
$
13,722

 
$
314

 
$
1,664

 
$
(265
)
 
$
20,749

 
$
602

States, municipalities and political subdivisions:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Tax-exempt
—

 
—

 
2,348

 
330

 
3,140

 
463

 
1,971

 
247

 
364

 
72

 
16

 
1

 
7,839

 
1,113

Taxable
—

 
—

 
425

 
35

 
1,527

 
238

 
671

 
146

 
29

 
2

 
—

 
—

 
2,652

 
421

Total states, municipalities and political subdivisions
—

 
—

 
2,773

 
365

 
4,667

 
701

 
2,642

 
393

 
393

 
74

 
16

 
1

 
10,491

 
1,534

Asset-backed:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
RMBS
3,890

 
190

 
197

 
2

 
21

 
(1
)
 
47

 
(2
)
 
9

 
—

 
233

 
10

 
4,397

 
199

CMBS
28

 
—

 
317

 
12

 
760

 
3

 
260

 
(20
)
 
520

 
(77
)
 
205

 
(35
)
 
2,090

 
(117
)
Other ABS
—

 
—

 
65

 
(2
)
 
100

 
(2
)
 
958

 
(67
)
 
606

 
(55
)
 
15

 
2

 
1,744

 
(124
)
Total asset-backed
3,918

 
190

 
579

 
12

 
881

 
—

 
1,265

 
(89
)
 
1,135

 
(132
)
 
453

 
(23
)
 
8,231

 
(42
)
U.S. Treasury and obligations of government-sponsored enterprises
155

 
8

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
155

 
8

Foreign government
—

 
—

 
132

 
4

 
229

 
9

 
77

 
(1
)
 
25

 
(1
)
 
—

 
—

 
463

 
11

Redeemable preferred stock
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
9

 
—

 
—

 
—

 
9

 
—

Total fixed maturity securities
$
4,073

 
$
198

 
$
3,529

 
$
381

 
$
6,328

 
$
747

 
$
8,751

 
$
819

 
$
15,284

 
$
255

 
$
2,133

 
$
(287
)
 
$
40,098

 
$
2,113

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Percentage of total fixed maturity securities
10
%
 
 
 
9
%
 
 
 
16
%
 
 
 
22
%
 
 
 
38
%
 
 
 
5
%
 
 
 
100
%
 
 

13




Components of Net Investment Income
Three months ended March 31
Consolidated
 
(In millions)
2020
 
2019
 
    Taxable fixed income securities
$
371

 
$
383

 
    Tax-exempt fixed income securities
78

 
82

 
Total fixed income securities
449

 
465

 
Limited partnership and common stock investments
(125
)
 
96

 
Other, net of investment expense
5

 
10

 
Pretax net investment income
$
329

 
$
571

 
Fixed income securities, after tax
$
367

 
$
380

 
Net investment income, after tax
279

 
465

 
 
 
 
 
 
Effective income yield for fixed income securities, pretax
4.6

%
4.8

%
Effective income yield for fixed income securities, after tax
3.8

 
3.9

 
Limited partnership and common stock return
(7.0
)
 
4.5

 
 
Property & Casualty and Corporate & Other
 
Three months ended March 31
 
(In millions)
2020
 
2019
 
    Taxable fixed income securities
$
234

 
$
253

 
    Tax-exempt fixed income securities
5

 
6

 
Total fixed income securities
239

 
259

 
Limited partnership and common stock investments
(125
)
 
96

 
Other, net of investment expense
7

 
12

 
Pretax net investment income
$
121

 
$
367

 
Fixed income securities, after tax
$
189

 
$
205

 
Net investment income, after tax
103

 
291

 
 
 
 
 
 
Effective income yield for fixed income securities, pretax
4.0

%
4.3

%
Effective income yield for fixed income securities, after tax
3.2

 
3.4

 
 
 
 
 
 
Three months ended March 31
Life & Group
 
(In millions)
2020
 
2019
 
    Taxable fixed income securities
$
137

 
$
130

 
    Tax-exempt fixed income securities
73

 
76

 
Total fixed income securities
210

 
206

 
Limited partnership and common stock investments
—

 
—

 
Other, net of investment expense
(2
)
 
(2
)
 
Pretax net investment income
$
208

 
$
204

 
Fixed income securities, after tax
$
178

 
$
175

 
Net investment income, after tax
176

 
174

 
 
 
 
 
 
Effective income yield for fixed income securities, pretax
5.6

%
5.6

%
Effective income yield for fixed income securities, after tax
4.8

 
4.8

 
 
 
 
 
 

14




Claim & Claim Adjustment Expense Reserve Rollforward
Three months ended March 31, 2020
(In millions)

Specialty
 

Commercial
 
International
 
P&C Operations
 
Life & Group
 
Corporate & Other
 
Total Operations
Claim & claim adjustment expense reserves, beginning of period
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross
$
5,238

 
$
8,656

 
$
1,876

 
$
15,770

 
$
3,716

 
$
2,234

 
$
21,720

Ceded
562

 
807

 
248

 
1,617

 
159

 
2,059

 
3,835

Net
4,676

 
7,849


1,628


14,153


3,557


175


17,885

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net incurred claim & claim adjustment expenses
405

 
558

 
154

 
1,117

 
280

 
1

 
1,398

Net claim & claim adjustment expense payments
(387
)
 
(515
)
 
(132
)
 
(1,034
)
 
(251
)
 
(5
)
 
(1,290
)
Foreign currency translation adjustment and other
1

 
(1
)
 
(67
)
 
(67
)
 
(20
)
 
(1
)
 
(88
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Claim & claim adjustment expense reserves, end of period
 
 
 
 
 
 
 
 
 
 
 
 
 
Net
4,695

 
7,891

 
1,583

 
14,169

 
3,566

 
170

 
17,905

Ceded
777

 
813

 
235

 
1,825

 
146

 
1,996

 
3,967

Gross
$
5,472

 
$
8,704

 
$
1,818

 
$
15,994

 
$
3,712

 
$
2,166

 
$
21,872


15




Life & Group Policyholder Reserves
March 31, 2020
 
 
 
 
 
(In millions)
Claim and claim adjustment expenses
 
Future policy benefits
 
Total
Long term care
$
2,897

 
$
9,506

 
$
12,403

Structured settlement annuities
510

 
—

 
510

Other
12

 
—

 
12

Total
3,419

 
9,506

 
12,925

Shadow adjustments
147

 
2,005

 
2,152

Ceded reserves
146

 
223

 
369

Total gross reserves
$
3,712

 
$
11,734

 
$
15,446

December 31, 2019
 
 
 
 
 
(In millions)
Claim and claim adjustment expenses
 
Future policy benefits
 
Total
Long term care
$
2,863

 
$
9,470

 
$
12,333

Structured settlement annuities
515

 
—

 
515

Other
12

 
—

 
12

Total
3,390

 
9,470

 
12,860

Shadow adjustments
167

 
2,615

 
2,782

Ceded reserves
159

 
226

 
385

Total gross reserves
$
3,716

 
$
12,311

 
$
16,027


16




Definitions and Presentation
•
Collectively, CNA Financial Corporation (CNAF) and its subsidiaries are referred to as CNA or the Company.
•
P&C Operations includes Specialty, Commercial and International.
•
Life & Group segment primarily includes the results of long term care businesses that are in run-off.
•
Corporate & Other segment primarily includes certain corporate expenses including interest on corporate debt and the results of certain property and casualty business in run-off, including CNA Re and asbestos and environmental pollution. Intersegment eliminations are also included in this segment.
•
Management uses the core income (loss) financial measure to monitor the Company’s operations. Please refer to Note I to the Consolidated Financial Statements within the December 31, 2019 Form 10-K for further discussion of this non-GAAP financial measure.
•
Management uses underwriting results to monitor insurance operations. Underwriting results are pretax and are calculated as net earned premiums less total insurance expenses, which includes insurance claims and policyholders' benefits, amortization of deferred acquisition costs and other insurance related expenses.
•
In the evaluation of the results of Specialty, Commercial and International, management uses the loss ratio, the expense ratio, the dividend ratio and the combined ratio. These ratios are calculated using financial results prepared in accordance with accounting principles generally accepted in the United States of America. The loss ratio is the percentage of net incurred claim and claim adjustment expenses to net earned premiums. The expense ratio is the percentage of insurance underwriting and acquisition expenses, including the amortization of deferred acquisition costs, to net earned premiums. The dividend ratio is the ratio of policyholders' dividends incurred to net earned premiums. The combined ratio is the sum of the loss, expense and dividend ratios. In addition, management also utilizes renewal premium change, rate, retention and new business in evaluating operating trends. Renewal premium change represents the estimated change in average premium on policies that renew, including rate and exposure changes. Rate represents the average change in price on policies that renew excluding exposure change. For certain products within Small Business, where quantifiable, rate includes the influence of new business as well. Exposure represents the measure of risk used in the pricing of the insurance product. Retention represents the percentage of premium dollars renewed in comparison to the expiring premium dollars from policies available to renew. Rate, renewal premium change and retention presented for the prior year is updated to reflect subsequent activity on policies written in the period. New business represents premiums from policies written with new customers and additional policies written with existing customers.
•
This financial supplement may also reference or contain financial measures that are not in accordance with GAAP. Management utilizes these financial measures to monitor the Company's insurance operations and investment portfolio. Core income, which is derived from certain income statement amounts, is used by management to monitor performance of the Company's insurance operations. The Company's investment portfolio is monitored by management through analysis of various factors including unrealized gains and losses on securities, portfolio duration and exposure to market and credit risk.

17




•
Core income (loss) is calculated by excluding from net income (loss) the after-tax effects of net investment gains or losses and any cumulative effects of changes in accounting guidance. The calculation of core income (loss) excludes net investment gains or losses because net investment gains or losses are generally driven by economic factors that are not necessarily reflective of our primary operations. Management monitors core income (loss) for each business segment to assess segment performance. Presentation of consolidated core income (loss) is deemed to be a non-GAAP financial measure. For reconciliations of non-GAAP measures to the most comparable GAAP measures and other information, please refer herein and/or to CNA's most recent 10-K on file with the Securities and Exchange Commission, as well as the press release, available at www.cna.com.
•
Gross written premiums ex. 3rd party captives represents gross written premiums excluding business which is mostly ceded to third party captives, including business related to large warranty programs.
•
Pretax net prior year development and other includes the effects of interest accretion and change in allowance for uncollectible reinsurance and deductible amounts.
•
Net investment income from fixed income securities, as presented, includes both fixed maturity securities and non-redeemable preferred stock.
•
Certain immaterial differences are due to rounding.
•
N/M = Not Meaningful


18


 EX-101.SCH 4 cna-20200504.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 0001000 - Document - Cover Page Cover Page link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 5 cna-20200504_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT EX-101.DEF 6 cna-20200504_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.LAB 7 cna-20200504_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT Cover page. Entities [Table] Entities [Table] Entity Listings, Exchange [Axis] Entity Listings, Exchange [Axis] Exchange [Domain] Exchange [Domain] New York Stock Exchange NEW YORK STOCK EXCHANGE, INC. [Member] Chicago Stock Exchange CHICAGO STOCK EXCHANGE, INC [Member] Entity Information [Line Items] Entity Information [Line Items] Document Type Document Type Document Period End Date Document Period End Date Entity Registrant Name Entity Registrant Name Entity Incorporation, State or Country Code Entity Incorporation, State or Country Code Entity File Number Entity File Number Entity Tax Identification Number Entity Tax Identification Number Entity Address, Address Line One Entity Address, Address Line One Entity Address, City or Town Entity Address, City or Town Entity Address, State or Province Entity Address, State or Province Entity Address, Postal Zip Code Entity Address, Postal Zip Code City Area Code City Area Code Local Phone Number Local Phone Number Written Communications Written Communications Soliciting Material Soliciting Material Pre-commencement Tender Offer Pre-commencement Tender Offer Pre-commencement Issuer Tender Offer Pre-commencement Issuer Tender Offer Title of 12(b) Security Title of 12(b) Security Trading Symbol Trading Symbol Security Exchange Name Security Exchange Name Entity Emerging Growth Company Entity Emerging Growth Company Entity Central Index Key Entity Central Index Key Amendment Flag Amendment Flag EX-101.PRE 8 cna-20200504_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT GRAPHIC 9 cnalogoq12020.gif GRAPHIC begin 644 cnalogoq12020.gif M1TE&.#EA

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ࠡ!E<$&ROH >3B 8T1B0)FU8($;N<,",TPD#&P#GA1;PK!RFP8,[;&" S/'!"!EHY3JZ MD(@G('%*6- $M@!@!JX( P@:9$][L"L3<3 :^4X@ 7$8+H^2*!D#7B!!T;S M /"PP&*"H .'[ $#;&0 ! QBF, +1.FR,," *UL P0N R@TCF(407L@ $;B* MC*%IH@Q34 CCH.H%$!"N'#/@%@4 \( 9-.$"@ WL!;( 5I4)]K""I EXCEL 10 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end JSON 11 MetaLinks.json IDEA: XBRL DOCUMENT { "instance": { "a2020q18k.htm": { "axisCustom": 0, "axisStandard": 1, "contextCount": 3, "dts": { "calculationLink": { "local": [ "cna-20200504_cal.xml" ] }, "definitionLink": { "local": [ "cna-20200504_def.xml" ], "remote": [ "http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-eedm-def-2019-01-31.xml", "http://xbrl.fasb.org/srt/2019/elts/srt-eedm1-def-2019-01-31.xml" ] }, "inline": { "local": [ "a2020q18k.htm" ] }, "labelLink": { "local": [ "cna-20200504_lab.xml" ], "remote": [ "https://xbrl.sec.gov/dei/2019/dei-doc-2019-01-31.xml" ] }, "presentationLink": { "local": [ "cna-20200504_pre.xml" ] }, "referenceLink": { "remote": [ "https://xbrl.sec.gov/dei/2019/dei-ref-2019-01-31.xml" ] }, "schema": { "local": [ "cna-20200504.xsd" ], "remote": [ "http://xbrl.fasb.org/srt/2019/elts/srt-types-2019-01-31.xsd", "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd", "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd", "http://www.xbrl.org/2003/xl-2003-12-31.xsd", "http://www.xbrl.org/2003/xlink-2003-12-31.xsd", "http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd", "http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd", "http://www.xbrl.org/2006/ref-2006-02-27.xsd", "http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd", "http://www.xbrl.org/2005/xbrldt-2005.xsd", "http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd", "http://xbrl.fasb.org/us-gaap/2019/elts/us-roles-2019-01-31.xsd", "http://xbrl.fasb.org/srt/2019/elts/srt-roles-2019-01-31.xsd", "https://xbrl.sec.gov/country/2017/country-2017-01-31.xsd", "http://xbrl.fasb.org/us-gaap/2019/elts/us-types-2019-01-31.xsd", "http://www.xbrl.org/lrr/arcrole/factExplanatory-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd", "https://xbrl.sec.gov/currency/2019/currency-2019-01-31.xsd", "https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd", "https://xbrl.sec.gov/exch/2019/exch-2019-01-31.xsd", "http://xbrl.sec.gov/naics/2017/naics-2017-01-31.xsd", "http://xbrl.sec.gov/sic/2011/sic-2011-01-31.xsd", "https://xbrl.sec.gov/stpr/2018/stpr-2018-01-31.xsd", "http://www.xbrl.org/lrr/role/deprecated-2009-12-16.xsd" ] } }, "elementCount": 29, "entityCount": 1, "hidden": { "http://xbrl.sec.gov/dei/2019-01-31": 4, "total": 4 }, "keyCustom": 0, "keyStandard": 95, "memberCustom": 0, "memberStandard": 2, "nsprefix": "cna", "nsuri": "http://www.cna.com/20200504", "report": { "R1": { "firstAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "a2020q18k.htm", "contextRef": "D2020Q1May4", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "document", "isDefault": "true", "longName": "0001000 - Document - Cover Page Cover Page", "role": "http://www.cna.com/role/CoverPageCoverPage", "shortName": "Cover Page Cover Page", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "a2020q18k.htm", "contextRef": "D2020Q1May4", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } } }, "segmentCount": 2, "tag": { "dei_AmendmentFlag": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.", "label": "Amendment Flag", "terseLabel": "Amendment Flag" } } }, "localname": "AmendmentFlag", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cna.com/role/CoverPageCoverPage" ], "xbrltype": "booleanItemType" }, "dei_CityAreaCode": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Area code of city", "label": "City Area Code", "terseLabel": "City Area Code" } } }, "localname": "CityAreaCode", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cna.com/role/CoverPageCoverPage" ], "xbrltype": "normalizedStringItemType" }, "dei_CoverAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Cover page.", "label": "Cover page." } } }, "localname": "CoverAbstract", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "xbrltype": "stringItemType" }, "dei_DocumentPeriodEndDate": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.", "label": "Document Period End Date", "terseLabel": "Document Period End Date" } } }, "localname": "DocumentPeriodEndDate", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cna.com/role/CoverPageCoverPage" ], "xbrltype": "dateItemType" }, "dei_DocumentType": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.", "label": "Document Type", "terseLabel": "Document Type" } } }, "localname": "DocumentType", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cna.com/role/CoverPageCoverPage" ], "xbrltype": "submissionTypeItemType" }, "dei_EntitiesTable": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Container to assemble all relevant information about each entity associated with the document instance", "label": "Entities [Table]", "terseLabel": "Entities [Table]" } } }, "localname": "EntitiesTable", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cna.com/role/CoverPageCoverPage" ], "xbrltype": "stringItemType" }, "dei_EntityAddressAddressLine1": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Address Line 1 such as Attn, Building Name, Street Name", "label": "Entity Address, Address Line One", "terseLabel": "Entity Address, Address Line One" } } }, "localname": "EntityAddressAddressLine1", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cna.com/role/CoverPageCoverPage" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressCityOrTown": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Name of the City or Town", "label": "Entity Address, City or Town", "terseLabel": "Entity Address, City or Town" } } }, "localname": "EntityAddressCityOrTown", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cna.com/role/CoverPageCoverPage" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressPostalZipCode": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Code for the postal or zip code", "label": "Entity Address, Postal Zip Code", "terseLabel": "Entity Address, Postal Zip Code" } } }, "localname": "EntityAddressPostalZipCode", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cna.com/role/CoverPageCoverPage" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressStateOrProvince": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Name of the state or province.", "label": "Entity Address, State or Province", "terseLabel": "Entity Address, State or Province" } } }, "localname": "EntityAddressStateOrProvince", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cna.com/role/CoverPageCoverPage" ], "xbrltype": "stateOrProvinceItemType" }, "dei_EntityCentralIndexKey": { "auth_ref": [ "r5" ], "lang": { "en-US": { "role": { "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.", "label": "Entity Central Index Key", "terseLabel": "Entity Central Index Key" } } }, "localname": "EntityCentralIndexKey", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cna.com/role/CoverPageCoverPage" ], "xbrltype": "centralIndexKeyItemType" }, "dei_EntityEmergingGrowthCompany": { "auth_ref": [ "r5" ], "lang": { "en-US": { "role": { "documentation": "Indicate if registrant meets the emerging growth company criteria.", "label": "Entity Emerging Growth Company", "terseLabel": "Entity Emerging Growth Company" } } }, "localname": "EntityEmergingGrowthCompany", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cna.com/role/CoverPageCoverPage" ], "xbrltype": "booleanItemType" }, "dei_EntityFileNumber": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.", "label": "Entity File Number", "terseLabel": "Entity File Number" } } }, "localname": "EntityFileNumber", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cna.com/role/CoverPageCoverPage" ], "xbrltype": "fileNumberItemType" }, "dei_EntityIncorporationStateCountryCode": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Two-character EDGAR code representing the state or country of incorporation.", "label": "Entity Incorporation, State or Country Code", "terseLabel": "Entity Incorporation, State or Country Code" } } }, "localname": "EntityIncorporationStateCountryCode", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cna.com/role/CoverPageCoverPage" ], "xbrltype": "edgarStateCountryItemType" }, "dei_EntityInformationLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Entity Information [Line Items]", "terseLabel": "Entity Information [Line Items]" } } }, "localname": "EntityInformationLineItems", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cna.com/role/CoverPageCoverPage" ], "xbrltype": "stringItemType" }, "dei_EntityListingsExchangeAxis": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The axis of a table defines the relationship between the domain members or categories in the table and the line items or concepts that complete the table.", "label": "Entity Listings, Exchange [Axis]", "terseLabel": "Entity Listings, Exchange [Axis]" } } }, "localname": "EntityListingsExchangeAxis", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cna.com/role/CoverPageCoverPage" ], "xbrltype": "stringItemType" }, "dei_EntityRegistrantName": { "auth_ref": [ "r5" ], "lang": { "en-US": { "role": { "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.", "label": "Entity Registrant Name", "terseLabel": "Entity Registrant Name" } } }, "localname": "EntityRegistrantName", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cna.com/role/CoverPageCoverPage" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityTaxIdentificationNumber": { "auth_ref": [ "r5" ], "lang": { "en-US": { "role": { "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.", "label": "Entity Tax Identification Number", "terseLabel": "Entity Tax Identification Number" } } }, "localname": "EntityTaxIdentificationNumber", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cna.com/role/CoverPageCoverPage" ], "xbrltype": "employerIdItemType" }, "dei_ExchangeDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The set of all exchanges. MIC exchange codes are drawn from ISO 10383.", "label": "Exchange [Domain]", "terseLabel": "Exchange [Domain]" } } }, "localname": "ExchangeDomain", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cna.com/role/CoverPageCoverPage" ], "xbrltype": "domainItemType" }, "dei_LocalPhoneNumber": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Local phone number for entity.", "label": "Local Phone Number", "terseLabel": "Local Phone Number" } } }, "localname": "LocalPhoneNumber", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cna.com/role/CoverPageCoverPage" ], "xbrltype": "normalizedStringItemType" }, "dei_PreCommencementIssuerTenderOffer": { "auth_ref": [ "r2" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.", "label": "Pre-commencement Issuer Tender Offer", "terseLabel": "Pre-commencement Issuer Tender Offer" } } }, "localname": "PreCommencementIssuerTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cna.com/role/CoverPageCoverPage" ], "xbrltype": "booleanItemType" }, "dei_PreCommencementTenderOffer": { "auth_ref": [ "r3" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.", "label": "Pre-commencement Tender Offer", "terseLabel": "Pre-commencement Tender Offer" } } }, "localname": "PreCommencementTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cna.com/role/CoverPageCoverPage" ], "xbrltype": "booleanItemType" }, "dei_Security12bTitle": { "auth_ref": [ "r0" ], "lang": { "en-US": { "role": { "documentation": "Title of a 12(b) registered security.", "label": "Title of 12(b) Security", "terseLabel": "Title of 12(b) Security" } } }, "localname": "Security12bTitle", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cna.com/role/CoverPageCoverPage" ], "xbrltype": "securityTitleItemType" }, "dei_SecurityExchangeName": { "auth_ref": [ "r1" ], "lang": { "en-US": { "role": { "documentation": "Name of the Exchange on which a security is registered.", "label": "Security Exchange Name", "terseLabel": "Security Exchange Name" } } }, "localname": "SecurityExchangeName", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cna.com/role/CoverPageCoverPage" ], "xbrltype": "edgarExchangeCodeItemType" }, "dei_SolicitingMaterial": { "auth_ref": [ "r4" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.", "label": "Soliciting Material", "terseLabel": "Soliciting Material" } } }, "localname": "SolicitingMaterial", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cna.com/role/CoverPageCoverPage" ], "xbrltype": "booleanItemType" }, "dei_TradingSymbol": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Trading symbol of an instrument as listed on an exchange.", "label": "Trading Symbol", "terseLabel": "Trading Symbol" } } }, "localname": "TradingSymbol", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cna.com/role/CoverPageCoverPage" ], "xbrltype": "tradingSymbolItemType" }, "dei_WrittenCommunications": { "auth_ref": [ "r6" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.", "label": "Written Communications", "terseLabel": "Written Communications" } } }, "localname": "WrittenCommunications", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cna.com/role/CoverPageCoverPage" ], "xbrltype": "booleanItemType" }, "exch_XCHI": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "CHICAGO STOCK EXCHANGE, INC [Member]", "terseLabel": "Chicago Stock Exchange" } } }, "localname": "XCHI", "nsuri": "http://xbrl.sec.gov/exch/2019-01-31", "presentation": [ "http://www.cna.com/role/CoverPageCoverPage" ], "xbrltype": "domainItemType" }, "exch_XNYS": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "NEW YORK STOCK EXCHANGE, INC. [Member]", "terseLabel": "New York Stock Exchange" } } }, "localname": "XNYS", "nsuri": "http://xbrl.sec.gov/exch/2019-01-31", "presentation": [ "http://www.cna.com/role/CoverPageCoverPage" ], "xbrltype": "domainItemType" } }, "unitCount": 0 } }, "std_ref": { "r0": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b" }, "r1": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "d1-1" }, "r2": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "13e", "Subsection": "4c" }, "r3": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14d", "Subsection": "2b" }, "r4": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14a", "Subsection": "12" }, "r5": { "Name": "Regulation 12B", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b-2" }, "r6": { "Name": "Securities Act", "Number": "230", "Publisher": "SEC", "Section": "425" } }, "version": "2.1" } XML 12 FilingSummary.xml IDEA: XBRL DOCUMENT 3.20.1 html 3 95 1 false 2 0 false 0 false false R1.htm 0001000 - Document - Cover Page Cover Page Sheet http://www.cna.com/role/CoverPageCoverPage Cover Page Cover Page Cover 1 false false All Reports Book All Reports a2020q18k.htm cna-20200504.xsd cna-20200504_cal.xml cna-20200504_def.xml cna-20200504_lab.xml cna-20200504_pre.xml q1-20exhibit991.htm q1-20exhibit992.htm http://xbrl.sec.gov/exch/2019-01-31 http://xbrl.sec.gov/dei/2019-01-31 true true ZIP 13 0000021175-20-000064-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0000021175-20-000064-xbrl.zip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end XML 14 R1.htm IDEA: XBRL DOCUMENT v3.20.1
Cover Page Cover Page
May 04, 2020
Entity Information [Line Items]  
Document Type 8-K
Document Period End Date May 04, 2020
Entity Registrant Name CNA FINANCIAL CORPORATION
Entity Incorporation, State or Country Code DE
Entity File Number 1-5823
Entity Tax Identification Number 36-6169860
Entity Address, Address Line One 151 N. Franklin
Entity Address, City or Town Chicago
Entity Address, State or Province IL
Entity Address, Postal Zip Code 60606
City Area Code 312
Local Phone Number 822-5000
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Entity Central Index Key 0000021175
Amendment Flag false
New York Stock Exchange  
Entity Information [Line Items]  
Title of 12(b) Security Common Stock, Par value $2.50
Trading Symbol "CNA"
Security Exchange Name NYSE
Chicago Stock Exchange  
Entity Information [Line Items]  
Title of 12(b) Security Common Stock, Par value $2.50
Trading Symbol "CNA"
Security Exchange Name CHX
XML 15 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 17 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 19 a2020q18k_htm.xml IDEA: XBRL DOCUMENT 0000021175 exch:XNYS 2020-05-04 2020-05-04 0000021175 exch:XCHI 2020-05-04 2020-05-04 0000021175 2020-05-04 2020-05-04 false 0000021175 Common Stock, Par value $2.50 "CNA" 8-K 2020-05-04 CNA FINANCIAL CORPORATION DE 1-5823 36-6169860 151 N. Franklin Chicago IL 60606 312 822-5000 false false false false Common Stock, Par value $2.50 "CNA" NYSE CHX false 2020-05-04