8-K

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)     October 11, 2005

CNA FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

Delaware 1-5823 36-6169860

(State or other jurisdiction
of incorporation) (Commission
File Number) (IRS Employer
Identification No.)

CNA Center, Chicago, Illinois	60685
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code (312) 822-5000

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):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Item 7.01 Regulation FD Disclosure.

On October 11, 2005, Registrant issued a press release announcing its preliminary estimate of losses related to Hurricane Katrina and other third quarter hurricanes. The press release is furnished as Exhibit 99.1 to this Form 8-K.

The information under Item 7.01 and in Exhibit 99.1 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 7.01 and in Exhibit 99.1 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.

(c) Exhibits:

Exhibit No.	Description
99.1	CNA Financial Corporation press release, issued October 11, 2005 (furnished pursuant to Item 7.01 of Form 8-K).

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     October 11, 2005	/s/ D. Craig Mense
	(Signature)
	By:	D. Craig Mense
	Its:	Executive Vice President and Chief Financial Officer

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EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

CONTACT:
MEDIA:	ANALYSTS:
Charles M. Boesel, 312/822-2592	Dawn M. Jaffray, 312/822-7757
Katrina W. Parker, 312/822-5167	Cathleen R. Marine, 312/822-4159

CNA FINANCIAL ANNOUNCES PRELIMINARY ESTIMATE OF LOSSES RELATING TO THIRD QUARTER HURRICANES

CHICAGO, October 11, 2005 – CNA Financial Corporation (NYSE: CNA) announced today that its preliminary estimate of losses relating to Hurricane Katrina is approximately $280 million, after-tax. This estimate includes pretax gross commercial losses and loss expenses of $750 million, anticipated reinsurance recoveries and reinsurance reinstatement premiums.

The reinsurance recoveries anticipate significant utilization of the Company’s property and marine reinsurance treaties. The Company’s Corporate Property Catastrophe treaty provides 90% coverage for the accumulation of losses between $200 million and $500 million arising out of a single catastrophe occurrence. After payment of a reinstatement premium, the Company has coverage for one additional occurrence under the Corporate Property Catastrophe treaty.

This preliminary estimate was developed after consideration of reported claims, the insured values of properties in the affected areas, modeled losses, industry loss estimates and the Company’s reinsurance coverage. Because of the unprecedented nature of this event, the preliminary estimate involves significant judgment due in part to the limited ability to access portions of the affected area, legal and regulatory uncertainties, the complexity of factors contributing to the losses and the preliminary nature of the information available. Accordingly, there can be no assurance that CNA’s ultimate cost for Hurricane Katrina will not exceed this estimate.

“We are deeply saddened by the loss of life and destruction of property caused by the third quarter hurricanes. CNA is focused on settling claims professionally,” said Stephen W. Lilienthal, Chairman and Chief Executive Officer of the CNA insurance companies. “We take great pride in the many CNA employees who continue to go the extra mile to help our policyholders rebuild their lives and livelihoods.”

The Company’s third quarter earnings were also adversely impacted by losses from Hurricanes Dennis, Ophelia and Rita. These losses, net of reinsurance, are estimated to total $20 million after-tax.

In addition to the reinsurance treaties discussed above, the Company’s exposure to Hurricane Rita is further mitigated by a supplemental Aggregate Property Catastrophe treaty. This treaty was purchased to obtain reinsurance protection against losses from a second or subsequent

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catastrophic event. The Company has approximately $45 million of available recoveries from this treaty in the event its estimate of gross losses from Hurricane Rita increases in the future.

About the Company

CNA is the country’s seventh largest commercial insurance writer and the 14^th largest property and casualty company. CNA’s insurance products include standard commercial lines, specialty lines, surety, marine and other property and casualty coverages. CNA’s services include risk management, information services, underwriting, risk control and claims administration. For more information, please visit CNA at www.cna.com. CNA is a registered service mark, trade name and domain name of CNA Financial Corporation.

FORWARD-LOOKING STATEMENT

This press release includes statements which relate to anticipated future events (forward-looking statements) rather than actual or historical events. You can identify forward-looking statements because generally they 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. 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.

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