EXHIBIT 99.2

CNA Financial Corporation
Supplemental Financial Information
September 30, 2007

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 and Quarterly Reports on Form 10-Q.

CNA Financial Corporation
Table of Contents
September 30, 2007

	Page
Supplemental Financial Information		i
Statements of Operations		1
Components of Net Income, Per Share Data and Return on Equity		2
Selected Balance Sheets Data and Statements of Cash Flows Data		3
Claim & Claim Adjustment Expense Reserve Rollforward		4
Investments by Segment Aggregation		5
Mortgage and Asset-Backed Holdings		6
Property & Casualty Results of Operations (Three Months Ended)		7
Life & Group Non-Core and Corporate & Other Non-Core Segments Results of Operations (Three Months Ended)		8
Property & Casualty Results of Operations (Nine Months Ended)		9
Life & Group Non-Core and Corporate & Other Non-Core Segments Results of Operations (Nine Months Ended)		10
Analysis of Pretax Net Investment Income		11
Statutory Data — Preliminary		12
Property & Casualty Operations Loss and LAE Ratio Analysis		13

CNA Financial Corporation
Supplemental Financial Information

DEFINITIONS AND PRESENTATION

• P&C Operations includes Standard Lines and Specialty Lines.

• Life & Group Non-Core segment primarily includes the results of the life and group lines of business that are in run-off.

• Corporate & Other Non-Core segment includes the results of certain property and casualty lines of business placed in run-off, including CNA Re. This segment also includes the results related to the centralized adjusting and settlement of asbestos, environmental pollution and mass tort (APMT) claims and interest expense on corporate debt.

• Property and Casualty Companies includes Standard Lines, Specialty Lines and P&C business written in the Life & Group Non-Core and Corporate & Other Non-Core segments.

• Management utilizes the net operating income financial measure to monitor the Company’s operations. Please refer to Note N of the Consolidated Financial Statements within the 2006 Form 10-K for further discussion of this measure.

• In evaluating the results of Standard Lines and Specialty Lines, management utilizes the combined ratio, the loss ratio, the expense ratio, and the dividend ratio. These ratios are calculated using financial results prepared in accordance with accounting principles generally accepted in the United States of America (GAAP). 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.

• Limited partnerships (LPs) are a relatively small portion of CNA’s overall investment portfolio. The majority of the LPs invest in a substantial number of securities that are readily marketable. CNA is primarily a passive investor in such partnerships and does not have influence over the partnerships’ management, who are committed to operate them according to established guidelines and strategies. These strategies may include the use of leverage and hedging techniques that potentially introduce more volatility and risk to the partnerships.

• Certain immaterial differences are due to rounding.

• N/M = Not Meaningful

i

CNA FINANCIAL CORPORATION
Financial Supplement
Statements of Operations

PERIOD ENDED SEPTEMBER 30	Three Months									Nine Months
							Fav /									Fav /
							(Unfav)									(Unfav)
(In millions)	2007			2006			% Change			2007			2006			% Change
STATEMENTS OF OPERATIONS
Revenues:
Net earned premiums	$	1,882		$	1,943			(3	)%	$	5,617		$	5,704			(2	)%
Net investment income		580			600			(3	)		1,859			1,722			8
Realized investment gains (losses), net of participating policyholders’ and minority interests		(57	)		21			N/M			(217	)		(68	)		N/M
Other revenues		79			56			41			211			175			21
Total revenues		2,484			2,620			(5	)		7,470			7,533			(1	)
Claims, benefits and expenses:
Insurance claims and policyholders’ benefits		1,575			1,522			(3	)		4,496			4,446			(1	)
Amortization of deferred acquisition costs		384			390			2			1,137			1,132			—
Other operating expenses		244			224			(9	)		722			723			—
Restructuring and other related charges		—			—			N/M			—			(13	)		N/M
Interest		35			35			—			104			93			(12	)
Total claims, benefits and expenses		2,238			2,171			(3	)		6,459			6,381			(1	)
Income before income tax and minority interest		246			449			(45	)		1,011			1,152			(12	)
Income tax expense		(56	)		(131	)		57			(279	)		(339	)		18
Minority interest		(16	)		(13	)		(23	)		(37	)		(32	)		(16	)
Income from continuing operations		174			305			(43	)		695			781			(11	)
Income (loss) from discontinued operations, net of tax		—			6			N/M			(8	)		(2	)		N/M
Net income	$	174		$	311			(44	)%	$	687		$	779			(12	)%

1

CNA FINANCIAL CORPORATION
Financial Supplement
Components of Net Income, Per Share Data and Return on Equity

PERIOD ENDED SEPTEMBER 30	Three Months									Nine Months
							Fav /									Fav /
							(Unfav)									(Unfav)
(In millions, except per share data)	2007			2006			% Change			2007			2006			% Change
COMPONENTS OF NET INCOME
Net operating income	$	212		$	283			(25	)%	$	837		$	822			2	%
Net realized investment gains (losses), net of participating policyholders’ and minority interests		(38	)		22			N/M			(142	)		(41	)		N/M
Income from continuing operations		174			305			(43	)		695			781			(11	)
Income (loss) from discontinued operations, net of tax		—			6			N/M			(8	)		(2	)		N/M
Net income	$	174		$	311			(44	)%	$	687		$	779			(12	)%
BASIC AND DILUTED EARNINGS PER SHARE
Net operating income	$	0.78		$	1.05			(26	)%	$	3.08		$	3.00			3	%
Net realized investment gains (losses), net of participating policyholders’ and minority interests		(0.14	)		0.08			N/M			(0.52	)		(0.16	)		N/M
Income from continuing operations		0.64			1.13			(43	)		2.56			2.84			(10	)
Income (loss) from discontinued operations, net of tax		—			0.02			N/M			(0.03	)		(0.01	)		(200	)
Basic and diluted earnings per share available to common stockholders (1)	$	0.64		$	1.15			(44	)%	$	2.53		$	2.83			(11	)%
WEIGHTED AVERAGE OUTSTANDING COMMON STOCK AND COMMON STOCK EQUIVALENTS
Basic		271.6			265.0						271.5			259.0
Diluted		271.9			265.2						271.8			259.2
RETURN ON EQUITY
Net income (2)		6.9	%		13.6	%					9.2	%		11.4	%
Net operating income (3)		8.6			12.6						11.7			12.5

(1)	The three and nine months ended September 30, 2006 per share results available to common stockholders from net operating income are reduced by $8 million and $46 million, or $0.02 per share and $0.17 per share, of undeclared but accumulated preferred stock dividends. The undeclared but accumulated preferred stock dividends relate to the Company’s Series H Cumulative Preferred Stock which was repurchased from Loews Corporation on August 8, 2006.
(2)	Annualized net income divided by the average stockholders’ equity including accumulated other comprehensive income (AOCI) for the period. Average equity including AOCI is calculated using a simple average of the beginning and ending balances for the period.
(3)	Annualized net operating income 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

CNA FINANCIAL CORPORATION
Financial Supplement
Selected Balance Sheets Data and Statements of Cash Flows Data

(In millions, except per share data)	September 30, 2007		December 31, 2006
Total assets	$	60,115	$	60,283
Insurance reserves		40,751		41,080
Debt		2,157		2,156
Total liabilities		49,631		50,180
Minority interest		369		335
Accumulated other comprehensive income		192		549
Total stockholders’ equity		10,115		9,768
Book value per common share	$	37.23	$	36.03
Book value per common share excluding AOCI	$	36.52	$	34.00
Outstanding shares of common stock (in millions of shares)		271.7		271.1

THREE MONTHS ENDED
SEPTEMBER 30
(In millions)	2007			2006
Net cash flows provided by operating activities (1)	$	172		$	860
Net cash flows used by investing activities		(138	)		(987	)
Net cash flows (used) provided by financing activities		(29	)		131
Net cash flows	$	5		$	4

NINE MONTHS ENDED
SEPTEMBER 30
(In millions)	2007			2006
Net cash flows provided by operating activities (1)	$	713		$	1,783
Net cash flows used by investing activities		(667	)		(1,490	)
Net cash flows used by financing activities		(83	)		(282	)
Net cash flows	$	(37	)	$	11

(1) Operating cash flows for the three and nine months ended September 30, 2007 include $9 million and $(16) million related to discontinued operations. Operating cash flows for the three and nine months ended September 30, 2006 include $4 million and $0 million related to discontinued operations.

3

CNA FINANCIAL CORPORATION
Financial Supplement
Claim & Claim Adjustment Expense Reserve Rollforward

THREE MONTHS ENDED
SEPTEMBER 30, 2007										Life & Group			Corporate &
(In millions)	Standard Lines			Specialty Lines			P&C Operations			Non-Core			Other Non-Core			Total Operations
Claim & claim adjustment expense reserves, beginning of period
Gross	$	14,786		$	5,845		$	20,631		$	3,072		$	5,481		$	29,184
Ceded		2,941			1,357			4,298			1,211			2,240			7,749
Net		11,845			4,488			16,333			1,861			3,241			21,435
Net incurred claim & claim adjustment expenses		649			418			1,067			279			42			1,388
Net claim & claim adjustment expense payments		(711	)		(273	)		(984	)		(262	)		(150	)		(1,396	)
Claim & claim adjustment expense reserves, end of period
Net		11,783			4,633			16,416			1,878			3,133			21,427
Ceded		2,964			1,349			4,313			1,219			2,033			7,565
Gross	$	14,747		$	5,982		$	20,729		$	3,097		$	5,166		$	28,992

NINE MONTHS ENDED
SEPTEMBER 30, 2007										Life & Group			Corporate &
(In millions)	Standard Lines			Specialty Lines			P&C Operations			Non-Core			Other Non-Core			Total Operations
Claim & claim adjustment expense reserves, beginning of period
Gross	$	14,934		$	5,529		$	20,463		$	3,134		$	6,039		$	29,636
Ceded		3,068			1,258			4,326			1,278			2,587			8,191
Net		11,866			4,271			16,137			1,856			3,452			21,445
Net incurred claim & claim adjustment expenses		2,098			1,217			3,315			494			117			3,926
Net claim & claim adjustment expense payments		(2,181	)		(855	)		(3,036	)		(472	)		(436	)		(3,944	)
Claim & claim adjustment expense reserves, end of period
Net		11,783			4,633			16,416			1,878			3,133			21,427
Ceded		2,964			1,349			4,313			1,219			2,033			7,565
Gross	$	14,747		$	5,982		$	20,729		$	3,097		$	5,166		$	28,992

4

CNA FINANCIAL CORPORATION
Financial Supplement
Investments by Segment Aggregation

	September 30, 2007					June 30, 2007					December 31, 2006
(In millions)	Book Value			Fair Value		Book Value			Fair Value		Book Value			Fair Value
Property & Casualty and Corporate & Other Non-Core:
Fixed maturities — taxable	$	20,097		$	19,790	$	19,295		$	19,141	$	23,238		$	23,254
Fixed maturities — tax exempt		4,861			4,864		6,189			6,170		3,307			3,351
Equities		234			492		238			490		236			475
Short-term investments		6,692			6,695		6,673			6,675		5,329			5,330
Limited partnership investments		1,762			1,762		1,739			1,739		1,605			1,605
Other		19			42		20			67		26			26
Total investments	$	33,665		$	33,645	$	34,154		$	34,282	$	33,741		$	34,041
Net receivable/(payable)	$	(2,458	)			$	37				$	(6	)
Securities lending collateral		(82	)				(3,089	)				(2,851	)
Life & Group Non-Core:
Fixed maturities — taxable	$	7,438		$	7,712	$	7,204		$	7,476	$	6,981		$	7,451
Fixed maturities — tax exempt		1,711			1,830		1,675			1,767		1,609			1,795
Equities		112			116		187			195		172			182
Short-term investments		277			277		433			433		380			380
Limited partnership investments		331			331		273			273		247			247
Other		1			1		1			1		—			—
Total investments	$	9,870		$	10,267	$	9,773		$	10,145	$	9,389		$	10,055
Net receivable/(payable)	$	11				$	(30	)			$	(2	)
Securities lending collateral		—					—					—
Total investments	$	43,535		$	43,912	$	43,927		$	44,427	$	43,130		$	44,096
Total net receivable/(payable)	$	(2,447	)			$	7				$	(8	)
Total securities lending collateral		(82	)				(3,089	)				(2,851	)

The information above related to net receivable/(payable) and securities lending collateral is provided to facilitate an analysis of significant changes in book value. When compared to the net receivable/(payable) per the Consolidated Balance Sheet, the amounts above exclude $53 million, $81 million, and $90 million as of September 30, 2007, June 30, 2007, and December 31, 2006, where the net receivable/(payable) balance does not relate to change in book value.

5

CNA FINANCIAL CORPORATION
Financial Supplement
Mortgage and Asset-Backed Holdings
As of September 30, 2007
(In millions)

Invested Assets Fair Value By Segment

				P&C and Corporate			Life & Group
				& Other Non-Core			Non-Core			Total
ABS/MBS/CMO/CDO				$	10,195		$	1,085		$	11,280
Other taxable fixed income					9,595			6,627			16,222
All other					13,855			2,555			16,410
Total investments				$	33,645		$	10,267		$	43,912
ABS/MBS/CMO/CDO Fair Value Distribution
													<BBB & Equity						% of Total
	AAA				AA			A		BBB			Tranches			Total			Investments
Sub-prime	$	420		$	214		$	245		$	7		$	17		$	903			2.1	%
Other CDO		11			119			220			24			23			397			0.9
Other ABS/MBS/CMO		9,199			174			111			481			15			9,980			22.7
Total ABS/MBS/CMO/CDO	$	9,630		$	507		$	576		$	512		$	55		$	11,280			25.7	%
ABS/MBS/CMO/CDO Quality Distribution by Type
													<BBB & Equity
	AAA			AA				A		BBB			Tranches			Total
Sub-prime		46.5	%		23.7	%		27.1	%		0.8	%		1.9	%		100.0	%
Other CDO		2.8			30.0			55.4			6.0			5.8			100.0
Other ABS/MBS/CMO		92.2			1.7			1.1			4.8			0.2			100.0
Total ABS/MBS/CMO/CDO		85.4	%		4.5	%		5.1	%		4.5	%		0.5	%		100.0	%
Sub-Prime Quality Distribution by Vintage Year
													<BBB & Equity						% of Total
	AAA			AA				A		BBB			Tranches			Total			Sub-Prime
2007	$	31		$	4		$	—		$	—		$	1		$	36			4.0	%
2006		123			77			12			5			7			224			24.8
2005		229			72			30			1			3			335			37.1
2004		27			30			118			—			—			175			19.4
2003 & prior		10			31			85			1			6			133			14.7
Total sub-prime	$	420		$	214		$	245		$	7		$	17		$	903			100.0	%
% of total sub-prime		46.5	%		23.7	%		27.1	%		0.8	%		1.9	%		100.0	%

Asset-backed securities (ABS)
Mortgage-backed securities (MBS)
Collateralized mortgage obligation (CMO)
Collateralized debt obligation (CDO)

6

CNA FINANCIAL CORPORATION
Financial Supplement
Property & Casualty Results of Operations

THREE MONTHS ENDED	Standard Lines									Specialty Lines									P&C Operations
SEPTEMBER 30							Fav / (Unfav)									Fav / (Unfav)									Fav / (Unfav)
(In millions)	2007			2006			% Change			2007			2006			% Change			2007			2006			% Change
Gross written premiums	$	1,464		$	1,586			(8	)%	$	729		$	785			(7	)%	$	2,193		$	2,371			(8	)%
Net written premiums		956			1,121			(15	)		683			675			1			1,639			1,796			(9	)
Net earned premiums		1,054			1,128			(7	)		672			654			3			1,726			1,782			(3	)
Net investment income		248			239			4			113			101			12			361			340			6
Other revenues		20			16			25			49			38			29			69			54			28
Total operating revenues		1,322			1,383			(4	)		834			793			5			2,156			2,176			(1	)
Claims, benefits and expenses:
Net incurred claims and benefits		649			776			16			418			397			(5	)		1,067			1,173			9
Policyholders’ dividends		3			4			25			2			1			(100	)		5			5			—
Amortization of deferred acquisition costs		234			249			6			146			137			(7	)		380			386			2
Other insurance related expenses		90			89			(1	)		37			31			(19	)		127			120			(6	)
Other expenses		22			20			—			44			35			(26	)		66			55			(20	)
Total claims, benefits and expenses		998			1,138			12			647			601			(8	)		1,645			1,739			5
Operating income before income tax and minority interest		324			245			32			187			192			(3	)		511			437			17
Income tax expense on operating income		(104	)		(78	)		(33	)		(60	)		(64	)		6			(164	)		(142	)		(15	)
Minority interest		(5	)		(4	)		(25	)		(11	)		(9	)		(22	)		(16	)		(13	)		(23	)
Net operating income from continuing operations		215			163			32			116			119			(3	)		331			282			17
Realized investment gains (losses), net of participating policyholders’ and minority interests		(29	)		18			N/M			(13	)		6			N/M			(42	)		24			N/M
Income tax (expense) benefit on realized investment gains (losses)		9			(7	)		N/M			5			(1	)		N/M			14			(8	)		N/M
Net income from continuing operations	$	195		$	174			12	%	$	108		$	124			(13	)%	$	303		$	298			2	%
FINANCIAL RATIOS
Loss & LAE		61.6	%		68.7	%					62.3	%		60.7	%					61.9	%		65.8	%
Acquisition expense		17.1			17.0						18.9			17.3						17.8			17.1
Underwriting expense		13.7			13.1						8.4			8.5						11.6			11.3
Expense		30.8			30.1						27.3			25.8						29.4			28.4
Dividend		0.3			0.4						0.2			0.1						0.3			0.3
Combined ratio		92.7	%		99.2	%					89.8	%		86.6	%					91.6	%		94.5	%
LOSS RATIO IMPACTS
Impact of catastrophe losses on loss & LAE ratio
Pretax net accident year catastrophe losses incurred	$	10		$	21					$	—		$	1					$	10		$	22
Impact on loss & LAE ratio		0.9	%		1.9	%					—	%		0.1	%					0.6	%		1.3	%
Impact of development & other on loss & LAE ratio
Pretax net development: (favorable) / unfavorable
Prior year loss & LAE reserve development	$	(77	)	$	6					$	13		$	(4	)				$	(64	)	$	2
Prior year premium development		(7	)		(19	)					(1	)		6						(8	)		(13	)
Other (1)		8			13						—			—						8			13
Total development & other	$	(76	)	$	—					$	12		$	2					$	(64	)	$	2
Impact of development & other on loss & LAE ratio		(7.0	)%		0.6	%					1.8	%		—	%					(3.5	)%		0.4	%

(1) Other includes the impacts of change in allowance for uncollectible reinsurance and interest accretion.

7

CNA FINANCIAL CORPORATION
Financial Supplement
Life & Group Non-Core and Corporate & Other Non-Core Segments Results of Operations

THREE MONTHS ENDED							Life & Group Non-Core									Corporate & Other Non-Core									Total Operations
SEPTEMBER 30	P&C Operations												Fav / (Unfav)									Fav / (Unfav)									Fav / (Unfav)
(In millions)	2007			2006			2007			2006			% Change			2007			2006			% Change			2007			2006			% Change
Net earned premiums	$	1,726		$	1,782		$	156		$	160			(3	)%	$	—		$	1			N/M	%	$	1,882		$	1,943			(3	)%
Net investment income		361			340			145			179			(19	)		74			81			(9	)		580			600			(3	)
Other revenues		69			54			16			8			100			(6	)		(6	)		—			79			56			41
Total operating revenues		2,156			2,176			317			347			(9	)		68			76			(11	)		2,541			2,599			(2	)
Claims, benefits and expenses:
Net incurred claims and benefits		1,067			1,173			463			314			(47	)		40			31			(29	)		1,570			1,518			(3	)
Policyholders’ dividends		5			5			—			(1	)		N/M			—			—			N/M			5			4			(25	)
Amortization of deferred acquisition costs		380			386			4			4			—			—			—			N/M			384			390			2
Other insurance related expenses		127			120			48			48			—			—			7			N/M			175			175			—
Other expenses		66			55			17			14			(21	)		21			15			(40	)		104			84			(24	)
Total claims, benefits and expenses		1,645			1,739			532			379			(40	)		61			53			(15	)		2,238			2,171			(3	)
Operating income (loss) before income tax and minority interest		511			437			(215	)		(32	)		N/M			7			23			(70	)		303			428			(29	)
Income tax (expense) benefit on operating income (loss)		(164	)		(142	)		84			17			N/M			5			(7	)		171			(75	)		(132	)		43
Minority interest		(16	)		(13	)		—			—			N/M			—			—			N/M			(16	)		(13	)		(23	)
Net operating income (loss) from continuing operations		331			282			(131	)		(15	)		N/M			12			16			(25	)		212			283			(25	)
Realized investment gains (losses), net of participating policyholders’ and minority interests		(42	)		24			(9	)		(10	)		10			(6	)		7			(186	)		(57	)		21			N/M
Income tax (expense) benefit on realized investment gains (losses)		14			(8	)		3			3			—			2			6			(67	)		19			1			N/M
Net income (loss) from continuing operations	$	303		$	298		$	(137	)	$	(22	)		N/M	%	$	8		$	29			(72	)%	$	174		$	305			(43	)%
							Life & Group Non-Core									Corporate & Other Non-Core									Total Operations
Other Financial Data	P&C Operations												Fav / (Unfav)									Fav / (Unfav)									Fav / (Unfav)
Property & Casualty Company Information	2007			2006			2007			2006			% Change			2007			2006			% Change			2007			2006			% Change
Gross written premiums	$	2,193		$	2,371		$	163		$	156			4	%	$	3		$	9			(67	)%	$	2,359		$	2,536			(7	)%
Net written premiums		1,639			1,796			149			152			(2	)		3			3			—			1,791			1,951			(8	)
Net earned premiums		1,726			1,782			155			158			(2	)		—			2			N/M			1,881			1,942			(3	)
FINANCIAL RATIOS
Loss & LAE		61.9	%		65.8	%		N/M	%		N/M	%					N/M	%		N/M	%					80.7	%		74.1	%
Acquisition expense		17.8			17.1			N/M			N/M						N/M			N/M						17.2			16.6
Underwriting expense		11.6			11.3			N/M			N/M						N/M			N/M						12.3			12.4
Expense		29.4			28.4			N/M			N/M						N/M			N/M						29.5			29.0
Dividend		0.3			0.3			N/M			N/M						N/M			N/M						0.3			0.3
Combined ratio		91.6	%		94.5	%		N/M	%		N/M	%					N/M	%		N/M	%					110.5	%		103.4	%

8

CNA FINANCIAL CORPORATION
Financial Supplement
Property & Casualty Results of Operations

NINE MONTHS ENDED	Standard Lines									Specialty Lines									P&C Operations
SEPTEMBER 30							Fav / (Unfav)									Fav / (Unfav)									Fav / (Unfav)
(In millions)	2007			2006			% Change			2007			2006			% Change			2007			2006			% Change
Gross written premiums	$	4,728		$	4,726			—	%	$	2,196		$	2,319			(5	)%	$	6,924		$	7,045			(2	)%
Net written premiums		3,171			3,394			(7	)		1,972			1,948			1			5,143			5,342			(4	)
Net earned premiums		3,169			3,310			(4	)		1,977			1,915			3			5,146			5,225			(2	)
Net investment income		784			705			11			343			287			20			1,127			992			14
Other revenues		65			49			33			137			112			22			202			161			25
Total operating revenues		4,018			4,064			(1	)		2,457			2,314			6			6,475			6,378			2
Claims, benefits and expenses:
Net incurred claims and benefits		2,098			2,297			9			1,217			1,157			(5	)		3,315			3,454			4
Policyholders’ dividends		4			12			67			4			3			(33	)		8			15			47
Amortization of deferred acquisition costs		707			725			2			417			395			(6	)		1,124			1,120			—
Other insurance related expenses		266			293			9			111			109			(2	)		377			402			6
Restructuring and other related charges		—			—			N/M			—			—			N/M			—			—			N/M
Other expenses		77			58			(33	)		115			103			(12	)		192			161			(19	)
Total claims, benefits and expenses		3,152			3,385			7			1,864			1,767			(5	)		5,016			5,152			3
Operating income before income tax and minority interest		866			679			28			593			547			8			1,459			1,226			19
Income tax expense on operating income		(277	)		(207	)		(34	)		(194	)		(181	)		(7	)		(471	)		(388	)		(21	)
Minority interest		(9	)		(9	)		—			(27	)		(23	)		(17	)		(36	)		(32	)		(13	)
Net operating income from continuing operations		580			463			25			372			343			8			952			806			18
Realized investment losses, net of participating policyholders’ and minority interests		(126	)		(6	)		N/M			(52	)		(4	)		N/M			(178	)		(10	)		N/M
Income tax benefit on realized investment losses		43			2			N/M			18			2			N/M			61			4			N/M
Net income from continuing operations	$	497		$	459			8	%	$	338		$	341			(1	)%	$	835		$	800			4	%
FINANCIAL RATIOS
Loss & LAE		66.2	%		69.4	%					61.6	%		60.4	%					64.4	%		66.1	%
Acquisition expense		17.2			18.2						18.1			18.1						17.6			18.1
Underwriting expense		13.6			12.5						8.6			8.3						11.6			11.0
Expense		30.8			30.7						26.7			26.4						29.2			29.1
Dividend		0.1			0.4						0.2			0.1						0.2			0.3
Combined ratio		97.1	%		100.5	%					88.5	%		86.9	%					93.8	%		95.5	%
LOSS RATIO IMPACTS
Impact of catastrophe losses on loss & LAE ratio
Pretax net accident year catastrophe losses incurred	$	52		$	38					$	2		$	2					$	54		$	40
Impact on loss & LAE ratio		1.6	%		1.2	%					0.1	%		0.1	%					1.1	%		0.8	%
Impact of development & other on loss & LAE ratio
Pretax net development: (favorable) / unfavorable
Prior year loss & LAE reserve development	$	(97	)	$	70					$	19		$	(1	)				$	(78	)	$	69
Prior year premium development		(20	)		(92	)					(8	)		—						(28	)		(92	)
Other (1)		20			42						—			—						20			42
Total development & other	$	(97	)	$	20					$	11		$	(1	)				$	(86	)	$	19
Impact of development & other on loss & LAE ratio		(2.9	)%		1.5	%					0.7	%		—	%					(1.5	)%		1.0	%

(1) Other includes the impacts of change in allowance for uncollectible reinsurance and interest accretion.

9

CNA FINANCIAL CORPORATION
Financial Supplement
Life & Group Non-Core and Corporate & Other Non-Core Segments Results of Operations

NINE MONTHS ENDED							Life & Group Non-Core									Corporate & Other Non-Core									Total Operations
SEPTEMBER 30	P&C Operations												Fav / (Unfav)									Fav / (Unfav)									Fav / (Unfav)
(In millions)	2007			2006			2007			2006			% Change			2007			2006			% Change			2007			2006			% Change
Net earned premiums	$	5,146		$	5,225		$	469		$	482			(3	)%	$	2		$	(3	)		167	%	$	5,617		$	5,704			(2	)%
Net investment income		1,127			992			494			504			(2	)		238			226			5			1,859			1,722			8
Other revenues		202			161			34			44			(23	)		(25	)		(30	)		17			211			175			21
Total operating revenues		6,475			6,378			997			1,030			(3	)		215			193			11			7,687			7,601			1
Claims, benefits and expenses:
Net incurred claims and benefits		3,315			3,454			1,062			886			(20	)		111			91			(22	)		4,488			4,431			(1	)
Policyholders’ dividends		8			15			—			—			N/M			—			—			N/M			8			15			47
Amortization of deferred acquisition costs		1,124			1,120			13			12			(8	)		—			—			N/M			1,137			1,132			—
Other insurance related expenses		377			402			143			141			(1	)		13			20			35			533			563			5
Restructuring and other related charges		—			—			—			—			N/M			—			(13	)		N/M			—			(13	)		N/M
Other expenses		192			161			34			40			15			67			52			(29	)		293			253			(16	)
Total claims, benefits and expenses		5,016			5,152			1,252			1,079			(16	)		191			150			(27	)		6,459			6,381			(1	)
Operating income (loss) before income tax and minority interest		1,459			1,226			(255	)		(49	)		N/M			24			43			(44	)		1,228			1,220			1
Income tax (expense) benefit on operating income (loss)		(471	)		(388	)		113			36			N/M			4			(14	)		129			(354	)		(366	)		3
Minority interest		(36	)		(32	)		—			—			N/M			(1	)		—			N/M			(37	)		(32	)		(16	)
Net operating income (loss) from continuing operations		952			806			(142	)		(13	)		N/M			27			29			(7	)		837			822			2
Realized investment losses, net of participating policyholders’ and minority interests		(178	)		(10	)		(26	)		(56	)		54			(13	)		(2	)		N/M			(217	)		(68	)		N/M
Income tax benefit on realized investment losses		61			4			9			19			(53	)		5			4			25			75			27			178
Net income (loss) from continuing operations	$	835		$	800		$	(159	)	$	(50	)		N/M	%	$	19		$	31			(39	)%	$	695		$	781			(11	)%
							Life & Group Non-Core									Corporate & Other Non-Core									Total Operations
Other Financial Data	P&C Operations												Fav / (Unfav)									Fav / (Unfav)									Fav / (Unfav)
Property & Casualty Company Information	2007			2006			2007			2006			% Change			2007			2006			% Change			2007			2006			% Change
Gross written premiums	$	6,924		$	7,045		$	512		$	558			(8	)%	$	6		$	17			(65	)%	$	7,442		$	7,620			(2	)%
Net written premiums		5,143			5,342			461			471			(2	)		2			(4	)		150			5,606			5,809			(3	)
Net earned premiums		5,146			5,225			467			476			(2	)		2			(3	)		167			5,615			5,698			(1	)
FINANCIAL RATIOS
Loss & LAE		64.4	%		66.1	%		N/M	%		N/M	%					N/M	%		N/M	%					77.0	%		74.4	%
Acquisition expense		17.6			18.1			N/M			N/M						N/M			N/M						17.3			17.7
Underwriting expense		11.6			11.0			N/M			N/M						N/M			N/M						12.2			11.8
Expense		29.2			29.1			N/M			N/M						N/M			N/M						29.5			29.5
Dividend		0.2			0.3			N/M			N/M						N/M			N/M						0.2			0.3
Combined ratio		93.8	%		95.5	%		N/M	%		N/M	%					N/M	%		N/M	%					106.7	%		104.2	%

10

CNA FINANCIAL CORPORATION
Financial Supplement
Analysis of Pretax Net Investment Income

(In millions)	Standard Lines
	1Q06			2Q06			3Q06			4Q06			2006			1Q07			2Q07			3Q07			YTD2007
Limited partnership income	$	38		$	27		$	23		$	62		$	150		$	25		$	40		$	13		$	78
Interest on funds withheld and other deposits		(14	)		(22	)		(8	)		(3	)		(47	)		(2	)		(1	)		(2	)		(5	)
Income (loss) from trading securities		—			—			—			—			—			—			—			—			—
Other investment income		204			233			224			227			888			236			238			237			711
Net investment income	$	228		$	238		$	239		$	286		$	991		$	259		$	277		$	248		$	784
	Specialty Lines
	1Q06			2Q06			3Q06			4Q06			2006			1Q07			2Q07			3Q07			YTD2007
Limited partnership income	$	13		$	10		$	8		$	24		$	55		$	10		$	16		$	6		$	32
Interest on funds withheld and other deposits		(2	)		(1	)		(1	)		(1	)		(5	)		—			—			(1	)		(1	)
Income (loss) from trading securities		—			—			—			—			—			—			—			—			—
Other investment income		76			90			94			93			353			100			104			108			312
Net investment income	$	87		$	99		$	101		$	116		$	403		$	110		$	120		$	113		$	343
	P&C Operations
	1Q06			2Q06			3Q06			4Q06			2006			1Q07			2Q07			3Q07			YTD2007
Limited partnership income	$	51		$	37		$	31		$	86		$	205		$	35		$	56		$	19		$	110
Interest on funds withheld and other deposits		(16	)		(23	)		(9	)		(4	)		(52	)		(2	)		(1	)		(3	)		(6	)
Income (loss) from trading securities		—			—			—			—			—			—			—			—			—
Other investment income		280			323			318			320			1,241			336			342			345			1,023
Net investment income	$	315		$	337		$	340		$	402		$	1,394		$	369		$	397		$	361		$	1,127
	Life & Group Non-Core
	1Q06			2Q06			3Q06			4Q06			2006			1Q07			2Q07			3Q07			YTD2007
Limited partnership income	$	10		$	8		$	6		$	10		$	34		$	9		$	3		$	(4	)	$	8
Interest on funds withheld and other deposits		—			—			—			—			—			—			—			—			—
Income (loss) from trading securities		42			(9	)		30			40			103			3			40			(2	)		41
Other investment income		135			139			143			144			561			149			145			151			445
Net investment income	$	187		$	138		$	179		$	194		$	698		$	161		$	188		$	145		$	494
	Corporate & Other Non-Core
	1Q06			2Q06			3Q06			4Q06			2006			1Q07			2Q07			3Q07			YTD2007
Limited partnership income	$	13		$	8		$	9		$	19		$	49		$	8		$	12		$	4		$	24
Interest on funds withheld and other deposits		(9	)		(7	)		(1	)		1			(16	)		1			1			3			5
Income (loss) from trading securities		—			—			—			—			—			—			—			—			—
Other investment income		64			76			73			74			287			69			73			67			209
Net investment income	$	68		$	77		$	81		$	94		$	320		$	78		$	86		$	74		$	238
	Total Operations
	1Q06			2Q06			3Q06			4Q06			2006			1Q07			2Q07			3Q07			YTD2007
Limited partnership income	$	74		$	53		$	46		$	115		$	288		$	52		$	71		$	19		$	142
Interest on funds withheld and other deposits		(25	)		(30	)		(10	)		(3	)		(68	)		(1	)		—			—			(1	)
Income (loss) from trading securities		42			(9	)		30			40			103			3			40			(2	)		41
Other investment income		479			538			534			538			2,089			554			560			563			1,677
Net investment income	$	570		$	552		$	600		$	690		$	2,412		$	608		$	671		$	580		$	1,859

11

CNA FINANCIAL CORPORATION
Financial Supplement
Statutory Data — Preliminary

PERIOD ENDED SEPTEMBER 30	Three Months									Nine Months
Income Statement	(Preliminary)						Fav / (Unfav)			(Preliminary)						Fav / (Unfav)
(In millions)	2007			2006			% Change			2007			2006			% Change
Property & Casualty Companies
Gross written premiums	$	2,414		$	2,413			—	%	$	7,438		$	7,219			3	%
Net written premiums		1,658			1,835			(10	)		5,179			5,456			(5	)
Net earned premiums		1,565			1,645			(5	)		4,684			4,819			(3	)
Claim and claim adjustment expenses		1,309			1,234			(6	)		3,698			3,652			(1	)
Acquisition expenses		284			314			10			875			944			7
Underwriting expenses		239			225			(6	)		676			682			1
Policyholders’ dividends		3			2			(50	)		15			11			(36	)
Underwriting loss		(270	)		(130	)		(108	)		(580	)		(470	)		(23	)
Net investment income (1)		504			466			8			1,636			1,363			20
Other expenses		(12	)		(10	)		(20	)		(30	)		(88	)		66
Income tax expense		(7	)		(56	)		88			(204	)		(223	)		9
Net realized gains (losses)		(51	)		81			(163	)		(252	)		32			N/M
Net income	$	164		$	351			(53	)%	$	570		$	614			(7	)%
Financial Ratios
Loss and LAE		83.6	%		75.0	%					78.9	%		75.8	%
Acquisition expense		17.1			17.1						16.9			17.3
Underwriting expense		14.4			12.3						14.5			12.5
Expense		31.5			29.4						31.4			29.8
Dividend		0.2			0.1						0.3			0.2
Combined ratio		115.3	%		104.5	%					110.6	%		105.8	%
Life Company
Earned premium	$	1		$	2					$	2		$	7

SUPPLEMENTAL STATUTORY DATA

	(Preliminary)
(In millions)	September 30, 2007		December 31, 2006
Property & Casualty Companies
Statutory surplus (2)	$	8,436	$	8,137
Life Company
Statutory surplus	$	473	$	687

(1)	The nine months ended September 30, 2007 include $143 million of declared dividends from Continental Casualty Company’s (CCC) life subsidiary, Continental Assurance Company (CAC). Additionally, CAC returned capital to CCC of $107 million during the second quarter of 2007.
(2)	Surplus includes the Property & Casualty Companies’ equity ownership of the life insurance subsidiary.

12

CNA FINANCIAL CORPORATION
Financial Supplement
Property & Casualty Operations
Loss and LAE Ratio Analysis

	Standard Lines
	2007 YTD			2006 FY			2006 FY
	Evaluated			Evaluated			Evaluated
	at 09/30/07			at 12/31/06			at 09/30/07
Gross Accident Year		63.4	%		68.0	%		65.5	%
Impact of Reinsurance		5.7			0.1			1.9
Net Accident Year		69.1			68.1			67.4	%
Impact of Significant Commutations		—			1.1
Impact of Development and Other (1)		(2.9	)		0.9
Net Calendar Year		66.2	%		70.1	%

	Specialty Lines
	2007 YTD			2006 FY			2006 FY
	Evaluated			Evaluated			Evaluated
	at 09/30/07			at 12/31/06			at 09/30/07
Gross Accident Year		62.6	%		60.4	%		59.3	%
Impact of Reinsurance		(1.7	)		(0.1	)		(0.3	)
Net Accident Year		60.9			60.3			59.0	%
Impact of Significant Commutations		—			—
Impact of Development and Other (1)		0.7			0.2
Net Calendar Year		61.6	%		60.5	%

	P&C Operations
	2007 YTD			2006 FY			2006 FY
	Evaluated			Evaluated			Evaluated
	at 09/30/07			at 12/31/06			at 09/30/07
Gross Accident Year		63.1	%		65.5	%		63.4	%
Impact of Reinsurance		2.8			(0.3	)		0.9
Net Accident Year		65.9			65.2			64.3	%
Impact of Significant Commutations		—			0.7
Impact of Development and Other (1)		(1.5	)		0.7
Net Calendar Year		64.4	%		66.6	%

(1) Other includes the impacts of change in allowance for uncollectible reinsurance and interest accretion.

13