-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 BseET/waHvJ294Keh9Q3M9qiLsojVOijDmaoqJH30oGtwUM75TgKsY5PpEZcBpNU
 LZjtAyd5a1+tkvIu9Ykp5Q==

<SEC-DOCUMENT>0001209191-04-037966.txt : 20040729
<SEC-HEADER>0001209191-04-037966.hdr.sgml : 20040729
<ACCEPTANCE-DATETIME>20040729121503
ACCESSION NUMBER:		0001209191-04-037966
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040728
FILED AS OF DATE:		20040729

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			DEUTSCH ROBERT V
		CENTRAL INDEX KEY:			0001101998

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-05823
		FILM NUMBER:		04938097

	BUSINESS ADDRESS:	
		STREET 1:		C/O CNA FINANCIAL CORP
		STREET 2:		CNA PLAZA
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60685

	MAIL ADDRESS:	
		STREET 1:		C/O CNA FINANCIAL CORP
		STREET 2:		CNA PLAZA
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60685

ISSUER:		

	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

	BUSINESS ADDRESS:	
		STREET 1:		CNA PLZ
		STREET 2:		235
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60685
		BUSINESS PHONE:		3128225000

	MAIL ADDRESS:	
		STREET 1:		CNA PLAZA
		STREET 2:		235
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60685
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>c87067_02rvd.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2004-07-28</periodOfReport>

    <issuer>
        <issuerCik>0000021175</issuerCik>
        <issuerName>CNA FINANCIAL CORP</issuerName>
        <issuerTradingSymbol>CNA</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001101998</rptOwnerCik>
            <rptOwnerName>DEUTSCH ROBERT V</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>CNA CENTER, 40S</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>CHICAGO</rptOwnerCity>
            <rptOwnerState>IL</rptOwnerState>
            <rptOwnerZipCode>60685</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>EVP and CFO</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable></nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Employee Stock Option</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>26.80</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2004-07-28</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>25000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>26.80</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2005-07-28</value>
            </exerciseDate>
            <expirationDate>
                <value>2014-07-28</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>COMMON</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>25000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>25000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Shares vest annually in quarterly installments beginning July 28, 2005.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Robert V. Deutsch</signatureName>
        <signatureDate>2004-07-29</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----