FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 2010
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: CNA Financial Corporation
Address: 333 S. Wabash
Chicago,IL 60604
13F File Number: 28-346
The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person
signing the report is authorized to submit it, that all
information contained herein is true, correct, and complete, and
that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of
this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Lawrence J. Boysen
Title: Senior Vice President and Corporate Controller
Phone: (312) 822 5653
Signature, Place, and Date of Signing:
/s/ Lawrence J. Boysen Chicago, IL 11/12/2010
--------------------------------- --------------------------------- ----------
[Signature] [City, State] [Date]
Assets reported herein are described as having shared
investment discretion among Loews Corporation, CNA Financial
Corporation, The Continental Corporation and Continental Casualty
Company. Each of the foregoing entities specifically disclaims
ownership of any securities in this report which are not
beneficially owned by that entity and states that such assets
are solely under the control of its board of directors. The
characterization of shared investment discretion with parent
holding companies is made solely as a consequence of SEC
interpretations regarding control of the subsidiary through
share ownership. Loews Corporation owns approximately 90%
of the outstanding shares of CNA Financial Corporation; CNA
Financial Corporation owns 100% of the outstanding shares of
The Continental Corporation; and The Continental Corporation owns
100% of the outstanding shares of Continental Casualty Company.
Loews Corporation will report separately on securities over which
it has investment discretion which are not part of this report.
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 3
Form 13F Information Table Entry Total: 172
Form 13F Information Table Value Total: $847,407 (in thousands)
List of Other Included Managers:
No. 13F File Number Name
1 28-217 Loews Corporation
2 28-172 The Continental Corporation
3 28-387 Continental Casualty Company
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
ABBOTT LABORATORIES COM 002824100 862 16,500 SH DEFINED 1,2,3 16,500
AETNA INC COM 00817Y108 1,846 58,400 SH DEFINED 1,2,3 58,400
AFTERMARKET TECHNOLOGY CORP COM 00211W104 385 15,563 SH DEFINED 1,2,3 15,563
ALCATEL-LUCENT SPONS 013904305 1,545 457,225 SH DEFINED 1,2,3 457,225
ALCON INC COM SHS H01301102 234 1,400 SH DEFINED 1,2,3 1,400
ALLSTATE CORPORATION COM 020002101 2,461 78,000 SH DEFINED 1,2,3 78,000
AMERICAN EQUITY INVT LIFE COM 025676206 1,332 130,050 SH DEFINED 1,2,3 130,050
AMERICAN REPROGRAPHICS CO COM 029263100 168 21,425 SH DEFINED 1,2,3 21,425
AMGEN INC COM 031162100 3,141 57,000 SH DEFINED 1,2,3 57,000
ANADARKO PETROLEUM CORP COM 032511107 8,016 140,500 SH DEFINED 1,2,3 140,500
ANSYS INC COM 03662Q105 204 4,824 SH DEFINED 1,2,3 4,824
APACHE CORP COM 037411105 6,354 65,000 SH DEFINED 1,2,3 65,000
ARGO GROUP INTERNATIONAL COM G0464B107 1,407 40,500 SH DEFINED 1,2,3 40,500
ARMSTRONG WORLD INDUSTRIES COM 04247X102 442 10,650 SH DEFINED 1,2,3 10,650
ARTHUR J GALLAGHER & CO COM 363576109 1,029 39,025 SH DEFINED 1,2,3 39,025
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
ASSURANT INC COM 04621X108 4,477 110,000 SH DEFINED 1,2,3 110,000
AVNET INC COM 053807103 2,673 98,975 SH DEFINED 1,2,3 98,975
BALTIC TRADING COM Y0553W103 1,031 93,600 SH DEFINED 1,2,3 93,600
BANK OF AMERICA CORP COM 060505104 1,209 92,300 SH DEFINED 1,2,3 92,300
BANK OF NEW YORK COM 064058100 3,318 126,981 SH DEFINED 1,2,3 126,981
BARRICK GOLD CORP COM 067901108 3,607 77,926 SH DEFINED 1,2,3 77,926
BAXTER INTL COM 071813109 4,553 95,434 SH DEFINED 1,2,3 95,434
BLOUNT INTERNATIONAL INC COM 095180105 958 75,275 SH DEFINED 1,2,3 75,275
BP PLC SPONS 055622104 1,738 42,225 SH DEFINED 1,2,3 42,225
BRADY CORPORATION CL A 104674106 1,017 34,850 SH DEFINED 1,2,3 34,850
CALPINE CORP COM 131347304 2,293 184,214 SH DEFINED 1,2,3 184,214
CENOVUS ENERGY INC-W/I COM 15135U109 1,367 47,500 SH DEFINED 1,2,3 47,500
CHEMICAL FINANCIAL CORP COM 163731102 576 27,925 SH DEFINED 1,2,3 27,925
CHESAPEAKE ENERGY CORP COM 165167107 680 30,000 SH DEFINED 1,2,3 30,000
CIBER INC COM 17163B102 525 174,300 SH DEFINED 1,2,3 174,300
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
CIRCOR INTERNATIONAL INC COM 17273K109 857 27,125 SH DEFINED 1,2,3 27,125
CISCO SYSTEMS INC COM 17275R102 876 40,000 SH DEFINED 1,2,3 40,000
CITIGROUP INC COM 172967101 4,034 1,031,613 SH DEFINED 1,2,3 1,031,613
CNA SURETY CORPORATION COM 12612L108 491,459 27,425,147 SH DEFINED 1,2,3 27,425,147
COCA COLA CO COM 191216100 1,656 28,300 SH DEFINED 1,2,3 28,300
COMCAST CORP CL A 20030N200 4,253 250,000 SH DEFINED 1,2,3 250,000
COMPUTER ASSOCIATES INTL COM 12673P105 2,027 95,952 SH DEFINED 1,2,3 95,952
CONMED CORP COM 207410101 751 33,525 SH DEFINED 1,2,3 33,525
CONSECO INC COM 12621E103 614 110,800 SH DEFINED 1,2,3 110,800
CONSTELLATION ENERGY PART CL B 21038E101 519 180,260 SH DEFINED 1,2,3 180,260
CON-WAY INC COM 205944101 1,095 35,325 SH DEFINED 1,2,3 35,325
CORNING INC COM 219350105 640 35,000 SH DEFINED 1,2,3 35,000
COSTCO WHOLESALE CORP COM 22160K105 1,419 22,000 SH DEFINED 1,2,3 22,000
CSX CORP COM 126408103 1,992 36,000 SH DEFINED 1,2,3 36,000
CURTISS-WRIGHT CORP COM 231561101 557 18,375 SH DEFINED 1,2,3 18,375
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
CVS CORP COM 126650100 787 25,000 SH DEFINED 1,2,3 25,000
DEERE & CO COM 244199105 1,047 15,000 SH DEFINED 1,2,3 15,000
DELL COMPUTER CORP COM 24702R101 1,113 85,825 SH DEFINED 1,2,3 85,825
DELPHI FINANCIAL GROUP CL A 247131105 863 34,538 SH DEFINED 1,2,3 34,538
DELTA AIR LINES INC COM 247361702 787 67,577 SH DEFINED 1,2,3 67,577
DENBURY RESOURCES INC COM 247916208 2,781 175,000 SH DEFINED 1,2,3 175,000
DEVON ENERGY CORP COM 25179M103 7,463 115,270 SH DEFINED 1,2,3 115,270
DIAMONDROCK HOSPITALITY CO COM 252784301 1,216 128,171 SH DEFINED 1,2,3 128,171
DIODES INC COM 254543101 1,248 73,025 SH DEFINED 1,2,3 73,025
DU PONT DE NEMOURS E.I. COM 263534109 1,182 26,500 SH DEFINED 1,2,3 26,500
ENSCO INTERNATIONAL INC SPONS 29358Q109 3,824 85,500 SH DEFINED 1,2,3 85,500
EOG RESOURCES INC COM 26875P101 1,859 20,000 SH DEFINED 1,2,3 20,000
EVEREST RE GROUP LTD COM G3223R108 1,902 22,000 SH DEFINED 1,2,3 22,000
EXELON CORP COM 30161N101 43 1,000 SH DEFINED 1,2,3 1,000
EXXON MOBIL CORP COM 30231G102 2,892 46,800 SH DEFINED 1,2,3 46,800
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
FLUOR CORP COM 343412102 991 20,000 SH DEFINED 1,2,3 20,000
FOREST LABORATORIES INC COM 345838106 1,045 33,775 SH DEFINED 1,2,3 33,775
FORTUNE BRANDS INC COM 349631101 1,591 32,325 SH DEFINED 1,2,3 32,325
GENERAL ELECTRIC CO COM 369604103 618 38,000 SH DEFINED 1,2,3 38,000
GILEAD SCIENCES INC COM 375558103 712 20,000 SH DEFINED 1,2,3 20,000
GOLDMAN SACHS GROUP INC COM 38141G104 6,340 43,850 SH DEFINED 1,2,3 43,850
GOOGLE INC CL A 38259P508 3,186 6,060 SH DEFINED 1,2,3 6,060
GRACO COM 384109104 849 26,750 SH DEFINED 1,2,3 26,750
GRAY TELEVISION INC COM 389375106 1,898 944,444 SH DEFINED 1,2,3 944,444
GRIFFON CORPORATION COM 398433102 1,211 99,319 SH DEFINED 1,2,3 99,319
HALOZYME THERAPEUTICS INC COM 40637H109 563 73,030 SH DEFINED 1,2,3 73,030
HARTE-HANKS INC COM 416196103 1,590 136,275 SH DEFINED 1,2,3 136,275
HARTFORD FINANCIAL SVCS GRP COM 416515104 252 10,975 SH DEFINED 1,2,3 10,975
HEARTLAND PAYMENT SYSTEMS COM 42235N108 446 29,275 SH DEFINED 1,2,3 29,275
HESS CORP COM 42809H107 2,024 34,240 SH DEFINED 1,2,3 34,240
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
HEWLETT-PACKARD CO COM 428236103 12,752 303,125 SH DEFINED 1,2,3 303,125
HOME DEPOT COM 437076102 634 20,000 SH DEFINED 1,2,3 20,000
HORIZON LINES INC COM 44044K101 119 28,450 SH DEFINED 1,2,3 28,450
HOSPITALITY PROPERTIES COM SHS 44106M102 1,957 87,650 SH DEFINED 1,2,3 87,650
ILLINOIS TOOL WORKS INC COM 452308109 940 20,000 SH DEFINED 1,2,3 20,000
IMMUCOR INC COM 452526106 1,029 51,900 SH DEFINED 1,2,3 51,900
INGERSOLL RAND CO SHS G47791101 3,795 106,280 SH DEFINED 1,2,3 106,280
INSIGHT ENTERPRISES INC COM 45765U103 489 31,175 SH DEFINED 1,2,3 31,175
IBM COM 459200101 20,717 154,440 SH DEFINED 1,2,3 154,440
J.C. PENNY CO INC (HLDG CO) COM 708160106 2,732 100,525 SH DEFINED 1,2,3 100,525
JARDEN CORP COM 471109108 1,771 56,900 SH DEFINED 1,2,3 56,900
JOHNSON & JOHNSON COM 478160104 6,772 109,295 SH DEFINED 1,2,3 109,295
JONES APPAREL GROUP INC COM 480074103 1,044 53,175 SH DEFINED 1,2,3 53,175
JPMORGAN CHASE & CO *W EXP 46634E114 886 75,905 SH DEFINED 1,2,3 75,905
JPMORGAN CHASE & COMPANY COM 46625H100 2,008 52,750 SH DEFINED 1,2,3 52,750
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
KELLY SERVICES INC CL A 488152208 615 52,471 SH DEFINED 1,2,3 52,471
KOHLS CORP COM 500255104 790 15,000 SH DEFINED 1,2,3 15,000
L-3 COMMUNICATIONS CORP COM 502424104 2,296 31,775 SH DEFINED 1,2,3 31,775
LABORATORY CRP OF AMER COM 50540R409 822 10,475 SH DEFINED 1,2,3 10,475
LINCOLN NATIONAL CORP COM 534187109 4,664 195,000 SH DEFINED 1,2,3 195,000
MARRIOTT INTERNATIONAL CL A 571903202 1,159 32,346 SH DEFINED 1,2,3 32,346
MASCO CORPORATION COM 574599106 1,438 130,575 SH DEFINED 1,2,3 130,575
MASTERCARD INC CL A 57636Q104 1,120 5,000 SH DEFINED 1,2,3 5,000
MEDIACOM COMMUNICATIONS CL A 58446K105 1,658 250,000 SH DEFINED 1,2,3 250,000
MEDTRONIC INC COM 585055106 67 2,000 SH DEFINED 1,2,3 2,000
MI DEVELOPMENTS INC CL A 55304X104 509 46,300 SH DEFINED 1,2,3 46,300
MICROSOFT CORP COM 594918104 2,374 96,925 SH DEFINED 1,2,3 96,925
MOLSON COORS BREWING CO CL B 60871R209 779 16,500 SH DEFINED 1,2,3 16,500
MORGAN ST DEAN WITTER COM 617446448 2,073 84,000 SH DEFINED 1,2,3 84,000
MOTOROLA INC COM 620076109 2,422 283,980 SH DEFINED 1,2,3 283,980
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
MTS SYSTEMS CORP COM 553777103 1,141 36,803 SH DEFINED 1,2,3 36,803
NARA BANCORP INC COM 63080P105 854 121,100 SH DEFINED 1,2,3 121,100
NATIONAL GRID PLC SPONS 636274300 2,380 55,675 SH DEFINED 1,2,3 55,675
NATL PENN BCSHS INC COM 637138108 858 137,250 SH DEFINED 1,2,3 137,250
NORTHROP GRUMMAN CORP COM 666807102 3,001 49,500 SH DEFINED 1,2,3 49,500
OCCIDENTAL PETROLEUM COM 674599105 7,047 90,000 SH DEFINED 1,2,3 90,000
OMNICOM GROUP COM 681919106 2,368 59,975 SH DEFINED 1,2,3 59,975
ORACLE CORP COM 68389X105 6,713 250,000 SH DEFINED 1,2,3 250,000
PEDIATRIX MEDICAL GROUP INC COM 58502B106 414 7,775 SH DEFINED 1,2,3 7,775
PEPSICO INCORPORATED COM 713448108 60 900 SH DEFINED 1,2,3 900
PFIZER INC COM 717081103 9,981 581,300 SH DEFINED 1,2,3 581,300
PHARMACEUTICAL HOLDRS TRUST DEPOSIT 71712A206 810 12,500 SH DEFINED 1,2,3 12,500
PHH CORP COM 693320202 1,201 57,050 SH DEFINED 1,2,3 57,050
PHILIP MORRIS INTERNATIONAL COM 718172109 840 15,000 SH DEFINED 1,2,3 15,000
PIKE ELECTRIC CORP COM 721283109 342 46,925 SH DEFINED 1,2,3 46,925
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
PINNACLE WEST CAPITAL CORP COM 723484101 806 19,540 SH DEFINED 1,2,3 19,540
PIONEER NATURAL RESOURCES COM 723787107 2,601 40,000 SH DEFINED 1,2,3 40,000
PITNEY-BOWES INC COM 724479100 1,923 89,967 SH DEFINED 1,2,3 89,967
PLAINS EXPLORATION & PROD COM 726505100 2,015 75,535 SH DEFINED 1,2,3 75,535
PLANTRONICS INC COM 727493108 968 28,650 SH DEFINED 1,2,3 28,650
PNC FINANCIAL CORP COM 693475105 1,181 22,744 SH DEFINED 1,2,3 22,744
POPULAR INC COM 733174106 169 58,333 SH DEFINED 1,2,3 58,333
PORTLAND GENERAL ELECTRIC COM 736508847 516 25,425 SH DEFINED 1,2,3 25,425
PPG INDUSTRIES COM 693506107 1,139 15,650 SH DEFINED 1,2,3 15,650
PPL CORPORATION COM 69351T106 1,853 68,033 SH DEFINED 1,2,3 68,033
PRAXAIR INC COM 74005P104 903 10,000 SH DEFINED 1,2,3 10,000
PRIMERICA INC COM 74164M108 301 14,775 SH DEFINED 1,2,3 14,775
PROCTER & GAMBLE CO COM 742718109 840 14,000 SH DEFINED 1,2,3 14,000
PROGRESS ENERGY INC COM 743263105 2,384 53,680 SH DEFINED 1,2,3 53,680
PUBLIC SERVICE CO OF N MEX COM 69349H107 700 61,475 SH DEFINED 1,2,3 61,475
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
PULTE CORP COM 745867101 1,314 150,000 SH DEFINED 1,2,3 150,000
REGIS CORP COM 758932107 638 33,325 SH DEFINED 1,2,3 33,325
RENAISSANCERE HOLDINGS LTD COM G7496G103 2,000 33,350 SH DEFINED 1,2,3 33,350
RENT-A-CENTER INC COM 76009N100 657 29,350 SH DEFINED 1,2,3 29,350
RITE AID CORP COM 767754104 408 432,785 SH DEFINED 1,2,3 432,785
SCHLUMBERGER LIMITED COM 806857108 86 1,400 SH DEFINED 1,2,3 1,400
SEALY CORP COM 812139301 400 163,925 SH DEFINED 1,2,3 163,925
SEALY CORP SR SECD 812139400 649 9,075 SH DEFINED 1,2,3 9,075
SEARS HOLDINGS CORP COM 812350106 1,260 17,465 SH DEFINED 1,2,3 17,465
SHERWIN WILLIAMS CO COM 824348106 1,234 16,425 SH DEFINED 1,2,3 16,425
SPDR GOLD TRUST SHS 78463V107 31,978 250,000 SH DEFINED 1,2,3 250,000
SPHERION CORPORATION COM 784153108 213 35,450 SH DEFINED 1,2,3 35,450
STAPLES INC COM 855030102 1,234 58,980 SH DEFINED 1,2,3 58,980
STATE STREET CORP COM 857477103 1,107 29,400 SH DEFINED 1,2,3 29,400
TECH DATA CORP COM 878237106 843 20,912 SH DEFINED 1,2,3 20,912
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
THERMO FISHER SCIENTIFIC COM 883556102 2,256 47,110 SH DEFINED 1,2,3 47,110
THOMPSON CREEK METALS CO COM 884768102 65 6,000 SH DEFINED 1,2,3 6,000
TORCHMARK CORP COM 891027104 1,900 35,750 SH DEFINED 1,2,3 35,750
TRAVELERS COS INC/THE COM 89417E109 7,815 150,000 SH DEFINED 1,2,3 150,000
TYCO ELECTRONICS SHS H8912P106 2,746 93,975 SH DEFINED 1,2,3 93,975
UAL CORP COM 902549807 1,538 65,000 SH DEFINED 1,2,3 65,000
UNITED NATIONAL GROUP LTD SHS G39319101 1,010 62,933 SH DEFINED 1,2,3 62,933
UNITED TECHNOLOGIES CORP COM 913017109 2,069 29,040 SH DEFINED 1,2,3 29,040
UNUM CORP COM 91529Y106 986 44,500 SH DEFINED 1,2,3 44,500
VALASSIS COMMUNICATIONS INC COM 918866104 867 25,575 SH DEFINED 1,2,3 25,575
VALERO ENERGY CORP COM 91913Y100 920 52,525 SH DEFINED 1,2,3 52,525
VALIDUS HOLDINGS LTD COM SHS G9319H102 632 23,980 SH DEFINED 1,2,3 23,980
VIAD CORP COM 92552R406 704 36,418 SH DEFINED 1,2,3 36,418
VISA INC CL A 92826C839 1,114 15,000 SH DEFINED 1,2,3 15,000
WEBSTER FINANCIAL CORP COM 947890109 1,001 57,000 SH DEFINED 1,2,3 57,000
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
WILLIAMS COS INC COM 969457100 2,504 131,035 SH DEFINED 1,2,3 131,035
WSFS FINANCIAL CORP COM 929328102 566 15,100 SH DEFINED 1,2,3 15,100
XCEL ENERGY INC COM 98389B100 1,253 54,545 SH DEFINED 1,2,3 54,545
XERIUM TECHNOLOGIES INC COM 98416J118 3,784 287,100 SH DEFINED 1,2,3 287,100
XEROX CORP COM 984121103 6,521 630,000 SH DEFINED 1,2,3 630,000
ZIMMER HOLDINGS INC COM 98956P102 1,132 21,625 SH DEFINED 1,2,3 21,625
ZORAN CORP COM 98975F101 751 98,244 SH DEFINED 1,2,3 98,244