CNA Financial (CNA) 8-K Results of Operations and Financial Condition

Exhibit 99.1

CNA Financial Corporation

Supplemental Financial Information

Segment Financial Results for each of the first three quarters in 2010,

the Six Months Ended June 30, 2010,

the Nine Months Ended September 30, 2010,

the Three Months Ended December 31, 2009,

and the Twelve Months Ended December 31, 2009 and 2008

CNA Financial Corporation

Table of Contents

	Page
Definitions and Presentation		i
Segment Financial Results for each of the first three quarters in 2010, the Six Months Ended June 30, 2010 and the Nine Months Ended September 30, 2010		1-6
Segment Financial Results for the Three Months Ended December 31, 2009		7-8
Segment Financial Results for the Twelve Months Ended December 31, 2009 and 2008		9-10

CNA Financial Corporation

Definitions and Presentation

• Collectively, CNA Financial Corporation (CNAF) and its controlled subsidiaries are referred to as CNA or the Company.

• P&C Operationsincludes CNA Specialty and CNA Commercial.

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

• Corporate & Other Non-Coresegment 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). Intersegment eliminations are also included in this segment.

• Management utilizes the net operating income financial measure to monitor the Company’s operations. Please refer to Note K of the Condensed Consolidated Financial Statements within the September 30, 2010 Form 10-Q for further discussion of this measure.

• In evaluating the results of CNA Specialty and CNA Commercial, 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. 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.

• Certain immaterial differences are due to rounding.

Segment Change — Certain Mass Tort Claims

The Company has revised its reporting segments in the fourth quarter of 2010. The segment change reflects the manner in which the Company is currently organized for purposes of making operating decisions and assessing performance. This Financial Supplement presents segment data for prior reporting periods adjusted to reflect the new segment reporting.

Net incurred claim and claim adjustment expenses and reserves for certain mass tort claims were previously reported as part of the Corporate & Other Non-Core segment. These mass tort claims were centrally managed along with asbestos and environmental pollution claims. A significant portion of this centralized claim group became employees of a subsidiary of Berkshire Hathaway Inc. as a result of the previously announced Loss Portfolio Transfer transaction that closed on August 31, 2010. Management responsibility for these mass tort claims has now been assigned to the segment from which the mass tort arose, which could be either CNA Specialty or CNA Commercial. This change had no impact on the Company’s CNA Specialty and Life & Group Non-Core segments for the periods presented herein.

i

Segment Financial Results for each of the first three quarters in 2010,

the Six Months Ended June 30, 2010,

and the Nine Months Ended September 30, 2010

CNA FINANCIAL CORPORATION
Financial Supplement
CNA Specialty

	Q1			Q2			Q3			Six months ended			Nine months ended
(In millions)	2010			2010			2010			June 30, 2010			September 30, 2010
Gross written premiums	$	1,050		$	1,043		$	1,087		$	2,093		$	3,180
Net written premiums		656			647			706			1,303			2,009
Net earned premiums		654			665			679			1,319			1,998
Net investment income		147			125			148			272			420
Other revenues		52			53			57			105			162
Total operating revenues		853			843			884			1,696			2,580
Claims, benefits and expenses:
Net incurred claims and benefits		402			320			393			722			1,115
Policyholders’ dividends		1			3			2			4			6
Amortization of deferred acquisition costs		155			154			162			309			471
Other insurance related expenses		47			47			45			94			139
Other expenses		44			50			47			94			141
Total claims, benefits and expenses		649			574			649			1,223			1,872
Operating income (loss) from continuing operations before income tax		204			269			235			473			708
Income tax (expense) benefit on operating income (loss)		(68	)		(90	)		(80	)		(158	)		(238	)
Net operating (income) loss, after-tax, attributable to noncontrolling interests		(8	)		(11	)		(11	)		(19	)		(30	)
Net operating income (loss) from continuing operations attributable to CNA		128			168			144			296			440
Net realized investment gains (losses), net of participating policyholders’ interests		13			32			15			45			60
Income tax (expense) benefit on net realized investment gains (losses)		(4	)		(11	)		(6	)		(15	)		(21	)
Net realized investment (gains) losses, after-tax, attributable to noncontrolling interests		—			—			—			—			—
Net realized investment gains (losses) attributable to CNA		9			21			9			30			39
Net income (loss) from continuing operations attributable to CNA	$	137		$	189		$	153		$	326		$	479
FINANCIAL RATIOS
Loss & LAE		61.5	%		48.2	%		57.8	%		54.8	%		55.8	%
Acquisition expense		19.2			19.4			19.7			19.3			19.4
Underwriting expense		11.6			10.9			10.7			11.3			11.1
Expense		30.8			30.3			30.4			30.6			30.5
Dividend		0.2			0.5			0.3			0.3			0.3
Combined ratio		92.5	%		79.0	%		88.5	%		85.7	%		86.6	%
RATIO IMPACTS
Impact of catastrophes
Pretax net accident year catastrophe losses incurred	$	2		$	3		$	1		$	5		$	6
Impact on loss & LAE ratio		0.3	%		0.5	%		0.1	%		0.4	%		0.3	%
Impact of development & other
Pretax net development: (favorable) / unfavorable
Prior year loss & ALAE reserve development	$	(25	)	$	(125	)	$	(65	)	$	(150	)	$	(215	)
Prior year premium development		(4	)		1			(2	)		(3	)		(5	)
Other (1)		—			—			—			—			—
Total development & other	$	(29	)	$	(124	)	$	(67	)	$	(153	)	$	(220	)
Impact of development & other on loss & LAE ratio		(4.2	)%		(18.6	)%		(9.8	)%		(11.5	)%		(10.9	)%

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

1

CNA FINANCIAL CORPORATION
Financial Supplement
CNA Commercial

	Q1			Q2			Q3			Six months ended			Nine months ended
(In millions)	2010			2010			2010			June 30, 2010			September 30, 2010
Gross written premiums	$	912		$	936		$	825		$	1,848		$	2,673
Net written premiums		829			838			763			1,667			2,430
Net earned premiums		816			797			819			1,613			2,432
Net investment income		221			184			216			405			621
Other revenues		18			16			15			34			49
Total operating revenues		1,055			997			1,050			2,052			3,102
Claims, benefits and expenses:
Net incurred claims and benefits		604			486			578			1,090			1,668
Policyholders’ dividends		1			6			4			7			11
Amortization of deferred acquisition costs		183			186			183			369			552
Other insurance related expenses		107			107			104			214			318
Other expenses		17			11			14			28			42
Total claims, benefits and expenses		912			796			883			1,708			2,591
Operating income (loss) from continuing operations before income tax		143			201			167			344			511
Income tax (expense) benefit on operating income (loss)		(43	)		(68	)		(54	)		(111	)		(165	)
Net operating (income) loss, after-tax, attributable to noncontrolling interests		(2	)		(8	)		(5	)		(10	)		(15	)
Net operating income (loss) from continuing operations attributable to CNA		98			125			108			223			331
Net realized investment gains (losses), net of participating policyholders’ interests		21			(12	)		21			9			30
Income tax (expense) benefit on net realized investment gains (losses)		(7	)		(2	)		(8	)		(9	)		(17	)
Net realized investment (gains) losses, after-tax, attributable to noncontrolling interests		—			—			1			—			1
Net realized investment gains (losses) attributable to CNA		14			(14	)		14			—			14
Net income (loss) from continuing operations attributable to CNA	$	112		$	111		$	122		$	223		$	345
FINANCIAL RATIOS
Loss & LAE		74.1	%		60.9	%		70.3	%		67.6	%		68.5	%
Acquisition expense		18.1			17.9			18.2			18.0			18.0
Underwriting expense		17.5			18.8			16.9			18.1			17.8
Expense		35.6			36.7			35.1			36.1			35.8
Dividend		0.1			0.8			0.4			0.4			0.4
Combined ratio		109.8	%		98.4	%		105.8	%		104.1	%		104.7	%
RATIO IMPACTS
Impact of catastrophes
Pretax net accident year catastrophe losses incurred	$	38		$	45		$	11		$	83		$	94
Impact on loss & LAE ratio		4.7	%		5.7	%		1.4	%		5.2	%		3.9	%
Impact of development & other
Pretax net development: (favorable) / unfavorable
Prior year loss & ALAE reserve development	$	(28	)	$	(175	)	$	(26	)	$	(203	)	$	(229	)
Prior year premium development		21			35			(2	)		56			54
Other (1)		—			5			(4	)		5			1
Total development & other	$	(7	)	$	(135	)	$	(32	)	$	(142	)	$	(174	)
Impact of development & other on loss & LAE ratio		(1.5	)%		(18.0	)%		(3.9	)%		(9.6	)%		(7.7	)%

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

2

CNA FINANCIAL CORPORATION
Financial Supplement
Property & Casualty Operations

	Q1			Q2			Q3			Six months ended			Nine months ended
(In millions)	2010			2010			2010			June 30, 2010			September 30, 2010
Gross written premiums	$	1,962		$	1,979		$	1,912		$	3,941		$	5,853
Net written premiums		1,485			1,485			1,469			2,970			4,439
Net earned premiums		1,470			1,462			1,498			2,932			4,430
Net investment income		368			309			364			677			1,041
Other revenues		70			69			72			139			211
Total operating revenues		1,908			1,840			1,934			3,748			5,682
Claims, benefits and expenses:
Net incurred claims and benefits		1,006			806			971			1,812			2,783
Policyholders’ dividends		2			9			6			11			17
Amortization of deferred acquisition costs		338			340			345			678			1,023
Other insurance related expenses		154			154			149			308			457
Other expenses		61			61			61			122			183
Total claims, benefits and expenses		1,561			1,370			1,532			2,931			4,463
Operating income (loss) from continuing operations before income tax		347			470			402			817			1,219
Income tax (expense) benefit on operating income (loss)		(111	)		(158	)		(134	)		(269	)		(403	)
Net operating (income) loss, after-tax, attributable to noncontrolling interests		(10	)		(19	)		(16	)		(29	)		(45	)
Net operating income (loss) from continuing operations attributable to CNA		226			293			252			519			771
Net realized investment gains (losses), net of participating policyholders’ interests		34			20			36			54			90
Income tax (expense) benefit on net realized investment gains (losses)		(11	)		(13	)		(14	)		(24	)		(38	)
Net realized investment (gains) losses, after-tax, attributable to noncontrolling interests		—			—			1			—			1
Net realized investment gains (losses) attributable to CNA		23			7			23			30			53
Net income (loss) from continuing operations attributable to CNA	$	249		$	300		$	275		$	549		$	824
FINANCIAL RATIOS
Loss & LAE		68.5	%		55.1	%		64.7	%		61.8	%		62.8	%
Acquisition expense		18.6			18.5			18.9			18.6			18.7
Underwriting expense		14.9			15.3			14.1			15.0			14.7
Expense		33.5			33.8			33.0			33.6			33.4
Dividend		0.1			0.6			0.3			0.4			0.4
Combined ratio		102.1	%		89.5	%		98.0	%		95.8	%		96.6	%
RATIO IMPACTS
Impact of catastrophes
Pretax net accident year catastrophe losses incurred	$	40		$	48		$	12		$	88		$	100
Impact on loss & LAE ratio		2.7	%		3.3	%		0.8	%		3.0	%		2.3	%
Impact of development & other
Pretax net development: (favorable) / unfavorable
Prior year loss & ALAE reserve development	$	(53	)	$	(300	)	$	(91	)	$	(353	)	$	(444	)
Prior year premium development		17			36			(4	)		53			49
Other (1)		—			5			(4	)		5			1
Total development & other	$	(36	)	$	(259	)	$	(99	)	$	(295	)	$	(394	)
Impact of development & other on loss & LAE ratio		(2.7	)%		(18.4	)%		(6.5	)%		(10.6	)%		(9.2	)%

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

3

CNA FINANCIAL CORPORATION
Financial Supplement
Life & Group Non-Core

	Q1			Q2			Q3			Six months ended			Nine months ended
(In millions)	2010			2010			2010			June 30, 2010			September 30, 2010
Net earned premiums	$	145		$	146		$	145		$	291		$	436
Net investment income		175			174			182			349			531
Other revenues		4			2			4			6			10
Total operating revenues		324			322			331			646			977
Claims, benefits and expenses:
Net incurred claims and benefits		281			314			354			595			949
Policyholders’ dividends		—			1			1			1			2
Amortization of deferred acquisition costs		4			5			6			9			15
Other insurance related expenses		51			45			41			96			137
Other expenses		6			—			7			6			13
Total claims, benefits and expenses		342			365			409			707			1,116
Operating income (loss) from continuing operations before income tax		(18	)		(43	)		(78	)		(61	)		(139	)
Income tax (expense) benefit on operating income (loss)		19			25			23			44			67
Net operating (income) loss, after-tax, attributable to noncontrolling interests		—			—			—			—			—
Net operating income (loss) from continuing operations attributable to CNA		1			(18	)		(55	)		(17	)		(72	)
Net realized investment gains (losses), net of participating policyholders’ interests		(4	)		(1	)		20			(5	)		15
Income tax (expense) benefit on net realized investment gains (losses)		—			—			(7	)		—			(7	)
Net realized investment (gains) losses, after-tax, attributable to noncontrolling interests		—			—			—			—			—
Net realized investment gains (losses) attributable to CNA		(4	)		(1	)		13			(5	)		8
Net income (loss) from continuing operations attributable to CNA	$	(3	)	$	(19	)	$	(42	)	$	(22	)	$	(64	)

4

CNA FINANCIAL CORPORATION
Financial Supplement
Corporate & Other Non-Core

	Q1			Q2			Q3			Six months ended			Nine months ended
(In millions)	2010			2010			2010			June 30, 2010			September 30, 2010
Net earned premiums	$	—		$	—		$	2		$	—		$	2
Net investment income		47			38			35			85			120
Other revenues		2			4			(1	)		6			5
Total operating revenues		49			42			36			91			127
Claims, benefits and expenses:
Net incurred claims and benefits		19			17			12			36			48
Policyholders’ dividends		—			—			—			—			—
Amortization of deferred acquisition costs		—			—			—			—			—
Other insurance related expenses		1			(2	)		8			(1	)		7
Other expenses		35			37			569			72			641
Total claims, benefits and expenses		55			52			589			107			696
Operating income (loss) from continuing operations before income tax		(6	)		(10	)		(553	)		(16	)		(569	)
Income tax (expense) benefit on operating income (loss)		2			4			198			6			204
Net operating (income) loss, after-tax, attributable to noncontrolling interests		—			—			—			—			—
Net operating income (loss) from continuing operations attributable to CNA		(4	)		(6	)		(355	)		(10	)		(365	)
Net realized investment gains (losses), net of participating policyholders’ interests		4			10			6			14			20
Income tax (expense) benefit on net realized investment gains (losses)		(1	)		(3	)		(2	)		(4	)		(6	)
Net realized investment (gains) losses, after-tax, attributable to noncontrolling interests		—			—			—			—			—
Net realized investment gains (losses) attributable to CNA		3			7			4			10			14
Net income (loss) from continuing operations attributable to CNA	$	(1	)	$	1		$	(351	)	$	—		$	(351	)

5

CNA FINANCIAL CORPORATION
Financial Supplement
Total Operations

	Q1			Q2			Q3			Six months ended			Nine months ended
(In millions)	2010			2010			2010			June 30, 2010			September 30, 2010
Net earned premiums	$	1,615		$	1,608		$	1,645		$	3,223		$	4,868
Net investment income		590			521			581			1,111			1,692
Other revenues		76			75			75			151			226
Total operating revenues		2,281			2,204			2,301			4,485			6,786
Claims, benefits and expenses:
Net incurred claims and benefits		1,306			1,137			1,337			2,443			3,780
Policyholders’ dividends		2			10			7			12			19
Amortization of deferred acquisition costs		342			345			351			687			1,038
Other insurance related expenses		206			197			198			403			601
Other expenses		102			98			637			200			837
Total claims, benefits and expenses		1,958			1,787			2,530			3,745			6,275
Operating income (loss) from continuing operations before income tax		323			417			(229	)		740			511
Income tax (expense) benefit on operating income (loss)		(90	)		(129	)		87			(219	)		(132	)
Net operating (income) loss, after-tax, attributable to noncontrolling interests		(10	)		(19	)		(16	)		(29	)		(45	)
Net operating income (loss) from continuing operations attributable to CNA		223			269			(158	)		492			334
Net realized investment gains (losses), net of participating policyholders’ interests		34			29			62			63			125
Income tax (expense) benefit on net realized investment gains (losses)		(12	)		(16	)		(23	)		(28	)		(51	)
Net realized investment (gains) losses, after-tax, attributable to noncontrolling interests		—			—			1			—			1
Net realized investment gains (losses) attributable to CNA		22			13			40			35			75
Net income (loss) from continuing operations attributable to CNA	$	245		$	282		$	(118	)	$	527		$	409

6

Segment Financial Results for the Three Months Ended December 31, 2009

CNA FINANCIAL CORPORATION
Financial Supplement
Property & Casualty Operations

THREE MONTHS ENDED
DECEMBER 31, 2009 (In millions)	CNA Specialty			CNA Commercial			P&C Operations
Gross written premiums	$	1,027		$	878		$	1,905
Net written premiums		667			801			1,468
Net earned premiums		683			858			1,541
Net investment income		130			223			353
Other revenues		53			14			67
Total operating revenues		866			1,095			1,961
Claims, benefits and expenses:
Net incurred claims and benefits		327			562			889
Policyholders’ dividends		2			3			5
Amortization of deferred acquisition costs		167			184			351
Other insurance related expenses		40			134			174
Other expenses		46			15			61
Total claims, benefits and expenses		582			898			1,480
Operating income (loss) from continuing operations before income tax		284			197			481
Income tax (expense) benefit on operating income (loss)		(87	)		(57	)		(144	)
Net operating (income) loss, after-tax, attributable to noncontrolling interests		(19	)		(5	)		(24	)
Net operating income (loss) from continuing operations attributable to CNA		178			135			313
Net realized investment gains (losses), net of participating policyholders’ interests		41			86			127
Income tax (expense) benefit on net realized investment gains (losses)		(12	)		(31	)		(43	)
Net realized investment (gains) losses, after-tax, attributable to noncontrolling interests		(1	)		1			—
Net realized investment gains (losses) attributable to CNA		28			56			84
Net income (loss) from continuing operations attributable to CNA	$	206		$	191		$	397
FINANCIAL RATIOS
Loss & LAE		47.8	%		65.6	%		57.8	%
Acquisition expense		18.7			20.2			19.6
Underwriting expense		11.6			16.8			14.3
Expense		30.3			37.0			33.9
Dividend		0.3			0.4			0.4
Combined ratio		78.4	%		103.0	%		92.1	%
RATIO IMPACTS
Impact of catastrophes
Pretax net accident year catastrophe losses incurred	$	1		$	9		$	10
Impact on loss & LAE ratio		0.1	%		1.1	%		0.7	%
Impact of development & other
Pretax net development: (favorable) / unfavorable
Prior year loss & ALAE reserve development	$	(115	)	$	(82	)	$	(197	)
Prior year premium development		(6	)		2			(4	)
Other (1)		1			6			7
Total development & other	$	(120	)	$	(74	)	$	(194	)
Impact of development & other on loss & LAE ratio		(17.1	)%		(8.6	)%		(12.5	)%

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

7

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

THREE MONTHS ENDED
DECEMBER 31, 2009 (In millions)	P&C Operations			Life & Group Non-Core			Corporate & Other Non-Core			Total Operations
Net earned premiums	$	1,541		$	148		$	(3	)	$	1,686
Net investment income		353			168			44			565
Other revenues		67			4			4			75
Total operating revenues		1,961			320			45			2,326
Claims, benefits and expenses:
Net incurred claims and benefits		889			311			164			1,364
Policyholders’ dividends		5			2			—			7
Amortization of deferred acquisition costs		351			3			—			354
Other insurance related expenses		174			45			(1	)		218
Other expenses		61			5			32			98
Total claims, benefits and expenses		1,480			366			195			2,041
Operating income (loss) from continuing operations before income tax		481			(46	)		(150	)		285
Income tax (expense) benefit on operating income (loss)		(144	)		27			53			(64	)
Net operating (income) loss, after-tax, attributable to noncontrolling interests		(24	)		—			—			(24	)
Net operating income (loss) from continuing operations attributable to CNA		313			(19	)		(97	)		197
Net realized investment gains (losses), net of participating policyholders’ interests		127			(79	)		24			72
Income tax (expense) benefit on net realized investment gains (losses)		(43	)		27			(7	)		(23	)
Net realized investment (gains) losses, after-tax, attributable to noncontrolling interests		—			—			—			—
Net realized investment gains (losses) attributable to CNA		84			(52	)		17			49
Net income (loss) from continuing operations attributable to CNA	$	397		$	(71	)	$	(80	)	$	246

8

Segment Financial Results for the Twelve Months Ended December 31, 2009 and 2008

CNA FINANCIAL CORPORATION
Financial Supplement
Property & Casualty Operations

TWELVE MONTHS ENDED DECEMBER 31	CNA Specialty						CNA Commercial						P&C Operations
(In millions)	2009			2008			2009			2008			2009			2008
Gross written premiums	$	4,222		$	4,254		$	3,824		$	4,213		$	8,046		$	8,467
Net written premiums		2,684			2,719			3,448			3,770			6,132			6,489
Net earned premiums		2,697			2,755			3,432			3,787			6,129			6,542
Net investment income		526			354			935			612			1,461			966
Other revenues		206			219			61			65			267			284
Total operating revenues		3,429			3,328			4,428			4,464			7,857			7,792
Claims, benefits and expenses:
Net incurred claims and benefits		1,536			1,700			2,420			2,772			3,956			4,472
Policyholders’ dividends		9			13			9			1			18			14
Amortization of deferred acquisition costs		624			618			775			836			1,399			1,454
Other insurance related expenses		163			137			435			343			598			480
Other expenses		179			198			77			105			256			303
Total claims, benefits and expenses		2,511			2,666			3,716			4,057			6,227			6,723
Operating income (loss) from continuing operations before income tax		918			662			712			407			1,630			1,069
Income tax (expense) benefit on operating income (loss)		(282	)		(205	)		(201	)		(101	)		(483	)		(306	)
Net operating (income) loss, after-tax, attributable to noncontrolling interests		(45	)		(43	)		(17	)		(14	)		(62	)		(57	)
Net operating income (loss) from continuing operations attributable to CNA		591			414			494			292			1,085			706
Net realized investment gains (losses), net of participating policyholders’ interests		(186	)		(257	)		(360	)		(526	)		(546	)		(783	)
Income tax (expense) benefit on net realized investment gains (losses)		64			90			123			185			187			275
Net realized investment (gains) losses, after-tax, attributable to noncontrolling interests		(1	)		—			1			—			—			—
Net realized investment gains (losses) attributable to CNA		(123	)		(167	)		(236	)		(341	)		(359	)		(508	)
Net income (loss) from continuing operations attributable to CNA	$	468		$	247		$	258		$	(49	)	$	726		$	198
FINANCIAL RATIOS
Loss & LAE		56.9	%		61.7	%		70.5	%		73.1	%		64.5	%		68.3	%
Acquisition expense		18.8			18.2			18.5			17.1			18.6			17.6
Underwriting expense		10.5			9.1			16.7			14.1			14.0			12.0
Expense		29.3			27.3			35.2			31.2			32.6			29.6
Dividend		0.3			0.5			0.3			—			0.3			0.2
Combined ratio		86.5	%		89.5	%		106.0	%		104.3	%		97.4	%		98.1	%
RATIO IMPACTS
Impact of catastrophes
Pretax net accident year catastrophe losses incurred	$	7		$	15		$	82		$	343		$	89		$	358
Impact on loss & LAE ratio		0.2	%		0.6	%		2.4	%		9.0	%		1.4	%		5.5	%
Pretax assessments related to catastrophes	$	—		$	—		$	—		$	10		$	—		$	10
Impact on expense ratio		—	%		—	%		—	%		0.3	%		—	%		0.2	%
Impact of development & other
Pretax net development: (favorable) / unfavorable
Prior year loss & ALAE reserve development	$	(218	)	$	(97	)	$	(230	)	$	(102	)	$	(448	)	$	(199	)
Prior year premium development		(6	)		(9	)		87			5			81			(4	)
Other (1)		—			(4	)		18			(83	)		18			(87	)
Total development & other	$	(224	)	$	(110	)	$	(125	)	$	(180	)	$	(349	)	$	(290	)
Impact of development & other on loss & LAE ratio		(8.3	)%		(3.9	)%		(4.3	)%		(4.8	)%		(6.1	)%		(4.4	)%

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

9

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

TWELVE MONTHS ENDED DECEMBER 31	P&C Operations						Life & Group Non-Core						Corporate & Other Non-Core						Total Operations
(In millions)	2009			2008			2009			2008			2009			2008			2009			2008
Net earned premiums	$	6,129		$	6,542		$	595		$	612		$	(3	)	$	(3	)	$	6,721		$	7,151
Net investment income		1,461			966			664			484			195			169			2,320			1,619
Other revenues		267			284			11			28			10			14			288			326
Total operating revenues		7,857			7,792			1,270			1,124			202			180			9,329			9,096
Claims, benefits and expenses:
Net incurred claims and benefits		3,956			4,472			1,084			1,104			227			127			5,267			5,703
Policyholders’ dividends		18			14			5			6			—			—			23			20
Amortization of deferred acquisition costs		1,399			1,454			18			13			—			—			1,417			1,467
Other insurance related expenses		598			480			183			201			—			13			781			694
Other expenses		256			303			69			24			119			150			444			477
Total claims, benefits and expenses		6,227			6,723			1,359			1,348			346			290			7,932			8,361
Operating income (loss) from continuing operations before income tax		1,630			1,069			(89	)		(224	)		(144	)		(110	)		1,397			735
Income tax (expense) benefit on operating income (loss)		(483	)		(306	)		73			116			57			45			(353	)		(145	)
Net operating (income) loss, after-tax, attributable to noncontrolling interests		(62	)		(57	)		—			—			—			—			(62	)		(57	)
Net operating income (loss) from continuing operations attributable to CNA		1,085			706			(16	)		(108	)		(87	)		(65	)		982			533
Net realized investment gains (losses), net of participating policyholders’ interests		(546	)		(783	)		(235	)		(363	)		(76	)		(151	)		(857	)		(1,297	)
Income tax (expense) benefit on net realized investment gains (losses)		187			275			82			127			27			54			296			456
Net realized investment (gains) losses, after-tax, attributable to noncontrolling interests		—			—			—			—			—			—			—			—
Net realized investment gains (losses) attributable to CNA		(359	)		(508	)		(153	)		(236	)		(49	)		(97	)		(561	)		(841	)
Net income (loss) from continuing operations attributable to CNA	$	726		$	198		$	(169	)	$	(344	)	$	(136	)	$	(162	)	$	421		$	(308	)

10