<ARTICLE> 7 <CIK> 0000021175 <NAME> CNA FINANCIAL CORPORATION <MULTIPLIER> 1,000,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-1-1998 <PERIOD-END> MAR-31-1998 <DEBT-HELD-FOR-SALE> 29,797 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 982 <MORTGAGE> 79 <REAL-ESTATE> 5 <TOTAL-INVEST> 36,716 <CASH> 201 <RECOVER-REINSURE> 5,773 <DEFERRED-ACQUISITION> 2,291 <TOTAL-ASSETS> 62,123 <POLICY-LOSSES> 29,401 <UNEARNED-PREMIUMS> 5,268 <POLICY-OTHER> 136 <POLICY-HOLDER-FUNDS> 757 <NOTES-PAYABLE> 2,893 <PREFERRED-MANDATORY> 0 <PREFERRED> 150 <COMMON> 155 <OTHER-SE> 8,211 <TOTAL-LIABILITY-AND-EQUITY> 62,123 <PREMIUMS> 3,368 <INVESTMENT-INCOME> 562 <INVESTMENT-GAINS> 183 <OTHER-INCOME> 215 <BENEFITS> 2,850 <UNDERWRITING-AMORTIZATION> 588 <UNDERWRITING-OTHER> 504 <INCOME-PRETAX> 331 <INCOME-TAX> (98) <INCOME-CONTINUING> 233 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 233 <EPS-PRIMARY> 3.75 <EPS-DILUTED> 3.75 <RESERVE-OPEN> 23,245 <PROVISION-CURRENT> 2,492 <PROVISION-PRIOR> 21 <PAYMENTS-CURRENT> 328 <PAYMENTS-PRIOR> 1,733 <RESERVE-CLOSE> 23,697 <CUMULATIVE-DEFICIENCY> 21