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Business Segments | 9 Months Ended
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Sep. 30, 2016
Segment Reporting [Abstract] |
Business Segments | 10. Business Segments The Company’s segments are CNA Financial’s core property and casualty commercial insurance operations which include Specialty, Commercial and International; CNA’s Other Non-Core operations; Diamond Offshore; Boardwalk Pipeline; Loews Hotels; and Corporate and other. The Company’s reportable segments are primarily based on its individual operating subsidiaries. Each of the principal operating subsidiaries is headed by a chief executive officer who is responsible for the operation of its business and has the duties and authority commensurate with that position. Investment gains (losses) and the related income taxes, excluding those of CNA, are included in the Corporate and other segment. For additional disclosures regarding the composition of the Company’s segments see Note 20 of the Consolidated Financial Statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015. The following tables present the Company’s consolidated revenues and income (loss) by business segment:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
(In millions) |  |  |  |  |  |  |  |  |  |  |  |
Revenues (a): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
CNA Financial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property and Casualty: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Specialty |  | $ | 946 |  |  | $ | 846 |  |  | $ | 2,739 |  |  | $ | 2,667 |
Commercial |  |  | 913 |  |  |  | 767 |  |  |  | 2,591 |  |  |  | 2,545 |
International |  |  | 229 |  |  |  | 216 |  |  |  | 658 |  |  |  | 642 |
Other Non-Core |  |  | 345 |  |  |  | 324 |  |  |  | 996 |  |  |  | 978 |
Total CNA Financial |  |  | 2,433 |  |  |  | 2,153 |  |  |  | 6,984 |  |  |  | 6,832 |
Diamond Offshore |  |  | 350 |  |  |  | 608 |  |  |  | 1,211 |  |  |  | 1,867 |
Boardwalk Pipeline |  |  | 306 |  |  |  | 296 |  |  |  | 961 |  |  |  | 925 |
Loews Hotels |  |  | 161 |  |  |  | 146 |  |  |  | 513 |  |  |  | 452 |
Corporate and other |  |  | 37 |  |  |  | (34 | ) |  |  | 98 |  |  |  | 6 |
Total |  | $ | 3,287 |  |  | $ | 3,169 |  |  | $ | 9,767 |  |  | $ | 10,082 |
Income (loss) before income tax and noncontrolling interests (a): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
CNA Financial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property and Casualty: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Specialty |  | $ | 306 |  |  | $ | 248 |  |  | $ | 736 |  |  | $ | 661 |
Commercial |  |  | 186 |  |  |  | 83 |  |  |  | 427 |  |  |  | 391 |
International |  |  | 33 |  |  |  | 23 |  |  |  | 16 |  |  |  | 71 |
Other Non-Core |  |  | (49 | ) |  |  | (120 | ) |  |  | (355 | ) |  |  | (410) |
Total CNA Financial |  |  | 476 |  |  |  | 234 |  |  |  | 824 |  |  |  | 713 |
Diamond Offshore |  |  | 36 |  |  |  | 139 |  |  |  | (538 | ) |  |  | (42) |
Boardwalk Pipeline |  |  | 46 |  |  |  | 48 |  |  |  | 210 |  |  |  | 163 |
Loews Hotels |  |  | 4 |  |  |  | 1 |  |  |  | 17 |  |  |  | 25 |
Corporate and other |  |  | (6 | ) |  |  | (74 | ) |  |  | (38 | ) |  |  | (111) |
Total |  | $ | 556 |  |  | $ | 348 |  |  | $ | 475 |  |  | $ | 748 |
Net income (loss) (a): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
CNA Financial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property and Casualty: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Specialty |  | $ | 180 |  |  | $ | 147 |  |  | $ | 437 |  |  | $ | 394 |
Commercial |  |  | 110 |  |  |  | 49 |  |  |  | 252 |  |  |  | 231 |
International |  |  | 22 |  |  |  | 9 |  |  |  | 9 |  |  |  | 37 |
Other Non-Core |  |  | (4 | ) |  |  | (44 | ) |  |  | (141 | ) |  |  | (167) |
Total CNA Financial |  |  | 308 |  |  |  | 161 |  |  |  | 557 |  |  |  | 495 |
Diamond Offshore |  |  | 7 |  |  |  | 47 |  |  |  | (240 | ) |  |  | (34) |
Boardwalk Pipeline |  |  | 14 |  |  |  | 18 |  |  |  | 62 |  |  |  | 55 |
Loews Hotels |  |  | 3 |  |  |  | 2 |  |  |  | 7 |  |  |  | 15 |
Corporate and other |  |  | (5 | ) |  |  | (46 | ) |  |  | (22 | ) |  |  | (70) |
Total |  | $ | 327 |  |  | $ | 182 |  |  | $ | 364 |  |  | $ | 461 |
(a) | Investment gains (losses) included in Revenues, Income (loss) before income tax and noncontrolling interests and Net income (loss) are as follows:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |  |  |
|  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |  |  |
Revenues and Income (loss) before income tax and noncontrolling interests: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
CNA Financial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property and Casualty: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Specialty |  | $ | 9 |  |  | $ | (22 | ) |  | $ | 2 |  |  | $ | (18 | ) |  |
Commercial |  |  | 12 |  |  |  | (29 | ) |  |  | 2 |  |  |  | (23 | ) |  |
International |  |  | 6 |  |  |  | (1 | ) |  |  | 14 |  |  |  | 1 |  |  |
Other Non-Core |  |  | 18 |  |  |  | 2 |  |  |  | 12 |  |  |  | (2 | ) |  |
Total CNA Financial |  |  | 45 |  |  |  | (50 | ) |  |  | 30 |  |  |  | (42 | ) |  |
Corporate and other |  |  |  |  |  |  |  |  |  |  | (12 | ) |  |  |  |  |  |
Total |  | $ | 45 |  |  | $ | (50 | ) |  | $ | 18 |  |  | $ | (42 | ) |  |
Net income (loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
CNA Financial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property and Casualty: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Specialty |  | $ | 5 |  |  | $ | (14 | ) |  | $ | 1 |  |  | $ | (11 | ) |  |
Commercial |  |  | 7 |  |  |  | (16 | ) |  |  | 1 |  |  |  | (13 | ) |  |
International |  |  | 4 |  |  |  |  |  |  |  | 10 |  |  |  | 1 |  |  |
Other Non-Core |  |  | 11 |  |  |  | 1 |  |  |  | 4 |  |  |  | 5 |  |  |
Total CNA Financial |  |  | 27 |  |  |  | (29 | ) |  |  | 16 |  |  |  | (18 | ) |  |
Corporate and other |  |  |  |  |  |  |  |  |  |  | (4 | ) |  |  |  |  |  |
Total |  | $ | 27 |  |  | $ | (29 | ) |  | $ | 12 |  |  | $ | (18 | ) |  |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
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