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Claim and Claim Adjustment Expense Reserves (Tables)

9 Months Ended

Sep. 30, 2016

Net Prior Year Development

The following tables and discussion present net prior year development.

Three Months Ended September 30, 2016		Specialty				Commercial				International				Total
(In millions)
Pretax (favorable) unfavorable net prior year claim and allocated claim adjustment expense reserve development		$	(112)			$	(5)			$	(15)			$	(132)
Pretax (favorable) unfavorable premium development							(3)				(2)				(5)
Total pretax (favorable) unfavorable net prior year development		$	(112)			$	(8)			$	(17)			$	(137)
Three Months Ended September 30, 2015
Pretax (favorable) unfavorable net prior year claim and allocated claim adjustment expense reserve development		$	(130)			$	(11)			$	(34)			$	(175)
Pretax (favorable) unfavorable premium development			(2)				(5)				2				(5)
Total pretax (favorable) unfavorable net prior year development		$	(132)			$	(16)			$	(32)			$	(180)
Nine Months Ended September 30, 2016
Pretax (favorable) unfavorable net prior year claim and allocated claim adjustment expense reserve development		$	(211)			$	(37)			$	(34)			$	(282)
Pretax (favorable) unfavorable premium development			(18)				(7)				(2)				(27)
Total pretax (favorable) unfavorable net prior year development		$	(229)			$	(44)			$	(36)			$	(309)
Nine Months Ended September 30, 2015
Pretax (favorable) unfavorable net prior year claim and allocated claim adjustment expense reserve development		$	(141)							$	(46)			$	(187)
Pretax (favorable) unfavorable premium development			(10)			$	(17)				16				(11)
Total pretax (favorable) unfavorable net prior year development		$	(151)			$	(17)			$	(30)			$	(198)

Impact of Loss Portfolio Transfer on Consolidated Condensed Statements of Income

The following table presents the impact of the loss portfolio transfer on the Consolidated Condensed Statements of Income.

		Three Months Ended     September 30,								Nine Months Ended    September 30,
		2016				2015				2016				2015
(In millions)
Net A&EP adverse development before consideration of LPT		$	-			$	-			$	200			$	150
Provision for uncollectible third party reinsurance on A&EP
Additional amounts ceded under LPT			-				-				200				150
Retroactive reinsurance benefit recognized			(12)				(4)				(94)				(75)
Pretax impact of unrecognized deferred retroactive reinsurance benefit		$	(12)			$	(4)			$	106			$	75

CNA Financial [Member] | Specialty [Member]

Net Prior Year Claim and Allocated Claim Adjustment Expense Reserve Development

The following table and discussion present further detail of the net prior year claim and allocated claim adjustment expense reserve development (“development”) recorded for the Specialty segment:

		Three Months Ended     September 30,								Nine Months Ended    September 30,
		2016				2015				2016				2015
(In millions)
Medical professional liability		$	13			$	(19)			$	(17)			$	(11)
Other professional liability and management liability			(48)				(37)				(98)				(41)
Surety			(63)				(70)				(63)				(69)
Warranty			2								7				1
Other			(16)				(4)				(40)				(21)
Total pretax (favorable) unfavorable development		$	(112)			$	(130)			$	(211)			$	(141)

CNA Financial [Member] | Commercial [Member]

Net Prior Year Claim and Allocated Claim Adjustment Expense Reserve Development

The following table and discussion present further detail of the development recorded for the Commercial segment:

		Three Months Ended     September 30,								Nine Months Ended    September 30,
		2016				2015				2016				2015
(In millions)
Commercial auto		$	(12)							$	(47)			$	7
General liability			14			$	3				(38)				8
Workers’ compensation			(6)				(1)				48				22
Property and other			(1)				(13)								(37)
Total pretax (favorable) unfavorable development		$	(5)			$	(11)			$	(37)			$	-

CNA Financial [Member] | International [Member]

Net Prior Year Claim and Allocated Claim Adjustment Expense Reserve Development

The following table and discussion present further detail of the development recorded for the International segment:

		Three Months Ended     September 30,								Nine Months Ended    September 30,
		2016				2015				2016				2015
(In millions)
Medical professional liability		$	(2	)		$	(8	)		$	(3	)		$	(8)
Other professional liability			(1	)			(11	)			16				(16)
Liability			(2	)			(5	)			(21	)			(12)
Property & marine			(9	)			(5	)			(16	)			(19)
Other			(1	)			(5	)			(10	)			9
Total pretax (favorable) unfavorable development		$	(15	)		$	(34	)		$	(34	)		$	(46)

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Net prior year claim and allocated claim adjustment expense reserve development for CNA commercial segment

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Tabular disclosure of business interruption insurance recoveries. Includes, but is not limited to, the nature of the event resulting in business interruption loss, amount of business interruption insurance recoveries recognized, and line item in the statement of income in which those recoveries are classified.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=64839914&loc=d3e16285-107787

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 30
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=64817685&loc=d3e16237-107786

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Business Interruption Insurance
-URI http://asc.fasb.org/extlink&oid=6506598

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