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Schedule II. Condensed Financial Information of Registrant (Parent Company) | 12 Months Ended
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Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract] |
Schedule II. Condensed Financial Information of Registrant (Parent Company) | SCHEDULE II. CONDENSED FINANCIAL INFORMATION OF REGISTRANT (PARENT COMPANY) CNA Financial Corporation Statements of Operations and Comprehensive Income
Years ended December 31 |  |  |  |  |
(In millions) | 2024 |  | 2023 |  | 2022
Revenues |  |  |  |  |
Net investment income | $ | 42 |  |  | $ | 41 |  |  | $ | 8 |
Total revenues | 42 |  |  | 41 |  |  | 8 |
Expenses |  |  |  |  |
Administrative and general | 2 |  |  | 2 |  |  | 1 |
Interest | 132 |  |  | 126 |  |  | 112 |
Total expenses | 134 |  |  | 128 |  |  | 113 |
Loss from operations before income taxes and equity in net income of subsidiaries | (92) |  |  | (87) |  |  | (105) |
Income tax benefit | 7 |  |  | 4 |  |  | 6 |
Loss before equity in net income of subsidiaries | (85) |  |  | (83) |  |  | (99) |
Equity in net income of subsidiaries | 1,044 |  |  | 1,288 |  |  | 781 |
Net income | 959 |  |  | 1,205 |  |  | 682 |
Equity in other comprehensive income (loss) of subsidiaries | 681 |  |  | 926 |  |  | (2,238) |
Total comprehensive income (loss) | $ | 1,640 |  |  | $ | 2,131 |  |  | $ | (1,556) |
See accompanying Notes to Condensed Financial Information as well as the Consolidated Financial Statements and accompanying Notes. CNA Financial Corporation Balance Sheets
December 31 |  |  |
(In millions, except share data) | 2024 |  | 2023
Assets |  |  |
Investment in subsidiaries | $ | 12,684 |  |  | $ | 11,948 |
Cash | 1 |  |  | 1 |
Short-term investments | 846 |  |  | 1,009 |
Amounts due from affiliates | 4 |  |  | 4 |
Other assets | 1 |  |  | 1 |
Total assets | $ | 13,536 |  |  | $ | 12,963 |
Liabilities |  |  |
Short-term debt | $ | — |  |  | $ | 550 |
Long-term debt | 2,973 |  |  | 2,481 |
Other liabilities | 50 |  |  | 39 |
Total liabilities | 3,023 |  |  | 3,070 |
Stockholders' Equity |  |  |
Common stock ($2.50 par value; 500,000,000 shares authorized; 273,040,243 shares issued; 270,844,681 and 270,881,457 shares outstanding) | 683 |  |  | 683 |
Additional paid-in capital | 2,229 |  |  | 2,221 |
Retained earnings | 9,686 |  |  | 9,755 |
Accumulated other comprehensive loss | (1,991) |  |  | (2,672) |
Treasury stock (2,195,562 and 2,158,786 shares), at cost | (94) |  |  | (94) |
Total stockholders' equity | 10,513 |  |  | 9,893 |
Total liabilities and stockholders' equity | $ | 13,536 |  |  | $ | 12,963 |
See accompanying Notes to Condensed Financial Information as well as the Consolidated Financial Statements and accompanying Notes. CNA Financial Corporation Statements of Cash Flows
Years ended December 31 |  |  |  |  |
(In millions) | 2024 |  | 2023 |  | 2022
Cash Flows from Operating Activities |  |  |  |  |
Net income | $ | 959 |  |  | $ | 1,205 |  |  | $ | 682 |
Adjustments to reconcile net income to net cash flows provided by operating activities: |  |  |  |  |
Equity in net income of subsidiaries | (1,044) |  |  | (1,288) |  |  | (781) |
Dividends received from subsidiaries | 995 |  |  | 1,055 |  |  | 990 |
Other, net | 9 |  |  | 2 |  |  | 28 |
Net cash flows provided by operating activities | 919 |  |  | 974 |  |  | 919 |
Cash Flows from Investing Activities |  |  |  |  |
Change in short-term investments | 204 |  |  | (395) |  |  | 114 |
Capital contributions to subsidiaries | (6) |  |  | (3) |  |  | — |
Net cash flows provided (used) by investing activities | 198 |  |  | (398) |  |  | 114 |
Cash Flows from Financing Activities |  |  |  |  |
Dividends paid to common stockholders | (1,025) |  |  | (787) |  |  | (982) |
Proceeds from the issuance of debt | 490 |  |  | 491 |  |  | — |
Repayment of debt | (550) |  |  | (243) |  |  | — |
Purchase of treasury stock | (20) |  |  | (24) |  |  | (39) |
Other, net | (12) |  |  | (14) |  |  | (11) |
Net cash flows used by financing activities | (1,117) |  |  | (577) |  |  | (1,032) |
Net change in cash | — |  |  | (1) |  |  | 1 |
Cash, beginning of year | 1 |  |  | 2 |  |  | 1 |
Cash, end of year | $ | 1 |  |  | $ | 1 |  |  | $ | 2 |
See accompanying Notes to Condensed Financial Information as well as the Consolidated Financial Statements and accompanying Notes. Notes to Condensed Financial Information A. Summary of Significant Accounting Policies Basis of Presentation The condensed financial information of CNA Financial Corporation (CNAF or the Parent Company) should be read in conjunction with the Consolidated Financial Statements and Notes thereto included in Item 8 of this Form 10-K. CNAF’s subsidiaries are accounted for using the equity method of accounting. Equity in net income of these subsidiaries is presented on the Condensed Statements of Operations as Equity in net income of subsidiaries. Loews owned approximately 92% of the outstanding common stock of CNAF as of December 31, 2024.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-11 + Details
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