<SEC-DOCUMENT>0000021175-25-000010.txt : 20250214
<SEC-HEADER>0000021175-25-000010.hdr.sgml : 20250214
<ACCEPTANCE-DATETIME>20250214130729
ACCESSION NUMBER:		0000021175-25-000010
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20241231
FILED AS OF DATE:		20250214
DATE AS OF CHANGE:		20250214
EFFECTIVENESS DATE:		20250214

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CNA FINANCIAL CORP
		CENTRAL INDEX KEY:			0000021175
		STANDARD INDUSTRIAL CLASSIFICATION:	FIRE, MARINE & CASUALTY INSURANCE [6331]
		ORGANIZATION NAME:           	02 Finance
		IRS NUMBER:				366169860
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-00346
		FILM NUMBER:		25626028

	BUSINESS ADDRESS:	
		STREET 1:		CNA
		STREET 2:		151 N. FRANKLIN
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
		BUSINESS PHONE:		3128225000

	MAIL ADDRESS:	
		STREET 1:		CNA
		STREET 2:		151 N. FRANKLIN
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
</SEC-HEADER>
<DOCUMENT>
<TYPE>13F-HR
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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  <schemaVersion>X0202</schemaVersion>
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    <submissionType>13F-HR</submissionType>
    <filerInfo>
      <liveTestFlag>LIVE</liveTestFlag>
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      <filer>
        <credentials>
          <cik>0000021175</cik>
          <ccc>XXXXXXXX</ccc>
        </credentials>
      </filer>
      <periodOfReport>12-31-2024</periodOfReport>
    </filerInfo>
  </headerData>
  <formData>
    <coverPage>
      <reportCalendarOrQuarter>12-31-2024</reportCalendarOrQuarter>
      <isAmendment>false</isAmendment>
      <filingManager>
        <name>CNA FINANCIAL CORP</name>
        <address>
          <com:street1>CNA</com:street1>
          <com:street2>151 N. FRANKLIN</com:street2>
          <com:city>CHICAGO</com:city>
          <com:stateOrCountry>IL</com:stateOrCountry>
          <com:zipCode>60606</com:zipCode>
        </address>
      </filingManager>
      <reportType>13F HOLDINGS REPORT</reportType>
      <form13FFileNumber>028-00346</form13FFileNumber>
      <provideInfoForInstruction5>Y</provideInfoForInstruction5>
      <additionalInformation>Assets reported herein are described as having shared investment discretion among Loews Corporation, CNA Financial Corporation, The Continental Corporation and Continental Casualty Company. Each of the foregoing entities specifically disclaims ownership of any securities in this report which are not beneficially owned by that entity and states that such assets are solely under the control of its board of directors. The characterization of shared investment discretion with parent holding companies is made solely as a consequence of SEC interpretations regarding control of the subsidiary through share ownership. As of 12/31/2024, Loews Corporation owned approximately 92% of the outstanding shares of CNA Financial Corporation; CNA Financial Corporation owned 100% of the outstanding shares of The Continental Corporation; and The Continental Corporation owned 100% of the outstanding shares of Continental Casualty Company. Loews Corporation will report separately on securities over which it has investment discretion which are not part of this report.</additionalInformation>
    </coverPage>
    <signatureBlock>
      <name>Amy Smith</name>
      <title>Senior Vice President and Chief Accounting Officer</title>
      <phone>312-822-5149</phone>
      <signature>Amy Smith</signature>
      <city>Chicago</city>
      <stateOrCountry>IL</stateOrCountry>
      <signatureDate>02-14-2025</signatureDate>
    </signatureBlock>
    <summaryPage>
      <otherIncludedManagersCount>3</otherIncludedManagersCount>
      <tableEntryTotal>14</tableEntryTotal>
      <tableValueTotal>161272003</tableValueTotal>
      <isConfidentialOmitted>false</isConfidentialOmitted>
      <otherManagers2Info>
        <otherManager2>
          <sequenceNumber>1</sequenceNumber>
          <otherManager>
            <form13FFileNumber>028-00217</form13FFileNumber>
            <name>Loews Corporation</name>
          </otherManager>
        </otherManager2>
        <otherManager2>
          <sequenceNumber>2</sequenceNumber>
          <otherManager>
            <form13FFileNumber>028-00172</form13FFileNumber>
            <name>The Continental Corporation</name>
          </otherManager>
        </otherManager2>
        <otherManager2>
          <sequenceNumber>3</sequenceNumber>
          <otherManager>
            <form13FFileNumber>028-00387</form13FFileNumber>
            <name>Continental Casualty Company</name>
          </otherManager>
        </otherManager2>
      </otherManagers2Info>
    </summaryPage>
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<DOCUMENT>
<TYPE>INFORMATION TABLE
<SEQUENCE>2
<FILENAME>information_table.xml
<DESCRIPTION>INFORMATION TABLE
<TEXT>
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<?xml version="1.0" encoding="UTF-8"?><informationTable xmlns="http://www.sec.gov/edgar/document/thirteenf/informationtable" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"><infoTable><nameOfIssuer>ALPHABET INC</nameOfIssuer><titleOfClass>CAP STK CL A</titleOfClass><cusip>02079K305</cusip><figi>BBG009S4MT03</figi><value>8991750</value><shrsOrPrnAmt><sshPrnamt>47500</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>1,2,3</otherManager><votingAuthority><Sole>0</Sole><Shared>47500</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>APOLLO GLOBAL MGMT INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>03769M106</cusip><figi>BBG011Y7QJ21</figi><value>19819200</value><shrsOrPrnAmt><sshPrnamt>120000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>1,2,3</otherManager><votingAuthority><Sole>0</Sole><Shared>120000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ARROW ELECTRS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>042735100</cusip><figi>BBG000BCD5L1</figi><value>9275840</value><shrsOrPrnAmt><sshPrnamt>82000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>1,2,3</otherManager><votingAuthority><Sole>0</Sole><Shared>82000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BERRY GLOBAL GROUP INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>08579W103</cusip><figi>BBG002S8JL91</figi><value>9700500</value><shrsOrPrnAmt><sshPrnamt>150000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>1,2,3</otherManager><votingAuthority><Sole>0</Sole><Shared>150000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BLUE OWL CAP CORP III</nameOfIssuer><titleOfClass>COM SHS</titleOfClass><cusip>69122G102</cusip><figi>BBG01L54DRV0</figi><value>7387438</value><shrsOrPrnAmt><sshPrnamt>512305</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>1,2,3</otherManager><votingAuthority><Sole>0</Sole><Shared>512305</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CHENIERE ENERGY INC</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>16411R208</cusip><figi>BBG000C3HV48</figi><value>19768040</value><shrsOrPrnAmt><sshPrnamt>92000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>1,2,3</otherManager><votingAuthority><Sole>0</Sole><Shared>92000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>D R HORTON INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>23331A109</cusip><figi>BBG000DQTZG1</figi><value>2796400</value><shrsOrPrnAmt><sshPrnamt>20000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>1,2,3</otherManager><votingAuthority><Sole>0</Sole><Shared>20000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ELEVANCE HEALTH INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>036752103</cusip><figi>BBG000BCGBK6</figi><value>7378000</value><shrsOrPrnAmt><sshPrnamt>20000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>1,2,3</otherManager><votingAuthority><Sole>0</Sole><Shared>20000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ENERGY TRANSFER L P</nameOfIssuer><titleOfClass>COM UT LTD PTN</titleOfClass><cusip>29273V100</cusip><figi>BBG000BM2JF8</figi><value>13713000</value><shrsOrPrnAmt><sshPrnamt>700000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>1,2,3</otherManager><votingAuthority><Sole>0</Sole><Shared>700000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ENTERPRISE PRODS PARTNERS L</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>293792107</cusip><figi>BBG000BR31S1</figi><value>31360000</value><shrsOrPrnAmt><sshPrnamt>1000000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>1,2,3</otherManager><votingAuthority><Sole>0</Sole><Shared>1000000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>FERGUSON ENTERPRISES INC</nameOfIssuer><titleOfClass>COMMON STOCK NEW</titleOfClass><cusip>31488V107</cusip><figi>BBG01NMT2H37</figi><value>7984220</value><shrsOrPrnAmt><sshPrnamt>46000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>1,2,3</otherManager><votingAuthority><Sole>0</Sole><Shared>46000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>GOLDMAN SACHS GROUP INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>38141G104</cusip><figi>BBG000C6CH10</figi><value>7730370</value><shrsOrPrnAmt><sshPrnamt>13500</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>1,2,3</otherManager><votingAuthority><Sole>0</Sole><Shared>13500</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>META PLATFORMS INC</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>30303M102</cusip><figi>BBG002GPKKZ7</figi><value>11417445</value><shrsOrPrnAmt><sshPrnamt>19500</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>1,2,3</otherManager><votingAuthority><Sole>0</Sole><Shared>19500</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TAIWAN SEMICONDUCTOR MFG LTD</nameOfIssuer><titleOfClass>SPONSORED ADS</titleOfClass><cusip>874039100</cusip><figi>BBG000BD90Z0</figi><value>3949800</value><shrsOrPrnAmt><sshPrnamt>20000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>1,2,3</otherManager><votingAuthority><Sole>0</Sole><Shared>20000</Shared><None>0</None></votingAuthority></infoTable></informationTable><!-- Other Managers: 1|Loews Corporation|028-00217|||^2|The Continental Corporation|028-00172|||^3|Continental Casualty Company|028-00387||| --><!-- tableEntryCount=14 tableValueTotal=161272003 -->
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