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CNA Financial

CNA Financial Corporation
Company nameCNA Financial Corporation
Company typePublic (NYSE - CNA)
Founded1967 (parent company),
1897 (principal operating company)
HeadquartersChicago, Illinois, U.S.
Key peopleThomas F. Motamed, Chairman and CEO
Revenue$9,862 million
Operating income$1.06 billion
Net income$851 million (2007)
Employeesroughly 7,000
ParentLoews Corporation

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CNA Financial Corporation (NYSE - CNA) is a financial corporation based in Chicago, Illinois, United States, and noted for its 600 ft (182.9 m) tall red headquarters building, CNA Center. Its principal subsidiary, Continental Casualty Company (CCC) was founded in 1897. CNA (the parent company) was incorporated in 1967. The primary business focus of CNA is to provide commercial property and casualty insurance to businesses and professionals. CNA markets its products and services primarily through independent agents and brokers.

CNA itself is 89% owned by a holding company, Loews Corporation. This holding company also has interests in offshore oil and gas drilling rigs, natural gas transmission pipelines, tobacco, and in hotel operations.

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