CNA Financial Corporation is one of the largest commercial property and casualty (P&C) insurance organizations in the United States. The company operates through three core P&C segments: Specialty, Commercial, and International. The Specialty segment provides management and professional liability, surety, warranty, and alternative risk coverages to various professional firms, including those in the healthcare, technology, and construction sectors. The Commercial segment offers standard and excess property, workers' compensation, general liability, and commercial auto insurance to small and middle-market businesses. The International segment underwrites P&C coverage globally through branches in Canada, the UK, and Continental Europe, including operations through a Lloyd's syndicate. Additionally, CNA manages a Life & Group segment, which primarily consists of a run-off long-term care business.
The company generates revenue primarily through insurance premiums and investment income from its substantial fixed-income portfolio. In 2024, the P&C segments generated the vast majority of the company's core income, underscoring its focus on commercial property and casualty lines. CNA distributes its products through a vast network of independent agents, brokers, and managing general underwriters. Loews Corporation is the majority shareholder, owning approximately 90% of CNA's outstanding stock, which provides significant institutional backing and stability to its operations while the remaining shares trade publicly on the New York Stock Exchange.
