Key Developments: CNA Financial Corp (CNA.N)

CNA.N on New York Stock Exchange

27 Nov 2015
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Latest Key Developments (Source: Significant Developments)

CNA Financial Corp announces sale of Life & Group subsidiary to Wilton Re
Monday, 10 Feb 2014 06:15am EST 

CNA Financial Corp:Says it has entered into a definitive agreement to sell 100% of the common stock of Continental Assurance Company (CAC), an indirect, wholly owned life insurance subsidiary consisting primarily of structured settlement and group annuities, to a subsidiary of Wilton Re Holdings Limited.Says inclusive of tax benefits, the transaction is expected to result in net proceeds of about $615 mln, a portion of which will be received in the form of a dividend from CAC immediately prior to closing.The closing of the transaction is expected to occur in the Q2 2014.  Full Article

CNA Financial Corp declares dividends
Monday, 10 Feb 2014 06:00am EST 

CNA Financial Corp:Declares a special dividend of $1.00 per share and a quarterly dividend of $0.25 per share.The dividends is to be paid on Mar 12 to stockholders of record on Feb 24.  Full Article


Loews profit falls 12.5 percent as insurance, drilling units weigh

Hotel, energy and financial services conglomerate Loews Corp reported a 12.5 percent drop in quarterly profit, hurt by lower revenue from its two major units - multiline insurer CNA Financial Corp and Diamond Offshore Drilling Inc .

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