Key Developments: CNA Financial Corp (CNA)

CNA on New York Consolidated

42.58USD
17 Apr 2014
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$-0.01 (-0.02%)
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Latest Key Developments (Source: Significant Developments)

CNA Financial Corp prices $550 million offering of senior notes
Monday, 24 Feb 2014 07:23pm EST 

CNA Financial Corp:Says it has priced $550 million aggregate principal amount of 3.950 pct senior notes due May 15, 2024 in a public offering.Says notes were offered to the public at 99.988 pct of the principal amount with a yield to maturity of 3.952 pct.Says the company expects the offering to close on Feb. 27, 2014.Says it intends to use proceeds from the offering, $545.6 million, to repurchase, redeem, repay or otherwise retire the $549 million outstanding aggregate principal balance of its 5.850 pct senior notes due Dec. 15, 2014.Says pending such application, company intends to invest the net proceeds of this offering in short-term interest-bearing securities.Says Barclays, Citigroup, Wells Fargo Securities, J.P. Morgan and US Bancorp are acting as joint book-running managers for the offering.  Full Article

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

CNA Financial Corp Declares Quarterly Dividend
Monday, 28 Oct 2013 06:00am EDT 

CNA Financial Corp announced that the Board has declared a quarterly dividend of $0.20 per share, payable November 26, 2013 to stockholders of record on November 12, 2013.  Full Article

CNA Financial Corp Declares Quarterly Dividend
Monday, 29 Jul 2013 06:00am EDT 

CNA Financial Corp announced that it has declared a quarterly dividend of $0.20 per share, payable August 28, 2013 to stockholders of record on August 12, 2013.  Full Article

CNA Financial Corp Declares Quarterly Dividend
Monday, 29 Apr 2013 06:00am EDT 

CNA Financial Corp announced that it declared a quarterly dividend of $0.20 per share, payable May 29, 2013 to stockholders of record on May 13, 2013.  Full Article

CNA Financial Corp Declares Quarterly Dividend
Monday, 11 Feb 2013 06:01am EST 

CNA Financial Corp announced that it declared a quarterly dividend of $0.20 per share, payable March 7, 2013 to stockholders of record on February 21, 2013.  Full Article

CNA Financial Corp Announces Sale Of Surety Company & Agency To California Contractors Insurance Services
Thursday, 27 Dec 2012 01:00pm EST 

CNA Financial Corp announced that it has completed the sale of SUR Insurance Agency, Inc. (SUR) and The Bond Exchange (TBE) to California Contractors Insurance Services (CCIS) effective December 14, 2012.  Full Article

CNA Financial Corp Declares Dividend
Monday, 29 Oct 2012 06:00am EDT 

CNA Financial Corp announced that the Board of Director declared a quarterly dividend of $0.15 per share, payable November 29, 2012 to stockholders of record on November 13, 2012.  Full Article

CNA Financial Corp Announces Declaration Of Quarterly Dividend
Monday, 30 Jul 2012 06:00am EDT 

CNA Financial Corp announced a declaration of a quarterly dividend of $0.15 per share, payable August 29, 2012 to stockholders of record on August 13, 2012.  Full Article

Fitch Rates CNA's New Senior Debt Issue due 2024 'BBB'

(The following statement was released by the rating agency) CHICAGO, February 26 (Fitch) Fitch Ratings has affirmed CNA Financial Corporation's (CNA) Issuer Default Rating (IDR) at 'BBB+' and its senior unsecured debt at 'BBB'. Fitch has assigned a 'BBB' rating to CNA's 3.95% $550 million senior unsecured debt issuance that matures in 2024. Also, Fitch has affirmed the Insurer Financial Strength (IFS) ratings of CNA's property/casualty insurance subsidiaries at 'A'. The Rating Outlook for a

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