[13F-HR] CNA Financial Corporation SEC Filing

Rhea-AI Filing Summary

CNA Financial Corporation filed a Form 13F reporting holdings for the quarter ended 06-30-2025. The report shows 14 information-table entries with a total value of $194,902,733. The filing indicates shared investment discretion among Loews Corporation, CNA Financial Corporation, The Continental Corporation and Continental Casualty Company, and notes Loews owned approximately 92% of CNA.

Positive

• Total holdings value disclosed: $194,902,733 provides a clear aggregate figure for the reporting period
• Clear ownership and discretion disclosures showing Loews ~92% ownership of CNA and full ownership links through subsidiaries

Negative

• No individual holdings are included in the provided excerpt; only summary totals and counts are shown
• Limited portfolio detail prevents assessment of position-level concentration, sector exposure, or changes versus prior filings

Insights

Financial Analyst

TL;DR: Routine 13F disclosure showing $194.9M in aggregate holdings for Q2 2025; excerpt lacks individual position detail.

The Form 13F summary reports $194,902,733 in holdings across 14 entries for the period ended 06-30-2025. The filing is signed by Amy Smith as Senior Vice President and Chief Accounting Officer on 08-14-2025. The provided excerpt does not include the individual security listings or weights, so portfolio composition and concentration cannot be assessed from this content alone.

Corporate Governance Expert

TL;DR: Disclosure clarifies shared investment discretion and ownership chain among Loews and its subsidiaries; no material governance concerns evident in excerpt.

The filing explicitly states shared investment discretion among Loews Corporation, CNA Financial Corporation, The Continental Corporation and Continental Casualty Company, and discloses that Loews owned approximately 92% of CNA as of 06-30-2025. It also notes CNA and The Continental each own 100% of the next subsidiary in the chain. Loews will report separately on securities outside this report’s scope.

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE

OMB APPROVAL

OMB Number:			3235-0006
Estimated average burden
hours per response:			23.8

Report for the Calendar Year or Quarter Ended: 06-30-2025

Check here if Amendment		Amendment Number:
This Amendment (Check only one.):		is a restatement.
		adds new holdings entries.

Institutional Investment Manager Filing this Report:
Name:	CNA FINANCIAL CORP
Address:	CNA
	151 N. FRANKLIN
	CHICAGO, IL 60606
Form 13F File Number:	028-00346
CRD Number (if applicable):
SEC File Number (if applicable):

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:
Name:		Amy Smith
Title:		Senior Vice President and Chief Accounting Officer
Phone:		312-822-5149
Signature, Place, and Date of Signing:
Amy Smith			Chicago, IL	08-14-2025
[Signature]			[City, State]	[Date]
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 6/30/2025, 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.

Report Type (Check only one.):
X	13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)
	13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)
	13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

Form 13F Summary Page
	Report Summary:
	Number of Other Included Managers:		3
	Form 13F Information Table Entry Total:		14
	Form 13F Information Table Value Total:		194,902,733
			(round to nearest dollar)

List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]
	No.	Name	Form 13F File No.	CRD No. (if applicable)	SEC File No. (if applicable)	CIK
	1	Loews Corporation	028-00217
	2	The Continental Corporation	028-00172
	3	Continental Casualty Company	028-00387

FAQ

What period does the CNA (CNA) Form 13F cover?

The filing covers the quarter ended 06-30-2025.

What is the total value reported on CNA's 13F for Q2 2025?

The Form 13F information table value total is $194,902,733 (rounded to the nearest dollar).

How many holdings entries does CNA report in this 13F?

The report lists 14 Form 13F information-table entries.

Who signed the CNA 13F filing and when?

The report was signed by Amy Smith, Senior Vice President and Chief Accounting Officer, with a signature date of 08-14-2025.

Which other managers are included with shared investment discretion?

The filing names three other included managers: Loews Corporation, The Continental Corporation, and Continental Casualty Company.