FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 2012
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 Corporation
Address: 333 S. Wabash
Chicago,IL 60604
13F File Number: 28-346
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: Lawrence J. Boysen
Title: Senior Vice President and Corporate Controller
Phone: (312) 822 5653
Signature, Place, and Date of Signing:
/s/ Lawrence J. Boysen Chicago, IL 08/14/2012
--------------------------------- --------------------------------- ----------
[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. Loews Corporation owns approximately 90%
of the outstanding shares of CNA Financial Corporation; CNA
Financial Corporation owns 100% of the outstanding shares of
The Continental Corporation; and The Continental Corporation owns
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.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 3
Form 13F Information Table Entry Total: 168
Form 13F Information Table Value Total: $379,934 (in thousands)
List of Other Included Managers:
No. 13F File Number Name
1 28-217 Loews Corporation
2 28-172 The Continental Corporation
3 28-387 Continental Casualty Company
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
ABBOTT LABORATORIES COM 002824100 2,898 44,950 SH DEFINED 1,2,3 44,950
ACTUANT CORP CL A 00508X203 1,483 54,600 SH DEFINED 1,2,3 54,600
AEROPOSTALE INC COM 007865108 880 49,375 SH DEFINED 1,2,3 49,375
ALLSTATE CORPORATION COM 020002101 2,210 62,975 SH DEFINED 1,2,3 62,975
AMERICAN EQUITY INVT LIFE COM 025676206 1,023 92,925 SH DEFINED 1,2,3 92,925
AMERICAN INTERNATIONAL GRP COM 026874784 1,810 56,400 SH DEFINED 1,2,3 56,400
AMERICAN REPROGRAPHICS CO COM 029263100 656 130,375 SH DEFINED 1,2,3 130,375
AMGEN INC COM 031162100 3,646 50,000 SH DEFINED 1,2,3 50,000
ANADARKO PETROLEUM CORP COM 032511107 9,301 140,500 SH DEFINED 1,2,3 140,500
APACHE CORP COM 037411105 5,713 65,000 SH DEFINED 1,2,3 65,000
APOLLO GLOBAL MANAGEMENT CL A 037612306 418 33,700 SH DEFINED 1,2,3 33,700
APOLLO GROUP INC CL A 037604105 2,135 59,000 SH DEFINED 1,2,3 59,000
ARGAN INC COM 04010E109 184 13,195 SH DEFINED 1,2,3 13,195
ARGO GROUP INTERNATIONAL COM G0464B107 1,327 45,350 SH DEFINED 1,2,3 45,350
ARTHUR J GALLAGHER & CO COM 363576109 768 21,900 SH DEFINED 1,2,3 21,900
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
ARTIO GLOBAL INVESTORS INC CL A 04315B107 228 65,200 SH DEFINED 1,2,3 65,200
ASPEN INSURANCE HOLDINGS SHS G05384105 1,168 40,400 SH DEFINED 1,2,3 40,400
ASSURANT INC COM 04621X108 2,787 80,000 SH DEFINED 1,2,3 80,000
AVNET INC COM 053807103 2,932 95,025 SH DEFINED 1,2,3 95,025
BAKER HUGHES INC COM 057224107 1,408 34,250 SH DEFINED 1,2,3 34,250
BANK OF AMERICA CORP COM 060505104 928 113,425 SH DEFINED 1,2,3 113,425
BANK OF NEW YORK COM 064058100 2,748 125,192 SH DEFINED 1,2,3 125,192
BARRICK GOLD CORP COM 067901108 3,640 96,886 SH DEFINED 1,2,3 96,886
BAXTER INTL COM 071813109 1,026 19,308 SH DEFINED 1,2,3 19,308
BBCN BANCORP INC COM 073295107 1,307 120,000 SH DEFINED 1,2,3 120,000
BLUEKNIGHT ENERGY PARTNERS COM 09625U109 2,273 341,310 SH DEFINED 1,2,3 341,310
BP PLC SPONS 055622104 2,255 55,614 SH DEFINED 1,2,3 55,614
BRADY CORPORATION CL A 104674106 1,675 60,875 SH DEFINED 1,2,3 60,875
CABOT OIL & GAS CORP COM 127097103 1,241 31,500 SH DEFINED 1,2,3 31,500
CAL DIVE INTERNATIONAL INC COM 12802T101 365 125,800 SH DEFINED 1,2,3 125,800
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
CALLAWAY GOLF COMPANY COM 131193104 169 28,600 SH DEFINED 1,2,3 28,600
CANADIAN NATURAL RESOURCES COM 136385101 537 20,000 SH DEFINED 1,2,3 20,000
CAPITAL LEASE FUNDING INC COM 140288101 915 220,387 SH DEFINED 1,2,3 220,387
CAPITAL PRODUCT PARTNERS COM Y11082107 575 76,000 SH DEFINED 1,2,3 76,000
CARPENTER TECHNOLOGY COM 144285103 297 6,200 SH DEFINED 1,2,3 6,200
CASTLE (A.M.) & CO COM 148411101 423 39,800 SH DEFINED 1,2,3 39,800
CIRCOR INTERNATIONAL INC COM 17273K109 1,078 31,625 SH DEFINED 1,2,3 31,625
CITIGROUP INC COM 172967424 3,931 143,414 SH DEFINED 1,2,3 143,414
CNO FINANCIAL GROUP INC COM 12621E103 1,880 241,075 SH DEFINED 1,2,3 241,075
COCA COLA CO COM 191216100 649 8,300 SH DEFINED 1,2,3 8,300
COLLECTIVE BRANDS INC COM 19421W100 315 14,700 SH DEFINED 1,2,3 14,700
COMCAST CORP CL A 20030N200 7,850 250,000 SH DEFINED 1,2,3 250,000
COMPUTER SCIENCES CORP COM 205363104 1,670 67,275 SH DEFINED 1,2,3 67,275
CONSTELLATION ENERGY PART CL B 21038E101 285 180,260 SH DEFINED 1,2,3 180,260
CON-WAY INC COM 205944101 1,137 31,475 SH DEFINED 1,2,3 31,475
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
CURTISS-WRIGHT CORP COM 231561101 1,002 32,275 SH DEFINED 1,2,3 32,275
DELL COMPUTER CORP COM 24702R101 1,822 145,675 SH DEFINED 1,2,3 145,675
DELPHI AUTOMOTIVE PLC SHS G27823106 598 23,450 SH DEFINED 1,2,3 23,450
DENBURY RESOURCES INC COM 247916208 2,342 155,000 SH DEFINED 1,2,3 155,000
DEVON ENERGY CORP COM 25179M103 4,668 80,500 SH DEFINED 1,2,3 80,500
DEVRY INC COM 251893103 813 26,250 SH DEFINED 1,2,3 26,250
DIAMONDROCK HOSPITALITY CO COM 252784301 1,307 128,171 SH DEFINED 1,2,3 128,171
DIODES INC COM 254543101 1,327 70,675 SH DEFINED 1,2,3 70,675
ENERSYS COM 29275Y102 763 21,750 SH DEFINED 1,2,3 21,750
ENSCO INTERNATIONAL INC SPONS 29358Q109 2,818 60,000 SH DEFINED 1,2,3 60,000
ENTERGY CORP COM 29364G103 1,896 27,925 SH DEFINED 1,2,3 27,925
EOG RESOURCES INC COM 26875P101 901 10,000 SH DEFINED 1,2,3 10,000
EXXON MOBIL CORP COM 30231G102 1,876 21,925 SH DEFINED 1,2,3 21,925
EZCORP INC CL A 302301106 957 40,800 SH DEFINED 1,2,3 40,800
FEDEX CORPORATION COM 31428X106 7,649 83,500 SH DEFINED 1,2,3 83,500
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
FIRST AMERICAN FINANCIAL COM 31847R102 537 31,675 SH DEFINED 1,2,3 31,675
FORTUNE BRANDS HOME & SEC COM 34964C106 3,799 170,600 SH DEFINED 1,2,3 170,600
FRANKLIN RESOURCES INC COM 354613101 1,446 13,025 SH DEFINED 1,2,3 13,025
GENERAL MOTORS WARRANT 37045V118 546 49,558 SH DEFINED 1,2,3 49,558
GENON ENERGY INC COM 37244E107 1,160 678,164 SH DEFINED 1,2,3 678,164
GLOBAL CASH ACCESS INC COM 378967103 1,056 146,416 SH DEFINED 1,2,3 146,416
GLOBAL INDEMNITY PLC SHS G39319101 353 17,408 SH DEFINED 1,2,3 17,408
GOLDMAN SACHS GROUP INC COM 38141G104 1,318 13,750 SH DEFINED 1,2,3 13,750
GOOGLE INC CL A 38259P508 2,674 4,610 SH DEFINED 1,2,3 4,610
GRAY TELEVISION INC COM 389375106 620 421,444 SH DEFINED 1,2,3 421,444
GREAT PLAINS ENERGY INC COM 391164100 413 19,300 SH DEFINED 1,2,3 19,300
GRIFFON CORPORATION COM 398433102 1,085 126,419 SH DEFINED 1,2,3 126,419
HALOZYME THERAPEUTICS INC COM 40637H109 332 37,525 SH DEFINED 1,2,3 37,525
HARSCO CORP COM 415864107 1,213 59,500 SH DEFINED 1,2,3 59,500
HARTE-HANKS INC COM 416196103 1,798 196,750 SH DEFINED 1,2,3 196,750
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
HARTFORD FINANCIAL SVCS GRP COM 416515104 882 50,000 SH DEFINED 1,2,3 50,000
HESS CORP COM 42809H107 1,853 42,650 SH DEFINED 1,2,3 42,650
HEWLETT-PACKARD CO COM 428236103 6,138 305,233 SH DEFINED 1,2,3 305,233
HOSPITALITY PROPERTIES COM SHS 44106M102 2,307 93,125 SH DEFINED 1,2,3 93,125
HUNTINGTON INGALLS IND COM 446413106 1,845 45,850 SH DEFINED 1,2,3 45,850
ICONIX BRAND GROUP INC COM 451055107 713 40,800 SH DEFINED 1,2,3 40,800
INGERSOLL RAND CO SHS G47791101 2,091 49,570 SH DEFINED 1,2,3 49,570
INNOSPEC INC COM 45768S105 637 21,498 SH DEFINED 1,2,3 21,498
INSIGHT ENTERPRISES INC COM 45765U103 512 30,428 SH DEFINED 1,2,3 30,428
INTERNATIONAL BUSINESS MACH COM 459200101 23,607 120,705 SH DEFINED 1,2,3 120,705
INTERVAL LEISURE GROUP COM 46113M108 293 15,435 SH DEFINED 1,2,3 15,435
INVESCO LTD SHS G491BT108 1,418 62,725 SH DEFINED 1,2,3 62,725
JAKKS PACIFIC INC COM 47012E106 641 40,025 SH DEFINED 1,2,3 40,025
JOHNSON & JOHNSON COM 478160104 4,831 71,505 SH DEFINED 1,2,3 71,505
JONES APPAREL GROUP INC COM 48020T101 1,368 143,075 SH DEFINED 1,2,3 143,075
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
JPMORGAN CHASE & COMPANY COM 46625H100 4,866 136,175 SH DEFINED 1,2,3 136,175
KAISER ALUMINUM CORP COM 483007704 394 7,600 SH DEFINED 1,2,3 7,600
KAPSTONE PAPER & PACKAGING COM 48562P103 314 19,800 SH DEFINED 1,2,3 19,800
L-3 COMMUNICATIONS CORP COM 502424104 2,133 28,825 SH DEFINED 1,2,3 28,825
LEGG MASON INC COM 524901105 2,592 98,299 SH DEFINED 1,2,3 98,299
LENNAR CORP - B SHS CL B 526057302 418 17,380 SH DEFINED 1,2,3 17,380
LIFE TECHNOLOGIES CORP COM 53217V109 2,163 48,075 SH DEFINED 1,2,3 48,075
LINCOLN NATIONAL CORP IND COM 534187109 3,937 180,000 SH DEFINED 1,2,3 180,000
MASCO CORPORATION COM 574599106 1,890 136,250 SH DEFINED 1,2,3 136,250
MCGRAW HILL COMPANIES INC COM 580645109 1,484 32,985 SH DEFINED 1,2,3 32,985
MEDTRONIC INC COM 585055106 2,244 57,935 SH DEFINED 1,2,3 57,935
MERCK & CO. INC. COM 58933Y105 6,719 160,932 SH DEFINED 1,2,3 160,932
METLIFE INC COM 59156R108 4,331 140,400 SH DEFINED 1,2,3 140,400
MI DEVELOPMENTS INC CL A 55304X104 1,051 31,000 SH DEFINED 1,2,3 31,000
MICROSOFT CORP COM 594918104 9,391 307,005 SH DEFINED 1,2,3 307,005
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
MILLER INDUSTRIES INC/TENN COM 600551204 175 10,962 SH DEFINED 1,2,3 10,962
MOHAWK INDUSTRIES INC COM 608190104 1,658 23,750 SH DEFINED 1,2,3 23,750
MONSTER WORLDWIDE INC COM 611742107 899 108,150 SH DEFINED 1,2,3 108,150
MORGAN ST DEAN WITTER DISC COM 617446448 1,071 73,425 SH DEFINED 1,2,3 73,425
MOTOROLA INC COM 620076307 908 18,877 SH DEFINED 1,2,3 18,877
MUELLER WATER PRODUCTS INC COM 624758108 1,003 289,975 SH DEFINED 1,2,3 289,975
NATL PENN BCSHS INC COM 637138108 1,310 137,250 SH DEFINED 1,2,3 137,250
NELNET INC-CL A CL A 64031N108 334 14,500 SH DEFINED 1,2,3 14,500
NORTHROP GRUMMAN CORP COM 666807102 3,158 49,500 SH DEFINED 1,2,3 49,500
NV ENERGY INC COM 67073Y106 454 25,800 SH DEFINED 1,2,3 25,800
OCCIDENTAL PETROLEUM COM 674599105 7,719 90,000 SH DEFINED 1,2,3 90,000
OFFICEMAX INC COM 67622P101 543 107,250 SH DEFINED 1,2,3 107,250
OMNICOM GROUP COM 681919106 1,875 38,575 SH DEFINED 1,2,3 38,575
ORACLE CORP COM 68389X105 11,526 388,065 SH DEFINED 1,2,3 388,065
OVERHILL FARMS INC COM 690212105 167 42,618 SH DEFINED 1,2,3 42,618
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
OWENS CORNING COM 690742101 1,692 59,300 SH DEFINED 1,2,3 59,300
PACIFIC ETHANOL INC COM 69423U206 352 992,389 SH DEFINED 1,2,3 992,389
PAR PHARMACEUTICAL COS INC COM 69888P106 369 10,200 SH DEFINED 1,2,3 10,200
PARK STERLING CORP COM 70086Y105 484 102,666 SH DEFINED 1,2,3 102,666
PARTNERRE LTD COM G6852T105 2,106 27,825 SH DEFINED 1,2,3 27,825
PFIZER INC COM 717081103 4,600 200,000 SH DEFINED 1,2,3 200,000
PHH CORP COM 693320202 1,380 78,950 SH DEFINED 1,2,3 78,950
PHOTOMEDEX INC COM 719358301 1,273 104,770 SH DEFINED 1,2,3 104,770
PIKE ELECTRIC CORP COM 721283109 446 57,750 SH DEFINED 1,2,3 57,750
PIONEER NATURAL RESOURCES COM 723787107 3,528 40,000 SH DEFINED 1,2,3 40,000
PITNEY-BOWES INC COM 724479100 1,168 78,046 SH DEFINED 1,2,3 78,046
PNC FINANCIAL CORP COM 693475105 1,556 25,469 SH DEFINED 1,2,3 25,469
PORTLAND GENERAL ELECTRIC COM 736508847 414 15,525 SH DEFINED 1,2,3 15,525
PRIMERICA INC COM 74164M108 1,530 57,250 SH DEFINED 1,2,3 57,250
PROTECTIVE LIFE CORP COM 743674103 538 18,300 SH DEFINED 1,2,3 18,300
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
RENT-A-CENTER INC COM 76009N100 1,162 34,475 SH DEFINED 1,2,3 34,475
RENTECH NITROGEN PARTNERS COM 760113100 8,168 296,900 SH DEFINED 1,2,3 296,900
ROYAL DUTCH SHELL PLC SPONS 780259206 2,445 36,266 SH DEFINED 1,2,3 36,266
SEALY CORP SR SECD 812139400 298 5,114 SH DEFINED 1,2,3 5,114
SEARS HOLDINGS CORP COM 812350106 1,043 17,465 SH DEFINED 1,2,3 17,465
SKECHERS USA INC CL A 830566105 918 45,067 SH DEFINED 1,2,3 45,067
SPDR GOLD TRUST SHS 78463V107 38,798 250,000 SH DEFINED 1,2,3 250,000
STAPLES INC COM 855030102 5,930 454,422 SH DEFINED 1,2,3 454,422
STATE STREET CORP COM 857477103 1,312 29,400 SH DEFINED 1,2,3 29,400
SUPERIOR ENERGY SERVICES INCCOM 868157108 204 10,100 SH DEFINED 1,2,3 10,100
TCF FINANCIAL CORP COM 872275102 1,236 107,675 SH DEFINED 1,2,3 107,675
TE CONNECTIVITY LTD REG SHS H84989104 1,757 55,075 SH DEFINED 1,2,3 55,075
TENET HEALTHCARE CORP COM 88033G100 183 34,900 SH DEFINED 1,2,3 34,900
THERMO FISHER SCIENTIFIC COM 883556102 2,900 55,858 SH DEFINED 1,2,3 55,858
THOR INDUSTRIES INC COM 885160101 952 34,725 SH DEFINED 1,2,3 34,725
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
TRANSMONTAIGNE PARTNERS COM 89376V100 738 22,200 SH DEFINED 1,2,3 22,200
TRAVELERS COS INC COM 89417E109 8,938 140,000 SH DEFINED 1,2,3 140,000
TUTOR PERINI CORP COM 901109108 839 66,250 SH DEFINED 1,2,3 66,250
UFP TECHNOLOGIES INC COM 902673102 438 25,943 SH DEFINED 1,2,3 25,943
UNITED CONTINENTAL HOLDINGS COM 910047109 2,396 98,485 SH DEFINED 1,2,3 98,485
UNITED STATIONERS INC COM 913004107 900 33,400 SH DEFINED 1,2,3 33,400
UNUM CORP COM 91529Y106 851 44,500 SH DEFINED 1,2,3 44,500
URANIUM ENERGY CORP COM 916896103 646 281,900 SH DEFINED 1,2,3 281,900
VALASSIS COMMUNICATIONS INC COM 918866104 1,899 87,300 SH DEFINED 1,2,3 87,300
VCA ANTECH INC COM 918194101 1,052 47,850 SH DEFINED 1,2,3 47,850
VIRTUS INVESTMENT PARTNERS COM 92828Q109 1,588 19,600 SH DEFINED 1,2,3 19,600
WEBSTER FINANCIAL CORP COM 947890109 1,235 57,000 SH DEFINED 1,2,3 57,000
WET SEAL INC CL A 961840105 146 46,300 SH DEFINED 1,2,3 46,300
WPX ENERGY INC COM 98212B103 1,804 111,507 SH DEFINED 1,2,3 111,507
WSFS FINANCIAL CORP COM 929328102 610 15,100 SH DEFINED 1,2,3 15,100
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
XEROX CORP COM 984121103 6,151 781,555 SH DEFINED 1,2,3 781,555
XL GROUP PLC SHS G98290102 848 40,300 SH DEFINED 1,2,3 40,300
YAHOO! INC COM 984332106 3,021 190,866 SH DEFINED 1,2,3 190,866