SEC Info - Cna Financial Corp. - ‘8-K’ for 4/21/21

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Cna Financial Corp. – ‘8-K’ for 4/21/21

On: Wednesday, 4/21/21, at 4:57pm ET · For: 4/21/21 · Accession #: 21175-21-60 · File #: 1-05823

  As Of               Filer                 Filing    For·On·As Docs:Size

 4/21/21  Cna Financial Corp.               8-K:2,9     4/21/21   13:408K

Current Report — Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     29K 
 2: EX-99.1     Miscellaneous Exhibit                               HTML     77K 
 9: R1          Cover Page Cover Page                               HTML     50K 
11: XML         IDEA XML File -- Filing Summary                      XML     12K 
 8: XML         XBRL Instance -- cna-20210421_htm                    XML     26K 
10: EXCEL       IDEA Workbook of Financial Reports                  XLSX      6K 
 4: EX-101.CAL  XBRL Calculations -- cna-20210421_cal                XML      7K 
 5: EX-101.DEF  XBRL Definitions -- cna-20210421_def                 XML     40K 
 6: EX-101.LAB  XBRL Labels -- cna-20210421_lab                      XML     83K 
 7: EX-101.PRE  XBRL Presentations -- cna-20210421_pre               XML     41K 
 3: EX-101.SCH  XBRL Schema -- cna-20210421                          XSD     12K 
12: JSON        XBRL Instance as JSON Data -- MetaLinks               14±    20K 
13: ZIP         XBRL Zipped Folder -- 0000021175-21-000060-xbrl      Zip     24K

‘8-K’ — Current Report

This is an HTML Document rendered as filed. [ Alternative Formats ]

iX: C: C:

cna-20210421

i 0000021175 i false i Common Stock, Par value $2.50 i "CNA"00000211752021-04-212021-04-210000021175exch:XNYS2021-04-212021-04-210000021175exch:XCHI2021-04-212021-04-21

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM i 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) i April 21, 2021

i CNA FINANCIAL CORPORATION


(Exact name of registrant as specified in its charter)

i Delaware

i 1-5823

i 36-6169860

(State or other jurisdiction

(Commission

(IRS Employer

of incorporation)

File Number)

Identification No.)

i 151 N. Franklin

i Chicago, i IL i 60606

(Address of principal executive offices) (Zip Code)

( i 312) i 822-5000

(Registrant's telephone number, including area code)


NOT APPLICABLE
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

i ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

i ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

i ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

i ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

i Common Stock, Par value $2.50

i "CNA"

i New York Stock Exchange

i Chicago Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company i ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

As previously disclosed in our Annual Report on Form 10-K for the year ended December 31, 2020, in the first quarter of 2021 and in connection with the ceding of certain legacy reserves under a retroactive reinsurance agreement executed in February 2021, the registrant changed the segment presentation of a legacy portfolio of excess workers’ compensation policies relating to business written in 2007 and prior. This business, which was previously reported as part of the Commercial business segment, is now reported as part of the Corporate & Other business segment. In addition, a determination was made to change the segment presentation of certain legacy mass tort reserves. Similar to the aforementioned excess workers’ compensation legacy business, these legacy mass tort reserves were previously reported in the Commercial business segment and are now reported as part of the Corporate & Other business segment.

These changes were made to better reflect the manner in which we are organized for purposes of making operating decisions and assessing performance. There was no change to the Specialty, International and Life & Group business segments. Segment data for prior reporting periods has been adjusted to reflect the new segment reporting.

The reclassification of historical segment information has no effect on the Company's previously reported consolidated results of operations, financial condition or cash flows.

On April 21, 2021, the registrant posted on its website (www.cna.com) a financial supplement providing quarterly and annual information for 2020 on its revised Commercial and Corporate & Other business segments as if the segment change occurred as of the beginning of the earliest period presented. The financial supplement is furnished as Exhibit 99.1 to this Form 8-K.

The information under Item 2.02 and in Exhibit 99.1 in this Current Report is being furnished and shall not be deemed “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information under Item 2.02 and in Exhibit 99.1 in this Current Report shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits:

See Exhibit Index.

EXHIBIT INDEX


Exhibit No.						Description
99.1						CNA Financial Corporation financial supplement, posted on its website April 21, 2021, providing supplemental financial information on its revised Commercial and Corporate & Other business segments.

104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


		CNA Financial Corporation
		(Registrant)

Date: April 21, 2021	By	/s/ *Albert J. Miralles*
		(Signature)
		Albert J. Miralles Executive Vice President and Chief Financial Officer

Dates Referenced Herein and Documents Incorporated by Reference

This ‘8-K’ Filing	Date	Other Filings

Filed on / For Period end:	4/21/21
	12/31/20	10-K, 13F-HR, 8-K
		List all Filings

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Filing Submission 0000021175-21-000060 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)