CNA FINANCIAL Business Summary

CNA Financial Corporation (CNA) is a leading global commercial property and casualty insurance provider that generates revenue primarily through the collection of written premiums and the generation of net investment income from its multi-billion dollar asset portfolio. The company organizes its operations into five primary business segments: Specialty, which provides professional and management liability as well as other niche coverages; Commercial, focusing on property and casualty products for small to mid-sized businesses; International, serving markets in Canada, Europe, and Asia; Life & Group; and Corporate & Other. CNA maintains a dominant position in the large-cap insurance market, competing directly with industry giants such as Chubb Limited, The Travelers Companies, The Hartford, and Arch Capital Group by leveraging its deep underwriting expertise and specialized risk management services. Following a strategic leadership transition effective January 1, 2026, Douglas M. Worman serves as both Chairman of the Board and Chief Executive Officer, bringing a distinguished pedigree in global underwriting and executive management to the role. The executive leadership team is further anchored by Scott R. Lindquist as Executive Vice President and Chief Financial Officer, alongside key segment leaders including David Haas (President, Global Specialty) and Michael Nardiello (President, Global Property & Casualty). Founded in 1897, the modern iteration of the company is defined by its long-standing relationship with Loews Corporation, which maintains a controlling interest of approximately 92% in CNA. This ownership structure ensures significant board-level influence from the Tisch family, with notable members James S. Tisch, Andrew H. Tisch, and Benjamin J. Tisch serving as directors and providing a stable, long-term capital foundation for the corporation.