Who Owns CNA Financial?
CNA Financial (NYSE: CNA) is a majority-owned subsidiary of Loews Corporation (NYSE: L), which holds roughly 90% of the commercial insurer. Founded in 1897, CNA is one of the ten largest U.S. commercial property and casualty insurers, reporting fiscal 2025 net income of $1.28 billion and core income of $1.34 billion.
CNA Financial Timeline
United StatesOfficial Website
Who Owns CNA Financial?
- Parent Company: Loews Corporation
- Ownership Type: Subsidiary
- Acquisition Year: 1974
- Company Type: Publicly Traded
- Stock Ticker: NYSE: L
| Brand | Parent Company | Ownership Type |
|---|---|---|
| CNA Financial | Loews Corporation | Subsidiary |
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History of CNA Financial
- Founded: 1897
- Founders: Continental Casualty Company (founding entity)
- Acquired by Loews Corporation: 1974
The company began as Continental Casualty Company in Detroit in 1897, one of the earliest U.S. accident insurers. Through mergers it became CNA Financial, the name reflecting the Continental National American heritage, and built a large commercial lines franchise.
Loews acquired control in 1974 as Laurence Tisch assembled the conglomerate. The relationship has run for half a century, making CNA one of the longest-held subsidiaries in American corporate history. The insurer's Chicago headquarters and the CNA Center building are among the city's landmarks.
Under CEO Dino Robusto, who took over in 2016, CNA executed a sustained underwriting turnaround, exiting unprofitable books and rebuilding pricing discipline. Fiscal 2025 delivered net income of $1.28 billion, core income of $1.34 billion, 5% net written premium growth, and an 83% renewal retention rate, plus a regular dividend increase and a $2.00 special dividend.
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About Loews Corporation
Who owns Loews Corporation?
Loews is publicly traded on the NYSE under ticker L, but the Tisch family exercises effective control through large insider shareholdings accumulated over three generations since 1946.
What companies does Loews own?
Its three principal holdings are CNA Financial (commercial insurance, ~90% owned), Boardwalk Pipelines (natural gas transmission, wholly owned), and Loews Hotels (luxury hotels, wholly owned).
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Is Loews related to Loew's Theatres?
Yes, historically. The company was built on the movie theater chain Laurence Tisch acquired in 1959, which gave Loews its name. The theaters were sold long ago; the hotel and holding company arms kept the name.
Who runs Loews?
James Tisch serves as Chairman and CEO and Benjamin Tisch as President, the third generation of family leadership following Laurence Tisch and Preston Robert Tisch.
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- Founded: 1946
- Headquarters: New York City, New York, USA
- Company Type: Publicly Traded
- Stock: NYSE: L
- Revenue: $1.67 billion net income (FY2025)
- Employees: ~13,000
Where Is CNA Financial Made / Based?
- Headquarters: Chicago, Illinois, USA
CNA Financial Categories & Tags
CNA Financial Recalls & Controversies
CNA carries the standard regulatory file of a century-old insurer: periodic state market conduct examinations and historical reserve strengthening, including a $4.6 billion asbestos and environmental reserve charge in 2010 that was largely ceded to Berkshire Hathaway's National Indemnity under a loss portfolio transfer. No consumer-facing scandals mark the brand.
Brands Owned by Loews Corporation
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CNA Financial Ownership: Pros & Cons
Advantages
- +Top-ten commercial insurer scale
- +Underwriting discipline turnaround completed
- +Loews ownership provides stable capital
- +Consistent dividends plus special distributions
- +Strong broker and agent relationships
Considerations
- -Loews control limits minority shareholder influence
- -Commercial P&C cyclicality
- -Legacy long-tail reserve exposure
- -Constrained strategic independence
Frequently Asked Questions About CNA Financial
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Sources & Further Reading
Competitors to CNA Financial
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| American International Group | USA | 1919 | Mass market | Global | All Genders | |
| Chubb | USA (executive offices) | 1882 | Market leader | Global | All-ages |
Learn More About Competitors
InsuranceAIG
Owned by American International Group, Inc.
Master insurance brand of American International Group, covering commercial, personal, and travel insurance products in more than 200 countries.
insurancecommercial-insuranceproperty-casualty
InsuranceChubb
Owned by Chubb Limited
Flagship insurance brand of Chubb Limited, the world's largest publicly traded property and casualty insurer, covering commercial, personal, and specialty insurance in 54 countries.
insuranceproperty-casualtycommercial-insurance
Competitive Analysis
Market Positioning: CNA Financial competes with 2 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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Independent Alternatives to CNA Financial
Looking for brands with different ownership structures? These similar brands are not owned by Loews Corporation, giving you alternative choices that support different corporate structures.
InsuranceAllied Insurance
Owned by Nationwide Mutual Insurance Company
Des Moines-founded insurance brand of Nationwide Mutual, serving independent agents and brokers for personal and small commercial lines since 1929.
insuranceindependent-agentsproperty-casualty
Privately Owned
Allied Insurance is privately owned, unlike CNA Financial which is under a publicly traded parent company.
InsuranceMain Street America Insurance
Owned by American Family Insurance Mutual Holding Company
Commercial and farm insurance brand headquartered in Jacksonville, Florida, founded in 1923 as National Grange Mutual. Owned by American Family Insurance since a 2018 mutual merger.
insurancecommercial-insurancemutual
Privately Owned
Main Street America Insurance is privately owned, unlike CNA Financial which is under a publicly traded parent company.
InsuranceState Farm Auto Insurance
Owned by State Farm Mutual Automobile Insurance Company
State Farm's flagship auto insurance product line, the largest auto insurer in the United States, which returned a $4.6 billion underwriting profit in 2025 and announced a record $5 billion customer dividend.
auto-insurancecar-insuranceproperty-casualty
Privately Owned
State Farm Auto Insurance is privately owned, unlike CNA Financial which is under a publicly traded parent company.
InsuranceState Farm Home Insurance
Owned by State Farm Mutual Automobile Insurance Company
State Farm's homeowners and property insurance line, the largest home insurer in the United States, which posted a $3.1 billion underwriting loss in 2025 amid record catastrophe claims.
home-insurancehomeowners-insuranceproperty-casualty
Privately Owned
State Farm Home Insurance is privately owned, unlike CNA Financial which is under a publicly traded parent company.
InsuranceAmerican Family Insurance
Owned by American Family Insurance Mutual Holding Company
Flagship insurance brand of the American Family Insurance mutual group, founded in 1927. Auto, home, life, farm, and business coverage sold through exclusive agents in 19 states.
insuranceauto-insurancehome-insurance
Privately Owned
American Family Insurance is privately owned, unlike CNA Financial which is under a publicly traded parent company.
InsuranceAuto-Owners Insurance
Owned by Auto-Owners Insurance Company
Flagship brand of Auto-Owners Insurance Company, the policyholder-owned mutual insurer selling auto, home, business, and life coverage through independent agents since 1916.
insurancemutual-insuranceauto-insurance
Privately Owned
Auto-Owners Insurance is privately owned, unlike CNA Financial which is under a publicly traded parent company.
Loews Corporation Stock Information
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Jobs at Loews Corporation
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