CNA FINANCIAL CORPORATION CNA Cash Flow

Cna financial corporation (CNA)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash Flows from Operating Activities
Net (loss) income
-61,000	273,000	107,000	278,000	342,000	-84,000	336,000	270,000	291,000	223,000	144,000	272,000	260,000	241,000	343,000	209,000	66,000	-70,000	178,000	138,000	233,000	198,000	213,000	267,000	13,000	221,000	272,000	194,000	250,000	-9,000	221,000	166,000	250,000	194,000	76,000	129,000	229,000
Adjustments to reconcile net (loss) income to net cash flows provided by operating activities:
Impairment loss on sale of subsidiary
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	255,000	-	-	0	0	-	-	-	-	-	-	-	-
Deferred income tax (benefit) expense
-37,000	26,000	-97,000	-7,000	32,000	-57,000	22,000	-14,000	29,000	43,000	3,000	50,000	72,000	24,000	49,000	8,000	55,000	-177,000	-5,000	-39,000	71,000	-78,000	33,000	23,000	25,000	-64,000	19,000	23,000	99,000	52,000	14,000	8,000	73,000	37,000	55,000	7,000	89,000
(Income) loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-1,000
(Gain) loss on disposal of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-1,000	-1,000	0	1,000	-9,000
Trading portfolio activity
-7,000	15,000	5,000	-7,000	3,000	2,000	-15,000	12,000	1,000	-1,000	-19,000	5,000	6,000	9,000	-7,000	4,000	3,000	0	-16,000	12,000	-13,000	0	1,000	4,000	-21,000	12,000	-9,000	-41,000	48,000	10,000	-31,000	38,000	6,000	-9,000	-1,000	15,000	-6,000
Net investment losses (gains)
-216,000	9,000	7,000	-18,000	31,000	-77,000	14,000	-1,000	12,000	31,000	-24,000	50,000	36,000	24,000	46,000	16,000	-36,000	-28,000	-49,000	0	10,000	-12,000	38,000	-13,000	47,000	13,000	4,000	-14,000	28,000	-3,000	8,000	22,000	36,000	-3,000	-27,000	15,000	13,000
Equity method investees
-98,000	37,000	-9,000	-25,000	-14,000	-194,000	-151,000	13,000	2,000	5,000	-47,000	-4,000	-38,000	27,000	-35,000	32,000	-262,000	-68,000	-175,000	-43,000	91,000	-18,000	10,000	57,000	-132,000	93,000	79,000	60,000	91,000	21,000	60,000	-61,000	69,000	-17,000	-188,000	4,000	104,000
Net amortization of investments
15,000	25,000	17,000	22,000	25,000	22,000	18,000	15,000	15,000	10,000	9,000	9,000	12,000	10,000	7,000	6,000	4,000	-34,000	4,000	13,000	0	-4,000	1,000	-1,000	1,000	4,000	6,000	4,000	10,000	12,000	10,000	10,000	23,000	17,000	10,000	16,000	21,000
Depreciation and amortization
16,000	16,000	16,000	17,000	19,000	20,000	18,000	21,000	20,000	22,000	23,000	22,000	21,000	20,000	18,000	18,000	21,000	22,000	23,000	20,000	19,000	21,000	20,000	22,000	20,000	21,000	22,000	25,000	33,000	42,000	44,000	19,000	20,000	-	-	-	-
Changes in:
Receivables, net
229,000	70,000	-342,000	179,000	-44,000	182,000	-540,000	372,000	215,000	-74,000	-213,000	284,000	-89,000	-181,000	-229,000	223,000	317,000	-12,000	-281,000	54,000	157,000	-120,000	-605,000	120,000	-126,000	272,000	-399,000	63,000	20,000	299,000	-278,000	-123,000	53,000	-1,287,000	128,000	68,000	71,000
Depreciation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,000	19,000
Accrued investment income
8,000	-15,000	11,000	-8,000	15,000	-14,000	10,000	-18,000	3,000	-27,000	32,000	-27,000	26,000	-27,000	34,000	-26,000	22,000	-33,000	42,000	-33,000	25,000	-37,000	34,000	-33,000	36,000	-39,000	36,000	-30,000	42,000	-50,000	36,000	-32,000	42,000	-25,000	31,000	-33,000	44,000
Deferred acquisition costs
27,000	-11,000	-10,000	17,000	30,000	-18,000	-19,000	14,000	29,000	-10,000	-7,000	17,000	24,000	-16,000	-1,000	2,000	23,000	-300,000	-19,000	-5,000	13,000	-30,000	-24,000	-11,000	21,000	-25,000	-20,000	3,000	40,000	-11,000	10,000	2,000	15,000	-20,000	2,000	4,000	15,000
Insurance reserves
510,000	21,000	134,000	146,000	57,000	374,000	-455,000	252,000	311,000	-226,000	-14,000	127,000	135,000	-227,000	-202,000	155,000	511,000	46,000	-256,000	147,000	304,000	-141,000	-456,000	149,000	85,000	98,000	-364,000	119,000	79,000	483,000	-174,000	22,000	99,000	-232,000	-98,000	48,000	45,000
Other, net
-258,000	-	-	-	-117,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
-	-	-	-	-	-	-	-	-	-	3,000	81,000	37,000	-1,000	-10,000	17,000	89,000	18,000	1,000	26,000	34,000	-1,000	-1,000	15,000	35,000	-35,000	-7,000	49,000	20,000	-54,000	-47,000	30,000	-73,000	-65,000	-73,000	-41,000	4,000
Other liabilities
-	-	-	-	-	-	-	-	-	-	-61,000	161,000	-206,000	101,000	88,000	141,000	-168,000	158,000	62,000	141,000	-235,000	85,000	68,000	171,000	-372,000	292,000	99,000	118,000	16,000	-96,000	35,000	79,000	-67,000	-6,000	-28,000	2,000	-155,000
Other, net
-	-	-	-	-	-	-90,000	14,000	-156,000	-	18,000	16,000	14,000	-18,000	16,000	22,000	9,000	-94,000	10,000	63,000	19,000	86,000	40,000	-75,000	3,000	10,000	-6,000	-7,000	13,000	10,000	3,000	4,000	1,000	-	-	-	1,000
Total adjustments
-	-	-	-	-	-	-	-	-	-	235,000	-39,000	22,000	55,000	164,000	70,000	268,000	412,000	327,000	308,000	-139,000	195,000	247,000	152,000	155,000	62,000	80,000	184,000	-59,000	266,000	154,000	140,000	62,000	695,000	325,000	171,000	-115,000
Net cash flows provided (used) by operating activities-continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	889,000	401,000	300,000	114,000
Net cash flows provided (used) by operating activities-discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-2,000
Net cash flows provided by operating activities
212,000	160,000	466,000	227,000	287,000	359,000	514,000	136,000	218,000	360,000	379,000	233,000	282,000	296,000	507,000	279,000	334,000	342,000	505,000	446,000	94,000	393,000	460,000	419,000	168,000	283,000	352,000	378,000	191,000	-	-	306,000	312,000	889,000	401,000	300,000	112,000
Cash Flows from Investing Activities
Dispositions:
Fixed maturity securities - sales
823,000	970,000	1,014,000	1,599,000	2,259,000	1,786,000	1,841,000	2,205,000	2,576,000	1,271,000	1,025,000	1,783,000	1,359,000	1,094,000	1,168,000	1,344,000	1,722,000	800,000	731,000	1,715,000	1,144,000	909,000	1,086,000	1,369,000	1,550,000	2,039,000	1,687,000	1,734,000	1,409,000	1,362,000	1,458,000	1,374,000	1,929,000	1,679,000	1,788,000	2,231,000	1,881,000
Fixed maturity securities - maturities, calls and redemptions
799,000	881,000	742,000	798,000	576,000	532,000	532,000	775,000	531,000	1,006,000	865,000	947,000	823,000	956,000	1,016,000	757,000	490,000	994,000	797,000	1,160,000	1,144,000	1,082,000	947,000	1,103,000	851,000	775,000	676,000	954,000	866,000	1,044,000	1,089,000	883,000	683,000	621,000	609,000	860,000	965,000
Equity securities
98,000	43,000	54,000	53,000	64,000	20,000	44,000	18,000	7,000	24,000	0	6,000	16,000	2,000	7,000	68,000	4,000	14,000	10,000	31,000	2,000	8,000	9,000	3,000	11,000	21,000	22,000	9,000	51,000	14,000	11,000	42,000	19,000	7,000	18,000	25,000	128,000
Limited partnerships
204,000	62,000	120,000	111,000	186,000	39,000	211,000	24,000	69,000	32,000	60,000	43,000	57,000	90,000	76,000	35,000	89,000	18,000	71,000	65,000	20,000	34,000	15,000	50,000	68,000	17,000	14,000	19,000	58,000	12,000	89,000	18,000	46,000	-	-	-	-
Mortgage loans
15,000	34,000	39,000	35,000	35,000	45,000	15,000	57,000	11,000	4,000	5,000	14,000	3,000	70,000	28,000	87,000	22,000	4,000	3,000	16,000	3,000	21,000	3,000	20,000	13,000	2,000	2,000	17,000	1,000	1,000	1,000	4,000	1,000	-	-	-	-
Purchases:
Fixed maturity securities
1,818,000	1,608,000	2,157,000	2,449,000	2,447,000	2,541,000	2,636,000	2,918,000	2,690,000	2,188,000	2,037,000	2,743,000	2,097,000	2,355,000	2,598,000	2,636,000	2,238,000	1,620,000	2,026,000	3,110,000	1,919,000	1,908,000	2,536,000	2,849,000	2,072,000	2,992,000	2,549,000	2,936,000	2,720,000	2,930,000	2,200,000	2,327,000	2,842,000	3,314,000	2,654,000	2,720,000	3,480,000
Equity securities
220,000	46,000	52,000	52,000	36,000	81,000	50,000	29,000	98,000	148,000	10,000	1,000	7,000	-1,000	1,000	0	0	2,000	30,000	25,000	5,000	23,000	33,000	6,000	5,000	16,000	28,000	21,000	12,000	24,000	3,000	15,000	12,000	21,000	7,000	10,000	34,000
Limited partnerships
32,000	31,000	28,000	25,000	114,000	39,000	308,000	10,000	62,000	86,000	38,000	29,000	18,000	30,000	16,000	37,000	169,000	68,000	42,000	44,000	34,000	53,000	109,000	36,000	73,000	60,000	60,000	62,000	41,000	109,000	66,000	17,000	36,000	-	-	-	-
Mortgage loans
61,000	-	-	-	59,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage loans
-	-	-	-	-	16,000	18,000	58,000	36,000	121,000	81,000	49,000	23,000	32,000	47,000	22,000	19,000	42,000	21,000	52,000	8,000	53,000	41,000	43,000	0	188,000	-113,000	29,000	25,000	-303,000	20,000	61,000	48,000	31,000	6,000	81,000	31,000
Change in other investments
-6,000	-3,000	-4,000	2,000	-6,000	-2,000	-4,000	-2,000	-4,000	-1,000	1,000	-2,000	-1,000	-3,000	-1,000	11,000	0	-1,000	-3,000	1,000	7,000	5,000	0	10,000	0	-3,000	-19,000	-3,000	3,000	21,000	-1,000	2,000	0	154,000	-6,000	-88,000	-43,000
Change in short term investments
1,267,000	-355,000	31,000	-34,000	-177,000	10,000	23,000	-73,000	208,000	23,000	-110,000	-190,000	271,000	17,000	-40,000	265,000	16,000	-188,000	189,000	-157,000	190,000	168,000	122,000	10,000	-688,000	68,000	64,000	29,000	264,000	498,000	-382,000	-115,000	-8,000	67,000	-15,000	-34,000	548,000
Purchases of property and equipment
3,000	6,000	6,000	6,000	8,000	12,000	11,000	38,000	38,000	22,000	12,000	38,000	30,000	52,000	29,000	32,000	33,000	41,000	27,000	37,000	20,000	29,000	15,000	17,000	10,000	24,000	25,000	21,000	21,000	34,000	18,000	20,000	22,000	17,000	43,000	13,000	11,000
Disposals of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	107,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-21,000	1,000	0	0	-16,000	-2,000	-2,000	1,000	-15,000	0	-3,000	-16,000	-1,000	0	0	-2,000	0	-14,000	-7,000	2,000	-2,000	-8,000	-1,000	-6,000	-1,000	-2,000	-3,000	0	-6,000	-2,000	-2,000	-9,000	-3,000	3,000	-2,000	-1,000	-1,000
Net cash flows provided (used) by investing activities-continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-843,000	-314,000	171,000	-76,000
Net cash flows provided (used) by investing activities-discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,000
Net cash flows provided by investing activities
1,087,000	-165,000	-293,000	-56,000	289,000	-257,000	-359,000	-50,000	489,000	-206,000	-329,000	-243,000	354,000	-242,000	-437,000	-158,000	-9,000	-118,000	-341,000	-439,000	526,000	169,000	-353,000	-380,000	-354,000	-209,000	-218,000	-310,000	-161,000	-	-	-223,000	-287,000	-843,000	-314,000	171,000	-74,000
Cash Flows from Financing Activities
Dividends paid to common stockholders
649,000	95,000	96,000	95,000	643,000	95,000	95,000	82,000	624,000	81,000	85,000	67,000	609,000	67,000	69,000	68,000	609,000	67,000	68,000	68,000	608,000	68,000	67,000	68,000	338,000	54,000	54,000	53,000	55,000	40,000	41,000	40,000	41,000	27,000	27,000	27,000	27,000
Proceeds from the issuance of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	498,000	0	0	0	0	0	0	0	546,000	-	-	0	0	-	-	-	-	0	0	0	396,000
Repayment of debt
-	-	-	-	-	0	30,000	0	150,000	0	391,000	0	0	0	0	0	358,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	31,000	11,000	0	409,000
Purchase of treasury stock
18,000	5,000	2,000	2,000	14,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock options exercised
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,000	-	0	1,000	0	0	0	-4,000	6,000
Other, net
-8,000	-1,000	-1,000	-2,000	-8,000	-1,000	-9,000	8,000	-7,000	-1,000	-16,000	-1,000	0	-1,000	2,000	-1,000	0	-1,000	-1,000	1,000	5,000	3,000	-1,000	21,000	2,000	-9,000	-6,000	-18,000	-2,000	-3,000	-1,000	-2,000	-1,000	2,000	3,000	-11,000	-2,000
Net cash flows provided (used) by financing activities-continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-56,000	-84,000	-468,000	-36,000
Net cash flows provided (used) by financing activities-discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Net cash flows used by financing activities
-675,000	-101,000	-99,000	-123,000	-665,000	-96,000	-134,000	-74,000	-781,000	-82,000	4,000	-68,000	-609,000	-68,000	-67,000	-69,000	-469,000	-68,000	-69,000	-67,000	-603,000	-614,000	-68,000	-47,000	210,000	-64,000	-73,000	-71,000	-56,000	-	-	-41,000	-42,000	-56,000	-84,000	-468,000	-36,000
Effect of foreign exchange rate changes on cash
-9,000	8,000	-5,000	0	2,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in cash
615,000	-	-	-	-87,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of foreign exchange rate changes on cash
-	-	-	-	-	-	-	-	1,000	-	4,000	4,000	1,000	-5,000	-2,000	-5,000	-1,000	-5,000	-4,000	4,000	-6,000	-5,000	-5,000	1,000	1,000	0	3,000	1,000	-7,000	1,000	3,000	-1,000	1,000	1,000	-3,000	0	2,000
Transfer of cash to assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,000	14,000	-	-	0	0	-	-	-	-	-	-	-	-
Net change in cash
-	-	-	-	-	-	-	-	-73,000	-	58,000	-74,000	28,000	-19,000	1,000	47,000	-145,000	151,000	91,000	-56,000	11,000	-57,000	43,000	-2,000	11,000	10,000	64,000	-2,000	-33,000	27,000	29,000	41,000	-16,000	-9,000	0	3,000	4,000