CNA FINANCIAL CORPORATION CNA Cash Flow

Cna financial corporation (CNA)

CashFlow / TTM

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
597	1,000	643	872	864	813	1,120	928	930	899	917	1,116	1,053	859	548	383	312	479	747	782	911	691	714	773	700	937	707	656	628	628	831	686	649	628	0	0	0
Adjustments to reconcile net (loss) income to net cash flows provided by operating activities:
Impairment loss on sale of subsidiary
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-
Deferred income tax (benefit) expense
-115	-46	-129	-10	-17	-20	80	61	125	168	149	195	153	136	-65	-119	-166	-150	-51	-13	49	3	17	3	3	77	193	188	173	147	132	173	172	188	0	0	0
(Income) loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	0	0	0
(Gain) loss on disposal of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2	-2	-1	-9	0	0	0
Trading portfolio activity
6	16	3	-17	2	0	-3	-7	-14	-9	1	13	12	9	0	-9	-1	-17	-17	0	-8	-16	-4	-14	-59	10	8	-14	65	23	4	34	11	-1	0	0	0
Net investment losses (gains)
-218	29	-57	-50	-33	-52	56	18	69	93	86	156	122	50	-2	-97	-113	-67	-51	36	23	60	85	51	50	31	15	19	55	63	63	28	21	-2	0	0	0
Equity method investees
-95	-11	-242	-384	-346	-330	-131	-27	-44	-84	-62	-50	-14	-238	-333	-473	-548	-195	-145	40	140	-83	28	97	100	323	251	232	111	89	51	-197	-132	-97	0	0	0
Net amortization of investments
79	89	86	87	80	70	58	49	43	40	40	38	35	27	-17	-20	-13	-17	13	10	-4	-3	5	10	15	24	32	36	42	55	60	60	66	64	0	0	0
Depreciation and amortization
65	68	72	74	78	79	81	86	87	88	86	81	77	77	79	84	86	84	83	80	82	83	83	85	88	101	122	144	138	125	0	0	0	-	-	-	-
Changes in:
Receivables, net
136	-137	-25	-223	-30	229	-27	300	212	-92	-199	-215	-276	130	299	247	78	-82	-190	-514	-448	-731	-339	-133	-190	-44	-17	104	-82	-49	-1,635	-1,229	-1,038	-1,020	0	0	0
Depreciation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Accrued investment income
-4	3	4	3	-7	-19	-32	-10	-19	4	4	6	7	3	-3	5	-2	1	-3	-11	-11	0	-2	0	3	9	-2	-2	-4	-4	21	16	15	17	0	0	0
Deferred acquisition costs
23	26	19	10	7	6	14	26	29	24	18	24	9	8	-276	-294	-301	-311	-41	-46	-52	-44	-39	-35	-21	-2	12	42	41	16	7	-1	1	1	0	0	0
Insurance reserves
811	358	711	122	228	482	-118	323	198	22	21	-167	-139	237	510	456	448	241	54	-146	-144	-363	-124	-32	-62	-68	317	507	410	430	-285	-209	-183	-237	0	0	0
Other, net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
-	-	-	-	-	-	-	-	-	-	120	107	43	95	114	125	134	79	60	58	47	48	14	8	42	27	8	-32	-51	-144	-155	-181	-252	-175	0	0	0
Other liabilities
-	-	-	-	-	-	-	-	-	-	-5	144	124	162	219	193	193	126	53	59	89	-48	159	190	137	525	137	73	34	-49	41	-22	-99	-187	0	0	0
Other, net
-	-	-	-	-	-	0	0	-132	-	30	28	34	29	-47	-53	-12	-2	178	208	70	54	-22	-68	0	10	10	19	30	18	0	0	0	-	-	-	0
Total adjustments
-	-	-	-	-	-	-	-	-	-	273	202	311	557	914	1,077	1,315	908	691	611	455	749	616	449	481	267	471	545	501	622	1,051	1,222	1,253	1,076	0	0	0
Net cash flows provided (used) by operating activities-continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,704	0	0	0
Net cash flows provided (used) by operating activities-discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2	0	0	0
Net cash flows provided by operating activities
1,065	1,140	1,339	1,387	1,296	1,227	1,228	1,093	1,190	1,254	1,190	1,318	1,364	1,416	1,462	1,460	1,627	1,387	1,438	1,393	1,366	1,440	1,330	1,222	1,181	1,204	0	0	0	-	-	1,908	1,902	1,702	0	0	0
Cash Flows from Investing Activities
Dispositions:
Fixed maturity securities - sales
4,406	5,842	6,658	7,485	8,091	8,408	7,893	7,077	6,655	5,438	5,261	5,404	4,965	5,328	5,034	4,597	4,968	4,390	4,499	4,854	4,508	4,914	6,044	6,645	7,010	6,869	6,192	5,963	5,603	6,123	6,440	6,770	7,627	7,579	0	0	0
Fixed maturity securities - maturities, calls and redemptions
3,220	2,997	2,648	2,438	2,415	2,370	2,844	3,177	3,349	3,641	3,591	3,742	3,552	3,219	3,257	3,038	3,441	4,095	4,183	4,333	4,276	3,983	3,676	3,405	3,256	3,271	3,540	3,953	3,882	3,699	3,276	2,796	2,773	3,055	0	0	0
Equity securities
248	214	191	181	146	89	93	49	37	46	24	31	93	81	93	96	59	57	51	50	22	31	44	57	63	103	96	85	118	86	79	86	69	178	0	0	0
Limited partnerships
497	479	456	547	460	343	336	185	204	192	250	266	258	290	218	213	243	174	190	134	119	167	150	149	118	108	103	178	177	165	0	0	0	-	-	-	-
Mortgage loans
123	143	154	130	152	128	87	77	34	26	92	115	188	207	141	116	45	26	43	43	47	57	38	37	34	22	21	20	7	7	0	0	0	-	-	-	-
Purchases:
Fixed maturity securities
8,032	8,661	9,594	10,073	10,542	10,785	10,432	9,833	9,658	9,065	9,232	9,793	9,686	9,827	9,092	8,520	8,994	8,675	8,963	9,473	9,212	9,365	10,449	10,462	10,549	11,197	11,135	10,786	10,177	10,299	10,683	11,137	11,530	12,168	0	0	0
Equity securities
370	186	221	219	196	258	325	285	257	166	17	8	7	0	3	32	57	62	83	86	67	67	60	55	70	77	85	60	54	54	51	55	50	72	0	0	0
Limited partnerships
116	198	206	486	471	419	466	196	215	171	115	93	101	252	290	316	323	188	173	240	232	271	278	229	255	223	272	278	233	228	0	0	0	-	-	-	-
Mortgage loans
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage loans
-	-	-	-	-	128	233	296	287	274	185	151	124	120	130	104	134	123	134	154	145	137	272	118	104	129	-362	-229	-197	-174	160	146	166	149	0	0	0
Change in other investments
-11	-11	-10	-10	-14	-12	-11	-6	-6	-3	-5	-7	6	7	9	7	-3	4	10	13	22	15	7	-12	-25	-22	2	20	25	22	155	150	60	17	0	0	0
Change in short term investments
909	-535	-170	-178	-217	168	181	48	-69	-6	-12	58	513	258	53	282	-140	34	390	323	490	-388	-488	-546	-527	425	855	409	265	-7	-438	-71	10	566	0	0	0
Purchases of property and equipment
21	26	32	37	69	99	109	110	110	102	132	149	143	146	135	133	138	125	113	101	81	71	66	76	80	91	101	94	93	94	77	102	95	84	0	0	0
Disposals of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	107	107	107	107	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-20	-15	-18	-20	-19	-18	-16	-17	-34	-20	-20	-17	-3	-2	-16	-23	-19	-21	-15	-9	-17	-16	-10	-12	-6	-11	-11	-10	-19	-16	-11	-11	-3	-1	0	0	0
Net cash flows provided (used) by investing activities-continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,062	0	0	0
Net cash flows provided (used) by investing activities-discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	0	0	0
Net cash flows provided by investing activities
573	-225	-317	-383	-377	-177	-126	-96	-289	-424	-460	-568	-483	-846	-722	-626	-907	-372	-85	-97	-38	-918	-1,296	-1,161	-1,091	-898	0	0	0	-	-	-1,667	-1,273	-1,060	0	0	0
Cash Flows from Financing Activities
Dividends paid to common stockholders
935	929	929	928	915	896	882	872	857	842	828	812	813	813	813	812	812	811	812	811	811	541	527	514	499	216	202	189	176	162	149	135	122	108	0	0	0
Proceeds from the issuance of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	498	498	498	498	0	0	0	0	546	0	0	0	-	-	0	0	-	-	-	-	396	0	0	0
Repayment of debt
-	-	-	-	-	180	180	541	541	391	391	0	0	358	358	358	358	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	451	0	0	0
Purchase of treasury stock
27	23	18	16	14	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock options exercised
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	1	1	-4	2	0	0	0
Other, net
-12	-12	-12	-20	-10	-9	-9	-16	-25	-18	-18	0	0	0	0	-3	-1	4	8	8	28	25	13	8	-31	-35	-29	-24	-8	-7	-2	2	-7	-8	0	0	0
Net cash flows provided (used) by financing activities-continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-644	0	0	0
Net cash flows provided (used) by financing activities-discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Net cash flows used by financing activities
-998	-988	-983	-1,018	-969	-1,085	-1,071	-933	-927	-755	-741	-812	-813	-673	-673	-675	-673	-807	-1,353	-1,352	-1,332	-519	31	26	2	-264	0	0	0	-	-	-223	-650	-644	0	0	0
Effect of foreign exchange rate changes on cash
-6	5	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in cash
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of foreign exchange rate changes on cash
-	-	-	-	-	-	-	-	9	-	4	-2	-11	-13	-13	-15	-6	-11	-11	-12	-15	-8	-3	5	5	-3	-2	-2	-4	4	4	-2	-1	0	0	0	0
Transfer of cash to assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-
Net change in cash
-	-	-	-	-	-	-	-	-17	-	-7	-64	57	-116	54	144	41	197	-11	-59	-5	-5	62	83	83	39	56	21	64	81	45	16	-22	-2	0	0	0