Loews Corporation (L)

Company ID: 281 | CIK: 0000060086
10-Q view:
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Segments are charted by their disclosed metrics (revenue, segment profit, etc.). Each line is a single segment. Reconciliation/corporate items are excluded. Major customers are shown as a percentage of revenue. Operational KPIs are grouped by metric concept; sub-metrics appear as separate lines.

Geographic Segments

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Business Unit / Product Segments

Major Customers (% of Revenue)

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Operational KPIs

ADR (adr)

Investment portfolio (aum)

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Diamond Offshore contract backlog (backlog)

Equivalent production (boe_production)

New business premiums (bookings)

International branch operations (branches)

No 10-Q data

Natural gas storage capacity (capacity)

Diamond Offshore rig enhancement program expended (capital_expenditures)

No 10-K data

Individual life lapse ratio (churn)

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Catastrophe losses (claims_count)

CNA Combined Ratio (combined_ratio)

CNA UniSource Clients (customers)

Commercial paper borrowings (deposits)

No 10-K data

Drilling rigs in fleet (fleet_size)

Fleet utilization (fleet_utilization)

Gas production (gas_production)

Employees (headcount)

Lifting cost (lifting_cost)

Revolving credit facility outstanding (loans_outstanding)

No 10-K data

CNA Loss Ratio (loss_ratio)

Net acreage (net_acreage)

Effective income yield (net_interest_margin)

No 10-K data

NGL production (ngl_production)

Occupancy rate (occupancy)

Oil production (oil_production)

Contract backlog (order_book)

New firm agreements (orders_received)

A&EP loss portfolio transfer ceded (other)

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APMT reserves (other)

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Active asbestos accounts (other)

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Adjusted dividend ratio (other)

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Adjusted expense ratio (other)

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Adjusted underwriting loss (other)

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Asbestos Net Reserves (other)

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Asbestos accounts (other)

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Asbestos and toxic tort claim reserves (other)

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Asbestos claim payments (other)

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Asbestos claim reserves (other)

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Asbestos net reserves (other)

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Asbestos policyholder accounts (other)

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Asbestos policyholders (other)

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Asbestos reserves (other)

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Asbestos-related reserves (other)

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Asset-backed securities (other)

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Average cost per Mcfe (other)

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Average daily gas throughput (other)

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Average daily rate change (other)

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Average daily revenue (other)

Average daily revenue per rig (other)

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Average daily rig revenue (other)

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Average daily throughput (other)

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Average dayrate (other)

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Average net wholesale price increase (other)

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Average rate change (other)

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Average rate increase (other)

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Average realized NGL price (other)

Average realized equivalent price (other)

Average realized gas price (other)

Average realized oil price (other)

Average realized price (other)

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Average realized prices (other)

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Average room rate increase (other)

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Average settlement per claim (other)

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Backlog by year (other)

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Boardwalk firm fee revenue share (other)

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Bond portfolio yield (other)

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Bond segment yield (other)

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Book value per common share (other)

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Book value per share (other)

Book value per share excluding AOCI (other)

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Bulova Cash and Investments (other)

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Bulova cash and investments (other)

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CCC Cover losses ceded (other)

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CNA APMT Net Reserves - Asbestos (other)

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CNA APMT Net Reserves - Environmental Pollution and Mass Tort (other)

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CNA Allowance for Doubtful Accounts - Reinsurance (other)

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CNA Annualized Savings Estimate (other)

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CNA Asbestos Reserve Development (other)

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CNA Asbestos Reserves (other)

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CNA Asset-Backed Securities (other)

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CNA Catastrophe Losses (other)

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CNA Environmental Pollution Reserves (other)

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CNA Expense Ratio (other)

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CNA Fixed Maturity Portfolio Market Value (other)

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CNA High Yield Bond Exposure (other)

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CNA High Yield Securities Fair Value (other)

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CNA Life Bond Yield (other)

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CNA Net Unrealized Gains (Fixed Maturities) (other)

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CNA P&C Bond Yield (other)

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CNA P&C statutory surplus (other)

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CNA Property and Casualty Expense Ratio (other)

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CNA Reinsurance Receivables (other)

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CNA Restructuring Charge Estimate (other)

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CNA Separate Account Investments (other)

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CNA Statutory Surplus (Life) (other)

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CNA Statutory Surplus (P&C) (other)

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CNA Transition Cost Estimate (other)

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CNA UniSource Co-employees (other)

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CNA general account investments (other)

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CNA life statutory surplus (other)

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CNA operating cash flows (other)

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CNA restructuring charge (other)

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Canary Wharf ownership (other)

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Capital and surplus (other)

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Capital expenditures (other)

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Capital expenditures budget (other)

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Carolina Group Stock outstanding (other)

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Carolina Group stock outstanding (other)

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Carolina Group stock shares outstanding (other)

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Carried claim reserves (other)

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Cash and cash equivalents (other)

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Cash and investments (other)

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Catastrophe loss ratio impact (other)

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Catastrophe losses (other)

Cigarette Market Share (other)

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Cigarette market share (other)

Cigarette unit sales growth (other)

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Cigarette unit sales volume change (other)

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Cigarette unit sales volume growth (other)

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Cigarette volume growth (other)

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Claim and claim adjustment expense reserves (other)

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Claim office locations (other)

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Claim reserves (other)

Class action cases pending (other)

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Cold stacked rigs (other)

Cold-stacked rigs (other)

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Commercial paper weighted average yield (other)

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Common Stock Outstanding (other)

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Common shares outstanding (other)

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Common stock outstanding (other)

Compressor stations (other)

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Contract remaining life (other)

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Core income (other)

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Deep discount market share (other)

Depletion expense (other)

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Depletion expense per Mcfe (other)

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Depletion expense per unit (other)

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Depletion per Mcfe (other)

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Diamond Offshore Conversion Cost Estimate (other)

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Diamond Offshore Operating Cash Flow (other)

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Diamond Offshore Other CapEx (other)

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Diamond Offshore Other CapEx Budget (other)

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Diamond Offshore Rig Upgrade Budget (other)

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Diamond Offshore Rig Upgrades CapEx (other)

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Diamond Offshore Rigs Inspections Completed (other)

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Diamond Offshore Rigs in Shipyard (other)

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Diamond Offshore Share Repurchase Cost (other)

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Diamond Offshore Share Repurchases (other)

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Diamond Offshore share repurchases (other)

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Direct written premium concentration (other)

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Discount brand industry sales share (other)

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Discount brand industry share (other)

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Discount brand market share (other)

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Discount brand sales (other)

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Discount brand sales share (other)

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Discount brand share (other)

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Discount brand share of industry sales (other)

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Discount brands industry share (other)

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Discount cigarette industry share (other)

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Discount cigarette market share (other)

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Discount segment industry share (other)

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Discount segment share (other)

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Discount segment share of industry sales (other)

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Dividend ratio (other)

Dividends per share (other)

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Domestic cigarette market share (other)

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Domestic market share (other)

Domestic unit volume (other)

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Drillships in fleet (other)

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EBITDA (other)

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EPA cleanup sites (other)

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Effective duration (other)

Effective income yield (other)

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Effective portfolio duration (other)

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Effective yield, fixed maturities (other)

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Environmental Pollution and Mass Tort Net Reserves (other)

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Environmental mass tort reserves (other)

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Environmental net reserves (other)

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Environmental policyholders (other)

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Environmental pollution accounts (other)

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Environmental pollution claim payments (other)

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Environmental pollution claim reserves (other)

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Environmental pollution net reserves (other)

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Environmental pollution policyholders (other)

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Environmental pollution reserves (other)

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Equity and LP return (other)

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Equity investment return (other)

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Equity portfolio return (other)

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Estimated expansion cost (other)

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Expansion capital invested (other)

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Expansion investment to date (other)

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Expansion project cost (other)

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Expected benefit payments (other)

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Expected future benefit payments (other)

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Expected future gross premiums (other)

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Expense Ratio (other)

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Expense ratio (other)

Favorable loss reserve development (other)

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Favorable net prior year development (other)

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Favorable prior year development (other)

Federal cigarette excise tax (other)

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Fibreboard Asbestos Estimated Settlement (other)

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Fibreboard Asbestos Settlement Paid (other)

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Fibreboard claims settled (other)

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Firm agreement revenue share (other)

Firm capacity contract life (other)

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Firm contract revenue share (other)

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Fixed fee revenue share (other)

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Fixed income duration (other)

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Fixed income effective duration (other)

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Fixed income effective income yield (other)

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Fixed income effective yield (other)

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Fixed income income yield (other)

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Fixed income portfolio duration (other)

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Fixed income yield (other)

Fixed maturities yield (other)

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Fixed maturity effective duration (other)

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Fixed maturity income yield (other)

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Fixed maturity yield (other)

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Flight attendant cases pending (other)

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Floating rigs commitment (other)

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Florida room share (other)

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Full price brand share (other)

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Full price industry share (other)

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Future capital commitments (other)

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Future policy benefits reserve (other)

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G&A expenses per Mcfe (other)

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GAAP expense ratio (other)

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Gas imbalance (other)

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Gas imbalance owed (other)

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Gas imbalances (other)

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Gas loaned out (other)

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Gas loaned to customers (other)

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General account investments (other)

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Global Crossing shares held (other)

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Government securities concentration (other)

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Gross Case Reserves (other)

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Gross IBNR Reserves (other)

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Gross carried claim reserves (other)

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Gross claim reserves (other)

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Gross life insurance in force (other)

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Growth capital expenditures (other)

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Growth project capex (other)

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Growth project capital spent (other)

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Growth project cost (other)

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Growth project spend (other)

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Growth project spend to date (other)

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Growth projects under development (other)

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Guaranteed investment portfolio (other)

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Hedge coverage (other)

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Hedged gas production (other)

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Hedged gas volumes (other)

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Hedged natural gas production (other)

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Hedged natural gas volume (other)

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Hedged production coverage (other)

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Hedged production share (other)

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Hedged weighted average price (other)

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High yield bond concentration (other)

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High yield bond exposure (other)

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High yield bond investment (other)

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High yield concentration (other)

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High yield securities (other)

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High yield securities carrying value (other)

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High yield securities fair value (other)

No 10-K data

IT transformation costs (other)

No 10-K data

IT transformation costs incurred (other)

No 10-K data

Independent agencies (other)

No 10-Q data

Indirect purchaser antitrust suits (other)

No 10-Q data

Industry cigarette units (other)

No 10-Q data

Industry discount segment share (other)

No 10-K data

Industry menthol segment share (other)

No 10-Q data

Industry unit sales decline (other)

No 10-K data

Industry unit sales volume change (other)

No 10-K data

Industry volume change (other)

No 10-K data

International premium share (other)

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International revenue share (other)

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Investment commitments (other)

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Investment effective duration (other)

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Investment grade allocation (other)

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Investment grade bond concentration (other)

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Investment grade bond percentage (other)

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Investment grade bond ratio (other)

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Investment grade bonds (other)

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Investment grade debt securities (other)

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Investment grade holdings (other)

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Investment grade percentage (other)

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Investment grade securities (other)

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Investment grade securities share (other)

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Investment grade share (other)

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Investment grade share of debt securities (other)

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Investment portfolio duration (other)

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Investment purchase commitments (other)

No 10-K data

Investment return (other)

No 10-K data

Investment yield (other)

No 10-K data

Investment-grade bond share (other)

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Investment-grade customer share (other)

No 10-Q data

LFPB discount rate (other)

No 10-K data

LFPB effective duration (other)

No 10-K data

Lapse ratio (other)

No 10-Q data

Largest single reinsurer recoverable (other)

No 10-K data

Life Capital and Surplus (other)

No 10-Q data

Life and Group Capital and Surplus (other)

No 10-Q data

Life and group statutory surplus (other)

No 10-K data

Life bond portfolio yield (other)

No 10-K data

Life capital and surplus (other)

No 10-Q data

Life insurance inforce (other)

No 10-Q data

Life insurance lapse ratio (other)

No 10-Q data

Life sales volume (other)

No 10-K data

Life settlement contracts (other)

No 10-K data

Limited partnership and common stock return (other)

No 10-K data

Limited partnership and stock return (other)

No 10-K data

Limited partnership investments (other)

No 10-K data

Limited partnership return (other)

Limited partnership returns (other)

No 10-K data

Loews Common Stock outstanding (other)

No 10-K data

Loews Corporation Share Repurchase Cost (other)

No 10-K data

Loews Corporation Share Repurchases (other)

No 10-K data

Loews common stock outstanding (other)

No 10-K data

Loews common stock shares outstanding (other)

No 10-Q data

Loews share repurchases (other)

No 10-K data

Long term care claim reserve reduction (other)

No 10-K data

Long term care premium deficiency (other)

No 10-K data

Long term care reserve charge (other)

No 10-K data

Long term care reserve margin (other)

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Long term care reserves (other)

No 10-K data

Long term care statutory margin (other)

No 10-K data

Long-term care discount rate (other)

No 10-K data

Long-term care reserves (other)

No 10-Q data

Long-term care statutory margin (other)

No 10-K data

Lorillard Market Share (other)

No 10-Q data

Lorillard Tobacco Litigation Charge (other)

No 10-K data

Lorillard US cigarette market share (other)

No 10-K data

Lorillard domestic market share (other)

No 10-K data

Lorillard market share (other)

Lorillard premium segment share (other)

No 10-K data

Lorillard premium segment volume (other)

No 10-K data

MFN settlement payments (other)

No 10-K data

Maintenance and compliance spend (other)

No 10-Q data

Maintenance capital expenditures (other)

No 10-K data

Market share (other)

Market share of wholesale shipments (other)

No 10-K data

Mass tort net reserves (other)

No 10-K data

Menthol segment share (other)

Mississippi Tobacco Settlement Additional Payment (other)

No 10-K data

NGL storage capacity (other)

No 10-Q data

NGL throughput (other)

No 10-Q data

NPR excess charges (other)

No 10-K data

Natural gas equivalents hedged (other)

No 10-K data

Natural gas hedge coverage (other)

No 10-K data

Natural gas hedges (other)

No 10-K data

Natural gas storage capacity (other)

No 10-Q data

Natural gas storage caverns (other)

No 10-K data

Natural gas throughput (other)

No 10-Q data

Net Case Reserves (other)

No 10-K data

Net IBNR Reserves (other)

No 10-K data

Net carried claim reserves (other)

No 10-K data

Net carried reserves (other)

No 10-K data

Net catastrophe losses (other)

Net claim reserves (other)

No 10-K data

Net earned premiums (other)

Net prior year development (other)

Net prior year loss reserve development (other)

No 10-K data

Net unit sales volume change (other)

No 10-K data

Net unrealized investment gains (other)

No 10-K data

Net written premiums (other)

No 10-K data

New business (other)

New business premiums (other)

New business written (other)

New product liability suits filed (other)

No 10-K data

Newport brand domestic market share (other)

No 10-Q data

Newport brand share (other)

Newport domestic market share (other)

No 10-K data

Newport market share (other)

Newport menthol segment share (other)

No 10-K data

Newport premium segment share (other)

No 10-K data

Newport premium share (other)

Newport sales mix (other)

No 10-K data

Newport share of Lorillard (other)

No 10-Q data

Newport share of Lorillard sales (other)

Newport share of Lorillard unit sales (other)

No 10-K data

Newport share of Lorillard volume (other)

No 10-K data

Newport share of menthol (other)

No 10-K data

Newport share of premium segment (other)

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Newport share of sales (other)

Newport share of unit sales (other)

No 10-K data

Newport share of volume (other)

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Newport unit sales growth (other)

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Newport unit sales volume growth (other)

No 10-K data

Newport unit share (other)

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Newport volume mix (other)

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Non-U.S. revenue share (other)

No 10-Q data

Number of Reportable Segments (other)

Number of reportable segments (other)

Occupancy rate change (other)

No 10-K data

Offshore drilling inspections completed (other)

No 10-K data

Offshore drilling inspections in progress (other)

No 10-K data

Operating cash flow (other)

No 10-K data

Operating lease liability (other)

No 10-K data

Operating lease right of use asset (other)

No 10-K data

Other-than-temporary impairment losses (other)

No 10-K data

Overall unit sales volume change (other)

No 10-K data

Ownership interest (other)

No 10-K data

Ownership interest in CNA (other)

No 10-K data

Ownership interest in CNA Surety (other)

No 10-K data

Ownership interest in Diamond Offshore (other)

No 10-K data

P&C bond portfolio yield (other)

No 10-K data

P&C capital and surplus (other)

No 10-Q data

P&C statutory capital and surplus (other)

No 10-Q data

P&C underwriting loss (other)

No 10-K data

Parent Company cash and investments (other)

No 10-K data

Parent company cash and investments (other)

No 10-K data

Parent company liquidity (other)

No 10-Q data

Peak-day delivery capacity (other)

No 10-Q data

Pending asbestos filter cases (other)

No 10-K data

Pending asbestos policyholders (other)

No 10-K data

Pending class action cases (other)

No 10-K data

Pending class actions (other)

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Pending conventional product liability cases (other)

No 10-Q data

Pending environmental policyholders (other)

No 10-K data

Pending environmental pollution policyholders (other)

No 10-K data

Pending filter cases (other)

No 10-K data

Pending filter/asbestos cases (other)

No 10-Q data

Pending flight attendant cases (other)

No 10-Q data

Pending pollution policyholders (other)

No 10-K data

Pending product liability cases (other)

No 10-K data

Pending reimbursement cases (other)

No 10-K data

Pending smoking and health cases (other)

No 10-K data

Pending tobacco class actions (other)

No 10-K data

Pending tobacco lawsuits (other)

No 10-K data

Pending tobacco litigation cases (other)

No 10-K data

Pipeline Miles (other)

No 10-Q data

Pollution accounts (other)

No 10-K data

Portfolio duration (other)

No 10-K data

Portfolio effective duration (other)

No 10-K data

Pre-tax catastrophe losses (other)

No 10-K data

Premium brand industry market share (other)

No 10-K data

Premium brand market share (other)

No 10-K data

Premium distribution by state (other)

No 10-Q data

Premium product mix (other)

No 10-Q data

Premium segment market share (other)

Premium segment mix (other)

No 10-K data

Premium segment share (other)

Premium segment share of total market (other)

No 10-Q data

Premiums from outside the U.S. (other)

No 10-Q data

Prior year development (other)

No 10-K data

Prior year loss development (other)

No 10-Q data

Prior year reserve development (other)

No 10-K data

Producing wells (other)

Product liability cases pending (other)

No 10-K data

Production hedged (other)

Production taxes per Mcfe (other)

No 10-K data

Property and Casualty Capital and Surplus (other)

No 10-Q data

Property and casualty expense ratio (other)

No 10-K data

Property casualty statutory surplus (other)

No 10-K data

Property-casualty underwriting loss (other)

No 10-K data

Property/Casualty Capital and Surplus (other)

No 10-Q data

Property/casualty capital and surplus (other)

No 10-Q data

RBC coverage ratio (other)

No 10-Q data

RBC surplus ratio (other)

No 10-Q data

Rate (other)

No 10-K data

Rate change (other)

Rate change on renewals (other)

No 10-K data

Realized NGL price (other)

No 10-K data

Realized equivalent price (other)

No 10-K data

Realized gas price (other)

No 10-K data

Realized oil price (other)

No 10-K data

Realized price (other)

No 10-K data

Reimbursement cases pending (other)

No 10-K data

Reinsurance collateral (other)

No 10-K data

Reinsurance collateral held (other)

No 10-K data

Reinsurance receivables, net (other)

No 10-K data

Renewal premium change (other)

Renewal rate change (other)

Renewal retention rate (other)

No 10-K data

Renewed contract rate (other)

No 10-K data

Reservation revenue share (other)

No 10-Q data

Reserve-to-production index (other)

No 10-Q data

Retail accounts serviced (other)

No 10-Q data

Revenue earning days (other)

Revenue from firm agreements (other)

Revenue from firm contracts (other)

No 10-Q data

Revenue from outside U.S. (other)

No 10-Q data

Revenue from volume-based charges (other)

No 10-K data

Revenue mix (other)

No 10-K data

Revenues from firm agreements (other)

No 10-K data

Revolving credit facility average interest rate (other)

No 10-K data

Revolving credit facility outstanding (other)

No 10-K data

Rig days committed (other)

No 10-K data

Rig inspections (other)

No 10-K data

Rig locations (other)

No 10-K data

Rig upgrade expenditures (other)

No 10-Q data

Rigs by location (other)

No 10-K data

Rigs cold stacked (other)

No 10-K data

Rigs held for sale (other)

No 10-Q data

Rigs in shipyard for inspections (other)

No 10-K data

Rigs in shipyard inspections (other)

No 10-K data

Rigs marketed for sale (other)

No 10-K data

Rigs removed from service (other)

No 10-K data

Rigs stacked (other)

No 10-K data

Rigs under construction (other)

No 10-Q data

Rigs without contract (other)

No 10-K data

Rigs without contracts (other)

No 10-Q data

Rigs without drilling contract (other)

No 10-K data

Risk-based capital ratio (other)

No 10-Q data

S&P 500 futures notional (other)

No 10-K data

Sales volume (other)

No 10-K data

Separate Account investments (other)

No 10-K data

Separate account investments (other)

No 10-K data

Share of Lorillard unit sales (other)

No 10-K data

Share of Lorillard volume (other)

No 10-K data

Shares of common stock repurchased (other)

No 10-K data

Shares outstanding (other)

Shares repurchased (other)

Short-term investments share (other)

No 10-K data

Statutory LTC margin (other)

No 10-K data

Statutory capital and surplus (other)

Statutory surplus (other)

No 10-K data

Statutory surplus P&C (other)

No 10-K data

Statutory surplus life (other)

No 10-K data

Sub-prime exposure (other)

No 10-K data

Surety agency network (other)

No 10-Q data

Texas Tobacco Settlement Additional Payment (other)

No 10-K data

Top 10 customer revenue share (other)

No 10-Q data

Top 5 customer revenue share (other)

No 10-Q data

Top-10 customer share (other)

No 10-Q data

Treasury shares purchased (other)

No 10-K data

Treasury shares repurchased (other)

No 10-K data

U.S. cigarette market share (other)

No 10-Q data

U.S. government securities share (other)

No 10-K data

U.S. premium segment share (other)

No 10-K data

US cigarette market share (other)

No 10-Q data

Uncontracted rigs (other)

Underground storage fields (other)

No 10-Q data

Underlying combined ratio (other)

Underlying loss ratio (other)

No 10-K data

Underlying underwriting gain (other)

No 10-K data

Underwriting gain (other)

No 10-K data

Underwriting locations (other)

No 10-Q data

Underwriting loss (other)

No 10-K data

Unfavorable premium development (other)

No 10-K data

Unit sales volume change (other)

No 10-K data

Unit sales volume growth (other)

No 10-K data

Universal Orlando room share (other)

No 10-Q data

Volume growth (other)

No 10-K data

WTC catastrophe claims paid (other)

No 10-K data

WTC reinsurance recovered (other)

No 10-K data

Weighted average acquisition debt rate (other)

No 10-K data

Weighted average contract life (other)

No 10-Q data

Weighted average discount rate (other)

No 10-K data

Weighted average hedge price (other)

No 10-K data

Weighted average remaining lease term (other)

No 10-K data

Weighted average shares outstanding (other)

No 10-K data

Weighted-average contract life (other)

No 10-K data

Wells in progress (other)

No 10-Q data

Wholesale cigarette market share (other)

No 10-K data

Wholesale cigarette shipment share (other)

No 10-K data

Wholesale price increase (other)

No 10-K data

Workforce reduction positions (other)

No 10-K data

Working gas storage capacity (other)

No 10-Q data

World Trade Center claims paid (other)

No 10-K data

Written premium to surplus ratio (other)

No 10-Q data

Year 2000 Project Cost Estimate (other)

No 10-K data

Year 2000 cost incurred (other)

No 10-K data

Year 2000 hours expended (other)

No 10-K data

Year 2000 project cost (other)

No 10-K data

Year 2000 project cost incurred (other)

No 10-K data

Year 2000 remediation cost (other)

No 10-K data

Year 2000 remediation progress (other)

No 10-K data

Year 2000 systems tested (other)

No 10-K data

Premium retention (persistency)

Gross life insurance in force (policies_in_force)

Net written premiums (premiums_written)

Equivalent sales (production_volume)

Warehouse facilities (properties)

Proved developed reserves (proved_developed_reserves)

No 10-Q data

Proved reserves (proved_reserves)

Proved undeveloped reserves (proved_undeveloped_reserves)

No 10-Q data

Retention rate (retention)

Revenue per available room (revpar)

Rigs active (rigs_active)

Hotel Rooms (rooms)

Remaining performance obligations (rpo)

Common Stock Outstanding (shares)

No 10-Q data

Square footage (square_footage)

No 10-Q data

Average daily throughput (throughput)

Pipeline mileage (transmission_miles)

Cigarette Sales Volume (units_shipped)

Utilization rate (utilization_rate)

No 10-K data

HighMount Wells in Progress (wells_drilled)

No 10-Q data
Human capital disclosures. Workforce totals and demographics are point-in-time. Flow metrics use the year-to-date period for 10-Q and full year for 10-K. Workforce actions (RIFs, restructurings, acquisition-related changes) are listed in the table at the bottom.

Workforce Totals

No 10-Q data
No 10-Q data
No 10-Q data

Demographics

No demographic data found.

Workforce Breakdowns

No 10-Q data
No 10-Q data

HCM Metrics — Point-in-Time

No point-in-time HCM metrics found.

HCM Metrics — Flow (Annual / YTD)

No flow HCM metrics found.

Workforce Actions

Period EndTypeStatusAffected% WorkforceAnnouncedExpected CompletionGeographySegment / FunctionChargeSourceNote
2026-06-30acquisition_additioncompleted2026-04-302026-04-30United StatesBoardwalk PipelinesUSD 212 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Boardwalk Pipelines acquired Spire Marketing LLC (renamed Boardwalk Continuum Marketing, LLC) for $212 million. MD&A notes 'new employees from the Continuum acquisition' contributed to higher employee-related costs, but specific headcount added is not disclosed.
2024-12-31divestiture_reductioncompletedMinneapolisLoews Hotels & CoItem_1_Business
f5-10k / GLM-5.3-flash-HTML
Sale of the owned Loews Minneapolis Hotel was completed during 2024; MD&A discloses aggregate proceeds of $23 million for the sale of an owned hotel. No employee headcount impact was quantified in the filing.
2024-12-31divestiture_reductioncompletedMinneapolis, United StatesLoews Hotels & CoItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
No headcount associated with the disposition was disclosed; proceeds of $23 million reported in Note 2.
2023-12-31restructuringin_progress2023-12-31CNA Financial — Other Insurance OperationsUSD 24 (millions)other
f5-10k / GLM-5.3-flash-HTML
CNA committed to consolidate offices in Q4 2023; the 2023 charge relates primarily to abandonment of fixed assets and operating lease right-of-use assets no longer in use. No employee headcount impact was disclosed.
2023-12-31restructuringannounced2024-03-31CNA Financial — Other Insurance OperationsUSD 16 (millions)MD&A
f5-10k / GLM-5.3-flash-HTML
Subsequent event: CNA committed in Q1 2024 to consolidate additional offices, with a pretax charge of approximately $16 million anticipated in 2024. No employee headcount impact was disclosed.
2023-12-31acquisition_additioncompleted2023-09-292023-09-29United StatesBoardwalk Pipelinesbusiness_combinations_footnote
f5-10k / GLM-5.3-flash-HTML
Boardwalk Pipelines acquired 100% of Bayou Ethane from Williams Field Services Group for $355 million in cash (~380-mile ethane pipeline system serving Louisiana and Texas). The number of employees added through the acquisition was not disclosed; $355 million is purchase consideration, not a workforce charge.
2023-12-31restructuringin_progress2023-10-01United StatesCNA Financial Corporation — Corporate / Office OperationsUSD 24 (millions)other
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Q4 2023 office consolidation commitment; $24M charge for abandonment of fixed assets and operating lease right-of-use assets. No employee headcount disclosed.
2023-12-31restructuringannounced2024-01-01United StatesCNA Financial Corporation — Other Insurance OperationsUSD 16 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Q1 2024 commitment to consolidate offices; approximately $16M pretax charge anticipated in 2024. No employee headcount disclosed.
2023-12-31restructuringcompleted2023-10-01CNA Financial CorporationUSD 24 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
CNA committed to consolidate offices in Q4 2023, resulting in a $24 million charge for abandonment of fixed assets and lease right-of-use assets. Employee count not disclosed.
2023-12-31restructuringcompleted2023-01-01CNA Financial CorporationUSD 19 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Charge related to office consolidation in 2023. Employee count not disclosed.
2023-09-30restructuringannouncedUnited StatesCNA Financial — Other Insurance Operations (office consolidation, including principal executive offices)USD 24 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Committed during Q4 2023 (after period end); no specific announcement date, employee count, or completion date disclosed. Charge is pretax and anticipated in Q4 2023.
2021-12-31divestiture_reductioncompleted2021-04-012021-04-01North AmericaAltium Packaging LLC (reported within Corporate segment through March 31, 2021)Item_1_Business
f5-10k / GLM-5.3-flash-HTML
Sale of 47% of Altium Packaging to GIC for $420 million cash consideration triggered deconsolidation effective April 1, 2021; retained 52.7% interest accounted for under the equity method. Altium's ~3,500 employees, previously consolidated, are now employed by the unconsolidated entity and excluded from Loews' reported year-end headcount. No workforce reduction or severance was disclosed.
2021-12-31divestiture_reductioncompleted2021-04-012021-04-01North AmericaCorporate — Altium Packaging LLCMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of 47% of Altium Packaging to GIC for $420 million cash; Loews retained 52.7% but deconsolidated the business, removing its workforce (approximately 3,500 persons, disclosed as unconsolidated) from consolidated headcount. No employee-affected count stated.
2021-12-31othercompleted2021-12-312021-12-31United States — Seattle, WashingtonLoews Hotels & CoItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of the Hotel 1000 in Seattle completed during 2021; no associated workforce reduction quantified.
2020-12-31othercompleted2020-04-262020-04-26United StatesDiamond Offshore (offshore contract drilling)USD 1 (billions)other
f5-10k / GLM-5.3-flash-HTML
Diamond Offshore filed Chapter 11 on April 26, 2020; Loews lost control and deconsolidated it effective that date, removing its workforce from consolidated headcount. Affected employee count not disclosed. Charge shown is the pretax loss on deconsolidation ($957 million after tax), not a workforce charge; a separate $774 million rig impairment was recorded in Q1 2020 while consolidated.
2020-12-31othercompleted2020-03United States and CanadaLoews Hotels & CoMD&A
f5-10k / GLM-5.3-flash-HTML
Beginning March 2020, operations at the majority of owned and/or operated hotels were temporarily suspended due to COVID-19, with operating cost structures adjusted during suspensions. Most hotels had resumed operations by the filing date, though occupancy remained materially below prior-year levels. Affected headcount and any severance charges not quantified.
2020-12-31acquisition_additioncompleted2020-112020-11Altium Packaging (reported in Corporate segment)USD 60 (millions)business_combinations_footnote
f5-10k / GLM-5.3-flash-HTML
Altium Packaging acquired a packaging manufacturer in November 2020 for approximately $60 million. Headcount added through the acquisition not disclosed; charge shown is purchase consideration, not a workforce charge.
2020-12-31acquisition_additioncompletedUnited StatesAltium Packaging LLC (Corporate segment)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Altium Packaging paid approximately $60 million in 2020 for a packaging manufacturer; headcount added not disclosed.
2020-12-31otherin_progress2020-03-01United StatesLoews Hotels & CoMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Beginning in March 2020 the company temporarily suspended operations at most owned and/or operated hotels due to COVID-19; most have since resumed. Filer does not quantify associated headcount reductions or furloughs.
2020-12-31layoffcompleted2020-03United StatesLoews Hotels & CoItem_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Loews Hotels & Co furloughed a substantial portion of its workforce and severed employees due to COVID-19 pandemic impacts.
2020-09-30otherin_progressUnited StatesLoews Hotels & Coother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Furloughs (unpaid leaves of absence) and severances taken as COVID-19 cost containment; filer gives no counts or dates. Actions began March–April 2020 with hotel suspensions.
2020-09-30othercompleted2020-03-01GlobalLoews Hotels & CoMD&A
f5-10q / Qwen3.6-27B-Q8_0
Loews Hotels & Co put a substantial number of employees on unpaid leaves of absence or severed them from the organization due to COVID-19 operational suspensions. Specific headcount not disclosed.
2020-06-30layoffin_progress2020-03-01United StatesLoews Hotels & CoMD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Due to COVID-19, Loews Hotels & Co temporarily suspended operations at 22 of its hotels beginning March 2020 and placed a substantial number of employees on unpaid leaves of absence or severed them from the organization; no affected-employee count is disclosed. The filing notes a risk that furloughed or eliminated roles may be difficult to refill when operations resume.
2020-06-30othercompleted2020-03-01United StatesLoews Hotels & CoMD&A
f5-10q / Qwen3.6-27B-Q8_0
Loews Hotels & Co put a substantial number of employees on unpaid leaves of absence or severed them from the organization due to COVID-19 pandemic.
2020-03-31otherin_progress2020-03United StatesLoews Hotels & CoMD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Twenty owned and/or operated hotels temporarily suspended operations in March 2020 due to COVID-19; two completed hotels did not open and two additional hotels suspended operations in April 2020. Only three owned hotels and one managed hotel remained operational with limited occupancy. Employee counts affected were not disclosed.
2020-03-31otherannounced2020-04-26United StatesDiamond Offshore Drillingsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Diamond Offshore filed Chapter 11 on 2020-04-26; deconsolidation expected with significant non-cash loss in Q2 2020. No employee count disclosed.
2020-03-31layoffin_progressUnited StatesLoews Hotels & CoMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Twenty hotels temporarily suspended operations in March 2020 and two more in April 2020 due to COVID-19; no employee impact quantified.
2020-03-31otherin_progress2020-03-31GlobalLoews Hotels & CoMD&A
f5-10q / Qwen3.6-27B-Q8_0
Substantial number of employees placed on unpaid leaves of absence due to COVID-19 pandemic and temporary suspension of hotel operations.
2019-12-31acquisition_additioncompleted2019United States and CanadaAltium Packaging (Corporate segment)USD 260 (millions)business_combinations_footnote
f5-10k / GLM-5.3-flash-HTML
Three plastic packaging manufacturer acquisitions completed in 2019, funded partly with debt financing; headcount added through the combinations not disclosed. Includes Altium Healthcare Inc. (formerly Tri State Distribution, Inc.), acquired June 14, 2019. The $260 million figure is aggregate purchase consideration, not a severance or restructuring charge.
2017-12-31acquisition_additioncompleted2,3002017-05-222017-05-22North AmericaCorporate segment — Consolidated Container Company LLC (rigid plastic packaging)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of CCC Acquisition Holdings, Inc. for $1.2 billion completed May 22, 2017, funded with approximately $620 million of Parent Company cash and $600 million of debt financing at Consolidated Container. Headcount of approximately 2,300 is the year-end figure for the acquired business; results included in the Corporate segment from the acquisition date.
2017-12-31acquisition_additioncompleted2,3002017-05-222017-05-22North AmericaCorporate (Consolidated Container)Item 1_Business
f5-10k / Qwen3.6-27B-Q8_0
Acquisition of CCC Acquisition Holdings, Inc. (Consolidated Container) completed May 22, 2017.
2017-03-31acquisition_additionannounced2017-04-112017-06-30North AmericaLoews Packaging Group (new segment)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Merger agreement to acquire Consolidated Container Company for approximately $1.2 billion; no employee headcount disclosed. Expected to close in Q2 2017, funded ~50% cash and ~50% subsidiary-level debt.
2016-09-30restructuringcompleted2016-07-01CNA FinancialUSD 11 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
CNA completed a comprehensive organization review in Q3 2016; termination costs from headcount reductions totaled $11 million in the quarter, primarily underwriting expenses and unallocated loss adjustment expenses. Estimated annual salary-related savings of approximately $50 million, expected to reduce the 2017 property and casualty expense ratio by about half a point. Nine-month termination costs were $17 million. No affected-employee count disclosed.
2016-09-30restructuringin_progressUnited StatesCNA Financial — Specialty, Commercial, International (underwriting and unallocated loss adjustment functions)USD 11 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
CNA completed a comprehensive organization review in Q3 2016; termination costs from headcount reductions added $11M to Q3 expenses (underwriting and unallocated LAE). Annual salary savings estimated at ~$50M; expected to reduce 2017 P&C expense ratio by half a point. No employee count disclosed. YTD charge of $17M includes the $11M Q3 amount.
2016-09-30restructuringcompleted2016-09-30CNA FinancialUSD 11 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Termination costs associated with headcount reductions from comprehensive organization review.
2015-12-31acquisition_additioncompleted2015-03-01United StatesLoews HotelsItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Two hotel acquisitions in 2015 (Chicago in March, San Francisco in April) for approximately $330 million; a 50% joint venture interest in the Loews Atlanta Hotel was also acquired in June 2015. Headcount added not disclosed.
2015-12-31acquisition_additioncompleted2016-01-01United StatesLoews Hotelssubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
January 2016 acquisition of Hotel 1000 in Seattle, completed after fiscal year-end and before the filing date. Headcount added not disclosed.
2015-06-30restructuringin_progressGlobalDiamond OffshoreUSD 7 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Six-month 2015 results include $7 million of restructuring and severance costs; no employee count, announcement date, or completion timeline disclosed.
2015-06-30restructuringcompleted2015-06-302015-06-30CNA FinancialUSD 55 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Curtailment gain from elimination of future benefit accruals associated with the CNA Retirement Plan effective June 30, 2015.
2015-06-30restructuringin_progress2015-01-01Diamond OffshoreUSD 7 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Restructuring and severance costs recognized in the six months ended June 30, 2015.
2014-12-31divestiture_reductioncompleted2014-08-012014-08-01United StatesCNA Financial — life insurance subsidiary (Continental Assurance Company)USD 189 (millions)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of CAC completed August 1, 2014; loss of $189 million after tax and noncontrolling interests recorded. Headcount associated with the divested business not disclosed.
2014-12-31divestiture_reductioncompleted2014-08-072014-09-30United StatesHighMount Exploration & Production LLC (oil and gas exploration and production)USD 138 (millions)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale to affiliates of EnerVest, Ltd. completed September 30, 2014 for net proceeds of $787 million; impairment loss of $138 million after tax. Headcount transferred with the business not disclosed.
2014-12-31acquisition_additioncompleted2014-07-012014-10-31United StatesLoews Hotels — hotel acquisitions (Chicago O'Hare, Minneapolis, Tucson)Item_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Three hotels acquired during 2014 for a total cost of approximately $230 million; headcount added not disclosed. Dates reflect approximate acquisition months (July and October 2014).
2014-12-31acquisition_additioncompleted2014-10-012014-10-31United StatesBoardwalk Pipeline — Evangeline ethylene pipeline system (Boardwalk Petrochemical)other
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Asset/business acquisition for $295 million in cash completed October 2014; headcount added not disclosed. Date reflects month only.
2014-09-30othercompleted2014-06-30CNA FinancialUSD 86 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
CNA eliminated certain postretirement medical benefits associated with the CNA Health and Group Benefits Program, resulting in an $86 million curtailment gain.
2014-09-30otherannounced2014-09-302014-12-31CNA FinancialUSD 60 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
CNA offered a limited-time lump sum payment opportunity to terminated vested participants in the CNA Retirement Plan. A settlement charge of up to $60 million is expected in Q4 2014.
2014-06-30divestiture_reductionin_progress2014-05United StatesHighMount Exploration & Production (natural gas and oil E&P)USD 259 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Impairment charge of $259M ($167M after tax) for excess carrying value over estimated fair value less costs to sell; no employee count disclosed.
2014-06-30divestiture_reductioncompleted2014-08-01United StatesCNA Financial — Life & Group Non-Core (run-off annuity and pension deposit business, Continental Assurance Company)USD 193 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of CAC common stock closed August 1, 2014 (subsequent event); $193M impairment (after tax and noncontrolling interests) recorded in Q1 2014; no employee count disclosed.
2014-06-30restructuringcompleted2014-04-302014-06-30CNA FinancialUSD 86 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
CNA eliminated certain postretirement medical benefits associated with the CNA Health and Group Benefits Program, resulting in an $86 million curtailment gain.
2014-06-30otherin_progress2014-06-30HighMountMD&A
f5-10q / Qwen3.6-27B-Q8_0
HighMount is pursuing strategic alternatives including a potential sale. Exit and disposal costs include severance and retention costs.
2013-12-31divestiture_reductionannounced2014-02-10CNA Financial — Life & Group Non-Core (run-off annuity and pension deposit business)USD 200 (millions)subsequent_events
f5-10k / GLM-5.3-flash-HTML
Definitive agreement to sell the majority of CNA's run-off annuity and pension deposit business via sale of CAC common stock plus a 100% coinsurance agreement on a small separate annuity block. Gross insurance reserves for the business were approximately $3.4 billion at December 31, 2013; headcount impact not disclosed; closing subject to regulatory approvals and expected in the first half of 2014. An impairment loss of approximately $200 million (after tax and noncontrolling interests) is to be recorded in Q1 2014; it is a transaction-related charge, not a severance charge. The business will be reported as discontinued operations beginning Q1 2014.
2013-12-31plant_closurecompleted2014-022014-02Quebec City, CanadaLoews HotelsItem_1_Business
f5-10k / GLM-5.3-flash-HTML
The owned Loews LeConcorde Hotel was closed in February 2014, after fiscal year-end and prior to the filing date. It is excluded from the owned-hotel listing going forward. No workforce impact or associated charge was disclosed.
2012-12-31acquisition_additioncompleted2012-07-022012-07-02United Kingdom, Bermuda, Bahrain, Guernsey, SingaporeCNA Financial — Hardy Underwriting (Lloyd's syndicate 382)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Purchase price $231 million; headcount added not disclosed.
2012-12-31acquisition_additioncompleted2012-10-012012-10-01United States (Louisiana)Boardwalk Pipeline — Louisiana Midstreambusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Purchase price approximately $620 million; headcount added not disclosed.
2012-12-31acquisition_additioncompleted2012-06-012012-06-01United States (California)Loews Hotels — Loews Hollywood HotelItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Hotel acquired June 2012; headcount added not disclosed.
2012-12-31divestiture_reductioncompleted2012-12-012012-12-01United States (Colorado)Loews Hotels — Loews Denver HotelItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Hotel sold December 2012; workforce impact not disclosed.
2010-12-31divestiture_reductioncompleted2010-04-302010-04-30Michigan, United StatesHighMount Exploration & Productionother
f5-10k / GLM-5.3-flash-HTML
Sale of substantially all Antrim Shale exploration and production assets to a subsidiary of Linn Energy for approximately $330 million; headcount impact not disclosed. Under full cost accounting, proceeds reduced capitalized cost rather than producing a gain or loss.
2010-12-31divestiture_reductioncompleted2010-05-282010-05-28Alabama, United StatesHighMount Exploration & Productionother
f5-10k / GLM-5.3-flash-HTML
Sale of substantially all Black Warrior Basin exploration and production assets to a subsidiary of Walter Energy for approximately $210 million; headcount impact not disclosed. Combined net proceeds of the Michigan and Alabama sales (~$500 million) were used to reduce HighMount term loan debt.
2010-12-31othercompleted2010-08-312010-08-31CNA Financial — Other Insurance (centralized asbestos/environmental pollution claim group)other
f5-10k / GLM-5.3-flash-HTML
Loss Portfolio Transfer with NICO (a Berkshire Hathaway subsidiary) closed August 31, 2010; a significant portion of CNA's centralized A&EP claim group became employees of the Berkshire Hathaway subsidiary. Number of transferred employees not disclosed.
2010-12-31restructuringin_progress20102012CNA Financial — Information TechnologyUSD 38 (millions)MD&A
f5-10k / GLM-5.3-flash-HTML
Program to transform CNA's IT organization and delivery model; no workforce headcount impact disclosed. Approximately $36 million of the ~$38 million anticipated total cost was incurred through December 31, 2010; full annual savings expected in 2012.
2010-12-31restructuringin_progress2010United StatesCNA Financial — Information TechnologyUSD 36 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Program to transform CNA's IT organization and delivery model; total estimated cost approximately $38 million, of which $36 million incurred through December 31, 2010. No headcount reduction quantified; full annual savings anticipated in 2012.
2010-12-31divestiture_reductioncompleted2010-08-312010-08-31United StatesCNA Financial — Other Insurance (asbestos and environmental pollution claim group)other
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Upon closing of the Loss Portfolio Transfer to a Berkshire Hathaway subsidiary, a significant portion of the centralized claim group became employees of that subsidiary; headcount not quantified.
2008-12-31divestiture_reductioncompleted2008-05-072008-06-16Lorillard, Inc. (wholly owned tobacco subsidiary)discontinued_operations_footnote
f5-10k / GLM-5.3-flash-HTML
Entire ownership interest in Lorillard disposed of via a two-step Separation under an agreement dated May 7, 2008: the June 10, 2008 Redemption exchanged approximately 62% of Lorillard shares for all former Carolina Group stock, and the June 16, 2008 Exchange Offer distributed the remaining approximately 38% for Loews shares. Lorillard is reported as a discontinued operation; a $4.3 billion gain on disposal was recorded. The number of employees leaving the consolidated group is not disclosed.
2008-12-31divestiture_reductioncompleted2008-012008-01Bulova Corporationdiscontinued_operations_footnote
f5-10k / GLM-5.3-flash-HTML
Sale of Bulova completed in January 2008 for approximately $263 million, generating a pretax gain of approximately $126 million ($75 million after tax). Bulova is reported within discontinued operations; the number of employees affected is not disclosed.
2008-12-31divestiture_reductioncompleted2008-06-102008-06-16United StatesLorillard, Inc. (tobacco) — discontinued operationsdiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Full ownership interest in Lorillard disposed of via Redemption (June 10, 2008) and Exchange Offer (June 16, 2008); headcount transferred not disclosed.
2007-12-31acquisition_additioncompleted5002007-07-312007-07-31United States (Texas, Michigan, Alabama)HighMount Exploration & ProductionItem_1_Business
f5-10k / GLM-5.3-flash-HTML
Acquisition of exploration and production assets from Dominion Resources subsidiaries closed July 31, 2007 for $4.0 billion, subject to adjustment. The filing does not state an explicit employees-added figure; the 500 reflects HighMount's approximate year-end headcount per Employee Relations and therefore approximates headcount added. No workforce-related charge disclosed; purchase consideration excluded from charge fields.
2007-12-31divestiture_reductionannounced2007-10-042008-01Bulova Corporationdiscontinued_operations_footnote
f5-10k / GLM-5.3-flash-HTML
Agreement effective October 4, 2007 to sell Bulova to Citizen Watch Co., Ltd. for roughly $250 million, subject to adjustment, with expected pretax gain of about $105 million; sale closed in January 2008 after fiscal year-end and Bulova's results were reclassified to discontinued operations. No employee headcount for Bulova is disclosed.
2007-12-31acquisition_additioncompleted5002007-07-312007-07-31United StatesHighMount Exploration & Production LLCItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
HighMount acquired from Dominion Resources subsidiaries on 2007-07-31; approximately 500 persons employed at year-end. Headcount is year-end figure, not explicitly stated as acquisition-added.
2007-12-31divestiture_reductionannounced2007-10-042008-01-31United StatesBulova Corporationsubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Agreement to sell Bulova to Citizen Watch Co., Ltd. for approximately $250 million; closed January 2008. Headcount not disclosed.
2007-12-31voluntary_separationcompleted2006-04United StatesLorillard Sales and Market ResearchUSD 20 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Early retirement program offered to eligible employees in April 2006. Costs recorded in 2006.
2007-12-31restructuringcompleted20012006United StatesCNA Financial Property and Casualty and Life & Group Non-CoreMD&A
f5-10k / Qwen3.6-27B-Q8_0
Plan finalized in 2001. In 2006, excess remaining accrual of $7 million after tax was released as lease obligations were completed.
2007-06-30voluntary_separationin_progress2006-07-01United StatesBoardwalk PipelineUSD 4 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Early retirement incentive program implemented in second half of 2006; a $3.8 million settlement charge was recognized in the first half of 2007. No employee count disclosed.
2007-06-30acquisition_additionannounced2007-07-312007-07-31United StatesHighMount Exploration & Production (natural gas E&P)subsequent_events
f5-10q / GLM-5.3-flash-fp4-HTML
HighMount acquired E&P assets from Dominion Resources for $4.025 billion in cash on July 31, 2007; no headcount figures disclosed for the acquired business.
2007-06-30acquisition_additionannounced2007-07-312007-07-31United States (Texas, Michigan, Alabama)HighMount Exploration & Production (natural gas E&P)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
HighMount acquired E&P assets from Dominion Resources for $4.025B cash; no employee headcount disclosed for the acquired business.
2007-06-30restructuringcompletedBoardwalk PipelineUSD 15 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Impairment charge for Magnolia storage facility cavern abandonment.
2007-06-30voluntary_separationcompletedBoardwalk PipelineUSD 4 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Settlement charge recognized as a result of the early retirement incentive program.
2007-03-31voluntary_separationcompletedBoardwalk PipelineUSD 3 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Special termination benefit charge recognized as a result of an early retirement incentive program.
2006-12-31restructuringin_progress2006-04United StatesLorillard — sales and market research organizationUSD 20 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Program included an early retirement offer to eligible employees; charge recorded in other operating expenses, primarily early retirement and pension/other postretirement curtailment charges. Number of employees affected and completion timing not disclosed.
2006-12-31restructuringcompleted20012006-12-31United StatesCNA Financial — property and casualty, Life and Group Non-Core segments; real estate consolidationUSD 13 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
2006 activity was a release of the remaining lease-termination accrual (lease obligations completed), producing pretax income of $12.9 million ($7.3 million after tax and minority interest) rather than a new charge. Original program approved in 2001; employees affected not disclosed.
2006-12-31restructuringcompleted20012006-06-30United StatesCNA FinancialUSD -13 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Release of excess remaining accrual related to lease termination costs from 2001 plan. Negative charge indicates income.
2006-12-31voluntary_separationcompleted2006-042006-12-31United StatesLorillardUSD 20 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Early retirement program and restructuring of sales and market research organization. Includes pension curtailment charges.
2006-09-30voluntary_separationin_progress2006-04-01United StatesLorillard — sales and market research organizationUSD 16 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Lorillard began restructuring its sales and market research organization in April 2006, offering an early retirement program; nine-month costs of $16.4 million covered early retirement and curtailment charges on pension and other postretirement benefit plans. No headcount figure disclosed.
2006-09-30voluntary_separationin_progress2006-04-01United StatesLorillard — Sales and Market ResearchUSD 16 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Early retirement program offered to eligible employees; charge includes pension and postretirement curtailment costs for nine months ended 2006-09-30. No employee count disclosed.
2006-09-30restructuringcompletedLorillardUSD 16 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Restructuring of sales and market research organization; early retirement program for eligible employees.
2006-09-30restructuringcompletedBoardwalk PipelineMD&A
f5-10q / Qwen3.6-27B-Q8_0
Special termination benefit charge resulting from Texas Gas early retirement incentive program.
2006-06-30voluntary_separationin_progress2006-04-01United StatesLorillard — Sales and Market ResearchUSD 16 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Lorillard restructured its sales and market research organization and offered an early retirement program to eligible employees; charge includes early retirement and pension/postretirement curtailment costs. No employee count disclosed.
2006-06-30restructuringcompletedUnited StatesCNA Financial — Corporate / Real EstateUSD -13 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
CNA released remaining lease-termination accrual as lease obligations were completed, producing a $12.9M pretax benefit. No employee counts disclosed; action relates to real estate consolidation.
2006-06-30restructuringcompleted2001-01-012006-06-30CNA FinancialUSD -13 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Release of excess accrual for lease termination costs as obligations completed.
2006-06-30restructuringin_progress2006-04-01LorillardUSD 16 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Restructuring of sales and market research organization; early retirement program.
2005-12-31restructuringin_progress2001CNA Financial — property and casualty segments and Life and Group Non-Core segment; discontinued variable life and annuity business; consolidated certain real estate locationsUSD 1 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Legacy 2001 program. Fiscal 2005 activity limited to approximately $1.0 million of costs paid and release of a $1.0 million accrual related to impaired assets; no employee counts disclosed for any period of the program. Remaining accrual was $13.0 million at December 31, 2005, with approximately $2.0 million (primarily lease termination costs) expected to be paid in 2006. Original 2001 charge was $189.0 million. Separate CNA IT restructuring plan had no 2005 activity (its remaining $3.0 million accrual was released in 2004).
2005-12-31divestiture_reductioncompleted2005-01-062005-01-06United StatesCNA Financial — Specialty Medicalbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
CNA completed sale of specialty medical business to Aetna Inc. on January 6, 2005. Headcount not disclosed.
2005-12-31restructuringin_progress2001-01-01United StatesCNA Financial — Property & Casualty and Life/Group Non-Core segmentsUSD 13 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Multi-year restructuring plan approved in 2001; remaining accrual of $13.0 million at December 31, 2005. Approximately $1.0 million of costs paid during 2005. Employee counts not disclosed. Cumulative through fiscal year-end.
2005-12-31restructuringcompleted2001CNA FinancialUSD 13 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Remaining accrual related to 2001 plan to restructure property and casualty segments and Life and Group Non-Core segment. Approximately $2.0 million expected to be paid in 2006.
2004-12-31restructuringcompleted20012005United States; United Kingdom (CNA Re lease terminations)CNA Financial — property and casualty segments, Life and Group Non-Core, Other Insurance (real estate consolidation)USD 15 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Multi-year program initiated in 2001 with an initial accrual of $189.0 million. No new charges or releases were recorded in 2003 or 2004; $5.0 million of payments were charged against the liability during 2004. The value shown is the remaining accrual at December 31, 2004 (lease termination and impaired asset costs; no employee termination costs remained); approximately $3.0 million expected to be paid in 2005. Cumulative through fiscal year-end.
2004-12-31restructuringcompleted2004United StatesCNA Financial — company-wideMD&A
f5-10k / GLM-5.3-flash-HTML
Initiatives included stricter expense policies, consolidation of facility locations, and to a lesser extent, workforce reductions; produced approximately $100.0 million of expense savings in 2004. Headcount impact not quantified. Distinct from a ~5% workforce reduction executed in 2003 (prior year, not extracted).
2004-12-31divestiture_reductioncompleted2004-04-302004-04-30United StatesCNA Financial — Life and Group Non-Core (individual life insurance business)MD&A
f5-10k / GLM-5.3-flash-HTML
Sale of term, universal and permanent life insurance and individual annuity business to Swiss Re closed April 30, 2004; long term care and structured settlement businesses excluded. Resulting pretax investment loss of $618.6 million ($352.9 million after tax and minority interest). Employee headcount transferred not disclosed.
2004-12-31divestiture_reductioncompleted2004-08-012004-08-01United StatesCNA Financial — Life and Group Non-Core (retirement plan trust and recordkeeping business)other
f5-10k / GLM-5.3-flash-HTML
CNA Trust portfolio sold to Union Bank of California for approximately $12.0 million on August 1, 2004; charter sold November 19, 2004 and entity merged into buyer. Headcount not disclosed.
2004-12-31acquisition_additioncompleted2004-12-292004-12-29Texas, Louisiana, Mississippi, Alabama, FloridaBoardwalk Pipelines (Gulf South Pipeline Company, LP)USD 1,140 (millions)business_combinations_footnote
f5-10k / GLM-5.3-flash-HTML
Transaction value shown is the acquisition purchase price (funded with $575.0 million interim loan and ~$561.0 million cash); not a severance or workforce charge. Headcount added through the acquisition not disclosed.
2004-12-31divestiture_reductioncompleted2005-012005-01United StatesCNA Financial — Life and Group Non-Core (specialty medical business)Item_1_Business
f5-10k / GLM-5.3-flash-HTML
Subsequent to fiscal year-end: specialty medical business sold to Aetna in January 2005. The business contributed $14.6 million of CNA net income in 2004. Headcount not disclosed.
2004-12-31restructuringcompleted2003-01-012004-12-31United StatesCNA Financial — expense reduction initiativesMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
CNA undertook 2004 expense initiatives producing ~$100.0M savings via expense policies, facilities consolidation, and some workforce reductions; no headcount figure disclosed. A separate 2003 initiative reduced workforce ~5% (prior year, not extracted).
2004-12-31divestiture_reductioncompleted2004-04-302004-04-30United StatesCNA Financial — individual life insurance businessMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of individual life insurance business to Swiss Re completed April 30, 2004; headcount transferred not disclosed.
2004-12-31divestiture_reductioncompleted2004-08-012004-08-01United StatesCNA Financial — retirement plan trust and recordkeeping business (CNA Trust)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of CNA Trust business portfolio to Union Bank of California completed August 1, 2004; headcount transferred not disclosed.
2004-12-31divestiture_reductioncompleted2005-01-012005-01-31United StatesCNA Financial — specialty medical businessother
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Specialty medical business sold to Aetna in January 2005 (subsequent to fiscal year-end); headcount transferred not disclosed.
2004-12-31acquisition_additioncompleted2004-12-292004-12-29United StatesBoardwalk Pipelines — Gulf South Pipeline, LPbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Gulf South for ~$1.14 billion completed December 29, 2004; acquired headcount not disclosed.
2004-12-31restructuringcompleted2003-01-012004-12-31GlobalCNA FinancialUSD 100 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
CNA undertook additional expense initiatives in 2004 producing savings of approximately $100 million, including workforce reductions. Prior 2001 Plan restructuring accruals were largely depleted.
2004-12-31restructuringcompleted2003-01-012004-12-31GlobalCNA FinancialUSD 5 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Payments charged against liability for the 2001 Plan totaled $5.0 million in 2004. Remaining accrual of $15.0 million at year-end.
2004-12-31restructuringin_progress2004-01-01United StatesCNA FinancialMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
CNA undertook expense initiatives in 2004 producing ~$100M savings, including workforce reductions to a lesser extent; headcount impact not quantified. Further $100M savings targeted for 2005.
2004-12-31divestiture_reductioncompleted2004-04-302004-04-30United StatesCNA Financial — Life and Group Non-CoreMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of individual life insurance business to Swiss Re completed April 30, 2004; headcount transferred not disclosed.
2004-12-31divestiture_reductioncompleted2004-08-012004-08-01United StatesCNA Financial — Corporaterestructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of CNA Trust retirement plan trust and recordkeeping business to Union Bank of California; headcount transferred not disclosed.
2004-12-31acquisition_additioncompleted2004-12-292004-12-29United StatesBoardwalk Pipelinesrestructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Gulf South Pipeline, LP for ~$1.14 billion; headcount added not disclosed.
2004-12-31divestiture_reductionannounced2005-01-012005-01-31United StatesCNA Financial — Life and Group Non-Coresubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Specialty medical business sold to Aetna in January 2005; contributed $14.6M net income in 2004. Headcount transferred not disclosed.
2004-09-30restructuringcompletedCNA FinancialMD&A
f5-10q / Qwen3.6-27B-Q8_0
CNA achieved targeted workforce reduction of approximately five percent as part of 2003 expense initiative; actions completed in 2004.
2004-09-30restructuringin_progressCNA FinancialMD&A
f5-10q / Qwen3.6-27B-Q8_0
Additional expense initiatives in 2004 include workforce reductions to produce savings in excess of $100 million beginning in 2004 and continuing through 2005.
2004-06-30restructuringin_progress2003-01-012004-12-31GlobalCNA FinancialMD&A
f5-10q / Qwen3.6-27B-Q8_0
CNA implemented a workforce reduction of approximately five percent as part of a 2003 expense initiative. The targeted reduction was achieved as of December 31, 2003. Additional 2004 initiatives include 'workforce reductions' but no specific headcount is disclosed for the current quarter.
2004-03-31restructuringin_progress2004-12-31CNA FinancialUSD 1 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
IT Plan: $1.0 million in payments charged against liability; remaining accrual of $3.0 million expected to be paid through 2004.
2004-03-31restructuringin_progressCNA FinancialUSD 4 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
2001 Plan: $4.0 million in payments for lease termination costs charged against liability; remaining accrual of $16.0 million, approx $5.0 million expected in 2004.
2003-12-31restructuringcompleted2003-01-012003-12-31GlobalCNA FinancialUSD 28 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Reduction of workforce by approximately five percent. Targeted reduction achieved as of December 31, 2003.
2003-12-31divestiture_reductioncompleted1,2002003-12-312003-12-31United StatesCNA Financial - Group Benefitsrestructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Employees transferred to Hartford Financial Services Group.
2003-09-30restructuringin_progress5%2003-06-302004-12-31GlobalCNA FinancialUSD 16 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
CNA announced a $200 million expense reduction initiative in Q2 2003, including a workforce reduction of approximately 5%. $16 million in severance costs recorded for the nine months ended Sept 30, 2003.
2003-09-30restructuringcompleted2003-06-302003-06-30GlobalCNA Life OperationsUSD 4 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
CNA recorded $4 million pretax of associated severance costs in Q2 2003 related to reducing new sales of individual long term care products and certain infrastructure costs.
2003-06-30restructuringin_progress5%2003-06-302004-06-30GlobalCNA FinancialUSD 200 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
CNA launched a $200 million expense reduction initiative including a workforce reduction of approximately 5%. Strategies anticipated to be implemented over the next year.
2003-06-30restructuringin_progress2001-01-012004-12-31GlobalCNA Financial - IT OperationsUSD 4 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Accrued liability relating to employee termination and related benefit costs for the IT Plan was $4.0 million as of June 30, 2003. Remaining accrual expected to be paid through 2004.
2003-06-30restructuringin_progress2001-01-012003-12-31GlobalCNA Financial - Property and Casualty / LifeUSD 26 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Accrued liability for the 2001 Plan, relating primarily to lease termination costs, was $26.0 million as of June 30, 2003. Approximately $6.0 million expected to be paid in remainder of 2003.
2003-06-30restructuringcompleted2003-06-302003-06-30GlobalCNA Financial - Life OperationsUSD 4 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
CNA recorded $4.0 million pretax of associated severance costs in the second quarter of 2003 related to reducing new sales of individual long term care products and certain infrastructure costs.
2003-03-31restructuringin_progress2001-01-012004-12-31Information TechnologyUSD 5 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
IT Plan accrual for employee termination and related benefit costs; payments continue through 2004.
2003-03-31restructuringin_progress2001-01-01Property and Casualty, Life Operations, Group OperationsUSD 30 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
2001 Plan accrual for lease termination costs and impaired asset charges; approx $10M expected to be paid in remainder of 2003.
2002-12-31restructuringin_progress88220012003CNA — Standard LinesUSD 40 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Cumulative net employees released through fiscal year-end; plan targeted 1,063 positions. The 2001 charge comprised $27.0M severance/outplacement and $13.0M other salary costs; $8.0M of the accrual was reduced in Dec 2002 following successful redeployments, with $1.0M payable in 2003.
2002-12-31restructuringin_progress12620012003CNA — Specialty LinesUSD 7 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Cumulative net releases through fiscal year-end; 177 positions targeted. Charge was entirely employee termination costs ($5.0M severance/outplacement, $2.0M other salary); $1.0M of the accrual was reduced in Dec 2002, with $1.0M payable in 2003.
2002-12-31restructuringcompleted152001CNA — CNA ReUSD 6 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Cumulative net releases through fiscal year-end; 33 positions targeted. Charge included $2.0M employee termination and $4.0M lease termination costs (lease costs related solely to U.K. operations); the remaining $4.0M accrual was reduced upon the 2002 sale of CNA Re U.K.
2002-12-31restructuringcompleted822001CNA — Group OperationsUSD 42 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Cumulative net releases through fiscal year-end; 187 positions targeted. Charge included $7.0M employee termination costs and a $35.0M non-cash write-off of deferred acquisition costs on in-force variable life and annuity contracts.
2002-12-31restructuringcompleted1442001CNA — Life OperationsUSD 12 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Cumulative net releases through fiscal year-end; 207 positions targeted. Charge included $3.0M employee termination costs and $9.0M software impairment; the residual $1.0M software accrual was reduced in Dec 2002.
2002-12-31restructuringin_progress15720012003CNA — Other InsuranceUSD 82 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Cumulative net releases through fiscal year-end; 194 positions targeted. Charge included $9.0M employee termination and $73.0M lease termination/asset impairment costs; $7.0M lease and $14.0M impaired-asset accruals were reversed into 2002 income after office consolidations were delayed.
2002-12-31restructuringin_progress24920012005CNA — Information Technology (across segments)USD 62 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Cumulative releases through fiscal year-end; approximately 260 positions targeted, nearly all technology support staff. 2001 charge comprised $29.0M employee termination, $32.0M impaired assets and $1.0M other; $4.0M of the accrual was reduced in Dec 2002, with the remaining $5.0M payable through 2005.
2002-12-31divestiture_reductioncompleted2002-07-01United StatesCNA — Group Operations (Federal Markets)other
f5-10k / GLM-5.3-flash-HTML
Sale of federal health plan administrator Claims Administration Corporation and transfer of the Mail Handlers Plan to First Health Group on July 1, 2002; transferred headcount not disclosed. Transaction produced a $7.0M pretax realized loss and $15.0M of non-recurring fee income.
2002-12-31divestiture_reductioncompleted2002-10-31United KingdomCNA — CNA Re (U.K. reinsurance operations)other
f5-10k / GLM-5.3-flash-HTML
Sale of the U.K. reinsurance company to Tawa U.K. Limited completed October 31, 2002; intention to sell was first announced in Q2 2001. Employee headcount transferred not disclosed; the related CNA Re restructuring accrual was reduced as a result of the sale.
2002-12-31divestiture_reductioncompleted2002ChileCNA — Life Operations (CNA Vida, Chile)other
f5-10k / GLM-5.3-flash-HTML
Sale of the Chilean life operations to Consorcio Financiero completed in Q1 2002; presented as discontinued operations with a $31.0M after-tax and minority-interest loss. Employee headcount transferred not disclosed.
2002-12-31restructuringin_progress2492001United StatesCNA Financial — Information TechnologyUSD 62 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Cumulative through fiscal year-end 2002 since plan inception in 2001. Charge of $62.0M pretax was recorded in FY2001; $4.0M of accrual was reduced in FY2002. Remaining accrual of $5.0M expected to be paid through 2005.
2002-12-31restructuringin_progress8822001United StatesCNA Financial — Standard LinesUSD 40 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Cumulative through fiscal year-end 2002 since plan inception in 2001. Charge of $40.0M pretax recorded in FY2001 for 1,063 planned positions; $8.0M of accrual reduced in FY2002. $1.0M accrual remained at year-end.
2002-12-31restructuringin_progress1262001United StatesCNA Financial — Specialty LinesUSD 7 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Cumulative through fiscal year-end 2002 since plan inception in 2001. Charge of $7.0M pretax recorded in FY2001 for 177 planned positions; $1.0M of accrual reduced in FY2002. $1.0M accrual remained at year-end.
2002-12-31restructuringcompleted152001United States / United KingdomCNA Financial — CNA ReUSD 6 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Cumulative through fiscal year-end 2002 since plan inception in 2001. Charge of $6.0M pretax recorded in FY2001 for 33 planned positions. Remaining accrual reduced in FY2002 due to sale of CNA Re U.K.
2002-12-31restructuringin_progress822001United StatesCNA Financial — Group OperationsUSD 42 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Cumulative through fiscal year-end 2002 since plan inception in 2001. Charge of $42.0M pretax recorded in FY2001 for 187 planned positions, including $35.0M write-off of deferred acquisition costs on variable life and annuity contracts.
2002-12-31restructuringin_progress1442001United StatesCNA Financial — Life OperationsUSD 12 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Cumulative through fiscal year-end 2002 since plan inception in 2001. Charge of $12.0M pretax recorded in FY2001 for 207 planned positions, including $9.0M impaired software assets. $1.0M of accrual reduced in FY2002.
2002-12-31restructuringin_progress1572001United States / United KingdomCNA Financial — Other InsuranceUSD 82 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Cumulative through fiscal year-end 2002 since plan inception in 2001. Charge of $82.0M pretax recorded in FY2001 for 194 planned positions, including $73.0M lease termination and asset impairment. $22.0M of accrual reduced in FY2002; $36.0M accrual remained at year-end with ~$18.0M expected to be paid in 2003.
2002-12-31restructuringcompleted24920012005-12-31GlobalCNA Financial - IT PlanUSD 62 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
IT Plan initiated in 2001. 249 employees released through Dec 31, 2002. Remaining accrual expected to be paid through 2005.
2002-12-31restructuringin_progress1,8002001GlobalCNA Financial - 2001 PlanUSD 189 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
2001 Plan initiated in 2001. Cumulative releases through Dec 31, 2002: Standard Lines (882), Specialty Lines (126), CNA Re (15), Group Operations (82), Life Operations (144), Other Insurance (157). Total approx 1,800.
2002-09-30restructuringin_progress2001-01-012004-12-31CNA Information Technology operationsUSD 62 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Initial accrual of $62.0 million recorded in 2001, primarily severance and impaired asset write-offs; $10.0 million remained accrued at September 30, 2002. Employee termination payments continue through 2004 due to employment contract obligations. No employee counts disclosed.
2002-09-30restructuringin_progress2001-01-01CNA property and casualty segments, Life Operations, real estate consolidationUSD 189 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Initial accrual of $189.0 million recorded in 2001 covering employee termination benefits, lease terminations, impaired assets and other costs; $65.0 million remained accrued at September 30, 2002. No employee counts disclosed.
2002-09-30divestiture_reductioncompleted2002-03-012002-03-31ChileCNA Vida (CNA life operations in Chile)USD 31 (millions)other
f5-10q / GLM-5.3-flash-fp4-HTML
Sale of CNA Holdings Limited to Consorcio Financiero S.A. completed March 2002; proceeds of $73.0 million and a $31.0 million loss from discontinued operations. Headcount not disclosed.
2002-09-30divestiture_reductioncompleted2002-04-012002-07-01United StatesCNA Group Operations — Claims Administration Corporation and Mail Handlers PlanUSD 5 (millions)other
f5-10q / GLM-5.3-flash-fp4-HTML
Sale of Claims Administration Corporation and transfer of the Mail Handlers Plan to First Health Group effective July 1, 2002; $5.0 million pretax realized loss on sale plus $14.0 million pretax non-recurring fee income. Headcount not disclosed.
2002-09-30divestiture_reductioncompleted2002-07-152002-10-31United KingdomCNA Re U.K. (CNA Re Management Company Limited and CNA Reinsurance Company Limited)subsequent_events
f5-10q / GLM-5.3-flash-fp4-HTML
Sale to Tawa U.K. Limited (Artemis Group) completed October 31, 2002 for $1, subject to completion adjustments; business underwritten since inception sold except certain risks retained by CCC. Headcount not disclosed.
2002-09-30restructuringin_progress2001-06-302004-12-31Information TechnologyUSD 10 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
IT Plan accrual balance as of Sept 30, 2002. Employee termination payments continue through 2004.
2002-09-30restructuringin_progress2001-06-30Property and Casualty; Life OperationsUSD 65 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
2001 Plan accrual balance as of Sept 30, 2002. Includes lease termination and employee termination costs.
2002-06-30restructuringin_progress2001-01-012004-12-31Information TechnologyUSD 10 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
IT Plan accrual balance at June 30, 2002. Employee termination payments continue through 2004.
2002-06-30restructuringin_progress2001-01-01Property-Casualty and Life OperationsUSD 71 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
2001 Plan accrual balance at June 30, 2002. Includes lease termination and employee termination costs.
2002-03-31restructuringin_progress2001-01-012004-12-31Information TechnologyUSD 6 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
IT Plan restructuring charge of $6.0 million pretax incurred in Q1 2001 for employee severance; remaining accrual of $10.0 million at March 31, 2002; no new charges in 2002; termination and benefit payments continue through 2004 due to employment contract obligations.
2002-03-31restructuringin_progress2001-01-01Property-Casualty segments and Life OperationsUSD 152 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
2001 Plan covered reduction in property-casualty strategic business units, discontinuation of variable life and annuity business, and real estate consolidation; remaining accrual of $87.0 million at March 31, 2002 (employee termination $32.0M, lease termination $50.0M, impaired asset charges $5.0M); no new charges in 2002.
2002-03-31divestiture_reductioncompleted2002-03-31ChileCNA Vida (life insurance)USD 33 (millions)other
f5-10q / GLM-5.3-flash-fp4-HTML
Sale of CNA Holdings Limited (CNA Vida) common stock completed in March 2002 for proceeds of $73.0 million; after-tax and minority interest loss of $31.0 million from discontinued operations, comprising $32.8 million loss on sale offset by $1.8 million operating income.
2002-03-31divestiture_reductionin_progress2001-01-012002-12-31United KingdomCNA Re and CNA UniSource subsidiariesUSD 150 (millions)other
f5-10q / GLM-5.3-flash-fp4-HTML
U.K. subsidiaries of CNA Re and CNA UniSource held for disposition; approximately $150.0 million impairment loss recorded in 2001; assets of approximately $2,700.0 million; sales expected to be completed in 2002, subject to regulatory approval for U.K. insurance subsidiaries.
2002-03-31othercompleted2002-03-312002-03-31CNA UniSource PEO businessMD&A
f5-10q / GLM-5.3-flash-fp4-HTML
CNA UniSource exited the professional employer organization business effective March 31, 2002, terminating substantially all existing PEO client contracts; obligations being run off in an orderly manner with additional operating losses anticipated for the remainder of 2002.
2002-03-31divestiture_reductioncompleted2002-03-31ChileCNA Financial — Life Operations (CNA Vida)USD 31 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of CNA Holdings Limited (CNA Vida) life operations in Chile completed March 2002; loss of $31.0M after-tax and minority interest. No employee count disclosed.
2002-03-31divestiture_reductioncompleted2002-03-31United StatesCNA Financial — CNA UniSource (PEO business)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
CNA UniSource exited the PEO business as of March 31, 2002; substantially all PEO client contracts terminated. Payroll processing business (~$16M annual revenue) remains held for sale. No employee count disclosed.
2002-03-31restructuringin_progress2004-12-31United StatesCNA Financial — Information TechnologyUSD 6 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
IT Plan restructuring; $6.0M pretax severance charge incurred in Q1 2001. No charges in Q1 2002; $10.0M accrual remaining at March 31, 2002. Employee termination payments continue through 2004. No employee count disclosed.
2002-03-31restructuringin_progressUnited StatesCNA Financial — Property-Casualty segments and Life Operationsrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
2001 Plan restructuring covering SBU consolidation, Life Operations strategic changes, and real estate consolidation. No charges in Q1 2002; $87.0M accrual remaining at March 31, 2002 (employee termination $32.0M, lease termination $50.0M, impaired assets $5.0M). No employee count disclosed.
2002-03-31restructuringin_progress2001-01-012004-12-31Information TechnologyUSD 10 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
IT Plan accrual balance at March 31, 2002. Employee termination payments continue through 2004.
2002-03-31restructuringin_progress2001-01-01Property-Casualty and Life OperationsUSD 87 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
2001 Plan accrual balance at March 31, 2002. Includes employee termination, lease termination, and impaired asset charges.
2001-12-31restructuringcompleted2602001-062001-12-31Information Technology (enterprise-wide); charges recorded in Standard Lines, Specialty Lines, Life Operations and Other InsuranceUSD 29 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
IT Plan approved June 2001. Workforce reduction of approximately 260 positions gross (249 net); approximately 249 employees, nearly all technology support staff, released through Dec 31, 2001. Total pretax plan charges $62.0 million ($29.0 million employee termination, $32.0 million asset impairment, $1.0 million other); $10.0 million of termination costs remained accrued at year-end, with approximately $8.0 million expected to be paid in 2002. Item 1 states CNA's two 2001 restructuring plans together included a reduction of approximately 2,100 positions.
2001-12-31restructuringin_progress1,0632001-12-052002-03Standard Lines (Property-Casualty)USD 40 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
2001 Plan approved December 2001 and announced via Form 8-K on Dec 5, 2001. Planned reduction of 1,063 positions (gross and net); approximately 510 employees released through Dec 31, 2001, remainder expected to be released in Q1 2002. Charges comprise $27.0 million severance/outplacement and $13.0 million other salary costs. Program-wide, management anticipates approximately $100 million of cost savings in 2002.
2001-12-31restructuringin_progress1772001-12-052002-03Specialty LinesUSD 7 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Planned reduction of 177 positions (gross and net); approximately 107 employees released through Dec 31, 2001 ($5.0 million severance/outplacement and $2.0 million other salary costs).
2001-12-31restructuringin_progress332001-12-052002-03CNA ReUSD 2 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Planned reduction of 33 positions (gross and net); no employees released through Dec 31, 2001. Segment also recorded $4.0 million of lease termination costs relating to its United Kingdom operations.
2001-12-31restructuringin_progress382001-12-052002-03Group OperationsUSD 1 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Planned reduction of 38 positions (gross and net); no employees released through Dec 31, 2001.
2001-12-31restructuringin_progress3562001-12-052002-03Life OperationsUSD 9 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Planned reduction of 356 positions (gross and net); approximately 7 employees released through Dec 31, 2001. Segment also recorded $9.0 million of software impairment and a $35.0 million write-off of deferred acquisition costs on in-force variable life and annuity contracts tied to the plan's discontinuation of that business.
2001-12-31restructuringin_progress1942001-12-052002-03Other InsuranceUSD 9 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Planned reduction of 194 positions (gross and net); 129 employees released through Dec 31, 2001. Segment also recorded $73.0 million of lease termination and asset impairment charges for office closures and consolidation decisions not within the control of the other affected segments. Real estate consolidation expected to continue through 2002.
2001-12-31plant_closurein_progressUnited StatesStandard Lines — Property & Casualty field structureItem_1_Business
f5-10k / GLM-5.3-flash-HTML
Field structure being streamlined from 169 branch locations to five regions comprising 68 branch locations in 63 cities. No headcount impact, charge, or timeline separately disclosed; may relate to the December 2001 restructuring's real estate consolidation.
2001-12-31divestiture_reductionin_progress2001-062002United Kingdom (principal); certain other subsidiaries also held for saleCNA Re (U.K. reinsurance subsidiaries)USD 137 (millions)other
f5-10k / GLM-5.3-flash-HTML
CNA announced during Q2 2001 (exact date within quarter not disclosed) its intention to sell certain subsidiaries, principally the U.K. subsidiaries of CNA Re; CNA Re U.K. ceased new underwriting in Q3 2001. Sale subject to regulatory approval, expected completion in 2002. 2001 realized loss of $136.6 million after-tax and minority interest; the initial Q2 2001 impairment estimate of $278.4 million was reduced by $153.4 million in Q4 on updated impairment analyses. No headcount disclosed.
2001-12-31restructuringcompleted2492001-062001-12-31United StatesInformation Technology / Technology and Operations GroupUSD 62 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
260 positions planned gross, 249 net released by year-end; charge includes $32M impaired assets and $1M other costs beyond $29M employee termination
2001-12-31restructuringin_progress1,0632001-122002-03-31United StatesStandard Lines (Property-Casualty)USD 40 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Planned reductions of 1,063 positions; approximately 510 released by 2001-12-31; charge entirely employee termination costs
2001-12-31restructuringin_progress1772001-122002-03-31United StatesSpecialty Lines (Property-Casualty)USD 7 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Planned reductions of 177 positions; approximately 107 released by 2001-12-31; charge entirely employee termination costs
2001-12-31restructuringin_progress332001-122002-03-31United States / United KingdomCNA ReUSD 6 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Planned reductions of 33 positions; none released by 2001-12-31; charge includes $4M UK lease termination costs
2001-12-31restructuringin_progress382001-122002-03-31United StatesGroup OperationsUSD 1 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Planned reductions of 38 positions; none released by 2001-12-31; charge entirely employee termination costs
2001-12-31restructuringin_progress3562001-122002-03-31United StatesLife OperationsUSD 53 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Planned reductions of 356 positions; approximately 7 released by 2001-12-31; charge includes $9M software impairment and $35M deferred acquisition cost write-off for discontinued variable life and annuity business
2001-12-31restructuringin_progress1942001-122002-03-31United StatesOther InsuranceUSD 82 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Planned reductions of 194 positions; 129 released by 2001-12-31; charge includes $52M lease termination and $21M asset impairment for office consolidation
2001-12-31restructuringcompleted2,1002001-06-012001-12-31GlobalCNA Financial CorporationUSD 251 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Includes IT Plan (260 positions gross, 249 net released) and 2001 Plan (various segments). Total pretax charges $251 million. CNA announced reduction of 2,100 positions.
2001-09-30restructuringin_progress2602001-04-01Information Technology operations (CNA)USD 62 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
IT Plan approved in Q2 2001; ~260 positions reduced (gross and net); charge includes ~$32.0M asset write-offs, ~$29.0M workforce reductions, ~$1.0M other costs. No Q3 charges; no significant additional charges expected.
2001-09-30restructuringin_progress2001-04-01Corporate and Other segment (CNA)USD 37 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Component of the $62.0M IT Plan charge: $14.0M asset write-offs, $22.0M workforce reductions, $1.0M other costs.
2001-09-30restructuringin_progress2001-04-01Life Operations (CNA)USD 17 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Write-off of software abandoned pursuant to the technology roadmap.
2001-09-30restructuringin_progress2001-04-01Agency Market Operations, Property and Casualty segment (CNA)USD 4 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Almost entirely workforce reduction from centralization of IT resources.
2001-09-30restructuringin_progress2001-04-01Risk Management, Property and Casualty segment (CNA)USD 2 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
$1.0M workforce reduction from IT centralization; $1.0M primarily hardware write-offs.
2001-09-30restructuringannounced2001-09-302001-12-31CNA (expense structure alignment)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
CNA evaluating a restructuring initiative to align expenses with expected premium volume; plan to be finalized in Q4 2001 with a restructuring charge expected before year-end; amount unknown and may be material.
2001-09-30restructuringin_progress2602001-06-30United StatesInformation Technology (CNA)USD 62 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
IT Plan approved in Q2 2001; ~260 positions (gross and net) plus software/hardware write-offs. No charges recorded in Q3 2001. $13.0M accrual remaining at 9/30/01.
2001-09-30restructuringannounced2001-09-30United StatesCNA (enterprise-wide expense restructuring)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
CNA evaluating an additional restructuring initiative to align expenses with premium volume; plan expected to be finalized in Q4 2001 with a charge before year-end. Amount and headcount impact unknown at filing date.
2001-09-30restructuringin_progress2602001-04-01Information TechnologyUSD 62 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
CNA IT Plan finalized in Q2 2001. Charge includes $29M workforce reductions, $32M asset write-offs. Accrual of $30M established; $17M paid by Sept 30, 2001.
2001-06-30restructuringin_progress2602001-04-01Information Technology operations (enterprise-wide)USD 62 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
CNA finalized IT Plan in Q2 2001; $62.0 pre-tax charge includes ~$32.0 asset write-offs (software/hardware), $29.0 workforce reductions (~260 positions gross and net), and $1.0 other costs. $30.0 accrual established; $6.0 paid through June 30, 2001, leaving $24.0 accrual. No significant additional charges expected; savings will fund new technology initiatives rather than reduce operating expense.
2001-06-30restructuringin_progress2001-04-01Other Insurance segmentUSD 37 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Component of the IT Plan: $14.0 asset write-offs, $22.0 workforce reductions, $1.0 other costs. Majority of IT Plan costs borne by Other Insurance segment because future savings fund corporate IT initiatives.
2001-06-30restructuringin_progress2001-04-01Life OperationsUSD 17 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Represents write-off of software abandoned pursuant to the technology roadmap.
2001-06-30restructuringin_progress2001-04-01Agency Market Operations (Property and Casualty segment)USD 4 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Costs related almost entirely to workforce reduction stemming from centralization of IT resources.
2001-06-30restructuringin_progress2001-04-01Risk Management (Property and Casualty segment)USD 2 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Approximately $1.0 related to workforce reduction from IT centralization; remaining $1.0 primarily hardware write-off.
2001-06-30restructuringin_progress2602001-06-30United StatesInformation Technology (CNA Financial)USD 62 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
IT Plan finalized in Q2 2001; charge includes ~$32M asset write-offs, ~$29M workforce reductions, ~$1Other costs. Approximately 260 positions (gross and net). No further significant charges expected in any single future quarter.
2001-06-30restructuringin_progress2602001-06-30Information TechnologyUSD 62 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
CNA finalized IT Plan; charges include $29.0M for workforce reductions of approx 260 positions (gross and net) and $32.0M for asset write-offs.
2001-03-31restructuringcompletedUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Approximately $2.0 million of accrued lease termination costs from prior restructuring were paid in Q1 2001.
2000-12-31divestiture_reductioncompleted2000-10-062000-12-31United StatesCNA Financial — Life Reinsurancerestructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
CNA sold individual life reinsurance business to Munich American Reassurance Company effective December 31, 2000; no employee headcount impact disclosed
2000-12-31restructuringcompleted2,4001998-08-011999-12-31GlobalCNA FinancialUSD 246 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Plan approved in August 1998. Gross reduction of 4,500 employees, resulting in planned net reduction of approximately 2,400 employees. Essentially all aspects completed by December 31, 1999. No restructuring-related charges incurred in 2000, but payments were made on amounts accrued.
2000-09-30restructuringin_progress1998-08CNA - Agency Market OperationsUSD 48 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Charges recorded in first nine months of 1999 under CNA restructuring plan initiated August 1998; included $17.0 million severance and outplacement costs tied to a planned net workforce reduction, $9.0 million consulting, $10.0 million parallel processing, and ~$12.0 million relocation/facility charges. No employee count disclosed. No new charges in 2000; payments made against prior accrual.
2000-09-30restructuringin_progress1998-08CNA - Risk ManagementUSD 8 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
First nine months 1999 charges included ~$3.0 million parallel processing, ~$2.0 million employee severance and outplacement, ~$5.0 million consulting and facility charges; lease termination estimate reduced by $2.0 million. No employee count disclosed.
2000-09-30restructuringin_progress1998-08CNA - Group OperationsUSD 5 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
First nine months 1999 charges related primarily to employee severance and other charges. No employee count disclosed.
2000-09-30restructuringin_progress1998-08CNA - Other segmentsUSD 9 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
First nine months 1999 charges for other CNA segments related primarily to employee severance costs. No employee count disclosed.
2000-09-30divestiture_reductioncompleted1999-10-011999-10-01United StatesCNA Personal Insuranceother
f5-10q / GLM-5.3-flash-fp4-HTML
On October 1, 1999 CNA's personal lines insurance business and related employees were transferred to The Allstate Corporation; headcount transferred not disclosed. CNA continues writing and reinsuring the business with Allstate pending Allstate's 2002 option to purchase five CNA insurance subsidiaries.
2000-09-30restructuringin_progress1998-08-01United StatesCNA Financial — Agency Market Operations, Risk Management, Group Operations, and other segmentsUSD 19 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
CNA restructuring plan initiated August 1998. No new charges in 2000; $19.0M accrual remaining at Sept 30, 2000 after $27.0M in payments during the nine months. Employee headcount affected not disclosed.
2000-09-30divestiture_reductioncompleted1999-10-011999-10-01United StatesCNA Financial — Personal Insuranceother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
CNA personal lines insurance business and related employees transferred to Allstate on October 1, 1999. Number of employees transferred not disclosed.
2000-09-30restructuringin_progress1998-08-01CNA FinancialUSD 27 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Payments charged against liability for CNA restructuring plan initiated in August 1998. Includes employee termination, lease termination, and business exit costs. No new charges incurred in 2000.
2000-09-30divestiture_reductioncompleted1999-10-011999-10-01CNA Personal Insurancebusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Transfer of CNA Personal Insurance business and related employees to The Allstate Corporation.
2000-06-30restructuringin_progress1998-08-01CNA FinancialUSD 46 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
CNA restructuring plan initiated August 1998; no new charges in 2000. Accrued costs of $46.0 million at December 31, 1999 (employee termination benefits $4.0, lease termination $27.0, business exit costs $15.0); $20.0 million paid in first half 2000, leaving $26.0 million accrued at June 30, 2000. No employee counts disclosed.
2000-06-30restructuringin_progress1998-08-01CNA FinancialUSD 20 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Payments charged against liability for CNA restructuring plan initiated in August 1998. Includes employee termination, lease termination, and business exit costs. No new charges incurred in 2000.
2000-03-31restructuringcompleted1998-08-01CNA FinancialUSD 35 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
CNA restructuring plan initiated August 1998; Q1 1999 charges of $35.0 million across Agency Market Operations (~$20.0), Risk Management (~$5.0), Group Operations (~$5.0) and other segments (~$5.0), primarily employee severance. No restructuring expenses incurred in Q1 2000; $12.0 million of accrued costs paid during the quarter, leaving $34.0 million accrued at March 31, 2000. Employee counts not disclosed.
2000-03-31restructuringin_progress1998-08-01CNA FinancialUSD 12 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Payments charged against liability during Q1 2000 related to CNA restructuring plan initiated in August 1998. Includes employee termination benefits, lease terminations, and business exit costs. No new restructuring expenses incurred in Q1 2000.
1999-12-31restructuringcompleted1,0001998-08-051999-12-31United StatesCNA Financial — Agency Market OperationsUSD 60 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
1999 Period Costs of ~$60.0M; ~1,000 employees released during 1999, majority office support staff. Part of CNA's multi-year restructuring plan announced August 1998.
1999-12-31restructuringcompleted1361998-08-051999-12-31United StatesCNA Financial — Risk ManagementUSD 10 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
1999 Period Costs of ~$10.0M; ~136 employees released during 1999, majority claims adjusters and office support staff.
1999-12-31restructuringcompleted3001998-08-051999-12-31United StatesCNA Financial — Group OperationsUSD 5 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
1999 Period Costs of ~$5.0M; ~300 employees released during 1999, majority claims adjusters and sales support staff.
1999-12-31restructuringcompleted6001998-08-051999-12-31United StatesCNA Financial — Other segmentsUSD 8 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
600 employees is cumulative through fiscal year-end 1999 (270 through 1998). 1999 Period Costs of ~$8.0M. Majority underwriters and office support staff.
1999-12-31divestiture_reductioncompleted1999-10-01United StatesCNA Financial — Personal Insurancebusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Personal lines insurance business and related employees transferred to The Allstate Corporation. No specific headcount disclosed. Announcement date not stated in filing.
1999-12-31restructuringcompleted2,4001998-08-051999-12-31United StatesCNA FinancialUSD 46 (millions)Item_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Plan announced Aug 1998. Gross reduction of 4,500 employees resulting in net reduction of 2,400. Essentially all aspects completed by Dec 31, 1999. $46.2M charge in 1999.
1999-12-31divestiture_reductioncompleted1999-10-011999-10-01United StatesCNA Financial - Personal InsuranceItem_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Transfer of substantially all personal lines insurance business and related employees to Allstate.
1999-09-30restructuringin_progress1998-08-01CNA Financial - Property and Casualty Agency Market OperationsUSD 48 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Nine-month 1999 charges include $17.0M employee severance and outplacement for planned net workforce reduction, $9.0M consulting, $10.0M parallel processing, and ~$12.0M relocation and facility charges
1999-09-30restructuringin_progress1998-08-01CNA Financial - Property and Casualty Risk ManagementUSD 8 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Includes ~$3.0M parallel processing, ~$2.0M employee severance and outplacement, ~$5.0M consulting and facility charges; lease termination cost estimate reduced by $2.0M
1999-09-30restructuringin_progress1998-08-01CNA Financial - Group OperationsUSD 5 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Charges related to employee severance and other charges
1999-09-30restructuringin_progress1998-08-01CNA Financial - Other segmentsUSD 9 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Primarily employee termination related costs
1999-09-30divestiture_reductioncompleted1999-10-011999-10-01CNA Financial - Personal lines insurance businesssubsequent_events
f5-10q / GLM-5.3-flash-fp4-HTML
CNA transferred personal lines business to Allstate with ~$1.2 billion of policy liabilities assumed; CNA received $140.0 million cash; no headcount figures disclosed
1999-09-30restructuringin_progress1998-08-01United StatesCNA Financial — Agency Market OperationsUSD 48 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Includes $17.0M severance/outplacement for planned net workforce reduction, $9.0M consulting, $10.0M parallel processing, $12.0M relocation/facility charges. No employee count disclosed.
1999-09-30restructuringin_progress1998-08-01United StatesCNA Financial — Risk ManagementUSD 8 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Includes ~$3.0M parallel processing, ~$2.0M severance/outplacement, ~$5.0M other; offset by $2.0M lease termination reduction. No employee count disclosed.
1999-09-30restructuringin_progress1998-08-01United StatesCNA Financial — Group OperationsUSD 5 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Employee severance and other charges. No employee count disclosed.
1999-09-30restructuringin_progress1998-08-01United StatesCNA Financial — Other segmentsUSD 9 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Primarily employee termination related costs. No employee count disclosed.
1999-09-30divestiture_reductioncompleted1999-10-01United StatesCNA Financial — Personal lines insurance businesssubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
CNA completed transaction with Allstate on 1999-10-01 transferring ~$1,200.0M of policy liabilities; received $140.0M cash. No headcount impact disclosed.
1999-09-30restructuringin_progress1998-08CNA Property and Casualty Agency Market OperationsUSD 48 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Includes $17.0 million in employee severance and outplacement costs related to planned net workforce reduction.
1999-09-30restructuringin_progress1998-08CNA Property and Casualty Risk ManagementUSD 8 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Includes approximately $2.0 million in employee severance and outplacement costs.
1999-09-30restructuringin_progress1998-08CNA Group OperationsUSD 5 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charges related to employee severance and other charges.
1999-09-30restructuringin_progress1998-08CNA Other SegmentsUSD 9 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Primarily for employee termination related costs.
1999-06-30restructuringin_progress1998-08-01CNA Financial - Property and Casualty Agency Market OperationsUSD 37 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Includes employee severance and outplacement costs of $15.0 million tied to a planned net workforce reduction, consulting costs of $5.0 million, parallel processing charges of $4.0 million, and other relocation and facility charges of approximately $13.0 million.
1999-06-30restructuringin_progress1998-08-01CNA Financial - Property and Casualty Risk ManagementUSD 8 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Includes parallel processing costs of approximately $3.0 million, employee severance and outplacement costs of approximately $2.0 million, and consulting and facility charges of approximately $3.0 million.
1999-06-30restructuringin_progress1998-08-01CNA Financial - Group OperationsUSD 5 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Charges relate to employee severance and other costs.
1999-06-30restructuringin_progress1998-08-01CNA Financial - Other segmentsUSD 5 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Primarily employee termination related costs.
1999-06-30restructuringin_progress1998-08-01United StatesCNA Financial — Property and Casualty Agency Market OperationsUSD 37 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Includes $15.0M employee severance and outplacement for planned net workforce reduction, $5.0M consulting, $4.0M parallel processing, $13.0M other relocation/facility charges. No employee count disclosed.
1999-06-30restructuringin_progress1998-08-01United StatesCNA Financial — Property and Casualty Risk ManagementUSD 8 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Includes ~$3.0M parallel processing, ~$2.0M employee severance and outplacement, ~$3.0M other consulting/facility charges. No employee count disclosed.
1999-06-30restructuringin_progress1998-08-01United StatesCNA Financial — Group OperationsUSD 5 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Employee severance and other charges. No employee count disclosed.
1999-06-30restructuringin_progress1998-08-01United StatesCNA Financial — Other segmentsUSD 5 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Primarily employee termination related costs. No employee count disclosed.
1999-06-30divestiture_reductionannounced1999-06-091999-12-31United StatesCNA Financial — Personal Lines businessother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
CNA announced sale of personal lines business to Allstate via reinsurance agreements. No headcount impact disclosed; personal lines surplus remains with CNA.
1999-06-30restructuringin_progress1998-08CNA Property and Casualty Agency Market OperationsUSD 37 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Includes $15.0 million for employee severance and outplacement costs related to planned net workforce reduction.
1999-06-30restructuringin_progress1998-08CNA Property and Casualty Risk ManagementUSD 8 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Includes approximately $2.0 million for employee severance and outplacement costs.
1999-06-30restructuringin_progress1998-08CNA Group OperationsUSD 5 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charges relate to employee severance and other charges.
1999-06-30restructuringin_progress1998-08CNA Other SegmentsUSD 5 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charges were primarily for employee termination related costs.
1999-03-31restructuringin_progress1998-08-01CNA Financial - Agency Market OperationsUSD 21 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Includes $10.0 million employee-related costs for planned net workforce reduction, $1.0 million consulting, $3.0 million parallel processing, and ~$7.0 million relocation and facility charges. Part of CNA restructuring plan initiated August 1998.
1999-03-31restructuringin_progress1998-08-01CNA Financial - Risk ManagementUSD 5 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Includes ~$2.0 million consulting costs and ~$3.0 million parallel processing and other charges.
1999-03-31restructuringin_progress1998-08-01CNA Financial - Group OperationsUSD 5 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Charges relate to employee-related costs.
1999-03-31restructuringin_progress1998-08-01CNA Financial - Other segmentsUSD 4 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Charges related primarily to employee-related costs.
1999-03-31restructuringin_progress1998-08-01United StatesCNA Financial — Property and Casualty Agency Market OperationsUSD 21 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Includes $10.0M employee-related costs for planned net workforce reduction, $1.0M consulting, $3.0M parallel processing, and ~$7.0M relocation/facility charges. No employee count disclosed.
1999-03-31restructuringin_progress1998-08-01United StatesCNA Financial — Property and Casualty Risk ManagementUSD 5 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Includes ~$2.0M consulting costs and ~$3.0M parallel processing and other charges. No employee count disclosed.
1999-03-31restructuringin_progress1998-08-01United StatesCNA Financial — Group OperationsUSD 5 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Employee-related costs. No employee count disclosed.
1999-03-31restructuringin_progress1998-08-01United StatesCNA Financial — Other segmentsUSD 4 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Primarily employee-related costs. No employee count disclosed.
1999-03-31restructuringin_progress1998-08-01CNA Property and Casualty Agency Market OperationsUSD 21 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Includes $10.0 million in employee-related costs for planned net workforce reduction.
1999-03-31restructuringin_progress1998-08-01CNA Property and Casualty Risk ManagementUSD 5 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charges include consulting and parallel processing costs; no specific employee count disclosed.
1999-03-31restructuringin_progress1998-08-01CNA Group OperationsUSD 5 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charges relate primarily to employee-related costs; no specific employee count disclosed.
1999-03-31restructuringin_progress1998-08-01Other CNA SegmentsUSD 4 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charges related primarily to employee-related costs; no specific employee count disclosed.
1998-12-31restructuringin_progress1,2001998-081999-12-31United StatesCNA Financial — Property and Casualty Agency Market OperationsUSD 96 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Planned net workforce reduction of ~1,200. Total charges include $34M severance/outplacement, $29M lease termination, $12M benefit plan costs, $7M parallel processing, $5M asset writedowns, $9M other. 364 employees released through year-end at cost of $8M.
1998-12-31restructuringin_progress2001998-081999-12-31United StatesCNA Financial — Property and Casualty Risk ManagementUSD 88 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Net workforce reduction of ~200. Charges include $64M asset writedowns (including $59M goodwill), $10M severance, $8M lease termination, $6M other. 152 employees released through year-end at cost of $2M.
1998-12-31restructuringin_progress4001998-081999-12-31United StatesCNA Financial — Group OperationsUSD 39 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Planned net workforce reduction of ~400. Charges include $29M business exit costs (Employer Health and Affinity lines), $7M severance, $3M lease termination. 56 employees released through year-end at cost of $1M.
1998-12-31restructuringin_progress6001998-081999-12-31United StatesCNA Financial — Other segmentsUSD 23 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Planned net workforce reduction of 600. Charges include $13M severance/benefits, $4M asset writedowns, $3M business exit, $3M facility closures. 270 employees released through year-end at cost of $3M.
1998-12-31restructuringin_progress2,4001998-09-301999-12-31GlobalCNA FinancialUSD 190 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Plan announced in Q3 1998. Gross reduction of 4,500 employees, resulting in planned net reduction of approx 2,400. Charges include terminations, lease abandonments, asset writedowns.
1998-12-31restructuringcompleted1,2001998-09-301999-12-31GlobalCNA Financial - Agency Market OperationsUSD 96 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Planned net reduction in workforce of approx 1,200 employees. Through Dec 31, 1998, approx 364 employees released.
1998-12-31restructuringcompleted2001998-09-301999-12-31GlobalCNA Financial - Risk ManagementUSD 88 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Net reduction in workforce of approx 200 employees. Through Dec 31, 1998, approx 152 employees released.
1998-12-31restructuringcompleted4001998-09-301999-12-31GlobalCNA Financial - Group OperationsUSD 39 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Planned net reduction in workforce of approx 400 employees. Through Dec 31, 1998, approx 56 employees released.
1998-12-31restructuringcompleted6001998-09-301999-12-31GlobalCNA Financial - Other SegmentsUSD 23 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Planned net reductions of 600 employees. Through Dec 31, 1998, approx 270 employees released.
1998-09-30restructuringin_progress4,5001998-08-05United StatesCNA (insurance)USD 220 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Gross reduction of approximately 4,500 employees; net reduction expected to be approximately 2,400 upon completion. Charges include employee termination benefits ($72.0M), asset writedowns ($74.0M), lease abandonment ($42.0M) and losses from exiting businesses ($32.0M). Additional $125.0-$175.0M in charges expected over next 12-15 months.
1998-09-30restructuringin_progress2001998-08-05United StatesCNA Risk ManagementUSD 79 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Consolidation of claim offices in ~36 market territories (~$8.0M lease abandonment), ~$7.0M termination benefits, ~$64.0M fixed and intangible asset writedowns.
1998-09-30restructuringin_progress1,2001998-08-05United StatesCNA Commercial InsuranceUSD 57 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Consolidation of four regional offices into two zone offices and reduction of claim processing offices from 24 to 8 (~$21.0M lease abandonment); ~$31.0M termination benefits; ~$5.0M fixed asset writedowns.
1998-09-30restructuringin_progress4001998-08-05United StatesCNA Group Insurance (exit of Employer Health and Affinity lines)USD 38 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Charges primarily relate to exiting Employer Health and Affinity Health lines of business, including termination benefit costs.
1998-09-30restructuringin_progress1998-08-05United StatesCNA other departmentsUSD 25 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Relates primarily to closing leased facilities and termination benefits for workforce reductions; an additional ~$21.0M in incremental benefit plan expenses was recorded.
1998-09-30restructuringin_progress2001998-08-05United StatesRisk ManagementUSD 79 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Net workforce reduction of approximately 200 employees; charges include claim office consolidation across ~36 territories, termination benefits, and asset writedowns. Part of CNA's broader plan to reduce current workforce by ~4,500 (net ~2,400).
1998-09-30restructuringin_progress1,2001998-08-05United StatesCommercial InsuranceUSD 57 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Net workforce reduction of approximately 1,200 employees; includes consolidation of four regional offices into two zone offices and reduction of claim processing offices from 24 to 8.
1998-09-30restructuringin_progress4001998-08-05United StatesGroup InsuranceUSD 38 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Net workforce reduction of approximately 400 employees; primarily related to exiting the Employer Health and Affinity Health lines of business.
1998-09-30restructuringin_progress1998-08-05United StatesCorporate / Other DepartmentsUSD 46 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Includes ~$25.0M for other departments (facility closures and termination benefits) plus ~$21.0M incremental benefit plan expenses. Employee count not separately disclosed for this component. Total program charges ~$220.0M with additional $125–175M expected over next 12–15 months.
1998-09-30restructuringin_progress4,5001998-09-30GlobalCNA Financial CorporationUSD 220 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Plan finalized in Q3 1998. Includes net reduction of approx. 2,400 employees upon completion. Charges include $72M termination benefits, $74M asset writedowns, $42M lease abandonment, $32M business exit losses.
1998-09-30restructuringin_progress2001998-09-30GlobalCNA Risk ManagementUSD 79 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Subset of CNA restructuring. Consolidation of claim offices in 36 territories. $8M lease abandonment, $7M termination benefits, $64M asset writedowns.
1998-09-30restructuringin_progress1,2001998-09-30GlobalCNA Commercial InsuranceUSD 57 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Subset of CNA restructuring. Consolidation of regional offices and claim processing centers. $21M lease abandonment, $31M termination benefits, $5M asset writedowns.
1998-09-30restructuringin_progress4001998-09-30GlobalCNA Group InsuranceUSD 38 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Subset of CNA restructuring. Exiting Employer Health and Affinity lines. Termination benefits for workforce reduction.
1998-06-30restructuringannounced10%1998-08-05United StatesCNA Financial Corporation — commercial insurance, risk management, corporate support areasMD&A
f5-10q / GLM-5.3-flash-fp4-HTML
CNA announced a business reassessment involving facility closures, consolidation of processing locations, and workforce reduction. CNA's current workforce of approximately 24,000 employees is expected to be reduced by approximately 10%. Estimated pre-tax restructuring charge of $100.0 to $140.0 million plus $200.0 to $260.0 million of transition costs over 12 to 18 months; third-quarter pre-tax earnings impact estimated at $175.0 to $260.0 million. Anticipated annualized savings of $300.0 to $350.0 million and roughly a 2-point expense ratio reduction.
1998-06-30restructuringannounced10%1998-08-051998-09-30United StatesCNA Insurance (commercial insurance, risk management, corporate support)USD 100 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
CNA announced a reassessment of its businesses involving reorganization of multiple businesses and corporate support areas. Workforce of approximately 24,000 to be reduced by approximately 10%. Pre-tax restructuring charge estimated at $100–140 million, plus $200–260 million in transition costs over 12–18 months. Plan expected to be finalized by end of Q3 1998. Includes consolidating four regional offices into two, reducing claim processing offices from 24 to 8, and centralizing policy processing in Orlando, FL.
1998-06-30restructuringannounced10%1998-08-051999-12-31GlobalInsurance (CNA)USD 175 (millions)subsequent_events
f5-10q / Qwen3.6-27B-Q8_0
CNA announced reassessment involving reorganization, facility closures, and workforce reduction of approximately 10%. Pre-tax impact on third-quarter earnings estimated at $175.0 to $260.0 million.
1996-12-31acquisition_additioncompleted1996-04-291996-04-29InternationalDiamond Offshore Drillingbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Diamond Offshore acquired Arethusa (Off-Shore) Limited; fleet of 11 owned rigs plus 2 bareboat-chartered rigs. Employee headcount added not disclosed.
1996-12-31divestiture_reductioncompleted1996-12-311996-12-31United StatesDiamond Offshore Drilling — land drillingItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Diamond Offshore exited the land drilling business with sale of land rigs and equipment for approximately $26 million. Employee headcount affected not disclosed.
1995-12-31acquisition_additioncompleted1994-12-061995-05-10United StatesProperty/Casualty InsuranceUSD 1,100 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
CNA acquired all outstanding shares of The Continental Corporation for approximately $1.1 billion; no headcount added through the acquisition is disclosed.
1995-12-31divestiture_reductioncompleted1995-11-24United StatesInvestments (CBS Inc. stake)USD 579 (millions)other
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Loews sold its CBS shares upon Westinghouse's acquisition of CBS; this was an equity investment disposition, not an operating divestiture. No workforce impact disclosed.