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CNA Announces Sale of Its 50% Interest in First Insurance Company of Hawaii, Ltd.


CHICAGO--(BUSINESS WIRE)-- Today, CNA Financial Corporation (NYSE: CNA) announced that it has agreed to the sale of its 50% ownership interest in First Insurance Company of Hawaii, Ltd., the largest property & casualty insurance company headquartered in Hawaii, to Tokio Marine & Nichido Fire Insurance Co., Ltd., the sole other shareholder in the Hawaiian subsidiary.

“This sale is another step in streamlining our operations and focusing on our core strategies,” said Tom Motamed, chairman and chief executive officer, CNA. “We believe it is an excellent transaction for both parties, and we are grateful for our many years of partnership with Tokio Marine.”

The sale, which is subject to regulatory approval, is not expected to have a material impact on GAAP book value, but will increase statutory surplus.

Serving businesses and professionals since 1897, CNA is the country’s seventh largest commercial insurance writer and the 13th largest property and casualty company. CNA’s insurance products include standard commercial lines, specialty lines, surety, marine and other property and casualty coverages. CNA's services include risk management, information services, underwriting, risk control and claims administration. For more information, please visit CNA at CNA is a registered trademark of CNA Financial Corporation.

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This press release may include statements which relate to anticipated future events (forward-looking statements) rather than actual present conditions or historical events. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and generally include words such as “believes”, “expects”, “intends”, “anticipates”, “estimates”, and similar expressions. Forward-looking statements, by their nature, are subject to a variety of inherent risks and uncertainties that could cause actual results to differ materially from the results projected. Many of these risks and uncertainties cannot be controlled by CNA. For a detailed description of these risks and uncertainties please refer to CNA’s filings with the Securities and Exchange Commission, available at

Any forward-looking statements made in this press release are made by CNA as of the date of this press release. Further, CNA does not have any obligation to update or revise any forward-looking statement contained in this press release, even if CNA’s expectations or any related events, conditions or circumstances change.

Source: CNA Financial Corporation



CNA Financial Corporation

Katrina Parker, 312-822-5167

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