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|                                 |
|---------------------------------|
|                                 |  |  |
| MEDIA:                          |   | ANALYSTS: |
| Jennifer Martinez, 312/822-5167 |   | James Anderson, 312/822-7757 |
| Sarah Pang, 312/822-6394        |   | David Adams, 312/822-2183 |

|         |                                          |
|---------|------------------------------------------|
| • | NET OPERATING INCOME OF $231 MILLION |

|         |                                           |
|---------|-------------------------------------------|
| • | P&C NET WRITTEN PREMIUM GROWTH OF 10% |

|         |                                                                  |
|---------|------------------------------------------------------------------|
| • | BOOK VALUE PER SHARE EXCLUDING AOCI OF $43.30, AN INCREASE OF 2% |

|         |                     |
|---------|---------------------|
| • | OPERATING ROE OF 8% |

|         |                                       |
|---------|---------------------------------------|
| • | QUARTERLY DIVIDEND OF $0.20 PER SHARE |

|                                        |
|----------------------------------------|
|                                        |  |  |  |  |  |  |  |  |  |  |
|                                   | Results for the Three Months Ended March 31 (a) |   |   |
| ($ millions, except per share data)    | 2013 |   | 2012 |   |   |
| Net operating income                   | $ | 231 |  |   | $ | 226 |  |   |   |
| Net income                             | 250 |  |   | 250 |  |   |   |
|                                   |   |   |   |   |   |
| Net operating income per diluted share | 0.86 |  |   | 0.84 |  |   |   |
| Net income per diluted share           | 0.93 |  |   | 0.93 |  |   |   |
|                                   | March 31, 2013 |   | December 31, 2012 |   | Change |
|                                   |   |   |
| Book value per share                   | $ | 46.00 |  |   | $ | 45.71 |  |   | 1 | % |
| Book value per share excluding AOCI    | 43.30 |  |   | 42.62 |  |   | 2 | % |

|     |                                                                                                                                                                                                                                                                                           |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (a) | Management utilizes the net operating income financial measure to monitor the Company's operations.  Please refer to Note O in the Consolidated Financial Statements within CNA's Annual Report on Form 10-K for the year ended December 31, 2012 for further discussion of this measure. |

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|                                                       |
|-------------------------------------------------------|
|                                                       |  |  |  |  |  |  |  |  |  |
|                                                  | Results for the Three Months Ended March 31 |
| ($ millions)                                          | 2013 |   | 2012 |
| Net written premiums                                  | $ | 1,776 |  |   |   | $ | 1,608 |  |   |
| NWP Growth (% year over year)                         | 10 |  | % |   | 3 |  | % |
| Net operating income                                  | $ | 257 |  |   |   | $ | 271 |  |   |
|                                                  |   |   |   |   |   |
| Loss ratio                                            | 67.5 |  | % |   | 68.6 |  | % |
| Effect of catastrophe impacts                         | (2.4 | ) |   |   | (1.9 | ) |   |
| Effect of development-related items                   | 1.9 |  |   |   | 2.1 |  |   |
| Loss ratio excluding catastrophes and development     | 67.0 |  | % |   | 68.8 |  | % |
|                                                  |   |   |   |   |   |
| Combined ratio                                        | 101.5 |  | % |   | 102.0 |  | % |
| Combined ratio excluding catastrophes and development | 101.0 |  | % |   | 102.2 |  | % |

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|                                                       |
|-------------------------------------------------------|
|                                                       |  |  |  |  |  |  |  |  |  |
|                                                  | Results for the Three Months Ended March 31 |
| ($ millions)                                          | 2013 |   | 2012 |
| Net written premiums                                  | $ | 803 |  |   |   | $ | 765 |  |   |
| NWP Growth (% year over year)                         | 5 |  | % |   | 4 |  | % |
| Net operating income                                  | $ | 140 |  |   |   | $ | 132 |  |   |
|                                                  |   |   |   |   |   |
| Loss ratio                                            | 64.3 |  | % |   | 66.3 |  | % |
| Effect of catastrophe impacts                         | (0.2 | ) |   |   | (0.2 | ) |   |
| Effect of development-related items                   | 2.9 |  |   |   | 1.7 |  |   |
| Loss ratio excluding catastrophes and development     | 67.0 |  | % |   | 67.8 |  | % |
|                                                  |   |   |   |   |   |
| Combined ratio                                        | 95.0 |  | % |   | 97.3 |  | % |
| Combined ratio excluding catastrophes and development | 97.7 |  | % |   | 98.8 |  | % |

|         |                                                                                                                                                                                                                                                                                                                                                                                                              |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Net written premiums increased $38 million for the first quarter of 2013 as compared with the prior year quarter.  This increase was primarily driven by increased rate.  Average rate increased 7% for the first quarter of 2013 as compared with an increase of 3% for the prior year quarter for the policies that renewed in each period.  Retention of 86% was achieved in each period. |

|         |                                                                                                                                                                                                                                          |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Net operating income increased $8 million for the first quarter of 2013 as compared with the prior year quarter.  This increase was primarily due to improved underwriting results, partially offset by lower net investment income. |

|         |                                                                                                                                                                                                                                                                                                                                                                                   |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The combined ratio improved 2.3 points for the first quarter of 2013 as compared with the prior year quarter.  The loss ratio decreased 2.0 points, due to both higher favorable net prior year development and an improved current accident year loss ratio.  The expense ratio improved 0.8 point, primarily due to the impact of a higher net earned premium base. |

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|                                                       |
|-------------------------------------------------------|
|                                                       |  |  |  |  |  |  |  |  |  |
|                                                  | Results for the Three Months Ended March 31 |
| ($ millions)                                          | 2013 |   | 2012 |
| Net written premiums                                  | $ | 918 |  |   |   | $ | 843 |  |   |
| NWP Growth (% year over year)                         | 9 |  | % |   | 2 |  | % |
| Net operating income                                  | $ | 125 |  |   |   | $ | 139 |  |   |
|                                                  |   |   |   |   |   |
| Loss ratio                                            | 71.7 |  | % |   | 70.7 |  | % |
| Effect of catastrophe impacts                         | (4.6 | ) |   |   | (3.3 | ) |   |
| Effect of development-related items                   | 1.5 |  |   |   | 2.5 |  |   |
| Loss ratio excluding catastrophes and development     | 68.6 |  | % |   | 69.9 |  | % |
|                                                  |   |   |   |   |   |
| Combined ratio                                        | 106.8 |  | % |   | 106.2 |  | % |
| Combined ratio excluding catastrophes and development | 103.7 |  | % |   | 105.4 |  | % |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                           |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Net written premiums increased $75 million for the first quarter of 2013 as compared with the prior year quarter.  This increase was primarily driven by increased rate.  Average rate increased 9% for the first quarter of 2013, as compared with an increase of 5% for the prior year quarter for the policies that renewed in each period.  Retention of 78% and 77% was achieved in each period. |

|         |                                                                                                                                                                                                                                                                                                                                                                                               |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Net operating income decreased $14 million for the first quarter of 2013 as compared with the prior year quarter.  This decrease was primarily due to lower net investment income, higher catastrophe losses and decreased favorable net prior year development.  These unfavorable impacts were partially offset by improved non-catastrophe current accident year underwriting results. |

|         |                                                                                                                                                                                                                                                                                                                                                            |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The combined ratio increased 0.6 point for the first quarter of 2013 as compared with the prior year quarter.  The loss ratio increased 1.0 point, primarily due to the impacts of higher catastrophe losses and decreased favorable net prior year development, partially offset by an improved current accident year non-catastrophe loss ratio. |

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|                                                       |
|-------------------------------------------------------|
|                                                       |  |  |  |  |
|                                                  | Results for the Three Months Ended March 31 |
| ($ millions)                                          | 2013 |
| Net written premiums                                  | $ | 55 |  |   |
| Net operating loss                                    | (8 | ) |   |
|                                                  |   |   |
| Loss ratio                                            | 48.7 |  | % |
| Effect of catastrophe impacts                         | — |  |   |
| Effect of development-related items                   | (1.4 | ) |   |
| Loss ratio excluding catastrophes and development     | 47.3 |  | % |
|                                                  |   |   |
| Combined ratio                                        | 105.5 |  | % |
| Combined ratio excluding catastrophes and development | 104.1 |  | % |

|         |                                                                                   |
|---------|-----------------------------------------------------------------------------------|
| • | Hardy, a specialized Lloyd's of London underwriter, was acquired on July 2, 2012. |

|         |                                                                                                                                                                                                                                      |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Net written premiums were $55 million for the first quarter of 2013.  Average rate increased 1% for the first quarter of 2013 for the policies that renewed in the period.  Retention of 70% was achieved in the period. |

|         |                                                                                                                                                                                     |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Results included non-run rate purchase accounting expenses of $3 million and foreign currency transaction losses of $2 million.  No catastrophe losses were incurred in the period. |

|         |                                                                                                                                                                                                                                                                                            |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The combined ratio excluding catastrophes and prior year development was 104.1% for the first quarter of 2013.  The expense ratio was 56.8% for the first quarter of 2013, which was adversely affected by the level of premiums, including unfavorable premium development of $4 million. |

|                                     |
|-------------------------------------|
|                                     |  |  |  |  |  |  |  |  |  |
|                                | Results for the Three Months Ended March 31 |
| ($ millions)                        | 2013 |   | 2012 |
| Operating revenues                  | $ | 349 |  |   |   | $ | 337 |  |   |
| Total claims, benefits and expenses | 372 |  |   |   | 387 |  |   |
| Net operating income (loss)         | — |  |   |   | (19 | ) |   |

|         |                                                                                                                                                                                                                                                                                                                                   |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Net operating results improved $19 million for the first quarter of 2013 as compared with the prior year quarter.  While the improved results reflect favorable mortality outcomes across all of our life businesses, they were primarily attributable to favorable morbidity and persistency in our long term care business. |

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|                                     |
|-------------------------------------|
|                                     |  |  |  |  |  |  |  |  |  |
|                                | Results for the Three Months Ended March 31 |
| ($ millions)                        | 2013 |   | 2012 |
| Operating revenues                  | $ | 10 |  |   |   | $ | 14 |  |   |
| Total claims, benefits and expenses | 49 |  |   |   | 54 |  |   |
| Net operating loss                  | (26 | ) |   |   | (26 | ) |   |

|         |                                                                                                                                                                                                                                                                                     |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Corporate & Other Non-Core primarily includes certain corporate expenses, including interest on corporate debt, and the results of certain property and casualty business in run-off, including CNA Re and A&EP.  Results in 2013 were comparable to the prior year period. |

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| Net Operating Income (Loss)    |
|--------------------------------|
|                                |  |  |  |  |  |  |  |
|                           | Results for the Three Months Ended March 31 |
| ($ millions)                   | 2013 |   | 2012 |
| CNA Specialty                  | $ | 140 |  |   | $ | 132 |  |
| CNA Commercial                 | 125 |  |   | 139 |  |
| Hardy                          | (8 | ) |   |   |
| Total P&C Operations       | 257 |  |   | 271 |  |
| Life & Group Non-Core      | — |  |   | (19 | ) |
| Corporate & Other Non-Core | (26 | ) |   | (26 | ) |
| Total                          | $ | 231 |  |   | $ | 226 |  |

| Net Income (Loss)              |
|--------------------------------|
|                                |  |  |  |  |  |  |  |
|                           | Results for the Three Months Ended March 31 |
| ($ millions)                   | 2013 |   | 2012 |
| CNA Specialty                  | $ | 142 |  |   | $ | 138 |  |
| CNA Commercial                 | 128 |  |   | 146 |  |
| Hardy                          | (7 | ) |   |   |
| Total P&C Operations       | 263 |  |   | 284 |  |
| Life & Group Non-Core      | 9 |  |   | (11 | ) |
| Corporate & Other Non-Core | (22 | ) |   | (23 | ) |
| Total                          | $ | 250 |  |   | $ | 250 |  |

| Property & Casualty Operations Gross Written Premiums |
|-----------------------------------------------------------|
|                                                           |  |  |  |  |  |  |  |
|                                                      | Results for the Three Months Ended March 31 |
| ($ millions)                                              | 2013 |   | 2012 |
| CNA Specialty                                             | $ | 1,317 |  |   | $ | 1,273 |  |
| CNA Commercial                                            | 960 |  |   | 887 |  |
| Hardy                                                     | 107 |  |   |   |
| Total P&C Operations                                  | $ | 2,384 |  |   | $ | 2,160 |  |

| Property & Casualty Operations Net Written Premiums |
|---------------------------------------------------------|
|                                                         |  |  |  |  |  |  |  |
|                                                    | Results for the Three Months Ended March 31 |
| ($ millions)                                            | 2013 |   | 2012 |
| CNA Specialty                                           | $ | 803 |  |   | $ | 765 |  |
| CNA Commercial                                          | 918 |  |   | 843 |  |
| Hardy                                                   | 55 |  |   |   |
| Total P&C Operations                                | $ | 1,776 |  |   | $ | 1,608 |  |

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