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|                                                                                 |  |
|                                                                            | Page |
| Definitions and Presentation                                                    | i |
| Statements of Operations                                                        | 1 |
| Components of Income (Loss), Per Share Data and Return on Equity                | 2 |
| Selected Balance Sheets Data and Statements of Cash Flows Data                  | 3 |
| Claim & Claim Adjustment Expense Reserve Rollforward                        | 4 |
| Investment Summary - Consolidated                                               | 5 |
| Investment Summary - Property & Casualty and Corporate & Other Non-Core | 6 |
| Investment Summary - Life & Group Non-Core                                  | 7 |
| Investments - Fixed Maturity Securities by Credit Rating                        | 8 |
| Consolidated - Results of Operations                                            | 9 |
| Property & Casualty - Results of Operations                                 | 10 |
| CNA Specialty - Results of Operations                                           | 11 |
| CNA Commercial - Results of Operations                                          | 12 |
| Hardy - Results of Operations                                                   | 13 |
| Life & Group Non-Core - Results of Operations                               | 14 |
| Corporate & Other Non-Core - Results of Operations                          | 15 |
| Components of Pretax Net Investment Income                                      | 16 |
| Statutory Data - Preliminary                                                    | 17 |
| Property & Casualty Operations Loss & LAE Ratio Analysis                | 18 |
| Net Carried Life & Group Non-Core Policyholder Reserves                     | 19 |

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|         |                                                                                                            |
|---------|------------------------------------------------------------------------------------------------------------|
| • | Collectively, CNA Financial Corporation (CNAF) and its subsidiaries are referred to as CNA or the Company. |

|         |                                                                                                           |
|---------|-----------------------------------------------------------------------------------------------------------|
| • | P&C Operations includes CNA Specialty, CNA Commercial and Hardy.  Hardy was acquired on July 2, 2012. |

|         |                                                                                                                               |
|---------|-------------------------------------------------------------------------------------------------------------------------------|
| • | Life & Group Non-Core segment primarily includes the results of the life and group lines of business that are in run-off. |

|         |                                                                                                                                                                                                                                                                                                                         |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Corporate & Other Non-Core segment 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 asbestos and environmental pollution. Intersegment eliminations are also included in this segment. |

|         |                                                                                                                                                                                                                                             |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Management utilizes the net operating income financial measure to monitor the Company’s operations. Please refer to Note O to the Consolidated Financial Statements within the 2012 Form 10-K for further discussion of this measure. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | In the evaluation of the results of CNA Specialty, CNA Commercial and Hardy, management utilizes the loss ratio, the expense ratio, the dividend ratio and the combined ratio.  These ratios are calculated using financial results prepared in accordance with accounting principles generally accepted in the United States of America.  The loss ratio is the percentage of net incurred claim and claim adjustment expenses to net earned premiums.  The expense ratio is the percentage of insurance underwriting and acquisition expenses, including the amortization of deferred acquisition costs, to net earned premiums.  The dividend ratio is the ratio of policyholders' dividends incurred to net earned premiums.  The combined ratio is the sum of the loss, expense and dividend ratios.  The statutory expense ratio reported on page 17 is the percentage of acquisition and underwriting expenses to net written premiums in accordance with statutory accounting practices. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The majority of our limited partnership investments employ hedge fund strategies that generate returns primarily through investing in the fixed income and equity markets. While the Company generally does not invest in highly leveraged partnerships, there are risks which may result in losses due to short-selling, derivatives or other speculative investment practices. The use of leverage increases volatility generated by the underlying investment strategies. |

|         |                                                     |
|---------|-----------------------------------------------------|
| • | Certain immaterial differences are due to rounding. |

|         |                      |
|---------|----------------------|
| • | N/M = Not Meaningful |

|         |                |
|---------|----------------|
| • | FY = Full Year |

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|-----------------------------------------------------------------|
|                                                                 |  |  |  |  |  |  |  |  |  |  |  |
| THREE MONTHS ENDED MARCH 31                                     |   |   | Fav / (Unfav) |   |
| (In millions)                                                   | 2013 |   | 2012 |   | % Change |   |
| STATEMENTS OF OPERATIONS                                        |   |   |   |   |   |   |
| Revenues:                                                       |   |   |   |   |   |   |
| Net earned premiums                                             | $ | 1,764 |  |   | $ | 1,649 |  |   | 7 |  | % |
| Net investment income                                           | 633 |  |   | 648 |  |   | (2 | ) |   |
| Net realized investment gains (losses):                         |   |   |   |   |   |   |
| Other-than-temporary impairment (OTTI) losses                   | (18 | ) |   | (15 | ) |   | (20 | ) |   |
| Portion of OTTI recognized in Other comprehensive income (loss) | — |  |   | (12 | ) |   | N/M |  |   |
| Net OTTI losses recognized in earnings                          | (18 | ) |   | (27 | ) |   | 33 |  |   |
| Other net realized investment gains (losses)                    | 46 |  |   | 63 |  |   | (27 | ) |   |
| Net realized investment gains (losses)                          | 28 |  |   | 36 |  |   | (22 | ) |   |
| Other revenues                                                  | 78 |  |   | 68 |  |   | 15 |  |   |
| Total revenues                                                  | 2,503 |  |   | 2,401 |  |   | 4 |  |   |
| Claims, Benefits and Expenses:                                  |   |   |   |   |   |   |
| Insurance claims and policyholders' benefits                    | 1,429 |  |   | 1,381 |  |   | (3 | ) |   |
| Amortization of deferred acquisition costs                      | 328 |  |   | 295 |  |   | (11 | ) |   |
| Other operating expenses                                        | 341 |  |   | 319 |  |   | (7 | ) |   |
| Interest                                                        | 42 |  |   | 42 |  |   | — |  |   |
| Total claims, benefits and expenses                             | 2,140 |  |   | 2,037 |  |   | (5 | ) |   |
| Income (loss) before income tax                                 | 363 |  |   | 364 |  |   | — |  |   |
| Income tax (expense) benefit                                    | (113 | ) |   | (114 | ) |   | 1 |  |   |
| Net income (loss)                                               | $ | 250 |  |   | $ | 250 |  |   | — |  | % |

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|------------------------------------------------------------------------|
|                                                                        |  |  |  |  |  |  |  |  |
| THREE MONTHS ENDED MARCH 31                                            |   |   |   |   |
| (In millions, except per share data)                                   | 2013 |   | 2012 |   |
| COMPONENTS OF INCOME (LOSS)                                            |   |   |   |   |
| Net operating income (loss)                                            | $ | 231 |  |   | $ | 226 |  |   |
| Net realized investment gains (losses)                                 | 19 |  |   | 24 |  |   |
| Income (loss)                                                          | $ | 250 |  |   | $ | 250 |  |   |
|                                                                   |   |   |   |   |
| BASIC AND DILUTED EARNINGS (LOSS) PER COMMON SHARE                     |   |   |   |   |
| Net operating income (loss)                                            | $ | 0.86 |  |   | $ | 0.84 |  |   |
| Net realized investment gains (losses)                                 | 0.07 |  |   | 0.09 |  |   |
| Basic and diluted earnings (loss) per share                            | $ | 0.93 |  |   | $ | 0.93 |  |   |
|                                                                   |   |   |   |   |
| WEIGHTED AVERAGE OUTSTANDING COMMON STOCK AND COMMON STOCK EQUIVALENTS |   |   |   |   |
| Basic                                                                  | 269.5 |  |   | 269.3 |  |   |
| Diluted                                                                | 269.9 |  |   | 269.7 |  |   |
|                                                                   |   |   |   |   |
| RETURN ON EQUITY                                                       |   |   |   |   |
| Net income (loss) (1)                                                  | 8.1 |  | % | 8.5 |  | % |
| Net operating income (loss) (2)                                        | 8.0 |  |   | 8.1 |  |   |

----

|                                                            |
|------------------------------------------------------------|
|                                                            |  |  |  |  |  |  |  |
| (In millions, except per share data)                       | March 31, 2013 |   | December 31, 2012 |
| Total assets                                               | $ | 58,727 |  |   | $ | 58,522 |  |
| Insurance reserves                                         | 39,893 |  |   | 40,005 |  |
| Debt                                                       | 2,571 |  |   | 2,570 |  |
| Total liabilities                                          | 46,322 |  |   | 46,208 |  |
| Accumulated other comprehensive income (loss)              | 727 |  |   | 831 |  |
| Total stockholders' equity                                 | 12,405 |  |   | 12,314 |  |
|                                                       |   |   |   |
| Book value per common share                                | $ | 46.00 |  |   | $ | 45.71 |  |
| Book value per common share excluding AOCI                 | $ | 43.30 |  |   | $ | 42.62 |  |
|                                                       |   |   |   |
| Outstanding shares of common stock (in millions of shares) | 269.7 |  |   | 269.4 |  |

|                                                                                 |
|---------------------------------------------------------------------------------|
|                                                                                 |  |  |  |  |  |  |  |
| THREE MONTHS ENDED MARCH 31(In millions)                                        | 2013 |   | 2012 |
| Net cash flows provided (used) by operating activities                          | $ | 191 |  |   | $ | 312 |  |
| Net cash flows provided (used) by investing activities                          | (161 | ) |   | (287 | ) |
| Net cash flows provided (used) by financing activities                          | (56 | ) |   | (42 | ) |
| Net cash flows provided (used) by operating, investing and financing activities | $ | (26 | ) |   | $ | (17 | ) |

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|                                                                    |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| THREE MONTHS ENDED MARCH 31, 2013(In millions)                     | CNA Specialty |   | CNA Commercial |   | Hardy |   | P&C Operations |   | Life & Group  Non-Core |   | Corporate & Other Non-Core |   | Total Operations |
| Claim & claim adjustment expense reserves, beginning of period |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross                                                              | $ | 6,748 |  |   | $ | 11,326 |  |   | $ | 521 |  |   | $ | 18,595 |  |   | $ | 3,006 |  |   | $ | 3,162 |  |   | $ | 24,763 |  |
| Ceded                                                              | 636 |  |   | 1,115 |  |   | 247 |  |   | 1,998 |  |   | 478 |  |   | 2,650 |  |   | 5,126 |  |
| Net                                                                | 6,112 |  |   | 10,211 |  |   | 274 |  |   | 16,597 |  |   | 2,528 |  |   | 512 |  |   | 19,637 |  |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net incurred claim & claim adjustment expenses                 | 465 |  |   | 601 |  |   | 31 |  |   | 1,097 |  |   | 179 |  |   | 4 |  |   | 1,280 |  |
| Net claim & claim adjustment expense payments                  | (405 | ) |   | (812 | ) |   | (38 | ) |   | (1,255 | ) |   | (160 | ) |   | (13 | ) |   | (1,428 | ) |
| Foreign currency translation adjustment and other                  | (19 | ) |   | (15 | ) |   | (9 | ) |   | (43 | ) |   | (3 | ) |   | (2 | ) |   | (48 | ) |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Claim & claim adjustment expense reserves, end of period       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                                                                | 6,153 |  |   | 9,985 |  |   | 258 |  |   | 16,396 |  |   | 2,544 |  |   | 501 |  |   | 19,441 |  |
| Ceded                                                              | 654 |  |   | 1,120 |  |   | 212 |  |   | 1,986 |  |   | 487 |  |   | 2,597 |  |   | 5,070 |  |
| Gross                                                              | $ | 6,807 |  |   | $ | 11,105 |  |   | $ | 470 |  |   | $ | 18,382 |  |   | $ | 3,031 |  |   | $ | 3,098 |  |   | $ | 24,511 |  |

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|                                                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                              | March 31, 2013 |   | December 31, 2012 |
| (In millions)                                                     | Carrying Value |   | Net Unrealized Gains (Losses) |   | Carrying Value |   | Net Unrealized Gains (Losses) |
| Fixed maturity securities:                                        |   |   |   |   |   |   |   |
| Corporate and other bonds                                         | $ | 22,354 |  |   | $ | 2,544 |  |   | $ | 22,236 |  |   | $ | 2,677 |  |
| States, municipalities and political subdivisions:                |   |   |   |   |   |   |   |
| Tax-exempt                                                        | 6,759 |  |   | 641 |  |   | 6,605 |  |   | 720 |  |
| Taxable                                                           | 4,189 |  |   | 708 |  |   | 4,178 |  |   | 691 |  |
| Total states, municipalities and political subdivisions           | 10,948 |  |   | 1,349 |  |   | 10,783 |  |   | 1,411 |  |
| Asset-backed:                                                     |   |   |   |   |   |   |   |
| RMBS                                                              | 5,683 |  |   | 165 |  |   | 5,920 |  |   | 175 |  |
| CMBS                                                              | 1,990 |  |   | 137 |  |   | 1,822 |  |   | 130 |  |
| Other ABS                                                         | 955 |  |   | 23 |  |   | 952 |  |   | 23 |  |
| Total asset-backed                                                | 8,628 |  |   | 325 |  |   | 8,694 |  |   | 328 |  |
| U.S. Treasury and obligations of government-sponsored enterprises | 181 |  |   | 11 |  |   | 182 |  |   | 10 |  |
| Foreign government                                                | 552 |  |   | 24 |  |   | 613 |  |   | 25 |  |
| Redeemable preferred stock                                        | 136 |  |   | 13 |  |   | 125 |  |   | 12 |  |
| Total fixed maturity securities                                   | 42,799 |  |   | 4,266 |  |   | 42,633 |  |   | 4,463 |  |
| Equities                                                          | 201 |  |   | 24 |  |   | 249 |  |   | 21 |  |
| Limited partnership investments                                   | 2,564 |  |   | — |  |   | 2,462 |  |   | — |  |
| Other invested assets                                             | 49 |  |   | — |  |   | 59 |  |   | — |  |
| Mortgage loans                                                    | 425 |  |   | — |  |   | 401 |  |   | — |  |
| Short term investments                                            | 1,555 |  |   | 1 |  |   | 1,832 |  |   | (1 | ) |
| Total investments                                                 | $ | 47,593 |  |   | $ | 4,291 |  |   | $ | 47,636 |  |   | $ | 4,483 |  |
|                                                              |   |   |   |   |   |   |   |
| Net receivable/(payable) on investment activity                   | $ | 20 |  |   | $ | — |  |   | $ | (22 | ) |   | $ | — |  |
|                                                              |   |   |   |   |   |   |   |
| Effective portfolio duration (in years)                           | 6.6 |  |   |   |   | 6.5 |  |   |   |
| Weighted average rating of fixed maturity securities              | A |  |   |   |   | A |  |   |   |

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|                                                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                              | March 31, 2013 |   | December 31, 2012 |
| (In millions)                                                     | Carrying Value |   | Net Unrealized Gains (Losses) |   | Carrying Value |   | Net Unrealized Gains (Losses) |
| Fixed maturity securities:                                        |   |   |   |   |   |   |   |
| Corporate and other bonds                                         | $ | 14,108 |  |   | $ | 965 |  |   | $ | 13,959 |  |   | $ | 977 |  |
| States, municipalities and political subdivisions:                |   |   |   |   |   |   |   |
| Tax-exempt                                                        | 2,208 |  |   | 129 |  |   | 2,117 |  |   | 143 |  |
| Taxable                                                           | 2,242 |  |   | 327 |  |   | 2,233 |  |   | 316 |  |
| Total states, municipalities and political subdivisions           | 4,450 |  |   | 456 |  |   | 4,350 |  |   | 459 |  |
| Asset-backed:                                                     |   |   |   |   |   |   |   |
| RMBS                                                              | 5,294 |  |   | 142 |  |   | 5,515 |  |   | 155 |  |
| CMBS                                                              | 1,710 |  |   | 107 |  |   | 1,572 |  |   | 105 |  |
| Other ABS                                                         | 858 |  |   | 21 |  |   | 915 |  |   | 21 |  |
| Total asset-backed                                                | 7,862 |  |   | 270 |  |   | 8,002 |  |   | 281 |  |
| U.S. Treasury and obligations of government-sponsored enterprises | 158 |  |   | 2 |  |   | 159 |  |   | 2 |  |
| Foreign government                                                | 547 |  |   | 23 |  |   | 608 |  |   | 23 |  |
| Redeemable preferred stock                                        | 35 |  |   | — |  |   | 35 |  |   | 1 |  |
| Total fixed maturity securities                                   | 27,160 |  |   | 1,716 |  |   | 27,113 |  |   | 1,743 |  |
| Equities                                                          | 78 |  |   | 19 |  |   | 90 |  |   | 17 |  |
| Limited partnership investments                                   | 2,564 |  |   | — |  |   | 2,462 |  |   | — |  |
| Other invested assets                                             | 49 |  |   | — |  |   | 59 |  |   | — |  |
| Mortgage loans                                                    | 405 |  |   | — |  |   | 382 |  |   | — |  |
| Short term investments                                            | 1,445 |  |   | 1 |  |   | 1,762 |  |   | (1 | ) |
| Total investments                                                 | $ | 31,701 |  |   | $ | 1,736 |  |   | $ | 31,868 |  |   | $ | 1,759 |  |
|                                                              |   |   |   |   |   |   |   |
| Net receivable/(payable) on investment activity                   | $ | 46 |  |   | $ | — |  |   | $ | (22 | ) |   | $ | — |  |
|                                                              |   |   |   |   |   |   |   |
| Effective portfolio duration (in years)                           | 4.1 |  |   |   |   | 3.9 |  |   |   |
| Weighted average rating of fixed maturity securities              | A |  |   |   |   | A |  |   |   |

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|                                                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                              | March 31, 2013 |   | December 31, 2012 |
| (In millions)                                                     | Carrying Value |   | Net Unrealized Gains (Losses) |   | Carrying Value |   | Net Unrealized Gains (Losses) |
| Fixed maturity securities:                                        |   |   |   |   |   |   |   |
| Corporate and other bonds                                         | $ | 8,246 |  |   | $ | 1,579 |  |   | $ | 8,277 |  |   | $ | 1,700 |  |
| States, municipalities and political subdivisions:                |   |   |   |   |   |   |   |
| Tax-exempt                                                        | 4,551 |  |   | 512 |  |   | 4,488 |  |   | 577 |  |
| Taxable                                                           | 1,947 |  |   | 381 |  |   | 1,945 |  |   | 375 |  |
| Total states, municipalities and political subdivisions           | 6,498 |  |   | 893 |  |   | 6,433 |  |   | 952 |  |
| Asset-backed:                                                     |   |   |   |   |   |   |   |
| RMBS                                                              | 389 |  |   | 23 |  |   | 405 |  |   | 20 |  |
| CMBS                                                              | 280 |  |   | 30 |  |   | 250 |  |   | 25 |  |
| Other ABS                                                         | 97 |  |   | 2 |  |   | 37 |  |   | 2 |  |
| Total asset-backed                                                | 766 |  |   | 55 |  |   | 692 |  |   | 47 |  |
| U.S. Treasury and obligations of government-sponsored enterprises | 23 |  |   | 9 |  |   | 23 |  |   | 8 |  |
| Foreign government                                                | 5 |  |   | 1 |  |   | 5 |  |   | 2 |  |
| Redeemable preferred stock                                        | 101 |  |   | 13 |  |   | 90 |  |   | 11 |  |
| Total fixed maturity securities                                   | 15,639 |  |   | 2,550 |  |   | 15,520 |  |   | 2,720 |  |
| Equities                                                          | 123 |  |   | 5 |  |   | 159 |  |   | 4 |  |
| Limited partnership investments                                   | — |  |   | — |  |   | — |  |   | — |  |
| Other invested assets                                             | — |  |   | — |  |   | — |  |   | — |  |
| Mortgage loans                                                    | 20 |  |   | — |  |   | 19 |  |   | — |  |
| Short term investments                                            | 110 |  |   | — |  |   | 70 |  |   | — |  |
| Total investments                                                 | $ | 15,892 |  |   | $ | 2,555 |  |   | $ | 15,768 |  |   | $ | 2,724 |  |
|                                                              |   |   |   |   |   |   |   |
| Net receivable/(payable) on investment activity                   | $ | (26 | ) |   | $ | — |  |   | $ | — |  |   | $ | — |  |
|                                                              |   |   |   |   |   |   |   |
| Effective portfolio duration (in years)                           | 11.1 |  |   |   |   | 11.3 |  |   |   |
| Weighted average rating of fixed maturity securities              | A |  |   |   |   | A |  |   |   |

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|                                                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                              | U.S. Government, Government agencies and Government-sponsored enterprises |   | AAA |   | AA |   | A |   | BBB |   | Non-investment grade |   |  Total |
| (In millions)                                                     | Fair Value |   | Net Unrealized Gains (Losses) |   | Fair Value |   | Net Unrealized Gains (Losses) |   | Fair Value |   | Net Unrealized Gains (Losses) |   | Fair Value |   | Net Unrealized Gains (Losses) |   | Fair Value |   | Net Unrealized Gains (Losses) |   | Fair Value |   | Net Unrealized Gains (Losses) |   | Fair Value |   | Net Unrealized Gains (Losses) |
| Corporate and other bonds                                         | $ | — |  |   | $ | — |  |   | $ | 321 |  |   | $ | 17 |  |   | $ | 1,349 |  |   | $ | 124 |  |   | $ | 7,278 |  |   | $ | 968 |  |   | $ | 11,243 |  |   | $ | 1,274 |  |   | $ | 2,163 |  |   | $ | 161 |  |   | $ | 22,354 |  |   | $ | 2,544 |  |
| States, municipalities and political subdivisions:                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tax-exempt                                                        | — |  |   | — |  |   | 1,054 |  |   | 105 |  |   | 3,960 |  |   | 379 |  |   | 1,702 |  |   | 157 |  |   | 38 |  |   | — |  |   | 5 |  |   | — |  |   | 6,759 |  |   | 641 |  |
| Taxable                                                           | — |  |   | — |  |   | 604 |  |   | 92 |  |   | 2,773 |  |   | 466 |  |   | 758 |  |   | 146 |  |   | 54 |  |   | 4 |  |   | — |  |   | — |  |   | 4,189 |  |   | 708 |  |
| Total states, municipalities and political subdivisions           | — |  |   | — |  |   | 1,658 |  |   | 197 |  |   | 6,733 |  |   | 845 |  |   | 2,460 |  |   | 303 |  |   | 92 |  |   | 4 |  |   | 5 |  |   | — |  |   | 10,948 |  |   | 1,349 |  |
| Asset-backed:                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| RMBS                                                              | 3,965 |  |   | 107 |  |   | 110 |  |   | — |  |   | 166 |  |   | 1 |  |   | 179 |  |   | 1 |  |   | 142 |  |   | (8 | ) |   | 1,121 |  |   | 64 |  |   | 5,683 |  |   | 165 |  |
| CMBS                                                              | 84 |  |   | 5 |  |   | 493 |  |   | 31 |  |   | 386 |  |   | 35 |  |   | 394 |  |   | 26 |  |   | 309 |  |   | 23 |  |   | 324 |  |   | 17 |  |   | 1,990 |  |   | 137 |  |
| Other ABS                                                         | — |  |   | — |  |   | 324 |  |   | 11 |  |   | 281 |  |   | 5 |  |   | 319 |  |   | 7 |  |   | 31 |  |   | — |  |   | — |  |   | — |  |   | 955 |  |   | 23 |  |
| Total asset-backed                                                | 4,049 |  |   | 112 |  |   | 927 |  |   | 42 |  |   | 833 |  |   | 41 |  |   | 892 |  |   | 34 |  |   | 482 |  |   | 15 |  |   | 1,445 |  |   | 81 |  |   | 8,628 |  |   | 325 |  |
| U.S. Treasury and obligations of government-sponsored enterprises | 181 |  |   | 11 |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 181 |  |   | 11 |  |
| Foreign government                                                | — |  |   | — |  |   | 222 |  |   | 11 |  |   | 241 |  |   | 9 |  |   | 89 |  |   | 4 |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 552 |  |   | 24 |  |
| Redeemable preferred stock                                        | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 94 |  |   | 12 |  |   | 42 |  |   | 1 |  |   | 136 |  |   | 13 |  |
| Total fixed maturity securities                                   | $ | 4,230 |  |   | $ | 123 |  |   | $ | 3,128 |  |   | $ | 267 |  |   | $ | 9,156 |  |   | $ | 1,019 |  |   | $ | 10,719 |  |   | $ | 1,309 |  |   | $ | 11,911 |  |   | $ | 1,305 |  |   | $ | 3,655 |  |   | $ | 243 |  |   | $ | 42,799 |  |   | $ | 4,266 |  |
|                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Percentage of total fixed maturity securities                     | 10 | % |   |   |   | 7 | % |   |   |   | 21 | % |   |   |   | 25 | % |   |   |   | 28 | % |   |   |   | 9 | % |   |   |   | 100 | % |   |   |

----

|                                                                        |
|------------------------------------------------------------------------|
|                                                                        |  |  |  |  |  |  |  |  |  |  |  |
| THREE MONTHS ENDED MARCH 31                                            |   |   |   |   | Fav / (Unfav) % Change |   |
| (In millions)                                                          | 2013 |   | 2012 |   |   |
| Operating revenues:                                                    |   |   |   |   |   |   |
| Net earned premiums                                                    | $ | 1,764 |  |   | $ | 1,649 |  |   | 7 |  | % |
| Net investment income                                                  | 633 |  |   | 648 |  |   | (2 | ) |   |
| Other revenues                                                         | 78 |  |   | 68 |  |   | 15 |  |   |
| Total operating revenues                                               | 2,475 |  |   | 2,365 |  |   | 5 |  |   |
| Claims, Benefits and Expenses:                                         |   |   |   |   |   |   |
| Net incurred claims and benefits                                       | 1,425 |  |   | 1,378 |  |   | (3 | ) |   |
| Policyholders' dividends                                               | 4 |  |   | 3 |  |   | (33 | ) |   |
| Amortization of deferred acquisition costs                             | 328 |  |   | 295 |  |   | (11 | ) |   |
| Other insurance related expenses                                       | 262 |  |   | 250 |  |   | (5 | ) |   |
| Other expenses                                                         | 121 |  |   | 111 |  |   | (9 | ) |   |
| Total claims, benefits and expenses                                    | 2,140 |  |   | 2,037 |  |   | (5 | ) |   |
| Operating income (loss) before income tax                              | 335 |  |   | 328 |  |   | 2 |  |   |
| Income tax (expense) benefit on operating income (loss)                | (104 | ) |   | (102 | ) |   | (2 | ) |   |
| Net operating income (loss)                                            | 231 |  |   | 226 |  |   | 2 |  |   |
| Net realized investment gains (losses)                                 | 28 |  |   | 36 |  |   | (22 | ) |   |
| Income tax (expense) benefit on net realized investment gains (losses) | (9 | ) |   | (12 | ) |   | 25 |  |   |
| Net realized investment gains (losses), after-tax                      | 19 |  |   | 24 |  |   | (21 | ) |   |
| Net income (loss)                                                      | $ | 250 |  |   | $ | 250 |  |   | — |  | % |

----

|                                                                        |
|------------------------------------------------------------------------|
|                                                                        |  |  |  |  |  |  |  |  |  |  |  |
| THREE MONTHS ENDED MARCH 31                                            |   |   |   |   | Fav / (Unfav) % Change |   |
| (In millions)                                                          | 2013 |   | 2012 |   |   |
| Gross written premiums                                                 | $ | 2,384 |  |   | $ | 2,160 |  |   | 10 |  | % |
| Net written premiums                                                   | 1,776 |  |   | 1,608 |  |   | 10 |  |   |
| Operating revenues:                                                    |   |   |   |   |   |   |
| Net earned premiums                                                    | 1,624 |  |   | 1,509 |  |   | 8 |  |   |
| Net investment income                                                  | 421 |  |   | 440 |  |   | (4 | ) |   |
| Other revenues                                                         | 71 |  |   | 65 |  |   | 9 |  |   |
| Total operating revenues                                               | 2,116 |  |   | 2,014 |  |   | 5 |  |   |
| Claims, Benefits and Expenses:                                         |   |   |   |   |   |   |
| Net incurred claims and benefits                                       | 1,096 |  |   | 1,035 |  |   | (6 | ) |   |
| Policyholders' dividends                                               | 3 |  |   | 1 |  |   | N/M |  |   |
| Amortization of deferred acquisition costs                             | 320 |  |   | 287 |  |   | (11 | ) |   |
| Other insurance related expenses                                       | 230 |  |   | 216 |  |   | (6 | ) |   |
| Other expenses                                                         | 70 |  |   | 57 |  |   | (23 | ) |   |
| Total claims, benefits and expenses                                    | 1,719 |  |   | 1,596 |  |   | (8 | ) |   |
| Operating income (loss) before income tax                              | 397 |  |   | 418 |  |   | (5 | ) |   |
| Income tax (expense) benefit on operating income (loss)                | (140 | ) |   | (147 | ) |   | 5 |  |   |
| Net operating income (loss)                                            | 257 |  |   | 271 |  |   | (5 | ) |   |
| Net realized investment gains (losses)                                 | 8 |  |   | 19 |  |   | (58 | ) |   |
| Income tax (expense) benefit on net realized investment gains (losses) | (2 | ) |   | (6 | ) |   | 67 |  |   |
| Net realized investment gains (losses), after-tax                      | 6 |  |   | 13 |  |   | (54 | ) |   |
| Net income (loss)                                                      | $ | 263 |  |   | $ | 284 |  |   | (7 | ) | % |
| PRODUCTION METRICS                                                     |   |   |   |   |   |   |
| Rate                                                                   | 8 |  | % | 4 |  | % |   |   |
| Retention                                                              | 80 |  | % | 81 |  | % |   |   |
| New Business (Specialty and Commercial only)                           | $ | 308 |  |   | $ | 332 |  |   |   |   |
| FINANCIAL RATIOS                                                       |   |   |   |   |   |   |
| Loss & LAE                                                         | 67.5 |  | % | 68.6 |  | % |   |   |
| Acquisition expense                                                    | 19.4 |  |   | 18.9 |  |   |   |   |
| Underwriting expense                                                   | 14.4 |  |   | 14.4 |  |   |   |   |
| Expense                                                                | 33.8 |  |   | 33.3 |  |   |   |   |
| Dividend                                                               | 0.2 |  |   | 0.1 |  |   |   |   |
| Combined ratio                                                         | 101.5 |  | % | 102.0 |  | % |   |   |
| RATIO IMPACTS                                                          |   |   |   |   |   |   |
| Impact of catastrophes                                                 |   |   |   |   |   |   |
| Pretax net accident year catastrophe losses incurred                   | $ | 39 |  |   | $ | 28 |  |   |   |   |
| Impact on loss & LAE ratio                                         | 2.4 |  | % | 1.9 |  | % |   |   |
| Impact of development & other                                      |   |   |   |   |   |   |
| Pretax net prior year development: (favorable) / unfavorable           |   |   |   |   |   |   |
| Prior year loss & ALAE reserve development                         | $ | (27 | ) |   | $ | (20 | ) |   |   |   |
| Prior year premium development                                         | (14 | ) |   | (26 | ) |   |   |   |
| Other (1)                                                              | 6 |  |   | 6 |  |   |   |   |
| Total development & other                                          | $ | (35 | ) |   | $ | (40 | ) |   |   |   |
| Impact of development & other on loss & LAE ratio              | (1.9 | ) | % | (2.1 | ) | % |   |   |

----

|                                                                        |
|------------------------------------------------------------------------|
|                                                                        |  |  |  |  |  |  |  |  |  |  |  |
| THREE MONTHS ENDED MARCH 31                                            |   |   |   |   | Fav / (Unfav) % Change |   |
| (In millions)                                                          | 2013 |   | 2012 |   |   |
| Gross written premiums                                                 | $ | 1,317 |  |   | $ | 1,273 |  |   | 3 |  | % |
| Net written premiums                                                   | 803 |  |   | 765 |  |   | 5 |  |   |
| Operating revenues:                                                    |   |   |   |   |   |   |
| Net earned premiums                                                    | 723 |  |   | 706 |  |   | 2 |  |   |
| Net investment income                                                  | 170 |  |   | 175 |  |   | (3 | ) |   |
| Other revenues                                                         | 60 |  |   | 56 |  |   | 7 |  |   |
| Total operating revenues                                               | 953 |  |   | 937 |  |   | 2 |  |   |
| Claims, Benefits and Expenses:                                         |   |   |   |   |   |   |
| Net incurred claims and benefits                                       | 465 |  |   | 468 |  |   | 1 |  |   |
| Policyholders' dividends                                               | 1 |  |   | (2 | ) |   | (150 | ) |   |
| Amortization of deferred acquisition costs                             | 150 |  |   | 148 |  |   | (1 | ) |   |
| Other insurance related expenses                                       | 71 |  |   | 72 |  |   | 1 |  |   |
| Other expenses                                                         | 54 |  |   | 50 |  |   | (8 | ) |   |
| Total claims, benefits and expenses                                    | 741 |  |   | 736 |  |   | (1 | ) |   |
| Operating income (loss) before income tax                              | 212 |  |   | 201 |  |   | 5 |  |   |
| Income tax (expense) benefit on operating income (loss)                | (72 | ) |   | (69 | ) |   | (4 | ) |   |
| Net operating income (loss)                                            | 140 |  |   | 132 |  |   | 6 |  |   |
| Net realized investment gains (losses)                                 | 3 |  |   | 8 |  |   | (63 | ) |   |
| Income tax (expense) benefit on net realized investment gains (losses) | (1 | ) |   | (2 | ) |   | 50 |  |   |
| Net realized investment gains (losses), after-tax                      | 2 |  |   | 6 |  |   | (67 | ) |   |
| Net income (loss)                                                      | $ | 142 |  |   | $ | 138 |  |   | 3 |  | % |
| PRODUCTION METRICS                                                     |   |   |   |   |   |   |
| Rate                                                                   | 7 |  | % | 3 |  | % |   |   |
| Retention                                                              | 86 |  | % | 86 |  | % |   |   |
| New Business                                                           | $ | 100 |  |   | $ | 110 |  |   |   |   |
| FINANCIAL RATIOS                                                       |   |   |   |   |   |   |
| Loss & LAE                                                         | 64.3 |  | % | 66.3 |  | % |   |   |
| Acquisition expense                                                    | 19.8 |  |   | 19.6 |  |   |   |   |
| Underwriting expense                                                   | 10.7 |  |   | 11.7 |  |   |   |   |
| Expense                                                                | 30.5 |  |   | 31.3 |  |   |   |   |
| Dividend                                                               | 0.2 |  |   | (0.3 | ) |   |   |   |
| Combined ratio                                                         | 95.0 |  | % | 97.3 |  | % |   |   |
| RATIO IMPACTS                                                          |   |   |   |   |   |   |
| Impact of catastrophes                                                 |   |   |   |   |   |   |
| Pretax net accident year catastrophe losses incurred                   | $ | 1 |  |   | $ | 2 |  |   |   |   |
| Impact on loss & LAE ratio                                         | 0.2 |  | % | 0.2 |  | % |   |   |
| Impact of development & other                                      |   |   |   |   |   |   |
| Pretax net prior year development: (favorable) / unfavorable           |   |   |   |   |   |   |
| Prior year loss & ALAE reserve development                         | $ | (15 | ) |   | $ | (6 | ) |   |   |   |
| Prior year premium development                                         | (8 | ) |   | (9 | ) |   |   |   |
| Other (1)                                                              | — |  |   | — |  |   |   |   |
| Total development & other                                          | $ | (23 | ) |   | $ | (15 | ) |   |   |   |
| Impact of development & other on loss & LAE ratio              | (2.9 | ) | % | (1.7 | ) | % |   |   |

----

|                                                                        |
|------------------------------------------------------------------------|
|                                                                        |  |  |  |  |  |  |  |  |  |  |  |
| THREE MONTHS ENDED MARCH 31                                            |   |   |   |   | Fav / (Unfav) % Change |   |
| (In millions)                                                          | 2013 |   | 2012 |   |   |
| Gross written premiums                                                 | $ | 960 |  |   | $ | 887 |  |   | 8 |  | % |
| Net written premiums                                                   | 918 |  |   | 843 |  |   | 9 |  |   |
| Operating revenues:                                                    |   |   |   |   |   |   |
| Net earned premiums                                                    | 837 |  |   | 803 |  |   | 4 |  |   |
| Net investment income                                                  | 250 |  |   | 265 |  |   | (6 | ) |   |
| Other revenues                                                         | 10 |  |   | 9 |  |   | 11 |  |   |
| Total operating revenues                                               | 1,097 |  |   | 1,077 |  |   | 2 |  |   |
| Claims, Benefits and Expenses:                                         |   |   |   |   |   |   |
| Net incurred claims and benefits                                       | 600 |  |   | 567 |  |   | (6 | ) |   |
| Policyholders' dividends                                               | 2 |  |   | 3 |  |   | 33 |  |   |
| Amortization of deferred acquisition costs                             | 149 |  |   | 139 |  |   | (7 | ) |   |
| Other insurance related expenses                                       | 143 |  |   | 144 |  |   | 1 |  |   |
| Other expenses                                                         | 9 |  |   | 7 |  |   | (29 | ) |   |
| Total claims, benefits and expenses                                    | 903 |  |   | 860 |  |   | (5 | ) |   |
| Operating income (loss) before income tax                              | 194 |  |   | 217 |  |   | (11 | ) |   |
| Income tax (expense) benefit on operating income (loss)                | (69 | ) |   | (78 | ) |   | 12 |  |   |
| Net operating income (loss)                                            | 125 |  |   | 139 |  |   | (10 | ) |   |
| Net realized investment gains (losses)                                 | 4 |  |   | 11 |  |   | (64 | ) |   |
| Income tax (expense) benefit on net realized investment gains (losses) | (1 | ) |   | (4 | ) |   | 75 |  |   |
| Net realized investment gains (losses), after-tax                      | 3 |  |   | 7 |  |   | (57 | ) |   |
| Net income (loss)                                                      | $ | 128 |  |   | $ | 146 |  |   | (12 | ) | % |
| PRODUCTION METRICS                                                     |   |   |   |   |   |   |
| Rate                                                                   | 9 |  | % | 5 |  | % |   |   |
| Retention                                                              | 78 |  | % | 77 |  | % |   |   |
| New Business                                                           | $ | 208 |  |   | $ | 222 |  |   |   |   |
| FINANCIAL RATIOS                                                       |   |   |   |   |   |   |
| Loss & LAE                                                         | 71.7 |  | % | 70.7 |  | % |   |   |
| Acquisition expense                                                    | 18.3 |  |   | 18.3 |  |   |   |   |
| Underwriting expense                                                   | 16.7 |  |   | 16.8 |  |   |   |   |
| Expense                                                                | 35.0 |  |   | 35.1 |  |   |   |   |
| Dividend                                                               | 0.1 |  |   | 0.4 |  |   |   |   |
| Combined ratio                                                         | 106.8 |  | % | 106.2 |  | % |   |   |
| RATIO IMPACTS                                                          |   |   |   |   |   |   |
| Impact of catastrophes                                                 |   |   |   |   |   |   |
| Pretax net accident year catastrophe losses incurred                   | $ | 38 |  |   | $ | 26 |  |   |   |   |
| Impact on loss & LAE ratio                                         | 4.6 |  | % | 3.3 |  | % |   |   |
| Impact of development & other                                      |   |   |   |   |   |   |
| Pretax net prior year development: (favorable) / unfavorable           |   |   |   |   |   |   |
| Prior year loss & ALAE reserve development                         | $ | (11 | ) |   | $ | (14 | ) |   |   |   |
| Prior year premium development                                         | (10 | ) |   | (17 | ) |   |   |   |
| Other (1)                                                              | 6 |  |   | 6 |  |   |   |   |
| Total development & other                                          | $ | (15 | ) |   | $ | (25 | ) |   |   |   |
| Impact of development & other on loss & LAE ratio              | (1.5 | ) | % | (2.5 | ) | % |   |   |

----

|                                                                        |
|------------------------------------------------------------------------|
|                                                                        |  |  |  |  |
| THREE MONTHS ENDED MARCH 31                                            |   |   |
| (In millions)                                                          | 2013 |   |
| Gross written premiums                                                 | $ | 107 |  |   |
| Net written premiums                                                   | 55 |  |   |
| Operating revenues:                                                    |   |   |
| Net earned premiums                                                    | 64 |  |   |
| Net investment income                                                  | 1 |  |   |
| Other revenues                                                         | 1 |  |   |
| Total operating revenues                                               | 66 |  |   |
| Claims, Benefits and Expenses:                                         |   |   |
| Net incurred claims and benefits                                       | 31 |  |   |
| Policyholders' dividends                                               | — |  |   |
| Amortization of deferred acquisition costs                             | 21 |  |   |
| Other insurance related expenses                                       | 16 |  |   |
| Other expenses                                                         | 7 |  |   |
| Total claims, benefits and expenses                                    | 75 |  |   |
| Operating income (loss) before income tax                              | (9 | ) |   |
| Income tax (expense) benefit on operating income (loss)                | 1 |  |   |
| Net operating income (loss)                                            | (8 | ) |   |
| Net realized investment gains (losses)                                 | 1 |  |   |
| Income tax (expense) benefit on net realized investment gains (losses) | — |  |   |
| Net realized investment gains (losses), after-tax                      | 1 |  |   |
| Net income (loss)                                                      | $ | (7 | ) |   |
| PRODUCTION METRICS                                                     |   |   |
| Rate                                                                   | 1 |  | % |
| Retention                                                              | 70 |  | % |
| FINANCIAL RATIOS                                                       |   |   |
| Loss & LAE                                                         | 48.7 |  | % |
| Acquisition expense                                                    | 30.7 |  |   |
| Underwriting expense                                                   | 26.1 |  |   |
| Expense                                                                | 56.8 |  |   |
| Dividend                                                               | — |  |   |
| Combined ratio                                                         | 105.5 |  | % |
| RATIO IMPACTS                                                          |  |   |
| Impact of catastrophes                                                 |   |   |
| Pretax net accident year catastrophe losses incurred                   | $ | — |  |   |
| Impact on loss & LAE ratio                                         | — |  | % |
| Impact of development & other                                      |   |   |
| Pretax net prior year development: (favorable) / unfavorable           |   |   |
| Prior year loss & ALAE reserve development                         | $ | (1 | ) |   |
| Prior year premium development                                         | 4 |  |   |
| Other (1)                                                              | — |  |   |
| Total development & other                                          | $ | 3 |  |   |
| Impact of development & other on loss & LAE ratio              | 1.4 |  | % |

----

|                                                                        |
|------------------------------------------------------------------------|
|                                                                        |  |  |  |  |  |  |  |  |  |  |  |
| THREE MONTHS ENDED MARCH 31                                            |   |   |   |   | Fav / (Unfav) % Change |   |
| (In millions)                                                          | 2013 |   | 2012 |   |   |
| Operating revenues:                                                    |   |   |   |   |   |   |
| Net earned premiums                                                    | $ | 141 |  |   | $ | 141 |  |   | — |  | % |
| Net investment income                                                  | 204 |  |   | 198 |  |   | 3 |  |   |
| Other revenues                                                         | 4 |  |   | (2 | ) |   | N/M |  |   |
| Total operating revenues                                               | 349 |  |   | 337 |  |   | 4 |  |   |
| Claims, Benefits and Expenses:                                         |   |   |   |   |   |   |
| Net incurred claims and benefits                                       | 325 |  |   | 336 |  |   | 3 |  |   |
| Policyholders' dividends                                               | 1 |  |   | 2 |  |   | 50 |  |   |
| Amortization of deferred acquisition costs                             | 8 |  |   | 8 |  |   | — |  |   |
| Other insurance related expenses                                       | 33 |  |   | 35 |  |   | 6 |  |   |
| Other expenses                                                         | 5 |  |   | 6 |  |   | 17 |  |   |
| Total claims, benefits and expenses                                    | 372 |  |   | 387 |  |   | 4 |  |   |
| Operating income (loss) before income tax                              | (23 | ) |   | (50 | ) |   | 54 |  |   |
| Income tax (expense) benefit on operating income (loss)                | 23 |  |   | 31 |  |   | (26 | ) |   |
| Net operating income (loss)                                            | — |  |   | (19 | ) |   | N/M |  |   |
| Net realized investment gains (losses)                                 | 14 |  |   | 13 |  |   | 8 |  |   |
| Income tax (expense) benefit on net realized investment gains (losses) | (5 | ) |   | (5 | ) |   | — |  |   |
| Net realized investment gains (losses), after-tax                      | 9 |  |   | 8 |  |   | 13 |  |   |
| Net income (loss)                                                      | $ | 9 |  |   | $ | (11 | ) |   | 182 |  | % |

----

|                                                                        |
|------------------------------------------------------------------------|
|                                                                        |  |  |  |  |  |  |  |  |  |  |  |
| THREE MONTHS ENDED MARCH 31                                            |   |   |   |   | Fav / (Unfav) % Change |   |
| (In millions)                                                          | 2013 |   | 2012 |   |   |
| Operating revenues:                                                    |   |   |   |   |   |   |
| Net earned premiums                                                    | $ | (1 | ) |   | $ | (1 | ) |   | — |  | % |
| Net investment income                                                  | 8 |  |   | 10 |  |   | (20 | ) |   |
| Other revenues                                                         | 3 |  |   | 5 |  |   | (40 | ) |   |
| Total operating revenues                                               | 10 |  |   | 14 |  |   | (29 | ) |   |
| Claims, Benefits and Expenses:                                         |   |   |   |   |   |   |
| Net incurred claims and benefits                                       | 4 |  |   | 7 |  |   | 43 |  |   |
| Policyholders' dividends                                               | — |  |   | — |  |   | N/M |  |   |
| Amortization of deferred acquisition costs                             | — |  |   | — |  |   | N/M |  |   |
| Other insurance related expenses                                       | (1 | ) |   | (1 | ) |   | — |  |   |
| Other expenses                                                         | 46 |  |   | 48 |  |   | 4 |  |   |
| Total claims, benefits and expenses                                    | 49 |  |   | 54 |  |   | 9 |  |   |
| Operating income (loss) before income tax                              | (39 | ) |   | (40 | ) |   | 3 |  |   |
| Income tax (expense) benefit on operating income (loss)                | 13 |  |   | 14 |  |   | (7 | ) |   |
| Net operating income (loss)                                            | (26 | ) |   | (26 | ) |   | — |  |   |
| Net realized investment gains (losses)                                 | 6 |  |   | 4 |  |   | 50 |  |   |
| Income tax (expense) benefit on net realized investment gains (losses) | (2 | ) |   | (1 | ) |   | (100 | ) |   |
| Net realized investment gains (losses), after-tax                      | 4 |  |   | 3 |  |   | 33 |  |   |
| Net income (loss)                                                      | $ | (22 | ) |   | $ | (23 | ) |   | 4 |  | % |

----

|                                                                                   |
|-----------------------------------------------------------------------------------|
|                                                                                   |  |  |  |  |  |  |  |  |
|                                                                              |   |   |
| THREE MONTHS ENDED MARCH 31                                                       | Consolidated |   |
| (In millions)                                                                     | 2013 |   | 2012 |   |
| Fixed maturity securities                                                         | $ | 499 |  |   | $ | 516 |  |   |
| Limited partnership investments                                                   | 131 |  |   | 130 |  |   |
| Other                                                                             | 3 |  |   | 2 |  |   |
| Net investment income                                                             | $ | 633 |  |   | $ | 648 |  |   |
| Average amortized cost of fixed maturity securities portfolio                     | $ | 38,415 |  |   | $ | 37,703 |  |   |
| Effective income yield for the fixed maturity securities portfolio, pretax (1)    | 5.2 |  | % | 5.5 |  | % |
| Effective income yield for the fixed maturity securities portfolio, after tax (1) | 3.6 |  | % | 3.8 |  | % |

|                                                                                   |
|-----------------------------------------------------------------------------------|
|                                                                                   |  |  |  |  |  |  |  |  |
|                                                                              | Property & Casualty and Corporate & Other Non-Core |   |
| THREE MONTHS ENDED MARCH 31                                                       |   |
| (In millions)                                                                     | 2013 |   | 2012 |   |
| Fixed maturity securities                                                         | $ | 296 |  |   | $ | 318 |  |   |
| Limited partnership investments                                                   | 131 |  |   | 130 |  |   |
| Other                                                                             | 2 |  |   | 2 |  |   |
| Net investment income                                                             | $ | 429 |  |   | $ | 450 |  |   |
| Average amortized cost of fixed maturity securities portfolio                     | $ | 25,483 |  |   | $ | 25,720 |  |   |
| Effective income yield for the fixed maturity securities portfolio, pretax (1)    | 4.6 |  | % | 5.0 |  | % |
| Effective income yield for the fixed maturity securities portfolio, after tax (1) | 3.1 |  | % | 3.3 |  | % |

|                                                                                   |
|-----------------------------------------------------------------------------------|
|                                                                                   |  |  |  |  |  |  |  |  |
|                                                                              |   |   |   |   |
| THREE MONTHS ENDED MARCH 31                                                       | Life & Group Non-Core |   |
| (In millions)                                                                     | 2013 |   | 2012 |   |
| Fixed maturity securities                                                         | $ | 203 |  |   | $ | 198 |  |   |
| Limited partnership investments                                                   | — |  |   | — |  |   |
| Other                                                                             | 1 |  |   | — |  |   |
| Net investment income                                                             | $ | 204 |  |   | $ | 198 |  |   |
| Average amortized cost of fixed maturity securities portfolio                     | $ | 12,932 |  |   | $ | 11,983 |  |   |
| Effective income yield for the fixed maturity securities portfolio, pretax (1)    | 6.3 |  | % | 6.6 |  | % |
| Effective income yield for the fixed maturity securities portfolio, after tax (1) | 4.6 |  | % | 4.7 |  | % |

----

|                                         |
|-----------------------------------------|
|                                         |  |  |  |  |  |  |  |  |  |  |  |
| THREE MONTHS ENDED MARCH 31             |   |   |   |   |   |   |
| Income Statements                       | (Preliminary)2013 |   |   |   | Fav / (Unfav) % Change |   |
| (In millions)                           |   | 2012 |   |   |
| Combined Continental Casualty Companies |   |   |   |   |   |   |
| Gross written premiums                  | $ | 2,213 |  |   | $ | 2,110 |  |   | 5 |  | % |
| Net written premiums                    | 1,663 |  |   | 1,563 |  |   | 6 |  |   |
|                                    |   |   |   |   |   |   |
| Net earned premiums                     | 1,367 |  |   | 1,306 |  |   | 5 |  |   |
| Claim and claim adjustment expenses     | 1,171 |  |   | 1,146 |  |   | (2 | ) |   |
| Acquisition expenses                    | 290 |  |   | 270 |  |   | (7 | ) |   |
| Underwriting expenses                   | 210 |  |   | 211 |  |   | — |  |   |
| Policyholders' dividends                | 2 |  |   | — |  |   | N/M |  |   |
| Underwriting income (loss)              | (306 | ) |   | (321 | ) |   | 5 |  |   |
| Net investment income                   | 432 |  |   | 428 |  |   | 1 |  |   |
| Other income (loss)                     | 5 |  |   | 6 |  |   | (17 | ) |   |
| Income tax (expense) benefit            | (3 | ) |   | (14 | ) |   | 79 |  |   |
| Net realized gains (losses)             | 14 |  |   | 31 |  |   | (55 | ) |   |
| Net income (loss)                       | $ | 142 |  |   | $ | 130 |  |   | 9 |  | % |
|                                    |   |   |   |   |   |   |
| Financial Ratios                        |   |   |   |   |   |   |
| Loss and LAE                            | 85.6 |  | % | 87.7 |  | % |   |   |
| Acquisition expense                     | 17.4 |  |   | 17.3 |  |   |   |   |
| Underwriting expense                    | 12.8 |  |   | 13.5 |  |   |   |   |
| Expense                                 | 30.2 |  |   | 30.8 |  |   |   |   |
| Dividend                                | 0.1 |  |   | — |  |   |   |   |
| Combined ratio                          | 115.9 |  | % | 118.5 |  | % |   |   |

|                                         |
|-----------------------------------------|
|                                         |  |  |  |  |  |  |  |  |  |  |
| SUPPLEMENTAL STATUTORY DATA             | (Preliminary) March 31, 2013 |   | December 31, 2012 |   |   |   |
| (In millions)                           |   |   |   |
| Combined Continental Casualty Companies |   |   |   |   |   |   |
| Statutory surplus (1)                   | $ | 10,020 |  |   | $ | 9,998 |  |   |   |   |
| Life Company                            |   |   |   |   |   |   |
| Statutory surplus                       | $ | 570 |  |   | $ | 556 |  |   |   |   |

----

|                                     |
|-------------------------------------|
|                                     |  |  |  |  |  |  |  |  |  |
|                                | CNA Specialty |
|                                | 2013 YTD Evaluatedat 3/31/13 |   | 2012 FY Evaluated at 12/31/12 |   | 2012 FY Evaluated at 3/31/13 |   |
| Gross Accident Year                 | 59.3 |  | % | 59.7 |  | % | 58.9 |  | % |
| Impact of Reinsurance               | 7.9 |  |   | 8.6 |  |   | 9.4 |  |   |
| Net Accident Year                   | 67.2 |  |   | 68.3 |  |   | 68.3 |  | % |
| Impact of Development and Other (1) | (2.9 | ) |   | (5.1 | ) |   |   |   |
| Net Calendar Year                   | 64.3 |  | % | 63.2 |  | % |   |   |

|                                          |
|------------------------------------------|
|                                          |  |  |  |  |  |  |  |  |  |
|                                     | CNA Commercial |
|                                     | 2013 YTD Evaluatedat 3/31/13 |   | 2012 FY Evaluated at 12/31/12 |   | 2012 FY Evaluated at 3/31/13 |   |
| Gross Accident Year                      | 70.7 |  | % | 77.6 |  | % | 78.0 |  | % |
| Impact of Reinsurance                    | 2.5 |  |   | 1.9 |  |   | 1.4 |  |   |
| Net Accident Year                        | 73.2 |  |   | 79.5 |  |   | 79.4 |  | % |
| Impact of Development and Other (1) | (1.5 | ) |   | (1.6 | ) |   |   |   |
| Net Calendar Year                        | 71.7 |  | % | 77.9 |  | % |   |   |

|                                          |
|------------------------------------------|
|                                          |  |  |  |  |  |  |  |  |  |
|                                     | Hardy (2) |
|                                     | 2013 YTD Evaluatedat 3/31/13 |   | 2012 FY Evaluated at 12/31/12 |   | 2012 FY Evaluated at 3/31/13 |   |
| Gross Accident Year                      | 45.3 |  | % | 76.6 |  | % | 67.4 |  | % |
| Impact of Reinsurance                    | 2.0 |  |   | (12.3 | ) |   | 0.4 |  |   |
| Net Accident Year                        | 47.3 |  |   | 64.3 |  |   | 67.8 |  | % |
| Impact of Development and Other (1) | 1.4 |  |   | (4.0 | ) |   |   |   |
| Net Calendar Year                        | 48.7 |  | % | 60.3 |  | % |   |   |

|                                     |
|-------------------------------------|
|                                     |  |  |  |  |  |  |  |  |  |
|                                | P&C Operations |
|                                | 2013 YTD Evaluatedat 3/31/13 |   | 2012 FY Evaluated at 12/31/12 |   | 2012 FY Evaluated at 3/31/13 |   |
| Gross Accident Year                 | 63.2 |  | % | 67.4 |  | % | 66.9 |  | % |
| Impact of Reinsurance               | 6.2 |  |   | 6.7 |  |   | 7.2 |  |   |
| Net Accident Year                   | 69.4 |  |   | 74.1 |  |   | 74.1 |  | % |
| Impact of Development and Other (1) | (1.9 | ) |   | (3.3 | ) |   |   |   |
| Net Calendar Year                   | 67.5 |  | % | 70.8 |  | % |   |   |

----

|                       |
|-----------------------|
|                       |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| March 31, 2013   |   |   |   |   |   |   |   |
| (In millions)         | Claim and claim adjustment expenses |   | Future policy benefits |   | Policyholders' funds |   | Separate account business |
| Long term care        | $ | 1,708 |  |   | $ | 6,993 |  |   | $ | — |  |   | $ | — |  |
| Payout annuities      | 633 |  |   | 2,001 |  |   | — |  |   | — |  |
| Institutional markets | 1 |  |   | 12 |  |   | 96 |  |   | 279 |  |
| Other                 | 44 |  |   | 4 |  |   | — |  |   | — |  |
| Total                 | $ | 2,386 |  |   | $ | 9,010 |  |   | $ | 96 |  |   | $ | 279 |  |

|                        |
|------------------------|
|                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| December 31, 2012 |   |   |   |   |   |   |   |
| (In millions)          | Claim and claim adjustment expenses |   | Future policy benefits |   | Policyholders' funds |   | Separate account business |
| Long term care         | $ | 1,683 |  |   | $ | 6,879 |  |   | $ | — |  |   | $ | — |  |
| Payout annuities       | 637 |  |   | 2,008 |  |   | — |  |   | — |  |
| Institutional markets  | 1 |  |   | 12 |  |   | 100 |  |   | 312 |  |
| Other                  | 45 |  |   | 4 |  |   | — |  |   | — |  |
| Total                  | $ | 2,366 |  |   | $ | 8,903 |  |   | $ | 100 |  |   | $ | 312 |  |