CNA - M&A Summary and Business Overview

InsuranceCompany

CNA M&A Summary

CNA has acquired 3 companies. It has also divested 2 assets.

CNA’s largest acquisition to date was in 2012, when it acquired Hardy Underwriting Bermuda Limited for $2.2B. It’s largest disclosed sale occurred in 1999, when it sold Auto and Home Insurance Unit of CNA to The Allstate for $1.2B. CNA has acquired in 2 different US states, and 2 countries. The Company’s most targeted sectors include insurance (100%).

CNA Business Overview

Where is CNA headquartered?

CNA is headquartered in Chicago, Illinois.

What is CNA’s revenue?

CNA disclosed revenue of 13,125M USD for 2023 and 11,891M USD for 2022.

How many employees does CNA have?

CNA has 6,100 employees.

What sector is CNA in?

CNA is an insurance company.

When was CNA founded?

CNA was founded in 1853.

M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity3
    • M&A Sell Activity2
  • Total Sectors Invested 1
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 3

CNA

CNA Financial Corp.

151 North Franklin Street Floor 9,
Chicago, Illinois 60606
United States,
(312) 822-5000
www.cna.com

CNA is a commercial insurance company. CNA's insurance products include standard commercial lines, specialty lines, surety, marine and other property and casualty coverages. CNA's services include risk management, information services, underwriting, risk control and claims administration. CNA was incorporated in 1853 and is based in Chicago, Illinois.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 3 - - - - - 3
vol $2.2B $2.2B
Sell (0.0/yr) # 2 - - - - - 2
vol $1.2B $1.2B
  5

Most Recent M&A

Company Date Value Type
Continental Assurance Company 2014-08-01 - Divestiture
Chicago, Illinois
Hardy Underwriting Bermuda Limited 2012-03-21 2.2B USD Add-on Acquisition
Hamilton, Bermuda · www.hardygroup.bm
Sur Insurance Agency, Inc. 2010-11-01 - Add-on Acquisition
Sioux Falls, South Dakota
First Insurance Company of Hawaii, Ltd. 1999-06-28 - Joint Venture
Honolulu,, Hawaii · www.ficoh.com
Auto and Home Insurance Unit of CNA 1999-06-10 1.2B USD Divestiture
Chicago, Illinois
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 3 (100%) 2.2B (100%) 2 (100%) 1.2B (100%)
Total 3 $2.2B 2 $1.2B

By Geo

State/Country Buy Value Sell Value
United States 2 - 2 1.2B
  Illinois - - 2 1.2B
  South Dakota 1 - - -
  Hawaii 1 - - -
Bermuda 1 2.2B - -
Domestic 2 (67%) - 2 (100%) 1.2B (100%)
Cross-border 1 (33%) 2.2B (100%) - -
Total 3 $2.2B 2 $1.2B

Deal Values

buy # Total
> $1B 1 $2.2B
TOTAL $2.2B
Largest Hardy Underwriting Bermuda Limited
$2.2B (2012-03-21)
sell # Total
> $1B 1 $1.2B
TOTAL $1.2B
Largest Auto and Home Insurance Unit of CNA
$1.2B (1999-06-10)

M&A Connections

Deals
Divested to
Strategic(s)
100%
2 (100%)

Company Summary

SECTOR

Insurance

Revenue

13,125   11% 2023
11,891   3% 2022
11,546   9% 2021
10,687   1% 2020
10,767   7% 2019
10,134   7% 2018
9,542   2% 2017
9,366   3% 2016
9,101   7% 2015
9,692   3% 2014
9,932   7% 2013
9,364   2012
(millions of USD) Show More Show Less

Employees

6,100

Established

1853

Public

NYSE: CNA

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