SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Under the Securities and Exchange Act of 1934
Schedule 13G
CNA SURETY CORPORATION
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities )
12612L 10 08
(CUSIP NUMBER)
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1) Name of Reporting Person: CNA Financial Corporation
SS or IRS Identification 36-6169860
Nos. of Above Persons:
2) Check the Appropriate Box (a) (b) X
If A Member of Group
(See Instructions)
3) SEC Use Only
4) Citizenship or Place of Organization Delaware
Number of (5) Sole Voting Power 0
Shares
Beneficially Owned (6) Shared Voting Power 27,078,219*
by Each Reporting
Person With: (7) Sole Dispositive Power 0
(8) Shared Dispositive Power: 27,078,219*
9) Aggregate Amount Beneficially 27,078,219*
Owned by Each Reporting Person
10) Check if the aggregate Amount in Row (9)
Exclude Certain Shares (See Instructions)
11) Percent of Class Represented
By Amount in Row 9 61.75%
12) Type of Reporting
Person (See Instructions) HC
* CNA Financial Corporation disclaims beneficial ownership of the securities
listed in this schedule. It is filing this schedule because of its direct or
indirect ownership of the insurance company subsidiaries listed herein as the
beneficial owners of the shares.
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1) Name of Reporting Person: Loews Corporation
SS or IRS Identification 13-2646102
Nos. of Above Persons:
2) Check the Appropriate Box (a) (b) X
If A Member of Group
(See Instructions)
3) SEC Use Only
4) Citizenship or Place of Organization Delaware
Number of (5) Sole Voting Power 0
Shares
Beneficially Owned (6) Shared Voting Power 27,078,219*
by Each Reporting
Person With: (7) Sole Dispositive Power 0
(8) Shared Dispositive Power: 27,078,219*
9) Aggregate Amount Beneficially
Owned by Each Reporting Person 27,078,219*
10) Check if the aggregate Amount in Row (9)
Exclude Certain Shares (See Instructions)
11) Percent of Class Represented
By Amount in Row 9 61.75%
12) Type of Reporting
Person (See Instructions) HC
* Loews Corporation disclaims beneficial ownership of the securities listed in
this schedule. It is filing this schedule because of its direct or indirect
ownership of the insurance company subsidiaries listed herein as the beneficial
owners of the shares.
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Item 1(a) Name of Issuer.
CNA Surety Corporation
Item 1(b) Address of Issuer's Principal Executive Offices
CNA Plaza
Chicago, Illinois 60685
Item 2(a) Name of Person Filing.
CNA Financial Corporation
Loews Corporation
Item 2(b) Address of Principal Business Office:
CNA Financial Corporation - CNA Plaza
Chicago, IL 60685
Loews Corporation - 667 Madison Avenue
New York, NY 10021-8087
Item 2(c) Citizenship:
CNA Financial Corporation - State Of Delaware
Loews Corporation - State Of Delaware
Item 2(d) Title of Class of Securities. Common Stock
par value $0.01 per share
Item 2(e) CUSIP Number. 12612L 10 08
Item 3 The persons filing this statement pursuant to Rule 13-1(b)
or 13d-2 is:
(g) Parent Holding Company (HC) (Relevant subsidiaries are
Continental Casualty Company, an Illinois insurance company which beneficially
owns 9,748,158.8 shares; National Fire Insurance Company of Hartford, a
Connecticut insurance company which beneficially owns 8,665,030.1 shares;
American Casualty Company of Reading, Pennsylvania which beneficially owns
7,852,683.5 shares; Firemen's Insurance Company of Newark, New Jersey, a New
Jersey insurance company which beneficially owns 541,564.4 shares and
Continental Insurance Company, a New Hampshire insurance company which
benficially owns 270,782.2 shares.)
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Item 4. Ownership
Loews Corp. CNA Financial
Corporation
(a) Amount Beneficially Owned: 27,078,219* 27,078,219*
(b) Percent of Class 61.75% 61.75%
(c) Number of shares as to which such
person has
(i) sole power to vote or to direct the vote 0 0
(ii) shared power to vote or to direct vote 27,078,219* 27,078,219*
(iii) sole power to dispose or to direct
disposition of: 0 0
(iv) shared power to dispose or to direct
disposition 27,078,219* 27,078,219*
* CNA Financial Corporation and Loews Corporation disclaim beneficial ownership
of the securities listed in this schedule. They are filing this schedule because
of its direct or indirect ownership of the insurance company subsidiaries listed
herein as the beneficial owners of the shares.
Item 5. Ownership of Five Percent or Less of a Class.
Inapplicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Inapplicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported On By the Parent Holding Company.
Continental Casualty Company, an Illinois insurance company (IC).
National Fire Insurance Company of Hartford, a Connecticut insurance
company (IC) American Casualty Company of Reading, Pennsyvania, a
Pennsylvania insurance company (IC) Firemen's Insurance Company of
Newark, New Jersey, a New Jersey insurance company (IC) Continental
Insurance Company, a New Hampshire insurance company (IC)
Item 8. Identification and Classification of Members of the Group.
Inapplicable.
Item 9. Notice of Dissolution of the Group.
Inapplicable.
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transactions having
such purposes or effect.
After reasonable inquiry and to the best of my knowledge and believe, I
certify that the information set forth in this statement is true, complete and
correct.
November 10, 1997
Date
/s/ Donald M. Lowry
Signature
Donald M. Lowry
Senior Vice President, Secretary and General Counsel
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Item 10. Certification.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transactions having
such purposes or effect.
After reasonable inquiry and to the best of my knowledge and believe, I
certify that the information set forth in this statement is true, complete and
correct.
November 10, 1997
Date
/s/ Barry L Hirsch
Signature
Barry L. Hirsch
Senior Vice President, Secretary and General Counsel
