UNITED STATES


                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported)             November 25, 2003


                            CNA FINANCIAL CORPORATION

             (Exact name of registrant as specified in its charter)

               DELAWARE                  1-5823              36-6169860
     (State or Other Jurisdiction      (Commission         (IRS Employer
           of Incorporation)           File Number)      Identification No.)

       CNA PLAZA, CHICAGO, ILLINOIS                             60685
(Address of Principal Executive Offices)                     (Zip Code)

Registrant's telephone number, including area code         (312) 822-5000

                                 Not Applicable
          (Former Name or Former Address, if Changed Since Last Report)


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Item 5.  Other Events

On November 24, 2003 CNA Financial Corporation issued a press release announcing
the completion of CNA's previously announced sale of $750 million of its
participating convertible preferred stock to Loews Corporation, the owner of
approximately 90% of CNA's outstanding common stock. The press release is
furnished as Exhibit 99.1 to this Form 8-K.

Item 7.  Financial Statements and Exhibits

(c)  Exhibits:

Exhibit No.    Description
-----------    -----------

99.1           CNA Financial Corporation press release, issued November 24,


Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                         CNA FINANCIAL CORPORATION

Dated:  November 25, 2003                    /s/ Robert V. Deutsch
                                        By:  Robert V. Deutsch
                                        Its: Executive Vice President and
                                             Chief Financial Officer

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