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BT 475.77 238.45 Td (the ) Tj ET Q q 0 0 0 rg BT 487.14 238.45 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 531.40 238.45 Td (Financial ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 67.50 228.85 Td (Statements ) Tj ET Q q 0 0 0 rg BT 104.16 228.85 Td (within ) Tj ET Q q 0 0 0 rg BT 126.16 228.85 Td (CNA's ) Tj ET Q q 0 0 0 rg BT 148.40 228.85 Td (Annual ) Tj ET Q q 0 0 0 rg BT 173.51 228.85 Td (Report ) Tj ET Q q 0 0 0 rg BT 197.29 228.85 Td (on ) Tj ET Q q 0 0 0 rg BT 207.29 228.85 Td (Form ) Tj ET Q q 0 0 0 rg BT 227.06 228.85 Td (10-K ) Tj ET Q q 0 0 0 rg BT 245.06 228.85 Td (for ) Tj ET Q q 0 0 0 rg BT 256.40 228.85 Td (the ) Tj ET Q q 0 0 0 rg BT 268.17 228.85 Td (year ) Tj ET Q q 0 0 0 rg BT 284.39 228.85 Td (ended ) Tj ET Q q 0 0 0 rg BT 305.49 228.85 Td (December ) Tj ET Q q 0 0 0 rg BT 340.36 228.85 Td (31, ) Tj ET Q q 0 0 0 rg BT 352.36 228.85 Td (2012 ) Tj ET Q q 0 0 0 rg BT 370.36 228.85 Td (for ) Tj ET Q q 0 0 0 rg BT 381.70 228.85 Td (further ) Tj ET Q q 0 0 0 rg BT 405.92 228.85 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Tj ET Q endstream endobj 5 0 obj <> endobj 6 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (2) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 735.40 Td (Property ) Tj ET Q q 0 0 0 rg BT 90.12 735.40 Td (& ) Tj ET Q q 0 0 0 rg BT 100.90 735.40 Td (Casualty ) Tj ET Q q 0 0 0 rg BT 141.63 735.40 Td (Operations' ) Tj ET Q q 0 0 0 rg BT 194.11 735.40 Td (net ) Tj ET Q q 0 0 0 rg BT 209.78 735.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 253.56 735.40 Td (income ) Tj ET Q q 0 0 0 rg BT 288.17 735.40 Td (was ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 307.51 735.40 Td ($257 ) Tj ET Q q 0 0 0 rg BT 331.74 735.40 Td (million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 363.52 735.40 Td ( ) Tj ET Q q 0 0 0 rg BT 365.75 735.40 Td (for ) Tj ET Q q 0 0 0 rg BT 380.81 735.40 Td (the ) Tj ET Q q 0 0 0 rg BT 396.48 735.40 Td (first ) Tj ET Q q 0 0 0 rg BT 416.43 735.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 449.81 735.40 Td (of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 461.21 735.40 Td (2013) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 483.21 735.40 Td ( ) Tj ET Q q 0 0 0 rg BT 485.44 735.40 Td (as ) Tj ET Q q 0 0 0 rg BT 496.84 735.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 542.44 735.40 Td (with ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 722.20 Td ($271 ) Tj ET Q q 0 0 0 rg BT 74.09 722.20 Td (million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 105.87 722.20 Td ( ) Tj ET Q q 0 0 0 rg BT 107.95 722.20 Td (in ) Tj ET Q q 0 0 0 rg BT 118.60 722.20 Td (the ) Tj ET Q q 0 0 0 rg BT 134.12 722.20 Td (prior ) Tj ET Q q 0 0 0 rg BT 157.59 722.20 Td (year ) Tj ET Q q 0 0 0 rg BT 178.61 722.20 Td (quarter) Tj ET Q q 0 0 0 rg BT 209.15 722.20 Td (. ) Tj ET Q q 0 0 0 rg BT 213.98 722.20 Td ( ) Tj ET Q q 0 0 0 rg BT 216.07 722.20 Td (Improved ) Tj ET Q q 0 0 0 rg BT 260.92 722.20 Td (non-catastrophe ) Tj ET Q q 0 0 0 rg BT 333.26 722.20 Td (current ) Tj ET Q q 0 0 0 rg BT 366.49 722.20 Td (accident ) Tj ET Q q 0 0 0 rg BT 405.22 722.20 Td (year ) Tj ET Q q 0 0 0 rg BT 426.23 722.20 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 485.14 722.20 Td (results ) Tj ET Q q 0 0 0 rg BT 515.95 722.20 Td (were ) Tj ET Q q 0 0 0 rg BT 539.41 722.20 Td (more ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 709.00 Td (than ) Tj ET Q q 0 0 0 rg BT 74.03 709.00 Td (of) Tj ET Q q 0 0 0 rg BT 82.99 709.00 Td (fset ) Tj ET Q q 0 0 0 rg BT 103.96 709.00 Td (by ) Tj ET Q q 0 0 0 rg BT 120.05 709.00 Td (lower ) Tj ET Q q 0 0 0 rg BT 150.19 709.00 Td (net ) Tj ET Q q 0 0 0 rg BT 168.72 709.00 Td (investment ) Tj ET Q q 0 0 0 rg BT 222.08 709.00 Td (income, ) Tj ET Q q 0 0 0 rg BT 262.29 709.00 Td (higher ) Tj ET Q q 0 0 0 rg BT 295.49 709.00 Td (catastrophe ) Tj ET Q q 0 0 0 rg BT 350.66 709.00 Td (losses ) Tj ET Q q 0 0 0 rg BT 382.03 709.00 Td (and ) Tj ET Q q 0 0 0 rg BT 403.00 709.00 Td (decreased ) Tj ET Q q 0 0 0 rg BT 451.45 709.00 Td (favorable ) Tj ET Q q 0 0 0 rg BT 498.07 709.00 Td (net ) Tj ET Q q 0 0 0 rg BT 516.60 709.00 Td (prior ) Tj ET Q q 0 0 0 rg BT 543.07 709.00 Td (year ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 695.80 Td (development. ) Tj ET Q q 0 0 0 rg BT 113.22 695.80 Td ( ) Tj ET Q q 0 0 0 rg BT 116.88 695.80 Td (Net ) Tj ET Q q 0 0 0 rg BT 136.43 695.80 Td (written ) Tj ET Q q 0 0 0 rg BT 171.24 695.80 Td (premiums ) Tj ET Q q 0 0 0 rg BT 218.90 695.80 Td (grew ) Tj ET Q q 0 0 0 rg BT 244.54 695.80 Td (10% ) Tj ET Q q 0 0 0 rg BT 268.37 695.80 Td (year ) Tj ET Q q 0 0 0 rg BT 290.95 695.80 Td (over ) Tj ET Q q 0 0 0 rg BT 314.16 695.80 Td (year) Tj ET Q q 0 0 0 rg BT 332.65 695.80 Td (, ) Tj ET Q q 0 0 0 rg BT 339.05 695.80 Td (primarily ) Tj ET Q q 0 0 0 rg BT 383.65 695.80 Td (due ) Tj ET Q q 0 0 0 rg BT 403.19 695.80 Td (to ) Tj ET Q q 0 0 0 rg BT 415.40 695.80 Td (increased ) Tj ET Q q 0 0 0 rg BT 460.59 695.80 Td (rates ) Tj ET Q q 0 0 0 rg BT 485.02 695.80 Td (across ) Tj ET Q q 0 0 0 rg BT 516.16 695.80 Td (both ) Tj ET Q q 0 0 0 rg BT 539.38 695.80 Td (CNA) Tj ET Q q 0 0 0 rg BT 562.00 695.80 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 682.60 Td (Specialty ) Tj ET Q q 0 0 0 rg BT 93.68 682.60 Td (and ) Tj ET Q q 0 0 0 rg BT 112.32 682.60 Td (CNA) Tj ET Q q 0 0 0 rg BT 134.93 682.60 Td ( ) Tj ET Q q 0 0 0 rg BT 137.68 682.60 Td (Commercial.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 663.40 Td (Net ) Tj ET Q q 0 0 0 rg BT 67.90 663.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 111.47 663.40 Td (results ) Tj ET Q q 0 0 0 rg BT 142.21 663.40 Td (for ) Tj ET Q q 0 0 0 rg BT 157.06 663.40 Td (our ) Tj ET Q q 0 0 0 rg BT 173.74 663.40 Td (non-core ) Tj ET Q q 0 0 0 rg BT 214.86 663.40 Td (segments ) Tj ET Q q 0 0 0 rg BT 257.82 663.40 Td (improved ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 302.00 663.40 Td ($19) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 318.50 663.40 Td ( ) Tj ET Q q 0 0 0 rg BT 320.52 663.40 Td (million ) Tj ET Q q 0 0 0 rg BT 354.32 663.40 Td (as ) Tj ET Q q 0 0 0 rg BT 365.51 663.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 410.90 663.40 Td (with ) Tj ET Q q 0 0 0 rg BT 432.48 663.40 Td (the ) Tj ET Q q 0 0 0 rg BT 447.94 663.40 Td (prior ) Tj ET Q q 0 0 0 rg BT 471.34 663.40 Td (year ) Tj ET Q q 0 0 0 rg BT 492.29 663.40 Td (quarter) Tj ET Q q 0 0 0 rg BT 522.83 663.40 Td (. ) Tj ET Q q 0 0 0 rg BT 527.60 663.40 Td ( ) Tj ET Q q 0 0 0 rg BT 529.63 663.40 Td (Results ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 650.20 Td (in ) Tj ET Q q 0 0 0 rg BT 60.58 650.20 Td (the ) Tj ET Q q 0 0 0 rg BT 76.04 650.20 Td (Life ) Tj ET Q q 0 0 0 rg BT 96.39 650.20 Td (& ) Tj ET Q q 0 0 0 rg BT 106.97 650.20 Td (Group ) Tj ET Q q 0 0 0 rg BT 137.10 650.20 Td (Non-Core ) Tj ET Q q 0 0 0 rg BT 183.11 650.20 Td (segment ) Tj ET Q q 0 0 0 rg BT 221.79 650.20 Td (improved ) Tj ET Q q 0 0 0 rg BT 265.97 650.20 Td (primarily ) Tj ET Q q 0 0 0 rg BT 308.93 650.20 Td (due ) Tj ET Q q 0 0 0 rg BT 326.83 650.20 Td (to ) Tj ET Q q 0 0 0 rg BT 337.41 650.20 Td (favorable ) Tj ET Q q 0 0 0 rg BT 380.97 650.20 Td (experience ) Tj ET Q q 0 0 0 rg BT 430.62 650.20 Td (in ) Tj ET Q q 0 0 0 rg BT 441.20 650.20 Td (our ) Tj ET Q q 0 0 0 rg BT 457.89 650.20 Td (long ) Tj ET Q q 0 0 0 rg BT 479.47 650.20 Td (term ) Tj ET Q q 0 0 0 rg BT 501.65 650.20 Td (care ) Tj ET Q q 0 0 0 rg BT 521.98 650.20 Td (business.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 631.00 Td (Pretax ) Tj ET Q q 0 0 0 rg BT 80.99 631.00 Td (net ) Tj ET Q q 0 0 0 rg BT 97.31 631.00 Td (investment ) Tj ET Q q 0 0 0 rg BT 148.47 631.00 Td (income ) Tj ET Q q 0 0 0 rg BT 183.74 631.00 Td (decreased ) Tj ET Q q 0 0 0 rg BT 229.98 631.00 Td (to ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 241.42 631.00 Td ($633) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 263.42 631.00 Td ( ) Tj ET Q q 0 0 0 rg BT 266.31 631.00 Td (million ) Tj ET Q q 0 0 0 rg BT 300.98 631.00 Td (for ) Tj ET Q q 0 0 0 rg BT 316.69 631.00 Td (the ) Tj ET Q q 0 0 0 rg BT 333.02 631.00 Td (first ) Tj ET Q q 0 0 0 rg BT 353.62 631.00 Td (quarter ) Tj ET Q q 0 0 0 rg BT 387.66 631.00 Td (of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 399.71 631.00 Td (2013) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 421.71 631.00 Td ( ) Tj ET Q q 0 0 0 rg BT 424.59 631.00 Td (as ) Tj ET Q q 0 0 0 rg BT 436.64 631.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 482.90 631.00 Td (with ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 505.34 631.00 Td ($648) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 527.34 631.00 Td ( ) Tj ET Q q 0 0 0 rg BT 530.23 631.00 Td (million ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 617.80 Td (in ) Tj ET Q q 0 0 0 rg BT 60.70 617.80 Td (the ) Tj ET Q q 0 0 0 rg BT 76.29 617.80 Td (prior ) Tj ET Q q 0 0 0 rg BT 99.81 617.80 Td (year ) Tj ET Q q 0 0 0 rg BT 120.89 617.80 Td (quarter) Tj ET Q q 0 0 0 rg BT 151.43 617.80 Td (. ) Tj ET Q q 0 0 0 rg BT 156.32 617.80 Td ( ) Tj ET Q q 0 0 0 rg BT 158.32 617.80 Td (The ) Tj ET Q q 0 0 0 rg BT 177.56 617.80 Td (decrease ) Tj ET Q q 0 0 0 rg BT 217.56 617.80 Td (was ) Tj ET Q q 0 0 0 rg BT 236.82 617.80 Td (primarily ) Tj ET Q q 0 0 0 rg BT 279.90 617.80 Td (driven ) Tj ET Q q 0 0 0 rg BT 310.14 617.80 Td (by ) Tj ET Q q 0 0 0 rg BT 323.29 617.80 Td (lower ) Tj ET Q q 0 0 0 rg BT 350.48 617.80 Td (fixed ) Tj ET Q q 0 0 0 rg BT 375.23 617.80 Td (maturity ) Tj ET Q q 0 0 0 rg BT 414.65 617.80 Td (securities ) Tj ET Q q 0 0 0 rg BT 458.33 617.80 Td (income ) Tj ET Q q 0 0 0 rg BT 492.85 617.80 Td (due ) Tj ET Q q 0 0 0 rg BT 510.88 617.80 Td (to ) Tj ET Q q 0 0 0 rg BT 521.58 617.80 Td (the ) Tj ET Q q 0 0 0 rg BT 537.17 617.80 Td (ef) Tj ET Q q 0 0 0 rg BT 545.52 617.80 Td (fect ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 604.60 Td (of ) Tj ET Q q 0 0 0 rg BT 60.81 604.60 Td (purchasing ) Tj ET Q q 0 0 0 rg BT 110.71 604.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 164.91 604.60 Td (at ) Tj ET Q q 0 0 0 rg BT 174.49 604.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 201.18 604.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 235.20 604.60 Td (rates, ) Tj ET Q q 0 0 0 rg BT 260.36 604.60 Td (partially ) Tj ET Q q 0 0 0 rg BT 298.65 604.60 Td (of) Tj ET Q q 0 0 0 rg BT 307.62 604.60 Td (fset ) Tj ET Q q 0 0 0 rg BT 325.15 604.60 Td (by ) Tj ET Q q 0 0 0 rg BT 337.79 604.60 Td (a ) Tj ET Q q 0 0 0 rg BT 344.31 604.60 Td (higher ) Tj ET Q q 0 0 0 rg BT 374.06 604.60 Td (invested ) Tj ET Q q 0 0 0 rg BT 412.36 604.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 435.39 604.60 Td (base. ) Tj ET Q q 0 0 0 rg BT 459.33 604.60 Td ( ) Tj ET Q q 0 0 0 rg BT 460.97 604.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 479.72 604.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 512.53 604.60 Td (partnership ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 591.40 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 91.24 591.40 Td (produced ) Tj ET Q q 0 0 0 rg BT 134.92 591.40 Td (consistently ) Tj ET Q q 0 0 0 rg BT 190.22 591.40 Td (superior ) Tj ET Q q 0 0 0 rg BT 229.02 591.40 Td (returns ) Tj ET Q q 0 0 0 rg BT 262.31 591.40 Td (in ) Tj ET Q q 0 0 0 rg BT 273.62 591.40 Td (both ) Tj ET Q q 0 0 0 rg BT 295.93 591.40 Td (periods.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 572.20 Td (After) Tj ET Q q 0 0 0 rg BT 72.99 572.20 Td (-tax ) Tj ET Q q 0 0 0 rg BT 93.26 572.20 Td (net ) Tj ET Q q 0 0 0 rg BT 109.87 572.20 Td (realized ) Tj ET Q q 0 0 0 rg BT 147.85 572.20 Td (investment ) Tj ET Q q 0 0 0 rg BT 199.29 572.20 Td (gains ) Tj ET Q q 0 0 0 rg BT 225.69 572.20 Td (decreased ) Tj ET Q q 0 0 0 rg BT 272.21 572.20 Td (to ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 283.94 572.20 Td ($19 ) Tj ET Q q 0 0 0 rg BT 303.62 572.20 Td (million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 335.40 572.20 Td ( ) Tj ET Q q 0 0 0 rg BT 338.57 572.20 Td (for ) Tj ET Q q 0 0 0 rg BT 354.57 572.20 Td (the ) Tj ET Q q 0 0 0 rg BT 371.18 572.20 Td (first ) Tj ET Q q 0 0 0 rg BT 392.07 572.20 Td (quarter ) Tj ET Q q 0 0 0 rg BT 426.39 572.20 Td (of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 438.73 572.20 Td (2013) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 460.73 572.20 Td ( ) Tj ET Q q 0 0 0 rg BT 463.90 572.20 Td (as ) Tj ET Q q 0 0 0 rg BT 476.24 572.20 Td (compared ) Tj ET Q q 0 0 0 rg BT 522.78 572.20 Td (with ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 545.51 572.20 Td ($24 ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 559.00 Td (million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 81.78 559.00 Td ( ) Tj ET Q q 0 0 0 rg BT 84.34 559.00 Td (for ) Tj ET Q q 0 0 0 rg BT 99.72 559.00 Td (the ) Tj ET Q q 0 0 0 rg BT 115.72 559.00 Td (prior ) Tj ET Q q 0 0 0 rg BT 139.66 559.00 Td (year ) Tj ET Q q 0 0 0 rg BT 161.15 559.00 Td (quarter) Tj ET Q q 0 0 0 rg BT 191.85 559.00 Td (, ) Tj ET Q q 0 0 0 rg BT 197.16 559.00 Td (driven ) Tj ET Q q 0 0 0 rg BT 227.82 559.00 Td (by ) Tj ET Q q 0 0 0 rg BT 241.38 559.00 Td (lower ) Tj ET Q q 0 0 0 rg BT 268.98 559.00 Td (realized ) Tj ET Q q 0 0 0 rg BT 306.34 559.00 Td (gains ) Tj ET Q q 0 0 0 rg BT 332.12 559.00 Td (on ) Tj ET Q q 0 0 0 rg BT 345.68 559.00 Td (sales ) Tj ET Q q 0 0 0 rg BT 369.62 559.00 Td (of ) Tj ET Q q 0 0 0 rg BT 381.34 559.00 Td (securities, ) Tj ET Q q 0 0 0 rg BT 428.19 559.00 Td (partially ) Tj ET Q q 0 0 0 rg BT 467.40 559.00 Td (of) Tj ET Q q 0 0 0 rg BT 476.36 559.00 Td (fset ) Tj ET Q q 0 0 0 rg BT 494.81 559.00 Td (by ) Tj ET Q q 0 0 0 rg BT 508.36 559.00 Td (lower ) Tj ET Q q 0 0 0 rg BT 535.97 559.00 Td (other) Tj ET Q q 0 0 0 rg BT 558.35 559.00 Td (-) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 545.80 Td (than-temporary-impairment ) Tj ET Q q 0 0 0 rg BT 174.93 545.80 Td (\(OTTI\) ) Tj ET Q q 0 0 0 rg BT 210.05 545.80 Td (losses ) Tj ET Q q 0 0 0 rg BT 239.08 545.80 Td (recognized ) Tj ET Q q 0 0 0 rg BT 290.08 545.80 Td (in ) Tj ET Q q 0 0 0 rg BT 301.38 545.80 Td (earnings.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 526.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 61.40 526.60 Td (operty ) Tj ET Q q 0 0 0 rg BT 94.70 526.60 Td (& ) Tj ET Q q 0 0 0 rg BT 106.61 526.60 Td (Casualty ) Tj ET Q q 0 0 0 rg BT 150.92 526.60 Td (Operations) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 507.40 Td (While ) Tj ET Q q 0 0 0 rg BT 84.87 507.40 Td (we ) Tj ET Q q 0 0 0 rg BT 100.81 507.40 Td (are ) Tj ET Q q 0 0 0 rg BT 117.35 507.40 Td (encouraged ) Tj ET Q q 0 0 0 rg BT 171.16 507.40 Td (by ) Tj ET Q q 0 0 0 rg BT 185.27 507.40 Td (our ) Tj ET Q q 0 0 0 rg BT 203.05 507.40 Td (growth ) Tj ET Q q 0 0 0 rg BT 237.32 507.40 Td (momentum, ) Tj ET Q q 0 0 0 rg BT 293.29 507.40 Td (our ) Tj ET Q q 0 0 0 rg BT 311.07 507.40 Td (primary ) Tj ET Q q 0 0 0 rg BT 349.00 507.40 Td (focus ) Tj ET Q q 0 0 0 rg BT 375.94 507.40 Td (remains ) Tj ET Q q 0 0 0 rg BT 413.87 507.40 Td (the ) Tj ET Q q 0 0 0 rg BT 430.42 507.40 Td (need ) Tj ET Q q 0 0 0 rg BT 454.30 507.40 Td (to ) Tj ET Q q 0 0 0 rg BT 465.97 507.40 Td (drive ) Tj ET Q q 0 0 0 rg BT 491.69 507.40 Td (improvement ) Tj ET Q q 0 0 0 rg BT 553.45 507.40 Td (in ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 494.20 Td (our ) Tj ET Q q 0 0 0 rg BT 67.07 494.20 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 126.31 494.20 Td (mar) Tj ET Q q 0 0 0 rg BT 143.21 494.20 Td (gins, ) Tj ET Q q 0 0 0 rg BT 166.71 494.20 Td (which ) Tj ET Q q 0 0 0 rg BT 196.00 494.20 Td (improved ) Tj ET Q q 0 0 0 rg BT 240.57 494.20 Td (modestly ) Tj ET Q q 0 0 0 rg BT 283.31 494.20 Td (in ) Tj ET Q q 0 0 0 rg BT 294.28 494.20 Td (the ) Tj ET Q q 0 0 0 rg BT 310.13 494.20 Td (first ) Tj ET Q q 0 0 0 rg BT 330.26 494.20 Td (quarter) Tj ET Q q 0 0 0 rg BT 360.80 494.20 Td (. ) Tj ET Q q 0 0 0 rg BT 365.79 494.20 Td (W) Tj ET Q q 0 0 0 rg BT 375.29 494.20 Td (e ) Tj ET Q q 0 0 0 rg BT 382.59 494.20 Td (expect ) Tj ET Q q 0 0 0 rg BT 413.70 494.20 Td (to ) Tj ET Q q 0 0 0 rg BT 424.67 494.20 Td (accelerate ) Tj ET Q q 0 0 0 rg BT 471.03 494.20 Td (our ) Tj ET Q q 0 0 0 rg BT 488.11 494.20 Td (progress ) Tj ET Q q 0 0 0 rg BT 527.79 494.20 Td (through ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 481.00 Td (the ) Tj ET Q q 0 0 0 rg BT 65.63 481.00 Td (remainder ) Tj ET Q q 0 0 0 rg BT 112.41 481.00 Td (of ) Tj ET Q q 0 0 0 rg BT 123.77 481.00 Td (2013 ) Tj ET Q q 0 0 0 rg BT 147.97 481.00 Td (and ) Tj ET Q q 0 0 0 rg BT 166.05 481.00 Td (into ) Tj ET Q q 0 0 0 rg BT 185.35 481.00 Td (2014 ) Tj ET Q q 0 0 0 rg BT 209.55 481.00 Td (as ) Tj ET Q q 0 0 0 rg BT 220.91 481.00 Td (sustained ) Tj ET Q q 0 0 0 rg BT 264.04 481.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 282.72 481.00 Td (increases ) Tj ET Q q 0 0 0 rg BT 325.23 481.00 Td (and ) Tj ET Q q 0 0 0 rg BT 343.30 481.00 Td (non-rate ) Tj ET Q q 0 0 0 rg BT 382.15 481.00 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 441.16 481.00 Td (actions ) Tj ET Q q 0 0 0 rg BT 474.51 481.00 Td (continue ) Tj ET Q q 0 0 0 rg BT 514.59 481.00 Td (to ) Tj ET Q q 0 0 0 rg BT 525.34 481.00 Td (improve ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 467.80 Td (our ) Tj ET Q q 0 0 0 rg BT 67.41 467.80 Td (results, ) Tj ET Q q 0 0 0 rg BT 106.51 467.80 Td (said ) Tj ET Q q 0 0 0 rg BT 126.79 467.80 Td (Thomas ) Tj ET Q q 0 0 0 rg BT 164.97 467.80 Td (F) Tj ET Q q 0 0 0 rg BT 170.21 467.80 Td (. ) Tj ET Q q 0 0 0 rg BT 175.71 467.80 Td (Motamed, ) Tj ET Q q 0 0 0 rg BT 223.37 467.80 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 269.50 467.80 Td (and ) Tj ET Q q 0 0 0 rg BT 288.13 467.80 Td (Chief ) Tj ET Q q 0 0 0 rg BT 315.32 467.80 Td (Executive ) Tj ET Q q 0 0 0 rg BT 362.04 467.80 Td (Of) Tj ET Q q 0 0 0 rg BT 373.45 467.80 Td (ficer ) Tj ET Q q 0 0 0 rg BT 396.35 467.80 Td (of ) Tj ET Q q 0 0 0 rg BT 408.26 467.80 Td (CNA) Tj ET Q q 0 0 0 rg BT 430.88 467.80 Td ( ) Tj ET Q q 0 0 0 rg BT 433.63 467.80 Td (Financial ) Tj ET Q q 0 0 0 rg BT 477.31 467.80 Td (Corporation.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 408.30 352.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 408.30 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 408.30 12.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 408.30 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 408.30 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 550.50 408.30 12.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 382.30 352.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 382.30 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 382.30 12.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 382.30 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 382.30 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 550.50 382.30 12.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 356.30 352.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 356.30 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 356.30 12.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 356.30 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 356.30 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 550.50 356.30 12.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 330.30 352.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 330.30 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 330.30 12.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 330.30 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 330.30 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 550.50 330.30 12.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 304.30 352.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 304.30 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 304.30 12.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 304.30 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 304.30 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 550.50 304.30 12.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 276.30 352.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 276.30 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 276.30 12.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 276.30 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 276.30 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 550.50 276.30 12.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 421.29999999999995 m 465.5 421.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 421.29999999999995 m 477.5 421.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 421.29999999999995 m 487.5 421.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 421.29999999999995 m 550.5 421.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 550.5 421.29999999999995 m 562.5 421.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 408.29999999999995 m 465.5 408.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 408.29999999999995 m 477.5 408.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 421.29999999999995 m 550.5 421.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 408.29999999999995 m 550.5 408.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 550.5 408.29999999999995 m 562.5 408.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 408.29999999999995 m 465.5 408.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 408.29999999999995 m 477.5 408.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 408.29999999999995 m 550.5 408.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 317.29999999999995 m 465.5 317.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 317.29999999999995 m 550.5 317.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 317.29999999999995 m 465.5 317.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 305.29999999999995 m 465.5 305.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 303.29999999999995 m 465.5 303.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 317.29999999999995 m 550.5 317.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 305.29999999999995 m 550.5 305.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 303.29999999999995 m 550.5 303.29999999999995 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 412.10 434.75 Td (Results for the Three Months Ended) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 463.45 425.75 Td (March31) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 412.56 Td (\($ millions\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 430.50 412.70 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.50 412.70 Td (2012) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 399.56 Td (Net written premiums) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 405.00 399.56 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 441.75 399.56 Td (1,776) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.00 399.56 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 526.75 399.56 Td (1,608) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 65.00 386.56 Td (NWP) Tj ET Q q 0 0 0 rg BT 84.67 386.56 Td ( Growth \(% year over year\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 453.00 386.56 Td (10) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 466.50 386.56 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 542.50 386.56 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.50 386.56 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 373.56 Td (Net operating income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 405.00 373.56 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 448.50 373.56 Td (257) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.00 373.56 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.50 373.56 Td (271) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 347.56 Td (Loss ratio) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.25 347.56 Td (67.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 466.50 347.56 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 531.25 347.56 Td (68.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.50 347.56 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 334.56 Td (Ef) Tj ET Q q 0 0 0 rg BT 61.33 334.56 Td (fect of catastrophe impacts) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.75 334.56 Td (\(2.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.00 334.56 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.75 334.56 Td (\(1.9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.00 334.56 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 321.56 Td (Ef) Tj ET Q q 0 0 0 rg BT 61.33 321.56 Td (fect of development-related items) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 450.75 321.56 Td (1.9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.75 321.56 Td (2.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 308.56 Td (Loss ratio excluding catastrophes and development) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.25 308.56 Td (67.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 466.50 308.56 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 531.25 308.56 Td (68.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.50 308.56 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 280.76 Td (Combined ratio) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 441.75 280.76 Td (101.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 466.50 280.76 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 526.75 280.76 Td (102.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.50 280.76 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 266.76 Td (Combined ratio excluding catastrophes and development) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 441.75 266.76 Td (101.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 466.50 266.76 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 526.75 266.76 Td (102.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.50 266.76 Td (%) Tj ET Q BT /F2 10.00 Tf ET endstream endobj 7 0 obj <> endobj 8 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (3) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 735.60 Td (Business ) Tj ET Q q 0 0 0 rg BT 93.10 735.60 Td (Operating ) Tj ET Q q 0 0 0 rg BT 144.13 735.60 Td (Highlights) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 716.40 Td (CNA) Tj ET Q q 0 0 0 rg BT 73.22 716.40 Td ( ) Tj ET Q q 0 0 0 rg BT 75.97 716.40 Td (Specialty) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 656.90 354.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 656.90 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 656.90 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 656.90 8.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 656.90 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 552.50 656.90 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 630.90 354.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 630.90 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 630.90 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 630.90 8.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 630.90 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 552.50 630.90 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 604.90 354.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 604.90 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 604.90 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 604.90 8.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 604.90 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 552.50 604.90 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 578.90 354.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 578.90 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 578.90 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 578.90 8.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 578.90 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 552.50 578.90 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 552.90 354.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 552.90 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 552.90 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 552.90 8.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 552.90 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 552.50 552.90 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 526.90 354.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 526.90 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 526.90 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 526.90 8.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 526.90 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 552.50 526.90 10.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 669.9 m 469.5 669.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 669.9 m 479.5 669.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 669.9 m 487.5 669.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 669.9 m 552.5 669.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 552.5 669.9 m 562.5 669.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 656.9 m 469.5 656.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 656.9 m 479.5 656.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 669.9 m 552.5 669.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 656.9 m 552.5 656.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 552.5 656.9 m 562.5 656.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 656.9 m 469.5 656.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 656.9 m 552.5 656.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 565.9 m 469.5 565.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 553.9 m 469.5 553.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 551.9 m 469.5 551.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 565.9 m 552.5 565.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 553.9 m 552.5 553.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 551.9 m 552.5 551.9 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 413.10 683.35 Td (Results for the Three Months Ended) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.45 674.35 Td (March31) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 661.16 Td (\($ millions\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 432.50 661.30 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.50 661.30 Td (2012) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 648.16 Td (Net written premiums) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 407.00 648.16 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 452.50 648.16 Td (803) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.00 648.16 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.50 648.16 Td (765) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 65.00 635.16 Td (NWP) Tj ET Q q 0 0 0 rg BT 84.67 635.16 Td ( Growth \(% year over year\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 461.50 635.16 Td (5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 468.55 635.21 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 544.50 635.16 Td (4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.55 635.21 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 622.16 Td (Net operating income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 407.00 622.16 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 452.50 622.16 Td (140) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.00 622.16 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.50 622.16 Td (132) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 596.16 Td (Loss ratio) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 450.25 596.16 Td (64.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 468.55 596.21 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.25 596.16 Td (66.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.55 596.21 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 583.16 Td (Ef) Tj ET Q q 0 0 0 rg BT 61.33 583.16 Td (fect of catastrophe impacts) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.75 583.16 Td (\(0.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 466.00 583.16 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 534.75 583.16 Td (\(0.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.00 583.16 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 570.16 Td (Ef) Tj ET Q q 0 0 0 rg BT 61.33 570.16 Td (fect of development-related items) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 454.75 570.16 Td (2.9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 537.75 570.16 Td (1.7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 557.16 Td (Loss ratio excluding catastrophes and development) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 450.25 557.16 Td (67.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 468.55 557.21 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.25 557.16 Td (67.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.55 557.21 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 531.16 Td (Combined ratio) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 450.25 531.16 Td (95.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 468.55 531.21 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.25 531.16 Td (97.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.55 531.21 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 518.16 Td (Combined ratio excluding catastrophes and development) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 450.25 518.16 Td (97.7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 468.55 518.21 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.25 518.16 Td (98.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.55 518.21 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 495.20 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 68.00 495.20 Td (Net ) Tj ET Q q 0 0 0 rg BT 86.53 495.20 Td (written ) Tj ET Q q 0 0 0 rg BT 120.34 495.20 Td (premiums ) Tj ET Q q 0 0 0 rg BT 166.99 495.20 Td (increased ) Tj ET Q q 0 0 0 rg BT 211.17 495.20 Td ($) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 216.67 495.20 Td (38 ) Tj ET Q q 0 0 0 rg BT 230.32 495.20 Td (million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 262.10 495.20 Td ( ) Tj ET Q q 0 0 0 rg BT 264.76 495.20 Td (for ) Tj ET Q q 0 0 0 rg BT 280.23 495.20 Td (the ) Tj ET Q q 0 0 0 rg BT 296.32 495.20 Td (first ) Tj ET Q q 0 0 0 rg BT 316.70 495.20 Td (quarter ) Tj ET Q q 0 0 0 rg BT 350.49 495.20 Td (of ) Tj ET Q q 0 0 0 rg BT 362.31 495.20 Td (2013 ) Tj ET Q q 0 0 0 rg BT 386.96 495.20 Td (as ) Tj ET Q q 0 0 0 rg BT 398.78 495.20 Td (compared ) Tj ET Q q 0 0 0 rg BT 444.79 495.20 Td (with ) Tj ET Q q 0 0 0 rg BT 467.00 495.20 Td (the ) Tj ET Q q 0 0 0 rg BT 483.09 495.20 Td (prior ) Tj ET Q q 0 0 0 rg BT 507.13 495.20 Td (year ) Tj ET Q q 0 0 0 rg BT 528.71 495.20 Td (quarter) Tj ET Q q 0 0 0 rg BT 559.25 495.20 Td (. ) Tj ET Q q 0 0 0 rg BT 564.75 495.20 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 68.00 482.00 Td (This ) Tj ET Q q 0 0 0 rg BT 90.54 482.00 Td (increase ) Tj ET Q q 0 0 0 rg BT 129.54 482.00 Td (was ) Tj ET Q q 0 0 0 rg BT 149.63 482.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 193.54 482.00 Td (driven ) Tj ET Q q 0 0 0 rg BT 224.62 482.00 Td (by ) Tj ET Q q 0 0 0 rg BT 238.60 482.00 Td (increased ) Tj ET Q q 0 0 0 rg BT 283.11 482.00 Td (rate. ) Tj ET Q q 0 0 0 rg BT 305.33 482.00 Td ( ) Tj ET Q q 0 0 0 rg BT 307.65 482.00 Td (A) Tj ET Q q 0 0 0 rg BT 314.78 482.00 Td (verage ) Tj ET Q q 0 0 0 rg BT 347.06 482.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 366.53 482.00 Td (increased ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 411.04 482.00 Td (7%) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 425.70 482.00 Td ( ) Tj ET Q q 0 0 0 rg BT 428.68 482.00 Td (for ) Tj ET Q q 0 0 0 rg BT 444.49 482.00 Td (the ) Tj ET Q q 0 0 0 rg BT 460.90 482.00 Td (first ) Tj ET Q q 0 0 0 rg BT 481.60 482.00 Td (quarter ) Tj ET Q q 0 0 0 rg BT 515.73 482.00 Td (of ) Tj ET Q q 0 0 0 rg BT 527.87 482.00 Td (2013 ) Tj ET Q q 0 0 0 rg BT 552.85 482.00 Td (as ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 68.00 468.80 Td (compared ) Tj ET Q q 0 0 0 rg BT 113.69 468.80 Td (with ) Tj ET Q q 0 0 0 rg BT 135.58 468.80 Td (an ) Tj ET Q q 0 0 0 rg BT 148.29 468.80 Td (increase ) Tj ET Q q 0 0 0 rg BT 186.65 468.80 Td (of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 198.14 468.80 Td (3%) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 212.80 468.80 Td ( ) Tj ET Q q 0 0 0 rg BT 215.13 468.80 Td (for ) Tj ET Q q 0 0 0 rg BT 230.29 468.80 Td (the ) Tj ET Q q 0 0 0 rg BT 246.05 468.80 Td (prior ) Tj ET Q q 0 0 0 rg BT 269.76 468.80 Td (year ) Tj ET Q q 0 0 0 rg BT 291.02 468.80 Td (quarter ) Tj ET Q q 0 0 0 rg BT 324.50 468.80 Td (for ) Tj ET Q q 0 0 0 rg BT 339.65 468.80 Td (the ) Tj ET Q q 0 0 0 rg BT 355.42 468.80 Td (policies ) Tj ET Q q 0 0 0 rg BT 391.96 468.80 Td (that ) Tj ET Q q 0 0 0 rg BT 410.78 468.80 Td (renewed ) Tj ET Q q 0 0 0 rg BT 450.37 468.80 Td (in ) Tj ET Q q 0 0 0 rg BT 461.25 468.80 Td (each ) Tj ET Q q 0 0 0 rg BT 483.73 468.80 Td (period. ) Tj ET Q q 0 0 0 rg BT 516.91 468.80 Td ( ) Tj ET Q q 0 0 0 rg BT 519.24 468.80 Td (Retention ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 68.00 455.60 Td (of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 79.91 455.60 Td (86%) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 100.08 455.60 Td ( ) Tj ET Q q 0 0 0 rg BT 102.83 455.60 Td (was ) Tj ET Q q 0 0 0 rg BT 122.68 455.60 Td (achieved ) Tj ET Q q 0 0 0 rg BT 164.52 455.60 Td (in ) Tj ET Q q 0 0 0 rg BT 175.82 455.60 Td (each ) Tj ET Q q 0 0 0 rg BT 198.72 455.60 Td (period.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 436.40 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 68.00 436.40 Td (Net ) Tj ET Q q 0 0 0 rg BT 86.91 436.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 131.48 436.40 Td (income ) Tj ET Q q 0 0 0 rg BT 166.88 436.40 Td (increased ) Tj ET Q q 0 0 0 rg BT 211.44 436.40 Td ($) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 216.94 436.40 Td (8 ) Tj ET Q q 0 0 0 rg BT 225.46 436.40 Td (million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 257.24 436.40 Td ( ) Tj ET Q q 0 0 0 rg BT 260.27 436.40 Td (for ) Tj ET Q q 0 0 0 rg BT 276.12 436.40 Td (the ) Tj ET Q q 0 0 0 rg BT 292.59 436.40 Td (first ) Tj ET Q q 0 0 0 rg BT 313.33 436.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 347.51 436.40 Td (of ) Tj ET Q q 0 0 0 rg BT 359.70 436.40 Td (2013 ) Tj ET Q q 0 0 0 rg BT 384.73 436.40 Td (as ) Tj ET Q q 0 0 0 rg BT 396.92 436.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 443.31 436.40 Td (with ) Tj ET Q q 0 0 0 rg BT 465.89 436.40 Td (the ) Tj ET Q q 0 0 0 rg BT 482.36 436.40 Td (prior ) Tj ET Q q 0 0 0 rg BT 506.77 436.40 Td (year ) Tj ET Q q 0 0 0 rg BT 528.72 436.40 Td (quarter) Tj ET Q q 0 0 0 rg BT 559.26 436.40 Td (. ) Tj ET Q q 0 0 0 rg BT 564.76 436.40 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 68.00 423.20 Td (This ) Tj ET Q q 0 0 0 rg BT 89.63 423.20 Td (increase ) Tj ET Q q 0 0 0 rg BT 127.73 423.20 Td (was ) Tj ET Q q 0 0 0 rg BT 146.92 423.20 Td (primarily ) Tj ET Q q 0 0 0 rg BT 189.92 423.20 Td (due ) Tj ET Q q 0 0 0 rg BT 207.88 423.20 Td (to ) Tj ET Q q 0 0 0 rg BT 218.51 423.20 Td (improved ) Tj ET Q q 0 0 0 rg BT 262.74 423.20 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 321.64 423.20 Td (results, ) Tj ET Q q 0 0 0 rg BT 355.18 423.20 Td (partially ) Tj ET Q q 0 0 0 rg BT 393.91 423.20 Td (of) Tj ET Q q 0 0 0 rg BT 402.88 423.20 Td (fset ) Tj ET Q q 0 0 0 rg BT 420.83 423.20 Td (by ) Tj ET Q q 0 0 0 rg BT 433.91 423.20 Td (lower ) Tj ET Q q 0 0 0 rg BT 461.03 423.20 Td (net ) Tj ET Q q 0 0 0 rg BT 476.54 423.20 Td (investment ) Tj ET Q q 0 0 0 rg BT 526.89 423.20 Td (income. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 404.00 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 68.00 404.00 Td (The ) Tj ET Q q 0 0 0 rg BT 87.51 404.00 Td (combined ) Tj ET Q q 0 0 0 rg BT 133.30 404.00 Td (ratio ) Tj ET Q q 0 0 0 rg BT 155.87 404.00 Td (improved ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 200.44 404.00 Td (2.3) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 214.19 404.00 Td ( ) Tj ET Q q 0 0 0 rg BT 216.60 404.00 Td (points ) Tj ET Q q 0 0 0 rg BT 245.91 404.00 Td (for ) Tj ET Q q 0 0 0 rg BT 261.14 404.00 Td (the ) Tj ET Q q 0 0 0 rg BT 276.99 404.00 Td (first ) Tj ET Q q 0 0 0 rg BT 297.13 404.00 Td (quarter ) Tj ET Q q 0 0 0 rg BT 330.68 404.00 Td (of ) Tj ET Q q 0 0 0 rg BT 342.26 404.00 Td (2013 ) Tj ET Q q 0 0 0 rg BT 366.67 404.00 Td (as ) Tj ET Q q 0 0 0 rg BT 378.25 404.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 424.02 404.00 Td (with ) Tj ET Q q 0 0 0 rg BT 445.99 404.00 Td (the ) Tj ET Q q 0 0 0 rg BT 461.84 404.00 Td (prior ) Tj ET Q q 0 0 0 rg BT 485.63 404.00 Td (year ) Tj ET Q q 0 0 0 rg BT 506.97 404.00 Td (quarter) Tj ET Q q 0 0 0 rg BT 537.51 404.00 Td (. ) Tj ET Q q 0 0 0 rg BT 542.68 404.00 Td ( ) Tj ET Q q 0 0 0 rg BT 544.91 404.00 Td (The ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 68.00 390.80 Td (loss ) Tj ET Q q 0 0 0 rg BT 87.84 390.80 Td (ratio ) Tj ET Q q 0 0 0 rg BT 110.71 390.80 Td (decreased ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 156.79 390.80 Td (2.0) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 170.54 390.80 Td ( ) Tj ET Q q 0 0 0 rg BT 173.26 390.80 Td (points, ) Tj ET Q q 0 0 0 rg BT 205.62 390.80 Td (due ) Tj ET Q q 0 0 0 rg BT 224.22 390.80 Td (to ) Tj ET Q q 0 0 0 rg BT 235.50 390.80 Td (both ) Tj ET Q q 0 0 0 rg BT 257.77 390.80 Td (higher ) Tj ET Q q 0 0 0 rg BT 288.59 390.80 Td (favorable ) Tj ET Q q 0 0 0 rg BT 332.84 390.80 Td (net ) Tj ET Q q 0 0 0 rg BT 349.00 390.80 Td (prior ) Tj ET Q q 0 0 0 rg BT 373.10 390.80 Td (year ) Tj ET Q q 0 0 0 rg BT 394.75 390.80 Td (development ) Tj ET Q q 0 0 0 rg BT 454.28 390.80 Td (and ) Tj ET Q q 0 0 0 rg BT 472.88 390.80 Td (an ) Tj ET Q q 0 0 0 rg BT 485.99 390.80 Td (improved ) Tj ET Q q 0 0 0 rg BT 530.86 390.80 Td (current ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 68.00 377.60 Td (accident ) Tj ET Q q 0 0 0 rg BT 107.19 377.60 Td (year ) Tj ET Q q 0 0 0 rg BT 128.67 377.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 148.34 377.60 Td (ratio. ) Tj ET Q q 0 0 0 rg BT 173.79 377.60 Td ( ) Tj ET Q q 0 0 0 rg BT 176.16 377.60 Td (The ) Tj ET Q q 0 0 0 rg BT 195.81 377.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 233.79 377.60 Td (ratio ) Tj ET Q q 0 0 0 rg BT 256.50 377.60 Td (improved ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 301.20 377.60 Td (0.8) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 314.95 377.60 Td ( ) Tj ET Q q 0 0 0 rg BT 317.50 377.60 Td (point, ) Tj ET Q q 0 0 0 rg BT 345.42 377.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 388.90 377.60 Td (due ) Tj ET Q q 0 0 0 rg BT 407.33 377.60 Td (to ) Tj ET Q q 0 0 0 rg BT 418.44 377.60 Td (the ) Tj ET Q q 0 0 0 rg BT 434.42 377.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 466.91 377.60 Td (of ) Tj ET Q q 0 0 0 rg BT 478.62 377.60 Td (a ) Tj ET Q q 0 0 0 rg BT 486.05 377.60 Td (higher ) Tj ET Q q 0 0 0 rg BT 516.70 377.60 Td (net ) Tj ET Q q 0 0 0 rg BT 532.69 377.60 Td (earned ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 68.00 364.40 Td (premium ) Tj ET Q q 0 0 0 rg BT 110.46 364.40 Td (base.) Tj ET Q endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (4) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 735.60 Td (CNA) Tj ET Q q 0 0 0 rg BT 73.22 735.60 Td ( ) Tj ET Q q 0 0 0 rg BT 75.97 735.60 Td (Commer) Tj ET Q q 0 0 0 rg BT 117.31 735.60 Td (cial) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 676.10 354.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 676.10 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 676.10 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 676.10 8.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 676.10 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 552.50 676.10 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 650.10 354.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 650.10 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 650.10 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 650.10 8.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 650.10 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 552.50 650.10 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 624.10 354.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 624.10 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 624.10 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 624.10 8.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 624.10 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 552.50 624.10 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 598.10 354.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 598.10 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 598.10 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 598.10 8.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 598.10 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 552.50 598.10 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 572.10 354.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 572.10 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 572.10 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 572.10 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 572.10 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 552.50 572.10 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 544.10 354.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 544.10 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 544.10 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 544.10 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 544.10 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 552.50 544.10 10.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 689.1 m 469.5 689.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 689.1 m 479.5 689.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 689.1 m 487.5 689.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 689.1 m 552.5 689.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 552.5 689.1 m 562.5 689.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 676.1 m 469.5 676.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 676.1 m 479.5 676.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 689.1 m 552.5 689.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 676.1 m 552.5 676.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 552.5 676.1 m 562.5 676.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 676.1 m 469.5 676.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 676.1 m 552.5 676.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 585.1 m 469.5 585.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 573.1 m 469.5 573.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 571.1 m 469.5 571.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 585.1 m 552.5 585.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 573.1 m 552.5 573.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 571.1 m 552.5 571.1 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 413.10 702.55 Td (Results for the Three Months Ended) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.45 693.55 Td (March31) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 680.36 Td (\($ millions\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 432.50 680.50 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.50 680.50 Td (2012) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 667.36 Td (Net written premiums) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 407.00 667.36 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 452.50 667.36 Td (918) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.00 667.36 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.50 667.36 Td (843) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 65.00 654.36 Td (NWP) Tj ET Q q 0 0 0 rg BT 84.67 654.36 Td ( Growth \(% year over year\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 461.50 654.36 Td (9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.00 654.41 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 544.50 654.36 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.55 654.41 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 641.36 Td (Net operating income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 407.00 641.36 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 452.50 641.36 Td (125) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.00 641.36 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.50 641.36 Td (139) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 615.36 Td (Loss ratio) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 450.25 615.36 Td (71.7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 468.55 615.41 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.25 615.36 Td (70.7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.55 615.41 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 602.36 Td (Ef) Tj ET Q q 0 0 0 rg BT 61.33 602.36 Td (fect of catastrophe impacts) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.75 602.36 Td (\(4.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 466.00 602.36 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 534.75 602.36 Td (\(3.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.00 602.36 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 589.36 Td (Ef) Tj ET Q q 0 0 0 rg BT 61.33 589.36 Td (fect of development-related items) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 454.75 589.36 Td (1.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 537.75 589.36 Td (2.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 576.36 Td (Loss ratio excluding catastrophes and development) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 450.25 576.36 Td (68.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 468.55 576.41 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.25 576.36 Td (69.9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.55 576.41 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 548.56 Td (Combined ratio) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.75 548.56 Td (106.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 468.55 548.61 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 528.75 548.56 Td (106.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.55 548.61 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 534.56 Td (Combined ratio excluding catastrophes and development) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.75 534.56 Td (103.7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 468.55 534.61 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 528.75 534.56 Td (105.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.55 534.61 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 511.40 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 68.00 511.40 Td (Net ) Tj ET Q q 0 0 0 rg BT 86.53 511.40 Td (written ) Tj ET Q q 0 0 0 rg BT 120.34 511.40 Td (premiums ) Tj ET Q q 0 0 0 rg BT 166.99 511.40 Td (increased ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 211.17 511.40 Td ($75) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 227.67 511.40 Td ( ) Tj ET Q q 0 0 0 rg BT 230.32 511.40 Td (million ) Tj ET Q q 0 0 0 rg BT 264.76 511.40 Td (for ) Tj ET Q q 0 0 0 rg BT 280.23 511.40 Td (the ) Tj ET Q q 0 0 0 rg BT 296.32 511.40 Td (first ) Tj ET Q q 0 0 0 rg BT 316.70 511.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 350.49 511.40 Td (of ) Tj ET Q q 0 0 0 rg BT 362.31 511.40 Td (2013 ) Tj ET Q q 0 0 0 rg BT 386.96 511.40 Td (as ) Tj ET Q q 0 0 0 rg BT 398.78 511.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 444.79 511.40 Td (with ) Tj ET Q q 0 0 0 rg BT 467.00 511.40 Td (the ) Tj ET Q q 0 0 0 rg BT 483.09 511.40 Td (prior ) Tj ET Q q 0 0 0 rg BT 507.13 511.40 Td (year ) Tj ET Q q 0 0 0 rg BT 528.71 511.40 Td (quarter) Tj ET Q q 0 0 0 rg BT 559.25 511.40 Td (. ) Tj ET Q q 0 0 0 rg BT 564.75 511.40 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 68.00 498.20 Td (This ) Tj ET Q q 0 0 0 rg BT 90.39 498.20 Td (increase ) Tj ET Q q 0 0 0 rg BT 129.25 498.20 Td (was ) Tj ET Q q 0 0 0 rg BT 149.19 498.20 Td (primarily ) Tj ET Q q 0 0 0 rg BT 192.96 498.20 Td (driven ) Tj ET Q q 0 0 0 rg BT 223.89 498.20 Td (by ) Tj ET Q q 0 0 0 rg BT 237.73 498.20 Td (increased ) Tj ET Q q 0 0 0 rg BT 282.09 498.20 Td (rate. ) Tj ET Q q 0 0 0 rg BT 304.16 498.20 Td ( ) Tj ET Q q 0 0 0 rg BT 306.37 498.20 Td (A) Tj ET Q q 0 0 0 rg BT 313.49 498.20 Td (verage ) Tj ET Q q 0 0 0 rg BT 345.64 498.20 Td (rate ) Tj ET Q q 0 0 0 rg BT 364.95 498.20 Td (increased ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 409.32 498.20 Td (9%) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 423.98 498.20 Td ( ) Tj ET Q q 0 0 0 rg BT 426.81 498.20 Td (for ) Tj ET Q q 0 0 0 rg BT 442.47 498.20 Td (the ) Tj ET Q q 0 0 0 rg BT 458.75 498.20 Td (first ) Tj ET Q q 0 0 0 rg BT 479.30 498.20 Td (quarter ) Tj ET Q q 0 0 0 rg BT 513.28 498.20 Td (of ) Tj ET Q q 0 0 0 rg BT 525.28 498.20 Td (2013, ) Tj ET Q q 0 0 0 rg BT 552.86 498.20 Td (as ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 68.00 485.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 113.69 485.00 Td (with ) Tj ET Q q 0 0 0 rg BT 135.58 485.00 Td (an ) Tj ET Q q 0 0 0 rg BT 148.29 485.00 Td (increase ) Tj ET Q q 0 0 0 rg BT 186.65 485.00 Td (of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 198.14 485.00 Td (5%) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 212.80 485.00 Td ( ) Tj ET Q q 0 0 0 rg BT 215.13 485.00 Td (for ) Tj ET Q q 0 0 0 rg BT 230.29 485.00 Td (the ) Tj ET Q q 0 0 0 rg BT 246.05 485.00 Td (prior ) Tj ET Q q 0 0 0 rg BT 269.76 485.00 Td (year ) Tj ET Q q 0 0 0 rg BT 291.02 485.00 Td (quarter ) Tj ET Q q 0 0 0 rg BT 324.50 485.00 Td (for ) Tj ET Q q 0 0 0 rg BT 339.65 485.00 Td (the ) Tj ET Q q 0 0 0 rg BT 355.42 485.00 Td (policies ) Tj ET Q q 0 0 0 rg BT 391.96 485.00 Td (that ) Tj ET Q q 0 0 0 rg BT 410.78 485.00 Td (renewed ) Tj ET Q q 0 0 0 rg BT 450.37 485.00 Td (in ) Tj ET Q q 0 0 0 rg BT 461.25 485.00 Td (each ) Tj ET Q q 0 0 0 rg BT 483.73 485.00 Td (period. ) Tj ET Q q 0 0 0 rg BT 516.91 485.00 Td ( ) Tj ET Q q 0 0 0 rg BT 519.24 485.00 Td (Retention ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 68.00 471.80 Td (of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 79.91 471.80 Td (78%) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 100.08 471.80 Td ( ) Tj ET Q q 0 0 0 rg BT 102.83 471.80 Td (and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 121.46 471.80 Td (77%) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 141.62 471.80 Td ( ) Tj ET Q q 0 0 0 rg BT 144.37 471.80 Td (was ) Tj ET Q q 0 0 0 rg BT 164.23 471.80 Td (achieved ) Tj ET Q q 0 0 0 rg BT 206.06 471.80 Td (in ) Tj ET Q q 0 0 0 rg BT 217.37 471.80 Td (each ) Tj ET Q q 0 0 0 rg BT 240.27 471.80 Td (period.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 452.60 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 68.00 452.60 Td (Net ) Tj ET Q q 0 0 0 rg BT 86.50 452.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 130.66 452.60 Td (income ) Tj ET Q q 0 0 0 rg BT 165.66 452.60 Td (decreased ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 211.63 452.60 Td ($14 ) Tj ET Q q 0 0 0 rg BT 230.75 452.60 Td (million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 262.53 452.60 Td ( ) Tj ET Q q 0 0 0 rg BT 265.15 452.60 Td (for ) Tj ET Q q 0 0 0 rg BT 280.60 452.60 Td (the ) Tj ET Q q 0 0 0 rg BT 296.66 452.60 Td (first ) Tj ET Q q 0 0 0 rg BT 317.00 452.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 350.76 452.60 Td (of ) Tj ET Q q 0 0 0 rg BT 362.55 452.60 Td (2013 ) Tj ET Q q 0 0 0 rg BT 387.17 452.60 Td (as ) Tj ET Q q 0 0 0 rg BT 398.95 452.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 444.93 452.60 Td (with ) Tj ET Q q 0 0 0 rg BT 467.11 452.60 Td (the ) Tj ET Q q 0 0 0 rg BT 483.17 452.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 507.17 452.60 Td (year ) Tj ET Q q 0 0 0 rg BT 528.72 452.60 Td (quarter) Tj ET Q q 0 0 0 rg BT 559.26 452.60 Td (. ) Tj ET Q q 0 0 0 rg BT 564.76 452.60 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 68.00 439.40 Td (This ) Tj ET Q q 0 0 0 rg BT 89.36 439.40 Td (decrease ) Tj ET Q q 0 0 0 rg BT 129.01 439.40 Td (was ) Tj ET Q q 0 0 0 rg BT 147.92 439.40 Td (primarily ) Tj ET Q q 0 0 0 rg BT 190.65 439.40 Td (due ) Tj ET Q q 0 0 0 rg BT 208.33 439.40 Td (to ) Tj ET Q q 0 0 0 rg BT 218.69 439.40 Td (lower ) Tj ET Q q 0 0 0 rg BT 245.53 439.40 Td (net ) Tj ET Q q 0 0 0 rg BT 260.77 439.40 Td (investment ) Tj ET Q q 0 0 0 rg BT 310.84 439.40 Td (income, ) Tj ET Q q 0 0 0 rg BT 347.76 439.40 Td (higher ) Tj ET Q q 0 0 0 rg BT 377.67 439.40 Td (catastrophe ) Tj ET Q q 0 0 0 rg BT 429.55 439.40 Td (losses ) Tj ET Q q 0 0 0 rg BT 457.63 439.40 Td (and ) Tj ET Q q 0 0 0 rg BT 475.31 439.40 Td (decreased ) Tj ET Q q 0 0 0 rg BT 520.47 439.40 Td (favorable ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 68.00 426.20 Td (net ) Tj ET Q q 0 0 0 rg BT 83.61 426.20 Td (prior ) Tj ET Q q 0 0 0 rg BT 107.17 426.20 Td (year ) Tj ET Q q 0 0 0 rg BT 128.27 426.20 Td (development. ) Tj ET Q q 0 0 0 rg BT 190.01 426.20 Td ( ) Tj ET Q q 0 0 0 rg BT 192.02 426.20 Td (These ) Tj ET Q q 0 0 0 rg BT 220.46 426.20 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 275.16 426.20 Td (impacts ) Tj ET Q q 0 0 0 rg BT 311.55 426.20 Td (were ) Tj ET Q q 0 0 0 rg BT 335.09 426.20 Td (partially ) Tj ET Q q 0 0 0 rg BT 373.92 426.20 Td (of) Tj ET Q q 0 0 0 rg BT 382.88 426.20 Td (fset ) Tj ET Q q 0 0 0 rg BT 400.94 426.20 Td (by ) Tj ET Q q 0 0 0 rg BT 414.11 426.20 Td (improved ) Tj ET Q q 0 0 0 rg BT 458.44 426.20 Td (non-catastrophe ) Tj ET Q q 0 0 0 rg BT 530.86 426.20 Td (current ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 68.00 413.00 Td (accident ) Tj ET Q q 0 0 0 rg BT 107.39 413.00 Td (year ) Tj ET Q q 0 0 0 rg BT 129.07 413.00 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 188.64 413.00 Td (results.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 393.80 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 68.00 393.80 Td (The ) Tj ET Q q 0 0 0 rg BT 87.76 393.80 Td (combined ) Tj ET Q q 0 0 0 rg BT 133.79 393.80 Td (ratio ) Tj ET Q q 0 0 0 rg BT 156.61 393.80 Td (increased ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 200.79 393.80 Td (0.6) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 214.54 393.80 Td ( ) Tj ET Q q 0 0 0 rg BT 217.20 393.80 Td (point ) Tj ET Q q 0 0 0 rg BT 242.47 393.80 Td (for ) Tj ET Q q 0 0 0 rg BT 257.95 393.80 Td (the ) Tj ET Q q 0 0 0 rg BT 274.05 393.80 Td (first ) Tj ET Q q 0 0 0 rg BT 294.43 393.80 Td (quarter ) Tj ET Q q 0 0 0 rg BT 328.23 393.80 Td (of ) Tj ET Q q 0 0 0 rg BT 340.05 393.80 Td (2013 ) Tj ET Q q 0 0 0 rg BT 364.71 393.80 Td (as ) Tj ET Q q 0 0 0 rg BT 376.53 393.80 Td (compared ) Tj ET Q q 0 0 0 rg BT 422.55 393.80 Td (with ) Tj ET Q q 0 0 0 rg BT 444.77 393.80 Td (the ) Tj ET Q q 0 0 0 rg BT 460.86 393.80 Td (prior ) Tj ET Q q 0 0 0 rg BT 484.90 393.80 Td (year ) Tj ET Q q 0 0 0 rg BT 506.49 393.80 Td (quarter) Tj ET Q q 0 0 0 rg BT 537.03 393.80 Td (. ) Tj ET Q q 0 0 0 rg BT 542.43 393.80 Td ( ) Tj ET Q q 0 0 0 rg BT 544.90 393.80 Td (The ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 68.00 380.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 88.16 380.60 Td (ratio ) Tj ET Q q 0 0 0 rg BT 111.36 380.60 Td (increased ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 155.93 380.60 Td (1.0) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 169.68 380.60 Td ( ) Tj ET Q q 0 0 0 rg BT 172.72 380.60 Td (point, ) Tj ET Q q 0 0 0 rg BT 201.12 380.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 245.10 380.60 Td (due ) Tj ET Q q 0 0 0 rg BT 264.02 380.60 Td (to ) Tj ET Q q 0 0 0 rg BT 275.62 380.60 Td (the ) Tj ET Q q 0 0 0 rg BT 292.10 380.60 Td (impacts ) Tj ET Q q 0 0 0 rg BT 329.36 380.60 Td (of ) Tj ET Q q 0 0 0 rg BT 341.56 380.60 Td (higher ) Tj ET Q q 0 0 0 rg BT 372.70 380.60 Td (catastrophe ) Tj ET Q q 0 0 0 rg BT 425.83 380.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 455.15 380.60 Td (and ) Tj ET Q q 0 0 0 rg BT 474.08 380.60 Td (decreased ) Tj ET Q q 0 0 0 rg BT 520.47 380.60 Td (favorable ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 68.00 367.40 Td (net ) Tj ET Q q 0 0 0 rg BT 84.19 367.40 Td (prior ) Tj ET Q q 0 0 0 rg BT 108.32 367.40 Td (year ) Tj ET Q q 0 0 0 rg BT 130.00 367.40 Td (development, ) Tj ET Q q 0 0 0 rg BT 192.31 367.40 Td (partially ) Tj ET Q q 0 0 0 rg BT 231.72 367.40 Td (of) Tj ET Q q 0 0 0 rg BT 240.68 367.40 Td (fset ) Tj ET Q q 0 0 0 rg BT 259.31 367.40 Td (by ) Tj ET Q q 0 0 0 rg BT 273.06 367.40 Td (an ) Tj ET Q q 0 0 0 rg BT 286.20 367.40 Td (improved ) Tj ET Q q 0 0 0 rg BT 331.10 367.40 Td (current ) Tj ET Q q 0 0 0 rg BT 365.00 367.40 Td (accident ) Tj ET Q q 0 0 0 rg BT 404.39 367.40 Td (year ) Tj ET Q q 0 0 0 rg BT 426.07 367.40 Td (non-catastrophe ) Tj ET Q q 0 0 0 rg BT 499.07 367.40 Td (loss ) Tj ET Q q 0 0 0 rg BT 518.94 367.40 Td (ratio.) Tj ET Q endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (5) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 741.60 Td (Hardy) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 682.10 405.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 682.10 95.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 550.50 682.10 12.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 656.10 405.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 656.10 95.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 550.50 656.10 12.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 630.10 405.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 630.10 95.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 550.50 630.10 12.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 604.10 405.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 604.10 95.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 550.50 604.10 12.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 577.10 405.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 577.10 95.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 550.50 577.10 12.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 695.1 m 550.5 695.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 550.5 695.1 m 562.5 695.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 695.1 m 550.5 695.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 682.1 m 550.5 682.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 550.5 695.1 m 562.5 695.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 550.5 682.1 m 562.5 682.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 682.1 m 550.5 682.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 550.5 682.1 m 562.5 682.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 604.1 m 550.5 604.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 592.1 m 550.5 592.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 590.1 m 550.5 590.1 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 468.10 708.55 Td (Results for) Tj ET Q q 0 0 0 rg BT 509.68 708.55 Td ( the ) Tj ET Q q 0 0 0 rg BT 526.02 708.55 Td (Thr) Tj ET Q q 0 0 0 rg BT 540.86 708.55 Td (ee ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 460.45 699.55 Td (Months Ended Mar) Tj ET Q q 0 0 0 rg BT 536.30 699.55 Td (ch 31) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 686.36 Td (\($ millions\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.50 686.50 Td (2013) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 673.36 Td (Net written premiums) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.00 673.36 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 538.00 673.36 Td (55) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 660.36 Td (Net operating loss) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 539.50 660.36 Td (\(8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.00 660.36 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 634.36 Td (Loss ratio) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 531.25 634.36 Td (48.7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.50 634.36 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 621.36 Td (Ef) Tj ET Q q 0 0 0 rg BT 61.33 621.36 Td (fect of catastrophe impacts) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 538.00 621.36 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 608.36 Td (Ef) Tj ET Q q 0 0 0 rg BT 61.33 608.36 Td (fect of development-related items) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.75 608.36 Td (\(1.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.00 608.36 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 595.36 Td (Loss ratio excluding catastrophes and development) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 531.25 595.36 Td (47.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.50 595.36 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 567.56 Td (Combined ratio) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 526.75 567.56 Td (105.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.50 567.56 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 554.36 Td (Combined ratio excluding catastrophes and development) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 526.75 554.36 Td (104.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.50 554.36 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 531.40 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 68.00 531.40 Td (Hardy) Tj ET Q q 0 0 0 rg BT 94.77 531.40 Td (, ) Tj ET Q q 0 0 0 rg BT 100.27 531.40 Td (a ) Tj ET Q q 0 0 0 rg BT 107.91 531.40 Td (specialized ) Tj ET Q q 0 0 0 rg BT 159.52 531.40 Td (Lloyd's ) Tj ET Q q 0 0 0 rg BT 194.81 531.40 Td (of ) Tj ET Q q 0 0 0 rg BT 206.72 531.40 Td (London ) Tj ET Q q 0 0 0 rg BT 243.69 531.40 Td (underwriter) Tj ET Q q 0 0 0 rg BT 294.56 531.40 Td (, ) Tj ET Q q 0 0 0 rg BT 300.06 531.40 Td (was ) Tj ET Q q 0 0 0 rg BT 319.92 531.40 Td (acquired ) Tj ET Q q 0 0 0 rg BT 360.53 531.40 Td (on ) Tj ET Q q 0 0 0 rg BT 374.28 531.40 Td (July ) Tj ET Q q 0 0 0 rg BT 395.37 531.40 Td (2, ) Tj ET Q q 0 0 0 rg BT 406.37 531.40 Td (2012.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 512.20 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 68.00 512.20 Td (Net ) Tj ET Q q 0 0 0 rg BT 86.17 512.20 Td (written ) Tj ET Q q 0 0 0 rg BT 119.62 512.20 Td (premiums ) Tj ET Q q 0 0 0 rg BT 165.91 512.20 Td (were ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 189.57 512.20 Td ($55 ) Tj ET Q q 0 0 0 rg BT 208.37 512.20 Td (million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 240.15 512.20 Td ( ) Tj ET Q q 0 0 0 rg BT 242.44 512.20 Td (for ) Tj ET Q q 0 0 0 rg BT 257.56 512.20 Td (the ) Tj ET Q q 0 0 0 rg BT 273.29 512.20 Td (first ) Tj ET Q q 0 0 0 rg BT 293.30 512.20 Td (quarter ) Tj ET Q q 0 0 0 rg BT 326.74 512.20 Td (of ) Tj ET Q q 0 0 0 rg BT 338.19 512.20 Td (2013. ) Tj ET Q q 0 0 0 rg BT 365.23 512.20 Td ( ) Tj ET Q q 0 0 0 rg BT 367.02 512.20 Td (A) Tj ET Q q 0 0 0 rg BT 374.15 512.20 Td (verage ) Tj ET Q q 0 0 0 rg BT 405.75 512.20 Td (rate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.53 512.20 Td (increased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.36 512.20 Td (1%) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 477.69 512.20 Td ( ) Tj ET Q q 0 0 0 rg BT 479.99 512.20 Td (for ) Tj ET Q q 0 0 0 rg BT 495.10 512.20 Td (the ) Tj ET Q q 0 0 0 rg BT 510.83 512.20 Td (first ) Tj ET Q q 0 0 0 rg BT 530.85 512.20 Td (quarter ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 68.00 499.00 Td (of ) Tj ET Q q 0 0 0 rg BT 79.91 499.00 Td (2013 ) Tj ET Q q 0 0 0 rg BT 104.66 499.00 Td (for ) Tj ET Q q 0 0 0 rg BT 120.24 499.00 Td (the ) Tj ET Q q 0 0 0 rg BT 136.43 499.00 Td (policies ) Tj ET Q q 0 0 0 rg BT 173.39 499.00 Td (that ) Tj ET Q q 0 0 0 rg BT 192.64 499.00 Td (renewed ) Tj ET Q q 0 0 0 rg BT 232.64 499.00 Td (in ) Tj ET Q q 0 0 0 rg BT 243.95 499.00 Td (the ) Tj ET Q q 0 0 0 rg BT 260.13 499.00 Td (period. ) Tj ET Q q 0 0 0 rg BT 293.74 499.00 Td ( ) Tj ET Q q 0 0 0 rg BT 296.49 499.00 Td (Retention ) Tj ET Q q 0 0 0 rg BT 342.01 499.00 Td (of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 353.92 499.00 Td (70%) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 374.08 499.00 Td ( ) Tj ET Q q 0 0 0 rg BT 376.83 499.00 Td (was ) Tj ET Q q 0 0 0 rg BT 396.69 499.00 Td (achieved ) Tj ET Q q 0 0 0 rg BT 438.52 499.00 Td (in ) Tj ET Q q 0 0 0 rg BT 449.83 499.00 Td (the ) Tj ET Q q 0 0 0 rg BT 466.02 499.00 Td (period.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 479.80 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 68.00 479.80 Td (Results ) Tj ET Q q 0 0 0 rg BT 102.73 479.80 Td (included ) Tj ET Q q 0 0 0 rg BT 142.95 479.80 Td (non-run ) Tj ET Q q 0 0 0 rg BT 180.12 479.80 Td (rate ) Tj ET Q q 0 0 0 rg BT 198.94 479.80 Td (purchase ) Tj ET Q q 0 0 0 rg BT 240.37 479.80 Td (accounting ) Tj ET Q q 0 0 0 rg BT 290.97 479.80 Td (expenses ) Tj ET Q q 0 0 0 rg BT 333.02 479.80 Td (of ) Tj ET Q q 0 0 0 rg BT 344.52 479.80 Td ($3 ) Tj ET Q q 0 0 0 rg BT 357.86 479.80 Td (million ) Tj ET Q q 0 0 0 rg BT 391.99 479.80 Td (and ) Tj ET Q q 0 0 0 rg BT 410.21 479.80 Td (foreign ) Tj ET Q q 0 0 0 rg BT 444.31 479.80 Td (currency ) Tj ET Q q 0 0 0 rg BT 485.13 479.80 Td (transaction ) Tj ET Q q 0 0 0 rg BT 535.73 479.80 Td (losses ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 68.00 466.60 Td (of ) Tj ET Q q 0 0 0 rg BT 79.91 466.60 Td ($2 ) Tj ET Q q 0 0 0 rg BT 93.66 466.60 Td (million. ) Tj ET Q q 0 0 0 rg BT 130.94 466.60 Td ( ) Tj ET Q q 0 0 0 rg BT 133.69 466.60 Td (No ) Tj ET Q q 0 0 0 rg BT 149.89 466.60 Td (catastrophe ) Tj ET Q q 0 0 0 rg BT 202.72 466.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 231.75 466.60 Td (were ) Tj ET Q q 0 0 0 rg BT 255.88 466.60 Td (incurred ) Tj ET Q q 0 0 0 rg BT 295.27 466.60 Td (in ) Tj ET Q q 0 0 0 rg BT 306.58 466.60 Td (the ) Tj ET Q q 0 0 0 rg BT 322.77 466.60 Td (period.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 447.40 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 68.00 447.40 Td (The ) Tj ET Q q 0 0 0 rg BT 87.76 447.40 Td (combined ) Tj ET Q q 0 0 0 rg BT 133.80 447.40 Td (ratio ) Tj ET Q q 0 0 0 rg BT 156.62 447.40 Td (excluding ) Tj ET Q q 0 0 0 rg BT 202.65 447.40 Td (catastrophes ) Tj ET Q q 0 0 0 rg BT 259.68 447.40 Td (and ) Tj ET Q q 0 0 0 rg BT 278.22 447.40 Td (prior ) Tj ET Q q 0 0 0 rg BT 302.27 447.40 Td (year ) Tj ET Q q 0 0 0 rg BT 323.85 447.40 Td (development ) Tj ET Q q 0 0 0 rg BT 383.33 447.40 Td (was ) Tj ET Q q 0 0 0 rg BT 403.10 447.40 Td (104.1% ) Tj ET Q q 0 0 0 rg BT 439.67 447.40 Td (for ) Tj ET Q q 0 0 0 rg BT 455.16 447.40 Td (the ) Tj ET Q q 0 0 0 rg BT 471.25 447.40 Td (first ) Tj ET Q q 0 0 0 rg BT 491.63 447.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 525.44 447.40 Td (of ) Tj ET Q q 0 0 0 rg BT 537.26 447.40 Td (2013. ) Tj ET Q q 0 0 0 rg BT 564.76 447.40 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 68.00 434.20 Td (The ) Tj ET Q q 0 0 0 rg BT 87.40 434.20 Td (expense ) Tj ET Q q 0 0 0 rg BT 125.13 434.20 Td (ratio ) Tj ET Q q 0 0 0 rg BT 147.58 434.20 Td (was ) Tj ET Q q 0 0 0 rg BT 166.99 434.20 Td (56.8% ) Tj ET Q q 0 0 0 rg BT 197.70 434.20 Td (for ) Tj ET Q q 0 0 0 rg BT 212.83 434.20 Td (the ) Tj ET Q q 0 0 0 rg BT 228.56 434.20 Td (first ) Tj ET Q q 0 0 0 rg BT 248.58 434.20 Td (quarter ) Tj ET Q q 0 0 0 rg BT 282.03 434.20 Td (of ) Tj ET Q q 0 0 0 rg BT 293.49 434.20 Td (2013, ) Tj ET Q q 0 0 0 rg BT 320.54 434.20 Td (which ) Tj ET Q q 0 0 0 rg BT 349.72 434.20 Td (was ) Tj ET Q q 0 0 0 rg BT 369.13 434.20 Td (adversely ) Tj ET Q q 0 0 0 rg BT 413.57 434.20 Td (af) Tj ET Q q 0 0 0 rg BT 421.92 434.20 Td (fected ) Tj ET Q q 0 0 0 rg BT 451.08 434.20 Td (by ) Tj ET Q q 0 0 0 rg BT 464.38 434.20 Td (the ) Tj ET Q q 0 0 0 rg BT 480.12 434.20 Td (level ) Tj ET Q q 0 0 0 rg BT 503.79 434.20 Td (of ) Tj ET Q q 0 0 0 rg BT 515.26 434.20 Td (premiums, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 68.00 421.00 Td (including ) Tj ET Q q 0 0 0 rg BT 112.30 421.00 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 167.58 421.00 Td (premium ) Tj ET Q q 0 0 0 rg BT 210.04 421.00 Td (development ) Tj ET Q q 0 0 0 rg BT 269.61 421.00 Td (of ) Tj ET Q q 0 0 0 rg BT 281.52 421.00 Td ($4 ) Tj ET Q q 0 0 0 rg BT 295.27 421.00 Td (million.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 384.60 Td (Life ) Tj ET Q q 0 0 0 rg BT 71.69 384.60 Td (& ) Tj ET Q q 0 0 0 rg BT 83.60 384.60 Td (Gr) Tj ET Q q 0 0 0 rg BT 96.84 384.60 Td (oup ) Tj ET Q q 0 0 0 rg BT 117.33 384.60 Td (Non-Cor) Tj ET Q q 0 0 0 rg BT 158.68 384.60 Td (e) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 328.10 356.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 328.10 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 328.10 8.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 328.10 8.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 328.10 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 552.50 328.10 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 302.10 356.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 302.10 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 302.10 8.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 302.10 8.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 302.10 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 552.50 302.10 10.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 341.1 m 471.5 341.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 341.1 m 479.5 341.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 341.1 m 487.5 341.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 341.1 m 552.5 341.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 552.5 341.1 m 562.5 341.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 328.1 m 471.5 328.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 328.1 m 479.5 328.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 341.1 m 552.5 341.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 328.1 m 552.5 328.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 552.5 341.1 m 562.5 341.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 552.5 328.1 m 562.5 328.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 328.1 m 471.5 328.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 328.1 m 552.5 328.1 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 414.10 354.55 Td (Results for the Three Months Ended) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 465.45 345.55 Td (March31) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 332.36 Td (\($ millions\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 433.50 332.50 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.50 332.50 Td (2012) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 319.36 Td (Operating revenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 409.00 319.36 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 454.50 319.36 Td (349) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.00 319.36 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.50 319.36 Td (337) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 306.36 Td (T) Tj ET Q q 0 0 0 rg BT 57.87 306.36 Td (otal claims, benefits and expenses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 454.50 306.36 Td (372) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.50 306.36 Td (387) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 293.36 Td (Net operating income \(loss\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 459.00 293.36 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 537.00 293.36 Td (\(19) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.00 293.36 Td (\)) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 270.40 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 68.00 270.40 Td (Net ) Tj ET Q q 0 0 0 rg BT 86.77 270.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 131.20 270.40 Td (results ) Tj ET Q q 0 0 0 rg BT 162.81 270.40 Td (improved ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 207.86 270.40 Td ($19 ) Tj ET Q q 0 0 0 rg BT 227.25 270.40 Td (million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 259.03 270.40 Td ( ) Tj ET Q q 0 0 0 rg BT 261.92 270.40 Td (for ) Tj ET Q q 0 0 0 rg BT 277.63 270.40 Td (the ) Tj ET Q q 0 0 0 rg BT 293.96 270.40 Td (first ) Tj ET Q q 0 0 0 rg BT 314.57 270.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 348.61 270.40 Td (of ) Tj ET Q q 0 0 0 rg BT 360.66 270.40 Td (2013 ) Tj ET Q q 0 0 0 rg BT 385.55 270.40 Td (as ) Tj ET Q q 0 0 0 rg BT 397.60 270.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 443.86 270.40 Td (with ) Tj ET Q q 0 0 0 rg BT 466.30 270.40 Td (the ) Tj ET Q q 0 0 0 rg BT 482.63 270.40 Td (prior ) Tj ET Q q 0 0 0 rg BT 506.90 270.40 Td (year ) Tj ET Q q 0 0 0 rg BT 528.72 270.40 Td (quarter) Tj ET Q q 0 0 0 rg BT 559.26 270.40 Td (. ) Tj ET Q q 0 0 0 rg BT 564.76 270.40 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 68.00 257.20 Td (While ) Tj ET Q q 0 0 0 rg BT 96.33 257.20 Td (the ) Tj ET Q q 0 0 0 rg BT 111.23 257.20 Td (improved ) Tj ET Q q 0 0 0 rg BT 154.84 257.20 Td (results ) Tj ET Q q 0 0 0 rg BT 185.02 257.20 Td (reflect ) Tj ET Q q 0 0 0 rg BT 214.56 257.20 Td (favorable ) Tj ET Q q 0 0 0 rg BT 257.55 257.20 Td (mortality ) Tj ET Q q 0 0 0 rg BT 299.33 257.20 Td (outcomes ) Tj ET Q q 0 0 0 rg BT 342.95 257.20 Td (across ) Tj ET Q q 0 0 0 rg BT 371.89 257.20 Td (all ) Tj ET Q q 0 0 0 rg BT 384.35 257.20 Td (of ) Tj ET Q q 0 0 0 rg BT 394.97 257.20 Td (our ) Tj ET Q q 0 0 0 rg BT 411.09 257.20 Td (life ) Tj ET Q q 0 0 0 rg BT 427.20 257.20 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 477.85 257.20 Td (they ) Tj ET Q q 0 0 0 rg BT 498.25 257.20 Td (were ) Tj ET Q q 0 0 0 rg BT 521.08 257.20 Td (primarily ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 68.00 244.00 Td (attributable ) Tj ET Q q 0 0 0 rg BT 120.84 244.00 Td (to ) Tj ET Q q 0 0 0 rg BT 132.15 244.00 Td (favorable ) Tj ET Q q 0 0 0 rg BT 176.43 244.00 Td (morbidity ) Tj ET Q q 0 0 0 rg BT 222.56 244.00 Td (and ) Tj ET Q q 0 0 0 rg BT 241.20 244.00 Td (persistency ) Tj ET Q q 0 0 0 rg BT 293.43 244.00 Td (in ) Tj ET Q q 0 0 0 rg BT 304.74 244.00 Td (our ) Tj ET Q q 0 0 0 rg BT 322.15 244.00 Td (long ) Tj ET Q q 0 0 0 rg BT 344.46 244.00 Td (term ) Tj ET Q q 0 0 0 rg BT 367.36 244.00 Td (care ) Tj ET Q q 0 0 0 rg BT 388.42 244.00 Td (business.) Tj ET Q endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (6) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 735.60 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 101.62 735.60 Td (& ) Tj ET Q q 0 0 0 rg BT 113.53 735.60 Td (Other) Tj ET Q q 0 0 0 rg BT 141.44 735.60 Td ( ) Tj ET Q q 0 0 0 rg BT 144.19 735.60 Td (Non-Cor) Tj ET Q q 0 0 0 rg BT 185.54 735.60 Td (e) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 680.10 353.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 680.10 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 680.10 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 680.10 8.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 680.10 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 551.50 680.10 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 654.10 353.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 654.10 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 654.10 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 654.10 8.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 654.10 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 551.50 654.10 10.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 693.1 m 468.5 693.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 693.1 m 478.5 693.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 693.1 m 486.5 693.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 693.1 m 551.5 693.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 551.5 693.1 m 561.5 693.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 680.1 m 468.5 680.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 680.1 m 478.5 680.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 693.1 m 551.5 693.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 680.1 m 551.5 680.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 551.5 680.1 m 561.5 680.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 680.1 m 468.5 680.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 680.1 m 551.5 680.1 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 412.10 706.55 Td (Results for) Tj ET Q q 0 0 0 rg BT 453.68 706.55 Td ( the ) Tj ET Q q 0 0 0 rg BT 470.02 706.55 Td (Thr) Tj ET Q q 0 0 0 rg BT 484.86 706.55 Td (ee Months Ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 463.45 697.55 Td (Mar) Tj ET Q q 0 0 0 rg BT 480.28 697.55 Td (ch31) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 684.36 Td (\($ millions\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 431.50 684.50 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.50 684.50 Td (2012) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 671.36 Td (Operating revenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 406.00 671.36 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 456.00 671.36 Td (10) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.00 671.36 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 539.00 671.36 Td (14) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 658.36 Td (T) Tj ET Q q 0 0 0 rg BT 57.87 658.36 Td (otal claims, benefits and expenses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 456.00 658.36 Td (49) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 539.00 658.36 Td (54) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 645.36 Td (Net operating loss) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 453.00 645.36 Td (\(26) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.00 645.36 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.00 645.36 Td (\(26) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.00 645.36 Td (\)) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 622.40 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 68.00 622.40 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 114.51 622.40 Td (& ) Tj ET Q q 0 0 0 rg BT 125.58 622.40 Td (Other ) Tj ET Q q 0 0 0 rg BT 153.15 622.40 Td (Non-Core ) Tj ET Q q 0 0 0 rg BT 199.66 622.40 Td (primarily ) Tj ET Q q 0 0 0 rg BT 243.12 622.40 Td (includes ) Tj ET Q q 0 0 0 rg BT 282.30 622.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 314.74 622.40 Td (corporate ) Tj ET Q q 0 0 0 rg BT 358.79 622.40 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 403.77 622.40 Td (including ) Tj ET Q q 0 0 0 rg BT 447.85 622.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 482.75 622.40 Td (on ) Tj ET Q q 0 0 0 rg BT 496.27 622.40 Td (corporate ) Tj ET Q q 0 0 0 rg BT 540.32 622.40 Td (debt, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 68.00 609.20 Td (and ) Tj ET Q q 0 0 0 rg BT 86.12 609.20 Td (the ) Tj ET Q q 0 0 0 rg BT 101.80 609.20 Td (results ) Tj ET Q q 0 0 0 rg BT 132.76 609.20 Td (of ) Tj ET Q q 0 0 0 rg BT 144.16 609.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 176.32 609.20 Td (property ) Tj ET Q q 0 0 0 rg BT 215.83 609.20 Td (and ) Tj ET Q q 0 0 0 rg BT 233.95 609.20 Td (casualty ) Tj ET Q q 0 0 0 rg BT 272.23 609.20 Td (business ) Tj ET Q q 0 0 0 rg BT 311.75 609.20 Td (in ) Tj ET Q q 0 0 0 rg BT 322.55 609.20 Td (run-of) Tj ET Q q 0 0 0 rg BT 349.84 609.20 Td (f, ) Tj ET Q q 0 0 0 rg BT 358.49 609.20 Td (including ) Tj ET Q q 0 0 0 rg BT 402.28 609.20 Td (CNA) Tj ET Q q 0 0 0 rg BT 424.90 609.20 Td ( ) Tj ET Q q 0 0 0 rg BT 427.14 609.20 Td (Re ) Tj ET Q q 0 0 0 rg BT 441.60 609.20 Td (and ) Tj ET Q q 0 0 0 rg BT 459.23 609.20 Td (A&EP) Tj ET Q q 0 0 0 rg BT 487.34 609.20 Td (. ) Tj ET Q q 0 0 0 rg BT 492.33 609.20 Td ( ) Tj ET Q q 0 0 0 rg BT 494.57 609.20 Td (Results ) Tj ET Q q 0 0 0 rg BT 529.21 609.20 Td (in ) Tj ET Q q 0 0 0 rg BT 540.00 609.20 Td (2013 ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 68.00 596.00 Td (were ) Tj ET Q q 0 0 0 rg BT 92.12 596.00 Td (comparable ) Tj ET Q q 0 0 0 rg BT 146.18 596.00 Td (to ) Tj ET Q q 0 0 0 rg BT 157.48 596.00 Td (the ) Tj ET Q q 0 0 0 rg BT 173.67 596.00 Td (prior ) Tj ET Q q 0 0 0 rg BT 197.80 596.00 Td (year ) Tj ET Q q 0 0 0 rg BT 219.48 596.00 Td (period.) Tj ET Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 250.10 733.95 Td (Net Operating Income \(Loss\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 684.50 407.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 684.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 684.50 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 684.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 658.50 407.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 658.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 658.50 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 658.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 632.50 407.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 632.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 632.50 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 632.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 606.50 407.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 606.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 606.50 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 606.50 50.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 697.5 m 507.5 697.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 697.5 m 512.5 697.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 697.5 m 562.5 697.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 697.5 m 507.5 697.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 684.5 m 507.5 684.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 697.5 m 562.5 697.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 684.5 m 562.5 684.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 684.5 m 507.5 684.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 684.5 m 562.5 684.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 645.5 m 507.5 645.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 645.5 m 562.5 645.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 606.5 m 507.5 606.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 606.5 m 562.5 606.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 606.5 m 507.5 606.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 594.5 m 507.5 594.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 592.5 m 507.5 592.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 606.5 m 562.5 606.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 594.5 m 562.5 594.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 592.5 m 562.5 592.5 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 469.10 710.95 Td (Results for) Tj ET Q q 0 0 0 rg BT 510.68 710.95 Td ( the ) Tj ET Q q 0 0 0 rg BT 527.02 710.95 Td (Thr) Tj ET Q q 0 0 0 rg BT 541.86 710.95 Td (ee ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 461.45 701.95 Td (Months Ended Mar) Tj ET Q q 0 0 0 rg BT 537.30 701.95 Td (ch 31) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 688.76 Td (\($ millions\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.00 688.90 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.00 688.90 Td (2012) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 675.76 Td (CNA) Tj ET Q q 0 0 0 rg BT 71.51 675.76 Td ( Specialty) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 675.76 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.50 675.76 Td (140) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 515.00 675.76 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.50 675.76 Td (132) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 662.76 Td (CNA) Tj ET Q q 0 0 0 rg BT 71.51 662.76 Td ( Commercial) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.50 662.76 Td (125) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.50 662.76 Td (139) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 649.76 Td (Hardy) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 496.50 649.76 Td (\(8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 504.00 649.76 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 636.76 Td (T) Tj ET Q q 0 0 0 rg BT 57.87 636.76 Td (otal P&C Operations) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.50 636.76 Td (257) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.50 636.76 Td (271) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 623.76 Td (Life & Group Non-Core) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 495.00 623.76 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.00 623.76 Td (\(19) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 559.00 623.76 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 610.76 Td (Corporate & Other Non-Core) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 492.00 610.76 Td (\(26) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 504.00 610.76 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.00 610.76 Td (\(26) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 559.00 610.76 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 597.76 Td (T) Tj ET Q q 0 0 0 rg BT 57.87 597.76 Td (otal ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 597.76 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.50 597.76 Td (231) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 515.00 597.76 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.50 597.76 Td (226) Tj ET Q BT /F2 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 271.00 568.95 Td (Net Income \(Loss\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 519.50 407.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 519.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 519.50 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 519.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 493.50 407.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 493.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 493.50 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 493.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 467.50 407.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 467.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 467.50 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 467.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 441.50 407.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 441.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 441.50 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 441.50 50.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 532.5 m 507.5 532.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 532.5 m 512.5 532.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 532.5 m 562.5 532.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 532.5 m 507.5 532.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 519.5 m 507.5 519.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 532.5 m 562.5 532.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 519.5 m 562.5 519.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 519.5 m 507.5 519.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 519.5 m 562.5 519.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 480.5 m 507.5 480.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 480.5 m 562.5 480.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 441.5 m 507.5 441.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 429.5 m 507.5 429.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 427.5 m 507.5 427.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 441.5 m 562.5 441.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 429.5 m 562.5 429.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 427.5 m 562.5 427.5 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 469.10 545.95 Td (Results for) Tj ET Q q 0 0 0 rg BT 510.68 545.95 Td ( the ) Tj ET Q q 0 0 0 rg BT 527.02 545.95 Td (Thr) Tj ET Q q 0 0 0 rg BT 541.86 545.95 Td (ee ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 461.45 536.95 Td (Months Ended Mar) Tj ET Q q 0 0 0 rg BT 537.30 536.95 Td (ch 31) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 523.76 Td (\($ millions\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.00 523.90 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.00 523.90 Td (2012) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 510.76 Td (CNA) Tj ET Q q 0 0 0 rg BT 71.51 510.76 Td ( Specialty) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 510.76 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.50 510.76 Td (142) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 515.00 510.76 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.50 510.76 Td (138) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 497.76 Td (CNA) Tj ET Q q 0 0 0 rg BT 71.51 497.76 Td ( Commercial) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.50 497.76 Td (128) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.50 497.76 Td (146) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 484.76 Td (Hardy) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 496.50 484.76 Td (\(7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 504.00 484.76 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 471.76 Td (T) Tj ET Q q 0 0 0 rg BT 57.87 471.76 Td (otal P&C Operations) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.50 471.76 Td (263) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.50 471.76 Td (284) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 458.76 Td (Life & Group Non-Core) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 499.50 458.76 Td (9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.00 458.76 Td (\(11) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 559.00 458.76 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 445.76 Td (Corporate & Other Non-Core) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 492.00 445.76 Td (\(22) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 504.00 445.76 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.00 445.76 Td (\(23) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 559.00 445.76 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 432.76 Td (T) Tj ET Q q 0 0 0 rg BT 57.87 432.76 Td (otal ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 432.76 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.50 432.76 Td (250) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 515.00 432.76 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.50 432.76 Td (250) Tj ET Q BT /F2 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 193.90 403.95 Td (Pr) Tj ET Q q 0 0 0 rg BT 203.23 403.95 Td (operty & Casualty Operations Gr) Tj ET Q q 0 0 0 rg BT 332.56 403.95 Td (oss ) Tj ET Q q 0 0 0 rg BT 346.15 403.95 Td (W) Tj ET Q q 0 0 0 rg BT 354.99 403.95 Td (ritten Pr) Tj ET Q q 0 0 0 rg BT 388.05 403.95 Td (emiums) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 354.50 407.00 -13.00 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l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 354.5 m 562.5 354.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 354.5 m 507.5 354.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 354.5 m 562.5 354.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 315.5 m 507.5 315.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 315.5 m 562.5 315.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 315.5 m 507.5 315.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 303.5 m 507.5 303.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 301.5 m 507.5 301.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 315.5 m 562.5 315.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 303.5 m 562.5 303.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 301.5 m 562.5 301.5 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 469.10 380.95 Td (Results for) Tj ET Q q 0 0 0 rg BT 510.68 380.95 Td ( the ) Tj ET Q q 0 0 0 rg BT 527.02 380.95 Td 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Tj ET Q q 0 0 0 rg BT 323.62 638.55 Td (will ) Tj ET Q q 0 0 0 rg BT 339.99 638.55 Td (be ) Tj ET Q q 0 0 0 rg BT 350.85 638.55 Td (held ) Tj ET Q q 0 0 0 rg BT 368.72 638.55 Td (at ) Tj ET Q q 0 0 0 rg BT 377.58 638.55 Td (10:00 ) Tj ET Q q 0 0 0 rg BT 400.45 638.55 Td (a.m. ) Tj ET Q q 0 0 0 rg BT 418.32 638.55 Td (\(ET\) ) Tj ET Q q 0 0 0 rg BT 437.68 638.55 Td (today) Tj ET Q q 0 0 0 rg BT 457.09 638.55 Td (. ) Tj ET Q q 0 0 0 rg BT 461.71 638.55 Td ( ) Tj ET Q q 0 0 0 rg BT 464.08 638.55 Td (On ) Tj ET Q q 0 0 0 rg BT 477.44 638.55 Td (the ) Tj ET Q q 0 0 0 rg BT 490.81 638.55 Td (conference ) Tj ET Q q 0 0 0 rg BT 532.65 638.55 Td (call ) Tj ET Q q 0 0 0 rg BT 548.01 638.55 Td (will ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 627.75 Td (be ) Tj ET Q q 0 0 0 rg BT 61.26 627.75 Td (Thomas ) Tj ET Q q 0 0 0 rg BT 93.24 627.75 Td (F) Tj ET Q q 0 0 0 rg BT 97.53 627.75 Td (. ) Tj ET Q q 0 0 0 rg BT 102.76 627.75 Td (Motamed, ) Tj ET Q q 0 0 0 rg BT 142.49 627.75 Td (Chairman ) Tj 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134.95 616.95 Td (the ) Tj ET Q q 0 0 0 rg BT 148.28 616.95 Td (call ) Tj ET Q q 0 0 0 rg BT 163.60 616.95 Td (by ) Tj ET Q q 0 0 0 rg BT 174.93 616.95 Td (dialing ) Tj ET Q q 0 0 0 rg BT 202.26 616.95 Td (\(888\) ) Tj ET Q q 0 0 0 rg BT 224.08 616.95 Td (438-5524, ) Tj ET Q q 0 0 0 rg BT 263.16 616.95 Td (or ) Tj ET Q q 0 0 0 rg BT 272.98 616.95 Td (for ) Tj ET Q q 0 0 0 rg BT 285.81 616.95 Td (international ) Tj ET Q q 0 0 0 rg BT 333.62 616.95 Td (callers, ) Tj ET Q q 0 0 0 rg BT 361.69 616.95 Td (\(719\) ) Tj ET Q q 0 0 0 rg BT 383.51 616.95 Td (325-2464. ) Tj ET Q q 0 0 0 rg BT 422.59 616.95 Td ( ) Tj ET Q q 0 0 0 rg BT 424.75 616.95 Td (The ) Tj ET Q q 0 0 0 rg BT 441.07 616.95 Td (call ) Tj ET Q q 0 0 0 rg BT 456.39 616.95 Td (will ) Tj ET Q q 0 0 0 rg BT 472.72 616.95 Td (also ) Tj ET Q q 0 0 0 rg BT 489.55 616.95 Td (be ) Tj ET Q q 0 0 0 rg BT 500.38 616.95 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 537.19 616.95 Td (live ) Tj ET Q q 0 0 0 rg BT 553.01 616.95 Td (on ) Tj ET Q BT 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(CNA) Tj ET Q q 0 0 0 rg BT 394.22 606.15 Td ( ) Tj ET Q q 0 0 0 rg BT 396.61 606.15 Td (website ) Tj ET Q q 0 0 0 rg BT 426.48 606.15 Td (\() Tj ET Q BT /F2 9.00 Tf ET 0 0 0 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 429.48095703125 604.95029296875 m 480.87939453125 604.95029296875 l s q 0 0 0 rg BT 429.48 606.15 Td (www) Tj ET Q q 0 0 0 rg BT 448.40 606.15 Td (.cna.com) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 480.88 606.15 Td (\) ) Tj ET Q q 0 0 0 rg BT 486.26 606.15 Td (for ) Tj ET Q q 0 0 0 rg BT 499.14 606.15 Td (further ) Tj ET Q q 0 0 0 rg BT 526.02 606.15 Td (details. ) Tj ET Q q 0 0 0 rg BT 554.15 606.15 Td ( ) Tj ET Q q 0 0 0 rg BT 556.00 606.15 Td (A) Tj ET Q q 0 0 0 rg BT 562.01 606.15 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 595.35 Td (presentation ) Tj ET Q q 0 0 0 rg BT 96.23 595.35 Td (will ) Tj ET Q q 0 0 0 rg BT 112.49 595.35 Td (be ) Tj ET Q q 0 0 0 rg BT 123.23 595.35 Td (posted ) Tj ET Q q 0 0 0 rg BT 148.98 595.35 Td (and ) Tj ET Q q 0 0 0 rg BT 164.22 595.35 Td (available ) Tj ET Q q 0 0 0 rg BT 198.95 595.35 Td (on ) Tj ET Q q 0 0 0 rg BT 210.20 595.35 Td (the ) Tj ET Q q 0 0 0 rg BT 223.45 595.35 Td (CNA) Tj ET Q q 0 0 0 rg BT 241.95 595.35 Td ( ) Tj ET Q q 0 0 0 rg BT 244.20 595.35 Td (website ) Tj ET Q q 0 0 0 rg BT 273.95 595.35 Td (and ) Tj ET Q q 0 0 0 rg BT 289.19 595.35 Td (will ) Tj ET Q q 0 0 0 rg BT 305.44 595.35 Td (provide ) Tj ET Q q 0 0 0 rg BT 335.18 595.35 Td (additional ) Tj ET Q q 0 0 0 rg BT 373.42 595.35 Td (insight ) Tj ET Q q 0 0 0 rg BT 400.18 595.35 Td (into ) Tj ET Q q 0 0 0 rg BT 416.43 595.35 Td (the ) Tj ET Q q 0 0 0 rg BT 429.67 595.35 Td (first ) Tj ET Q q 0 0 0 rg BT 446.42 595.35 Td (quarter ) Tj ET Q q 0 0 0 rg BT 474.16 595.35 Td (results.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 578.55 Td (The ) Tj ET Q q 0 0 0 rg BT 66.53 578.55 Td (call ) Tj ET Q q 0 0 0 rg BT 82.05 578.55 Td (is ) Tj ET Q q 0 0 0 rg BT 90.59 578.55 Td (available ) Tj ET Q q 0 0 0 rg BT 125.60 578.55 Td (to ) Tj ET Q q 0 0 0 rg BT 135.13 578.55 Td (the ) Tj ET Q q 0 0 0 rg BT 148.66 578.55 Td (media, ) Tj ET Q q 0 0 0 rg BT 175.44 578.55 Td (but ) Tj ET Q q 0 0 0 rg BT 189.47 578.55 Td (questions ) Tj ET Q q 0 0 0 rg BT 226.01 578.55 Td (will ) Tj ET Q q 0 0 0 rg BT 242.54 578.55 Td (be ) Tj ET Q q 0 0 0 rg BT 253.57 578.55 Td (restricted ) Tj ET Q q 0 0 0 rg BT 289.58 578.55 Td (to ) Tj ET Q q 0 0 0 rg BT 299.12 578.55 Td (investors ) Tj ET Q q 0 0 0 rg BT 334.15 578.55 Td (and ) Tj ET Q q 0 0 0 rg BT 349.68 578.55 Td (the ) Tj ET Q q 0 0 0 rg BT 363.21 578.55 Td (professional ) Tj ET Q q 0 0 0 rg BT 409.73 578.55 Td (investment ) Tj ET Q q 0 0 0 rg BT 451.76 578.55 Td (community) Tj ET Q q 0 0 0 rg BT 492.17 578.55 Td (. ) Tj ET Q q 0 0 0 rg BT 496.95 578.55 Td ( ) Tj ET Q q 0 0 0 rg BT 498.93 578.55 Td (A) Tj ET Q q 0 0 0 rg BT 504.93 578.55 Td ( ) Tj ET Q q 0 0 0 rg BT 507.46 578.55 Td (taped ) Tj ET Q q 0 0 0 rg BT 529.49 578.55 Td (replay ) Tj ET Q q 0 0 0 rg BT 554.51 578.55 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 567.75 Td (the ) Tj ET Q q 0 0 0 rg BT 63.34 567.75 Td (call ) Tj ET Q q 0 0 0 rg BT 78.68 567.75 Td (will ) Tj ET Q q 0 0 0 rg BT 95.03 567.75 Td (be ) Tj ET Q q 0 0 0 rg BT 105.87 567.75 Td (available ) Tj ET Q q 0 0 0 rg BT 140.69 567.75 Td (through ) Tj ET Q q 0 0 0 rg BT 171.04 567.75 Td (May ) Tj ET Q q 0 0 0 rg BT 189.88 567.75 Td (6, ) Tj ET Q q 0 0 0 rg BT 198.98 567.75 Td (2013 ) Tj ET Q q 0 0 0 rg BT 219.33 567.75 Td (by ) Tj ET Q q 0 0 0 rg BT 230.67 567.75 Td (dialing ) Tj ET Q q 0 0 0 rg BT 258.02 567.75 Td (\(888\) ) Tj ET Q q 0 0 0 rg BT 279.86 567.75 Td (203-1) Tj ET Q q 0 0 0 rg BT 300.52 567.75 Td (1) Tj ET Q q 0 0 0 rg BT 304.69 567.75 Td (12, ) Tj ET Q q 0 0 0 rg BT 318.28 567.75 Td (or ) Tj ET Q q 0 0 0 rg BT 328.13 567.75 Td (for ) Tj ET Q q 0 0 0 rg BT 340.97 567.75 Td (international ) Tj ET Q q 0 0 0 rg BT 388.80 567.75 Td (callers, ) Tj ET Q q 0 0 0 rg BT 416.88 567.75 Td (\(719\) ) Tj ET Q q 0 0 0 rg BT 438.72 567.75 Td (457-0820. ) Tj ET Q q 0 0 0 rg BT 477.81 567.75 Td ( ) Tj ET Q q 0 0 0 rg BT 479.99 567.75 Td (The ) Tj ET Q q 0 0 0 rg BT 496.33 567.75 Td (replay ) Tj ET Q q 0 0 0 rg BT 521.16 567.75 Td (passcode ) Tj ET Q q 0 0 0 rg BT 556.00 567.75 Td (is ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 556.95 Td (8072004. ) Tj ET Q q 0 0 0 rg BT 85.43 556.95 Td ( ) Tj ET Q q 0 0 0 rg BT 86.99 556.95 Td (The ) Tj ET Q q 0 0 0 rg BT 102.66 556.95 Td (replay ) Tj ET Q q 0 0 0 rg BT 126.83 556.95 Td (will ) Tj ET Q q 0 0 0 rg BT 142.51 556.95 Td (also ) Tj ET Q q 0 0 0 rg BT 158.68 556.95 Td (be ) Tj ET Q q 0 0 0 rg BT 168.86 556.95 Td (available ) Tj ET Q q 0 0 0 rg BT 203.02 556.95 Td (on ) Tj ET Q q 0 0 0 rg BT 213.70 556.95 Td (CNA's ) Tj ET Q q 0 0 0 rg BT 239.50 556.95 Td (website. ) Tj ET Q q 0 0 0 rg BT 270.93 556.95 Td ( ) Tj ET Q q 0 0 0 rg BT 272.61 556.95 Td (Financial ) Tj ET Q q 0 0 0 rg BT 307.78 556.95 Td (supplement ) Tj ET Q q 0 0 0 rg BT 350.95 556.95 Td (information ) Tj ET Q q 0 0 0 rg BT 395.12 556.95 Td (related ) Tj ET Q q 0 0 0 rg BT 421.28 556.95 Td (to ) Tj ET Q q 0 0 0 rg BT 429.96 556.95 Td (the ) Tj ET Q q 0 0 0 rg BT 442.64 556.95 Td (results ) Tj ET Q q 0 0 0 rg BT 467.81 556.95 Td (is ) Tj ET Q q 0 0 0 rg BT 475.50 556.95 Td (available ) Tj ET Q q 0 0 0 rg BT 509.66 556.95 Td (on ) Tj ET Q q 0 0 0 rg BT 520.33 556.95 Td (the ) Tj ET Q q 0 0 0 rg BT 533.01 556.95 Td (investor ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 546.15 Td (relations ) Tj ET Q q 0 0 0 rg BT 83.24 546.15 Td (pages ) Tj ET Q q 0 0 0 rg BT 105.98 546.15 Td (of ) Tj ET Q q 0 0 0 rg BT 115.73 546.15 Td (the ) Tj ET Q q 0 0 0 rg BT 128.97 546.15 Td (CNA) Tj ET Q q 0 0 0 rg BT 147.48 546.15 Td ( ) Tj ET Q q 0 0 0 rg BT 149.73 546.15 Td (website ) Tj ET Q q 0 0 0 rg BT 179.47 546.15 Td (or ) Tj ET Q q 0 0 0 rg BT 189.22 546.15 Td (by ) Tj ET Q q 0 0 0 rg BT 200.47 546.15 Td (contacting ) Tj ET Q q 0 0 0 rg BT 240.20 546.15 Td (David ) Tj ET Q q 0 0 0 rg BT 263.95 546.15 Td (Adams ) Tj ET Q q 0 0 0 rg BT 291.70 546.15 Td (at ) Tj ET Q q 0 0 0 rg BT 300.44 546.15 Td (\(312\) ) Tj ET Q q 0 0 0 rg BT 322.19 546.15 Td (822-2183.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 529.35 Td (Definition ) Tj ET Q q 0 0 0 rg BT 90.75 529.35 Td (of ) Tj ET Q q 0 0 0 rg BT 100.50 529.35 Td (Reported ) Tj ET Q q 0 0 0 rg BT 138.74 529.35 Td (Segments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 512.55 Td (CNA) Tj ET Q q 0 0 0 rg BT 69.00 512.55 Td ( ) Tj ET Q q 0 0 0 rg BT 71.31 512.55 Td (Specialty) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 106.31 512.55 Td ( ) Tj ET Q q 0 0 0 rg BT 108.62 512.55 Td (provides ) Tj ET Q q 0 0 0 rg BT 141.92 512.55 Td (professional ) Tj ET Q q 0 0 0 rg BT 188.22 512.55 Td (and ) Tj ET Q q 0 0 0 rg BT 203.52 512.55 Td (management ) Tj ET Q q 0 0 0 rg BT 251.81 512.55 Td (liability) Tj ET Q q 0 0 0 rg BT 279.22 512.55 Td (, ) Tj ET Q q 0 0 0 rg BT 283.78 512.55 Td (surety ) Tj ET Q q 0 0 0 rg BT 308.08 512.55 Td (and ) Tj ET Q q 0 0 0 rg BT 323.38 512.55 Td (other ) Tj ET Q q 0 0 0 rg BT 344.18 512.55 Td (property ) Tj ET Q q 0 0 0 rg BT 376.98 512.55 Td (and ) Tj ET Q q 0 0 0 rg BT 392.28 512.55 Td (casualty ) Tj ET Q q 0 0 0 rg BT 424.08 512.55 Td (coverages ) Tj ET Q q 0 0 0 rg BT 462.37 512.55 Td (and ) Tj ET Q q 0 0 0 rg BT 477.67 512.55 Td (services, ) Tj ET Q q 0 0 0 rg BT 511.21 512.55 Td (which ) Tj ET Q q 0 0 0 rg BT 535.52 512.55 Td (include ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 501.75 Td (warranty ) Tj ET Q q 0 0 0 rg BT 83.87 501.75 Td (and ) Tj ET Q q 0 0 0 rg BT 98.75 501.75 Td (service ) Tj ET Q q 0 0 0 rg BT 126.11 501.75 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 162.73 501.75 Td ( ) Tj ET Q q 0 0 0 rg BT 164.62 501.75 Td (Specialty ) Tj ET Q q 0 0 0 rg BT 199.99 501.75 Td (products ) Tj ET Q q 0 0 0 rg BT 232.87 501.75 Td (are ) Tj ET Q q 0 0 0 rg BT 245.74 501.75 Td (sold ) Tj ET Q q 0 0 0 rg BT 262.63 501.75 Td (both ) Tj ET Q q 0 0 0 rg BT 280.51 501.75 Td (domestically ) Tj ET Q q 0 0 0 rg BT 328.39 501.75 Td (and ) Tj ET Q q 0 0 0 rg BT 343.27 501.75 Td (abroad, ) Tj ET Q q 0 0 0 rg BT 371.89 501.75 Td (through ) Tj ET Q q 0 0 0 rg BT 401.77 501.75 Td (brokers, ) Tj ET Q q 0 0 0 rg BT 432.89 501.75 Td (independent ) Tj ET Q q 0 0 0 rg BT 478.76 501.75 Td (agencies ) Tj ET Q q 0 0 0 rg BT 511.63 501.75 Td (and ) Tj ET Q q 0 0 0 rg BT 526.51 501.75 Td (managing ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 490.95 Td (general ) Tj ET Q q 0 0 0 rg BT 78.73 490.95 Td (underwriters.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 474.15 Td (CNA) Tj ET Q q 0 0 0 rg BT 69.00 474.15 Td ( ) Tj ET Q q 0 0 0 rg BT 70.59 474.15 Td (Commer) Tj ET Q q 0 0 0 rg BT 104.41 474.15 Td (cial) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 117.91 474.15 Td ( ) Tj ET Q q 0 0 0 rg BT 119.50 474.15 Td (works ) Tj ET Q q 0 0 0 rg BT 143.09 474.15 Td (with ) Tj ET Q q 0 0 0 rg BT 160.68 474.15 Td (an ) Tj ET Q q 0 0 0 rg BT 170.77 474.15 Td (independent ) Tj ET Q q 0 0 0 rg BT 216.34 474.15 Td (agency ) Tj ET Q q 0 0 0 rg BT 243.42 474.15 Td (distribution ) Tj ET Q q 0 0 0 rg BT 286.51 474.15 Td (system ) Tj ET Q q 0 0 0 rg BT 313.10 474.15 Td (and ) Tj ET Q q 0 0 0 rg BT 327.69 474.15 Td (brokers ) Tj ET Q q 0 0 0 rg BT 356.27 474.15 Td (to ) Tj ET Q q 0 0 0 rg BT 364.86 474.15 Td (market ) Tj ET Q q 0 0 0 rg BT 391.44 474.15 Td (a ) Tj ET Q q 0 0 0 rg BT 397.02 474.15 Td (broad ) Tj ET Q q 0 0 0 rg BT 419.11 474.15 Td (range ) Tj ET Q q 0 0 0 rg BT 440.68 474.15 Td (of ) Tj ET Q q 0 0 0 rg BT 449.77 474.15 Td (property ) Tj ET Q q 0 0 0 rg BT 481.85 474.15 Td (and ) Tj ET Q q 0 0 0 rg BT 496.44 474.15 Td (casualty ) Tj ET Q q 0 0 0 rg BT 527.51 474.15 Td (insurance ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 463.35 Td (products ) Tj ET Q q 0 0 0 rg BT 83.24 463.35 Td (and ) Tj ET Q q 0 0 0 rg BT 98.49 463.35 Td (services ) Tj ET Q q 0 0 0 rg BT 129.73 463.35 Td (to ) Tj ET Q q 0 0 0 rg BT 138.98 463.35 Td (small, ) Tj ET Q q 0 0 0 rg BT 162.97 463.35 Td (middle-market ) Tj ET Q q 0 0 0 rg BT 218.21 463.35 Td (and ) Tj ET Q q 0 0 0 rg BT 233.45 463.35 Td (lar) Tj ET Q q 0 0 0 rg BT 242.78 463.35 Td (ge ) Tj ET Q q 0 0 0 rg BT 253.52 463.35 Td (businesses ) Tj ET Q q 0 0 0 rg BT 293.77 463.35 Td (and ) Tj ET Q q 0 0 0 rg BT 309.02 463.35 Td (or) Tj ET Q q 0 0 0 rg BT 316.35 463.35 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 359.59 463.35 Td (domestically ) Tj ET Q q 0 0 0 rg BT 407.83 463.35 Td (and ) Tj ET Q q 0 0 0 rg BT 423.07 463.35 Td (abroad.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 446.55 Td (Hardy) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.00 446.55 Td (, ) Tj ET Q q 0 0 0 rg BT 78.83 446.55 Td (a ) Tj ET Q q 0 0 0 rg BT 84.41 446.55 Td (specialized ) Tj ET Q q 0 0 0 rg BT 125.96 446.55 Td (Lloyd's ) Tj ET Q q 0 0 0 rg BT 154.16 446.55 Td (of ) Tj ET Q q 0 0 0 rg BT 163.24 446.55 Td (London ) Tj ET Q q 0 0 0 rg BT 192.82 446.55 Td (underwriter) Tj ET Q q 0 0 0 rg BT 234.44 446.55 Td (, ) Tj ET Q q 0 0 0 rg BT 238.27 446.55 Td (was ) Tj ET Q q 0 0 0 rg BT 253.85 446.55 Td (acquired ) Tj ET Q q 0 0 0 rg BT 286.41 446.55 Td (on ) Tj ET Q q 0 0 0 rg BT 296.99 446.55 Td (July ) Tj ET Q q 0 0 0 rg BT 313.57 446.55 Td (2, ) Tj ET Q q 0 0 0 rg BT 321.90 446.55 Td (2012. ) Tj ET Q q 0 0 0 rg BT 343.73 446.55 Td ( ) Tj ET Q q 0 0 0 rg BT 345.20 446.55 Td (Through ) Tj ET Q q 0 0 0 rg BT 377.77 446.55 Td (Lloyd's ) Tj ET Q q 0 0 0 rg BT 405.97 446.55 Td (Syndicate ) Tj ET Q q 0 0 0 rg BT 443.04 446.55 Td (382, ) Tj ET Q q 0 0 0 rg BT 460.37 446.55 Td (Hardy ) Tj ET Q q 0 0 0 rg BT 484.45 446.55 Td (underwrites ) Tj ET Q q 0 0 0 rg BT 528.51 446.55 Td (primarily ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 435.75 Td (short-tail ) Tj ET Q q 0 0 0 rg BT 84.74 435.75 Td (exposures ) Tj ET Q q 0 0 0 rg BT 122.98 435.75 Td (in ) Tj ET Q q 0 0 0 rg BT 132.23 435.75 Td (marine ) Tj ET Q q 0 0 0 rg BT 159.47 435.75 Td (and ) Tj ET Q q 0 0 0 rg BT 174.72 435.75 Td (aviation, ) Tj ET Q q 0 0 0 rg BT 208.21 435.75 Td (non-marine ) Tj ET Q q 0 0 0 rg BT 251.94 435.75 Td (property) Tj ET Q q 0 0 0 rg BT 281.85 435.75 Td (, ) Tj ET Q q 0 0 0 rg BT 286.35 435.75 Td (specialty ) Tj ET Q q 0 0 0 rg BT 320.58 435.75 Td (lines ) Tj ET Q q 0 0 0 rg BT 339.83 435.75 Td (and ) Tj ET Q q 0 0 0 rg BT 355.08 435.75 Td (property ) Tj ET Q q 0 0 0 rg BT 387.82 435.75 Td (treaty ) Tj ET Q q 0 0 0 rg BT 410.55 435.75 Td (reinsurance.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 418.95 Td (Life ) Tj ET Q q 0 0 0 rg BT 67.84 418.95 Td (& ) Tj ET Q q 0 0 0 rg BT 77.69 418.95 Td (Gr) Tj ET Q q 0 0 0 rg BT 88.52 418.95 Td (oup ) Tj ET Q q 0 0 0 rg BT 105.38 418.95 Td (Non-Cor) Tj ET Q q 0 0 0 rg BT 139.22 418.95 Td (e) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 143.21 418.95 Td ( ) Tj ET Q q 0 0 0 rg BT 145.56 418.95 Td (primarily ) Tj ET Q q 0 0 0 rg BT 181.40 418.95 Td (includes ) Tj ET Q q 0 0 0 rg BT 213.74 418.95 Td (the ) Tj ET Q q 0 0 0 rg BT 227.09 418.95 Td (results ) Tj ET Q q 0 0 0 rg BT 252.93 418.95 Td (of ) Tj ET Q q 0 0 0 rg BT 262.78 418.95 Td (the ) Tj ET Q q 0 0 0 rg BT 276.12 418.95 Td (life ) Tj ET Q q 0 0 0 rg BT 290.46 418.95 Td (and ) Tj ET Q q 0 0 0 rg BT 305.81 418.95 Td (group ) Tj ET Q q 0 0 0 rg BT 329.15 418.95 Td (lines ) Tj ET Q q 0 0 0 rg BT 348.50 418.95 Td (of ) Tj ET Q q 0 0 0 rg BT 358.35 418.95 Td (business ) Tj ET Q q 0 0 0 rg BT 391.20 418.95 Td (that ) Tj ET Q q 0 0 0 rg BT 407.04 418.95 Td (are ) Tj ET Q q 0 0 0 rg BT 420.38 418.95 Td (in ) Tj ET Q q 0 0 0 rg BT 429.73 418.95 Td (run-of) Tj ET Q q 0 0 0 rg BT 452.06 418.95 Td (f. ) Tj ET Q q 0 0 0 rg BT 459.65 418.95 Td ( ) Tj ET Q q 0 0 0 rg BT 462.00 418.95 Td (Net ) Tj ET Q q 0 0 0 rg BT 477.35 418.95 Td (earned ) Tj ET Q q 0 0 0 rg BT 503.68 418.95 Td (premiums ) Tj ET Q q 0 0 0 rg BT 542.02 418.95 Td (relate ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 408.15 Td (primarily ) Tj ET Q q 0 0 0 rg BT 85.74 408.15 Td (to ) Tj ET Q q 0 0 0 rg BT 94.99 408.15 Td (the ) Tj ET Q q 0 0 0 rg BT 108.24 408.15 Td (individual ) Tj ET Q q 0 0 0 rg BT 146.98 408.15 Td (and ) Tj ET Q q 0 0 0 rg BT 162.23 408.15 Td (group ) Tj ET Q q 0 0 0 rg BT 185.47 408.15 Td (long ) Tj ET Q q 0 0 0 rg BT 203.73 408.15 Td (term ) Tj ET Q q 0 0 0 rg BT 222.47 408.15 Td (care ) Tj ET Q q 0 0 0 rg BT 239.70 408.15 Td (businesses.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 391.35 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 92.57 391.35 Td (& ) Tj ET Q q 0 0 0 rg BT 102.65 391.35 Td (Other) Tj ET Q q 0 0 0 rg BT 125.48 391.35 Td ( ) Tj ET Q q 0 0 0 rg BT 128.06 391.35 Td (Non-Cor) Tj ET Q q 0 0 0 rg BT 161.90 391.35 Td (e) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 165.89 391.35 Td ( ) Tj ET Q q 0 0 0 rg BT 168.48 391.35 Td (primarily ) Tj ET Q q 0 0 0 rg BT 204.55 391.35 Td (includes ) Tj ET Q q 0 0 0 rg BT 237.13 391.35 Td (certain ) Tj ET Q q 0 0 0 rg BT 264.19 391.35 Td (corporate ) Tj ET Q q 0 0 0 rg BT 300.76 391.35 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 338.08 391.35 Td (including ) Tj ET Q q 0 0 0 rg BT 374.66 391.35 Td (interest ) Tj ET Q q 0 0 0 rg BT 403.73 391.35 Td (on ) Tj ET Q q 0 0 0 rg BT 415.32 391.35 Td (corporate ) Tj ET Q q 0 0 0 rg BT 451.88 391.35 Td (debt, ) Tj ET Q q 0 0 0 rg BT 472.21 391.35 Td (and ) Tj ET Q q 0 0 0 rg BT 487.79 391.35 Td (the ) Tj ET Q q 0 0 0 rg BT 501.37 391.35 Td (results ) Tj ET Q q 0 0 0 rg BT 527.45 391.35 Td (of ) Tj ET Q q 0 0 0 rg BT 537.53 391.35 Td (certain ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 380.55 Td (property ) Tj ET Q q 0 0 0 rg BT 82.74 380.55 Td (and ) Tj ET Q q 0 0 0 rg BT 97.98 380.55 Td (casualty ) Tj ET Q q 0 0 0 rg BT 129.72 380.55 Td (business ) Tj ET Q q 0 0 0 rg BT 162.47 380.55 Td (in ) Tj ET Q q 0 0 0 rg BT 171.72 380.55 Td (run-of) Tj ET Q q 0 0 0 rg BT 194.05 380.55 Td (f, ) Tj ET Q q 0 0 0 rg BT 201.55 380.55 Td (including ) Tj ET Q q 0 0 0 rg BT 237.80 380.55 Td (CNA) Tj ET Q q 0 0 0 rg BT 256.30 380.55 Td ( ) Tj ET Q q 0 0 0 rg BT 258.55 380.55 Td (Re ) Tj ET Q q 0 0 0 rg BT 270.80 380.55 Td (and ) Tj ET Q q 0 0 0 rg BT 286.04 380.55 Td (asbestos ) Tj ET Q q 0 0 0 rg BT 318.29 380.55 Td (and ) Tj ET Q q 0 0 0 rg BT 333.54 380.55 Td (environmental ) Tj ET Q q 0 0 0 rg BT 387.77 380.55 Td (pollution.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 363.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 88.25 363.75 Td (Measur) Tj ET Q q 0 0 0 rg BT 117.58 363.75 Td (es) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 346.95 Td (In ) Tj ET Q q 0 0 0 rg BT 59.12 346.95 Td (the ) Tj ET Q q 0 0 0 rg BT 71.75 346.95 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 110.86 346.95 Td (of ) Tj ET Q q 0 0 0 rg BT 119.98 346.95 Td (the ) Tj ET Q q 0 0 0 rg BT 132.60 346.95 Td (results ) Tj ET Q q 0 0 0 rg BT 157.73 346.95 Td (of ) Tj ET Q q 0 0 0 rg BT 166.85 346.95 Td (CNA) Tj ET Q q 0 0 0 rg BT 185.36 346.95 Td ( ) Tj ET Q q 0 0 0 rg BT 186.99 346.95 Td (Specialty) Tj ET Q q 0 0 0 rg BT 219.89 346.95 Td (, ) Tj ET Q q 0 0 0 rg BT 223.77 346.95 Td (CNA) Tj ET Q q 0 0 0 rg BT 242.27 346.95 Td ( ) Tj ET Q q 0 0 0 rg BT 243.90 346.95 Td (Commercial ) Tj ET Q q 0 0 0 rg BT 290.01 346.95 Td (and ) Tj ET Q q 0 0 0 rg BT 304.64 346.95 Td (Hardy) Tj ET Q q 0 0 0 rg BT 326.54 346.95 Td (, ) Tj ET Q q 0 0 0 rg BT 330.42 346.95 Td (management ) Tj ET Q q 0 0 0 rg BT 378.03 346.95 Td (utilizes ) Tj ET Q q 0 0 0 rg BT 405.65 346.95 Td (the ) Tj ET Q q 0 0 0 rg BT 418.27 346.95 Td (loss ) Tj ET Q q 0 0 0 rg BT 433.90 346.95 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 454.27 346.95 Td (the ) Tj ET Q q 0 0 0 rg BT 466.89 346.95 Td (expense ) Tj ET Q q 0 0 0 rg BT 497.51 346.95 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 517.88 346.95 Td (the ) Tj ET Q q 0 0 0 rg BT 530.50 346.95 Td (dividend ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 336.15 Td (ratio ) Tj ET Q q 0 0 0 rg BT 69.16 336.15 Td (and ) Tj ET Q q 0 0 0 rg BT 84.82 336.15 Td (the ) Tj ET Q q 0 0 0 rg BT 98.48 336.15 Td (combined ) Tj ET Q q 0 0 0 rg BT 136.64 336.15 Td (ratio. ) Tj ET Q q 0 0 0 rg BT 158.05 336.15 Td ( ) Tj ET Q q 0 0 0 rg BT 160.52 336.15 Td (These ) Tj ET Q q 0 0 0 rg BT 184.68 336.15 Td (ratios ) Tj ET Q q 0 0 0 rg BT 207.34 336.15 Td (are ) Tj ET Q q 0 0 0 rg BT 220.99 336.15 Td (calculated ) Tj ET Q q 0 0 0 rg BT 260.13 336.15 Td (using ) Tj ET Q q 0 0 0 rg BT 282.30 336.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 316.45 336.15 Td (results ) Tj ET Q q 0 0 0 rg BT 342.62 336.15 Td (prepared ) Tj ET Q q 0 0 0 rg BT 376.76 336.15 Td (in ) Tj ET Q q 0 0 0 rg BT 386.43 336.15 Td (accordance ) Tj ET Q q 0 0 0 rg BT 429.56 336.15 Td (with ) Tj ET Q q 0 0 0 rg BT 448.23 336.15 Td (accounting ) Tj ET Q q 0 0 0 rg BT 490.38 336.15 Td (principles ) Tj ET Q q 0 0 0 rg BT 528.53 336.15 Td (generally ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 325.35 Td (accepted ) Tj ET Q q 0 0 0 rg BT 83.73 325.35 Td (in ) Tj ET Q q 0 0 0 rg BT 92.98 325.35 Td (the ) Tj ET Q q 0 0 0 rg BT 106.23 325.35 Td (United ) Tj ET Q q 0 0 0 rg BT 132.98 325.35 Td (States ) Tj ET Q q 0 0 0 rg BT 156.73 325.35 Td (of ) Tj ET Q q 0 0 0 rg BT 165.98 325.35 Td (America ) Tj ET Q q 0 0 0 rg BT 199.22 325.35 Td (\(GAAP\). ) Tj ET Q q 0 0 0 rg BT 234.22 325.35 Td ( ) Tj ET Q q 0 0 0 rg BT 236.31 325.35 Td (The ) Tj ET Q q 0 0 0 rg BT 252.55 325.35 Td (loss ) Tj ET Q q 0 0 0 rg BT 268.81 325.35 Td (ratio ) Tj ET Q q 0 0 0 rg BT 287.56 325.35 Td (is ) Tj ET Q q 0 0 0 rg BT 295.82 325.35 Td (the ) Tj ET Q q 0 0 0 rg BT 309.06 325.35 Td (percentage ) Tj ET Q q 0 0 0 rg BT 350.29 325.35 Td (of ) Tj ET Q q 0 0 0 rg BT 360.04 325.35 Td (net ) Tj ET Q q 0 0 0 rg BT 373.29 325.35 Td (incurred ) Tj ET Q q 0 0 0 rg BT 405.52 325.35 Td (claim ) Tj ET Q q 0 0 0 rg BT 427.77 325.35 Td (and ) Tj ET Q q 0 0 0 rg BT 443.02 325.35 Td (claim ) Tj ET Q q 0 0 0 rg BT 465.26 325.35 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 507.01 325.35 Td (expenses ) Tj ET Q q 0 0 0 rg BT 541.75 325.35 Td (to ) Tj ET Q q 0 0 0 rg BT 551.00 325.35 Td (net ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 314.55 Td (earned ) Tj ET Q q 0 0 0 rg BT 75.60 314.55 Td (premiums. ) Tj ET Q q 0 0 0 rg BT 115.47 314.55 Td ( ) Tj ET Q q 0 0 0 rg BT 116.97 314.55 Td (The ) Tj ET Q q 0 0 0 rg BT 132.59 314.55 Td (expense ) Tj ET Q q 0 0 0 rg BT 163.20 314.55 Td (ratio ) Tj ET Q q 0 0 0 rg BT 181.31 314.55 Td (is ) Tj ET Q q 0 0 0 rg BT 188.93 314.55 Td (the ) Tj ET Q q 0 0 0 rg BT 201.55 314.55 Td (percentage ) Tj ET Q q 0 0 0 rg BT 242.14 314.55 Td (of ) Tj ET Q q 0 0 0 rg BT 251.26 314.55 Td (insurance ) Tj ET Q q 0 0 0 rg BT 287.37 314.55 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 335.48 314.55 Td (and ) Tj ET Q q 0 0 0 rg BT 350.10 314.55 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 391.21 314.55 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 427.57 314.55 Td (including ) Tj ET Q q 0 0 0 rg BT 463.19 314.55 Td (the ) Tj ET Q q 0 0 0 rg BT 475.81 314.55 Td (amortization ) Tj ET Q q 0 0 0 rg BT 522.91 314.55 Td (of ) Tj ET Q q 0 0 0 rg BT 532.03 314.55 Td (deferred ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 303.75 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 92.21 303.75 Td (costs, ) Tj ET Q q 0 0 0 rg BT 115.17 303.75 Td (to ) Tj ET Q q 0 0 0 rg BT 124.88 303.75 Td (net ) Tj ET Q q 0 0 0 rg BT 138.58 303.75 Td (earned ) Tj ET Q q 0 0 0 rg BT 165.28 303.75 Td (premiums. ) Tj ET Q q 0 0 0 rg BT 206.23 303.75 Td ( ) Tj ET Q q 0 0 0 rg BT 208.75 303.75 Td (The ) Tj ET Q q 0 0 0 rg BT 225.45 303.75 Td (dividend ) Tj ET Q q 0 0 0 rg BT 259.66 303.75 Td (ratio ) Tj ET Q q 0 0 0 rg BT 278.86 303.75 Td (is ) Tj ET Q q 0 0 0 rg BT 287.58 303.75 Td (the ) Tj ET Q q 0 0 0 rg BT 301.29 303.75 Td (ratio ) Tj ET Q q 0 0 0 rg BT 320.49 303.75 Td (of ) Tj ET Q q 0 0 0 rg BT 330.70 303.75 Td (policyholders' ) Tj ET Q q 0 0 0 rg BT 384.02 303.75 Td (dividends ) Tj ET Q q 0 0 0 rg BT 421.73 303.75 Td (incurred ) Tj ET Q q 0 0 0 rg BT 454.43 303.75 Td (to ) Tj ET Q q 0 0 0 rg BT 464.14 303.75 Td (net ) Tj ET Q q 0 0 0 rg BT 477.84 303.75 Td (earned ) Tj ET Q q 0 0 0 rg BT 504.54 303.75 Td (premiums. ) Tj ET Q q 0 0 0 rg BT 545.49 303.75 Td ( ) Tj ET Q q 0 0 0 rg BT 548.01 303.75 Td (The ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 292.95 Td (combined ) Tj ET Q q 0 0 0 rg BT 87.74 292.95 Td (ratio ) Tj ET Q q 0 0 0 rg BT 106.48 292.95 Td (is ) Tj ET Q q 0 0 0 rg BT 114.74 292.95 Td (the ) Tj ET Q q 0 0 0 rg BT 127.98 292.95 Td (sum ) Tj ET Q q 0 0 0 rg BT 145.23 292.95 Td (of ) Tj ET Q q 0 0 0 rg BT 154.98 292.95 Td (the ) Tj ET Q q 0 0 0 rg BT 168.23 292.95 Td (loss, ) Tj ET Q q 0 0 0 rg BT 186.73 292.95 Td (expense ) Tj ET Q q 0 0 0 rg BT 217.97 292.95 Td (and ) Tj ET Q q 0 0 0 rg BT 233.21 292.95 Td (dividend ) Tj ET Q q 0 0 0 rg BT 266.96 292.95 Td (ratios.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 276.15 Td (This ) Tj ET Q q 0 0 0 rg BT 68.45 276.15 Td (press ) Tj ET Q q 0 0 0 rg BT 89.40 276.15 Td (release ) Tj ET Q q 0 0 0 rg BT 116.83 276.15 Td (may ) Tj ET Q q 0 0 0 rg BT 134.78 276.15 Td (also ) Tj ET Q q 0 0 0 rg BT 151.72 276.15 Td (reference ) Tj ET Q q 0 0 0 rg BT 187.64 276.15 Td (or ) Tj ET Q q 0 0 0 rg BT 197.59 276.15 Td (contain ) Tj ET Q q 0 0 0 rg BT 226.53 276.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 260.46 276.15 Td (measures ) Tj ET Q q 0 0 0 rg BT 296.40 276.15 Td (that ) Tj ET Q q 0 0 0 rg BT 312.35 276.15 Td (are ) Tj ET Q q 0 0 0 rg BT 325.78 276.15 Td (not ) Tj ET Q q 0 0 0 rg BT 339.74 276.15 Td (in ) Tj ET Q q 0 0 0 rg BT 349.19 276.15 Td (accordance ) Tj ET Q q 0 0 0 rg BT 392.10 276.15 Td (with ) Tj ET Q q 0 0 0 rg BT 410.56 276.15 Td (GAAP) Tj ET Q q 0 0 0 rg BT 434.06 276.15 Td (. ) Tj ET Q q 0 0 0 rg BT 441.01 276.15 Td (For ) Tj ET Q q 0 0 0 rg BT 455.97 276.15 Td (reconciliations ) Tj ET Q q 0 0 0 rg BT 511.40 276.15 Td (of ) Tj ET Q q 0 0 0 rg BT 521.35 276.15 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 562.01 276.15 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 265.35 Td (measures ) Tj ET Q q 0 0 0 rg BT 85.08 265.35 Td (to ) Tj ET Q q 0 0 0 rg BT 93.68 265.35 Td (the ) Tj ET Q q 0 0 0 rg BT 106.27 265.35 Td (most ) Tj ET Q q 0 0 0 rg BT 125.37 265.35 Td (comparable ) Tj ET Q q 0 0 0 rg BT 168.94 265.35 Td (GAAP) Tj ET Q q 0 0 0 rg BT 193.11 265.35 Td ( ) Tj ET Q q 0 0 0 rg BT 194.71 265.35 Td (measures, ) Tj ET Q q 0 0 0 rg BT 232.04 265.35 Td (please ) Tj ET Q q 0 0 0 rg BT 256.12 265.35 Td (refer ) Tj ET Q q 0 0 0 rg BT 274.70 265.35 Td (herein ) Tj ET Q q 0 0 0 rg BT 298.78 265.35 Td (and/or ) Tj ET Q q 0 0 0 rg BT 323.37 265.35 Td (to ) Tj ET Q q 0 0 0 rg BT 331.97 265.35 Td (CNA's ) Tj ET Q q 0 0 0 rg BT 357.69 265.35 Td (most ) Tj ET Q q 0 0 0 rg BT 376.79 265.35 Td (recent ) Tj ET Q q 0 0 0 rg BT 400.37 265.35 Td (10-K ) Tj ET Q q 0 0 0 rg BT 420.46 265.35 Td (on ) Tj ET Q q 0 0 0 rg BT 431.06 265.35 Td (file ) Tj ET Q q 0 0 0 rg BT 444.65 265.35 Td (with ) Tj ET Q q 0 0 0 rg BT 462.24 265.35 Td (the ) Tj ET Q q 0 0 0 rg BT 474.83 265.35 Td (Securities ) Tj ET Q q 0 0 0 rg BT 511.92 265.35 Td (and ) Tj ET Q q 0 0 0 rg BT 526.51 265.35 Td (Exchange ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 254.55 Td (Commission, ) Tj ET Q q 0 0 0 rg BT 100.01 254.55 Td (as ) Tj ET Q q 0 0 0 rg BT 109.76 254.55 Td (well ) Tj ET Q q 0 0 0 rg BT 127.50 254.55 Td (as ) Tj ET Q q 0 0 0 rg BT 137.25 254.55 Td (the ) Tj ET Q q 0 0 0 rg BT 150.49 254.55 Td (financial ) Tj ET Q q 0 0 0 rg BT 184.23 254.55 Td (supplement, ) Tj ET Q q 0 0 0 rg BT 230.22 254.55 Td (available ) Tj ET Q q 0 0 0 rg BT 264.95 254.55 Td (at ) Tj ET Q BT /F2 9.00 Tf ET 0 0 0 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 273.69482421875 253.35029296874995 m 325.09326171875 253.35029296874995 l s q 0 0 0 rg BT 273.69 254.55 Td (www) Tj ET Q q 0 0 0 rg BT 292.61 254.55 Td (.cna.com) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 325.09 254.55 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 237.75 Td (Forward-Looking ) Tj ET Q q 0 0 0 rg BT 121.25 237.75 Td (Statement) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 220.95 Td (This ) Tj ET Q q 0 0 0 rg BT 69.10 220.95 Td (press ) Tj ET Q q 0 0 0 rg BT 90.70 220.95 Td (release ) Tj ET Q q 0 0 0 rg BT 118.77 220.95 Td (may ) Tj ET Q q 0 0 0 rg BT 137.37 220.95 Td (include ) Tj ET Q q 0 0 0 rg BT 166.96 220.95 Td (statements ) Tj ET Q q 0 0 0 rg BT 208.05 220.95 Td (which ) Tj ET Q q 0 0 0 rg BT 233.14 220.95 Td (relate ) Tj ET Q q 0 0 0 rg BT 256.22 220.95 Td (to ) Tj ET Q q 0 0 0 rg BT 266.32 220.95 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 308.90 220.95 Td (future ) Tj ET Q q 0 0 0 rg BT 333.49 220.95 Td (events ) Tj ET Q q 0 0 0 rg BT 359.58 220.95 Td (\(forward-looking ) Tj ET Q q 0 0 0 rg BT 424.66 220.95 Td (statements\) ) Tj ET Q q 0 0 0 rg BT 468.75 220.95 Td (rather ) Tj ET Q q 0 0 0 rg BT 492.83 220.95 Td (than ) Tj ET Q q 0 0 0 rg BT 511.42 220.95 Td (actual ) Tj ET Q q 0 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