CNA Announces Sale of Its 50% Interest in First Insurance Company of Hawaii

Today, CNA Financial Corporation CNA announced that it has agreed to the sale of its 50% ownership interest in First Insurance Company of Hawaii, Ltd. to Tokio Marine & Nichido Fire Insurance Co., Ltd., the sole other shareholder in the Hawaiian subsidiary. The sale, which is subject to regulatory approval, is not expected to have a material impact on GAAP book value, but will increase statutory surplus.