The document provides an overview of Loews Corporation's 2008 investor meeting. It summarizes CNA Financial Corporation's solid financial performance including improved operating earnings, a strong balance sheet, and steady core securities income. It also discusses CNA's property and casualty operations which drive the company's results, and how its controlled, orderly run-off operations mitigate earnings risks. Additionally, it outlines CNA's highly diversified insurance portfolio, market leadership in specialty businesses, and disciplined underwriting approach.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
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What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
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Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
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USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
2. Loews Corporation 2008 Investor Meeting
November 5, 2008
CNA Financial Corporation
Solid foundation built…
• Much improved level of financial performance
• Solid P&C operating earnings and strong competitive position
• Highly diversified product portfolio and market leadership
• Controlled, orderly run-off operations
• Strong balance sheet and capital position
…consistent, sustained progress
1
3. Loews Corporation 2008 Investor Meeting
November 5, 2008
CNAF Financial Review
Strong operating earnings drive…
Net Operating Income Book Value Per Share excluding AOCI
12.0%
$m 11.0% 9.8% $38.16
8.8% $37.63
$36.98
7.4% $36.79
3.3%
3.0% $34.00
$29.85
$1,070 $1,060 $29.05
$846
ex cats &
commutations
$599
$251
$253 $250
$221 ex cats
$83
2004 2005 2006 2007 Q1 08 Q2 08 Q3 08 2004 2005 2006 2007 Mar 31 Jun 30 Sep 30
2008 2008 2008
Full Year Quarterly
NOI Operating ROE (as reported)
…growth in book value
2
4. Loews Corporation 2008 Investor Meeting
November 5, 2008
CNAF Financial Review
Steady performance in core securities income…
Core Securities Net Investment Income Limited Partnership Investment Income
Pretax $m
Pretax $m
17.1%
16.2%
$2,240
$2,089 9.1%
$288
$1,757 2.0%
$254 (1.8%) (3.5%)
$183
$46
$550 $539
$534
($39)
($77)
2005 2006 2007 Q1 08 Q2 08 Q3 08
2005 2006 2007 Q1 08 Q2 08 Q3 08
Full Year Quarterly
Full Year Quarterly
Return (%)
…with solid long-term returns from limited partnerships
3
5. Loews Corporation 2008 Investor Meeting
November 5, 2008
Net Operating Income
Solid Property & Casualty earnings…
CNA Financial Corporation Property & Casualty Operations
$m $m
$1,221
$1,081
$1,070 $1,060
$846 $817
ex cats &
ex cats &
commutations
commutations
$260
$295
$251 $269
$253 $250
$221 $219 ex cats
ex cats
$92
$83
2005 2006 2007 Q1 08 Q2 08 Q3 08 2005 2006 2007 Q1 08 Q2 08 Q3 08
Full Year Quarterly Full Year Quarterly
…drive the Company’s results
4
6. Loews Corporation 2008 Investor Meeting
November 5, 2008
Net Operating Income
Controlled, orderly run-off operations…
Life & Group Corporate Segment
$m $m
$80
ex commutations
($3)
($14) $27
($30) ($36)
$11
($51) $9
$5
$3
($2)
($159)
2005 2006 2007 Q1 08 Q2 08 Q3 08 2005 2006 2007 Q1 08 Q2 08 Q3 08
Full Year Quarterly
Full Year Quarterly
… mitigate earnings risks
5
7. Loews Corporation 2008 Investor Meeting
November 5, 2008
P&C Operations – Key Ratios
Focus on operating fundamentals…
Combined Ratio Expense Ratio
110.0% 107.0%
98.1% 97.7% 31.5%
96.4% 94.8% 30.2% 29.5% 29.5% 28.4%
98.4% 28.2%
ex cats &
91.3%
commutations
ex cats
2005 2006 2007 Q1 08 Q2 08 Q3 08 2005 2006 2007 Q1 08 Q2 08 Q3 08
Full Year Quarterly Full Year Quarterly
…generates solid results despite softening market
6
8. Loews Corporation 2008 Investor Meeting
November 5, 2008
P&C Operations – Premium Metrics
Disciplined participation in the marketplace…
Net Written Premium Rate and Retention
$B
83% 83% 82%
82%
80%
80%
$7.0
$6.8 $6.8
$1.7
$1.6 $1.6
(0%)
(0%)
(4%) (4%)
(4%) (5%)
2005 2006 2007 Q1 08 Q2 08 Q3 08 2005 2006 2007 Q1 08 Q2 08 Q3 08
Full Year Quarterly
Full Year Quarterly
Rate Retention
…with solid retention and rational pricing
7
9. Loews Corporation 2008 Investor Meeting
November 5, 2008
P&C Operations – Disciplined Underwriting
Appropriate levels of new business…
Net Written Premium – New Business New Business – Cross Sell
$B $B
41% 40% 37% 35%
21% 33%
19% 18% 17% 17% 17% 29%
$7.0 $1.5
$6.8 $6.8 $1.4
$1.2
$1.7
$1.6 $1.6
$0.3
$0.3 $0.3
2005 2006 2007 Q1 08 Q2 08 Q3 08 2005 2006 2007 Q1 08 Q2 08 Q3 08
Full Year Quarterly Quarterly
Full Year
Net Written Premium New Business % New Business Cross Sell %
…enhanced by cross sell successes
8
10. Loews Corporation 2008 Investor Meeting
November 5, 2008
P&C Operations – Diversified Portfolio
Leveraging our highly diversified portfolio…
Geographic Distribution
Commercial Lines
Ranking
1 to 5
6 to 10
11 to 15
16 to 20
21 to 25
Source: Company filings
Industry Business
…to reduce volatility and to optimize earnings 9
11. Loews Corporation 2008 Investor Meeting
November 5, 2008
P&C Market Leadership
A highly respected industry leader in many specialty businesses…
Specialty Market Rankings
• Accountants: 1st
• Aging Services: 1st
• Architects & Engineers: 1st
• Dentists: 1st
• Law firms: 1st
• Nurses: 1st
• Real estate agents: 1st
• Surety: 3rd
…with strong financial results
10
12. Loews Corporation 2008 Investor Meeting
November 5, 2008
Claim Business Model
Consistent metrics and reporting…
• People/Culture
– Assigning the right level of work to the right level
Four Cornerstones of employee
• Customer Service
– Simplified intake process with reduced handoffs
– Single point of contact for claim inquiries
– Improved claim access through CNA Central
– Consistent experience no matter where claims
are handled
• Business Partnership
– Recognizing the different needs of different
customers
• Total Claim Outcome
– Reduced number of non-integrated systems
– Streamlined workflows
– Improving fraud detection
…drive effective and efficient claim handling
11
14. Loews Corporation 2008 Investor Meeting
November 5, 2008
Key P&C Reserve Metrics
Better than industry reserve adequacy metrics for long-tailed lines…
Ratio of Paid Loss to Ultimate Incurred Ratio of Bulk IBNR Reserves to Ultimate Incurred
AY CNA Industry AY CNA Industry
10.6%
77.3% 2002 9.0%
2002 82.4%
16.6%
71.5% 2003 12.9%
2003 75.5%
20.4%
65.0% 2004 18.8%
2004 66.0%
29.6%
2005 28.8%
51.9%
2005 53.1%
47.1%
2006 43.2%
31.4%
2006 36.5%
67.6%
2007 60.1%
14.0%
2007 18.7%
• The lower the net paid-to-ultimate incurred ratios, all • The higher the IBNR-to-ultimate incurred ratios, all
other things being equal, the stronger the reserves other things being equal, the stronger the reserves
Source: CNA data is from 2007 filed annual statutory statements
Industry data is from A.M. Best 2007 total P/C industry
…reflective of CNA’s solid reserve position
13
20. Loews Corporation 2008 Investor Meeting
November 5, 2008
Capital Actions
Anticipatory actions taken…
Capital Structure Key Terms/Actions
$B
18.3% • CNAF to issue $1.25B in perpetual preferred securities
18.1% 17.5%
15.9%
$11.9 to Loews at 10% annual dividend
$12.3
$10.6 $11.0
$2.1
$2.1
$2.0
Debt Debt
$1.7 – Callable at Par, in whole or in part
$0.7
Preferred $1.25 Preferred
– Dividend reset every 5 years at 700 bps over then
$10.2
$9.8 Common
$8.2 $7.7
Common current 10 year Treasury subject to 10% minimum
Equity
Equity
• CNAF suspends $0.15 quarterly shareholder dividend
2005 2006 2007 Sep 30 2008
Proforma • CCC to issue $1B surplus note to CNAF with 10%
Debt-to-Capital
coupon
…positioned to act on expected opportunities
19
21. Loews Corporation 2008 Investor Meeting
November 5, 2008
Capital Actions Rationale
• Establish unquestioned financial strength
• Strengthen capital and liquidity in highly volatile environment
• Protect against further financial market stress
• Positions us to act on opportunities likely to emerge in marketplace
• Reasonable cost
20
22. Loews Corporation 2008 Investor Meeting
November 5, 2008
Financial Flexibility
Abundant holding company cash and strong surplus…
CNAF Holding Company Cash & Short Term Statutory Surplus & Risk Based Capital
Continental Casualty Company
$m $B
$960 400%
377% 370%
333%
$8.3
$7.9 $7.8
$6.7
$359
$280
$198
2005 2006 2007 Sep 30 2008
2005 2006 2007 Sep 30 2008
Proforma
Estimate
Surplus RBC Ratio (Authorized Control Level)
…add higher level of protection during abnormal markets
21
23. Loews Corporation 2008 Investor Meeting
November 5, 2008
CNA Financial Corporation
CNA is a company that…
• Has strong, competitive property & casualty operations
• Is producing steady, meaningful operating income
• Is generating significant positive cash flow
• Has abundant liquidity
• Has a strong balance sheet to mitigate additional financial market stresses
and to act on likely market opportunities
…is positioned for future success
22