CNA Posts 2nd-Quarter Results, Profits Down
Commercial insurer CNA Financial Corp. reported on Monday that second-quarter profit fell about 17 percent, reflecting lower premiums and realized investment losses. CNA's majority owner is Loews Corp.
Net income for Chicago-based CNA fell to $181 million, or 67 cents per share, from $217 million, or 80 cents per share, a year earlier.
Excluding investment gains and losses, operating earnings fell 21 percent to $250 million, or 93 cents per share, from $318 million, or $1.17 per share, CNA said.
Published on July 28, 2008
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