CNA Posts Big Jump in Q4 Profit

February 22, 2005

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Chicago-based commercial insurer CNA Financial Corp. reported net income for the fourth quarter of 2004 of $305 million as compared to $174 million for the same period in 2003.

Income before net realized investment gains/losses for the fourth quarter of 2004 of $201 million as compared to $194 million for the same period in 2003. Meanwhile, the company reported a property/casualty combined ratio of 96.9 percent.

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Latest Comments

  • February 23, 2005 at 9:53 am
    MW says:
    No wonder their revenue is up. They are writing everything in sight for premiums far below market. To a great extent they are resonsible for softening the Causualty market, pa... read more
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