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CNA posts healthy Q4, AM Best ups outlook
08 February 2010
CNA Financial Corporation has reported a net income of $246m for the fourth quarter of 2009, compared with a net income loss of $336m in the fourth quarter of last year.
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[CNA Financial Corporation]
[AM Best]
CNA Financial Corporation has reported a net income of $246m for the fourth quarter of 2009, compared with a net income loss of $336m in the fourth quarter of last year.
Full year 2009 results included a net income of $419m, compared to the 2008 full year net income loss of $299m.
Net operating income for CNA’s property/casualty operations improved $205m in the fourth quarter of 2009. Property/casualty combined ratios for the fourth quarter and full year 2009 were 90.3% and 96.9%, respectively.
Gross written premiums for the property/casualty operations...
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