CNA Financial on Monday announced an $84 million loss in the fourth quarter, driven by catastrophic losses, poor investment returns, and property and professional liability losses in its London office.
That compares to $223 million in net income during the final quarter of 2017. For the full year, CNA’s net income declined, to $813 million from $899 million in 2017, a 9.5% decrease.
Nevertheless, Chairman and Chief Executive Officer Dino E. Robusto said, CNA achieved “meaningful premium growth” during the year and continued to get needed rate increases.
CNA reported ne...
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