CNA Financial Hit by $70 million Loss in Q4

CNA Financial Corp. has reported a $70 million net loss in the fourth quarter, which contributed to a 31% decrease in net income for the full year. The fourth-quarter loss compared to $198 million in net income for the prior-year quarter. Net income for the full year 2015 was $479 million, down from $691 million in 2014. Gross written premiums in property and casualty were $2.547 billion in the fourth quarter, up 9% from $2.334 billion in the prior year quarter. For the full year, gross written premiums in property and casualty were $10.12 billion, a 6% increase from $9.558 billion in 2014. ...