CNA Financial's Net Income Grows by 79% in 2016

CNA Financial has reported a net income of $241 million for the fourth quarter of 2016, reversing a $70 million loss seen in the same quarter of 2015. For the full year 2016, net income was $859 million, up 79% from $479 million in 2015. Property and casualty net premiums written were $1.525 billion in the fourth quarter, down 3.8% from $1.585 billion in the prior-year quarter. For the full year, property and casualty net premiums written were $6.442 billion, compared to $6.421 billion in 2015. The combined ratio for property and casualty operations was 99.9 for the fourth quarter and 95.9...