CNA Boosts 3Q Profit, Reports 'Pockets' of Claim Frequency Increase

CNA Financial Corp. has reported third quarter net income of $336 million, a 133% increase from $144 million in the same quarter last year. For the first nine months of the year, net income was $897 million, up from $676 million for the prior-year period. The company’s property and casualty operations combined ratio was 94.2% in the third quarter, improving from 103.7% in the third quarter of 2017. The nine-month combined ratio of 93.7% was also an improvement from 98.2% in the same period last year. Property and casualty net written premiums decreased 1% in the third quarter...