CNA Financial's Profit Grows 30% in Q2

CNA Financial Corp. has reported second quarter net income of $272 million, a 30% increase from $209 million in net income in the second quarter of 2016. For the first half of the year, net income was $532 million, up 93% from $275 million in the same period last year. For property and casualty operations, net written premiums grew 4.7% in the second quarter, to $1.70 billion, and the combined ratio dropped to 93.5%, down from 97.4% in the prior-year quarter. “Improvement in both our underlying loss ratio and expense ratio created one of our best underwriting quarters in the past deca...