CNA's Net Income, P&C Premiums Shrink in Q3

CNA Financial Corp. posted a 21.7% drop in net income in the third quarter of 2014 on the back of shrinking premium in its property and casualty operations. The Chicago-based carrier reported net income of $213 million in a Monday press release, down from $272 million in the third quarter of 2013. Its net written premiums dropped 3.6% from $1.62 billion to $1.56 billion. CNA's combined ratio for property and casualty also took a hit, increasing from 94% in the third quarter of 2013 to 96.1% in the third quarter of 2014. The corporation's after-tax investment income shrank 10.4% ...