CNA underwriting profits 22% lower in Q1 on $125mn in cats
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CNA underwriting profits 22% lower in Q1 on $125mn in cats

James Thaler
May 03, 2021
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Aerial view of downtown Chicago

Core income at CNA more than doubled in the first quarter as net investment income surged, but underwriting profits fell by more than 20% as catastrophe losses came in higher and underlying margins slightly improved.

The Chicago-based carrier reported $0.96 in core earnings per share early Monday morning, well ahead of last year’s $0.40

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