CNA Financial Corp., Chicago, reported second-quarter net income declined by 1.7 percent, or $5 million, to $288 million compared with $293 million for the comparable 2004 period.

At the same time, the company's combined ratio deteriorated, increasing to 99.9 percent this quarter compared to 96.8 for the period last year.

Property-casualty net written premiums came in at $1.73 billion this quarter, down from $1.8 billion a year earlier.

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