CNA Financial Corporation reported 2007 fourth-quarter net income fell 50 percent compared to the same period in 2006, driven down by investment losses related to the decline in credit market conditions.
The company announced its fourth-quarter net income at $164 million, down $165 million from a reported figure of $329 million in 2006.
For the year, CNA reported a net income of $851 million compared to $1.1 billion in 2006. This decrease was also attributed to investment losses in 2007 as opposed to gains in 2006.
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