Chicago-based insurer CNA reported its net income rose by $146 million, thanks to increases in net investment and lower catastrophe losses.
The company reported third-quarter net income of $221 million compared to $75 million for the same period last year. The company's combined ratio for its P&C business stood at 99.7, an increase of 0.6 points.
Net income for the nine months of this year stands at $637 million compared to $419 million last year. The combined ratio for the nine months was 101.1 down 1.2 points from 2011.
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