CNA Financial posted a vastly depleted net profit in its first quarter results largely on the back of an estimated after-tax impairment loss of $214 million relating to its sale of its run-off annuity and pension deposit business Continental Assurance Company (CAC).
The rest of this article is locked for subscribers only. Please login to continue reading.
If you don't have a login, you will need to purchase a subscription to gain access to this article, including all our online content. Please use this link and follow the steps.
To request a FREE 2-week trial subscription, use the same link but select the 'trial' option in the dropdown box. NOTE - this can take up to 48hrs to be approved.
CNA Financial, First Quarter 2014 Results, Continental Assurance Company, Thomas Motamed, North America