29 April 2014Insurance

CNA Q1 results hit by CAC divestment and cats

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).

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CNA Q1 results hit by CAC divestment and cats

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