CNA Financial has reported a net income of $223m, or $0.80 earning per share attributable to common stockholders for the first quarter of 2011, compared to $245m , or $0.83 earning per share attributable to common stockholders in the same quarter of the previous year.
The net operating income for first quarter of 2011 was $216m, compared to $223m for the same corresponding quarter of the last year.
In the first quarter of 2011, the property & casualty operations net written premiums increased to $1.57bn from $1.49bn in the same period a year ago.
Property & casualty operations combined ratio for the 2011 first quarter was 101.9%, compared to 102.1% in the last year same quarter.
CNA Financial chairman and CEO Thomas Motamed said higher catastrophe losses in the P&C segments were more than offset by higher investment income and improved underwriting results before catastrophes.