CNA Posts Big Jump in Q4 Profit

Chicago-based commercial insurer CNA Financial Corp. reported net income for the fourth quarter of 2004 of $305 million as compared to $174 million for the same period in 2003.

Income before net realized investment gains/losses for the fourth quarter of 2004 of $201 million as compared to $194 million for the same period in 2003. Meanwhile, the company reported a property/casualty combined ratio of 96.9 percent.