Associated Press | Chicago-based CNA Financial Corp. said on Monday that it posted a first-quarter profit on improving performance in its investment portfolio, although higher catastrophe losses hurt results. The commercial insurer reported net income for the three months ended
March 31 of $245 million, or 82 cents per share, compared with a loss of
$195 million, or 84 cents per share, in the same quarter a year
earlier.

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