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L - CNA Financial: The 7% Juicy Dividend Is Still There
Loews Corporation
Executive Summary
On the 10th of February, CNA Financial (CNA) reported its quarterly results for the fourth quarter of the year. During the third quarter of the year, CNA was adversely impacted by a $170M after-tax charge related to the active life reserve unlocking and suffered from a deterioration in the combined ratio. The net income for the first three quarters dropped by $170 million to $727 million, resulting from the poor third-quarter results.
Fortunately, the fourth-quarter results were more than decent and offset the earnings drop that occurred in Q3. The company