FOR IMMEDIATE RELEASE
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To be competitive in Europe. Economic Copyright © 2012 by A.M. Best Company, Inc. 4 All rights reserved. It is not intended to summarize A.M.CNA Financial Topped Q4 EPS Estimates, Stock Up Over 8% (CNA)
CNA Financial (NYSE:CNA) reported Q4 EPS of $1.18, topping consensus estimates of $0.69 per share.
Thomas F. Motamed, Chairman and Chief Executive Officer of CNA Financial Corporation, commented, "We are encouraged by our fourth quarter and full year results. Our Specialty segment continues to deliver superior results in an extremely competitive environment. We continue to be optimistic about the long term prospects of our Commercial segment, which has delivered five consecutive quarters of rate increases, as well as an improving production trend, risk selection and price differentiation."
Shares of the company are currently trading 8.18% higher at $30.00.
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