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CNA Financial: 1Q Earnings Snapshot

CHICAGO (AP) _ CNA Financial Corp. (CNA) on Monday reported first-quarter net income of $342 million.

On a per-share basis, the Chicago-based company said it had net income of $1.25. Earnings, adjusted for investment gains, came to $1.17 per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share.

The insurance holding company posted revenue of $2.7 billion in the period. Its adjusted revenue was $2.38 billion.

CNA Financial shares have risen roughly 3% since the beginning of the year. The stock has fallen 8% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CNA at https://www.zacks.com/ap/CNA