STRONG Q2 BOOSTS CNA’S RESULTS FOR FIRST HALF

Chicago-based commercial p/c group CNA Financial has posted H1 net earnings of $164m, an increase of 6% that was aided by Q2 results in which income more than quadrupled to $289m. CEO Steve Lilienthal attributed the results to “underwriting discipline and expense management”, adding that the results for the half would have been brighter if not for net realised investment losses. The group’s core p/c businesses had H1 net written premiums of $3.6bn, an increase of 10%, and produced a combined ratio of 102.8% against the year-earlier 120.3%.