CNA Financial Announces Third Quarter 2012 Results: Net Operating Income Of $216 Million, Net Income Of $221 Million, Operating ROE Of 7.5%
CNA Financial Corporation (NYSE: CNA) today announced third quarter 2012 results, which included net operating income of $216 million, or $0.80 per share, and net income of $221 million, or $0.82 per share. Property & Casualty Operations combined ratio for the third quarter was 99.7%. Book value per share was $46.99 at September 30, 2012, as compared with $45.34 at June 30, 2012 and $42.66 at December 31, 2011.
CNA Financial also announced declaration of a quarterly dividend of $0.15 per share, payable November 29, 2012 to stockholders of record on November 13, 2012.
| Results for the Three Months | Results for the Nine Months | |||||||||||||||
| Ended September 30 (a) | Ended September 30 (a) | |||||||||||||||
| ($ millions) | 2012 | 2011 (b) | 2012 | 2011 (b) | ||||||||||||
| Net operating income | $ | 216 | $ | 91 | $ | 594 | $ | 418 | ||||||||
| Net realized investment gains (losses) | 5 | (16 | ) | 43 | 2 | |||||||||||
| Net income from continuing operations | 221 | 75 | 637 | 420 | ||||||||||||
| Net loss from discontinued operations | — | — | — | (1 | ) | |||||||||||
| Net income | $ | 221 | $ | 75 | $ | 637 | $ | 419 | ||||||||
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