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TheStreet Open House

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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