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CNA FINANCIAL ANNOUNCES SECOND QUARTER 2022 NET INCOME OF $0.75 PER SHARE AND CORE INCOME OF $0.90 PER SHARE

PR Newswire - Mon Aug 1, 2022

CHICAGO, Aug. 1, 2022 /PRNewswire/ -- CNA Financial Corporation (NYSE: CNA) today announced second quarter 2022 net income of $205 million, or $0.75 per share, versus $368 million, or $1.35 per share, in the prior year quarter.  Core income for the quarter was $245 million, or $0.90 per share, versus $341 million, or $1.25 per share, in the prior year quarter.  Net investment losses for the quarter were $40 million, which were primarily driven by mark to market losses on non-redeemable preferred stock, compared to net investment gains of $27 million in the prior year quarter.

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