CNA Quarterly Profit Up Sharply

NU Online News Service, May 8, 12:29 p.m. EDT? CNA Financial Corporation reported first-quarter net profit increased four-fold to $83 million, or 30 cents per share, thanks to strong premium rate increases and production of new business.

In the corresponding quarter in 2002, the Chicago-based insurer recorded a net income of $20 million, or 9 cents per share.

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