Solid investment gains helped CNA Financial Inc. post third-quarter net income of $3 million, up from a loss of $27 million in the same period last year.
The Chicago-based carrier's $42 million net realized investment gains, compared to a loss of the same figure in the third quarter of 2004, helped make up for the impact of a $294 million after-tax Hurricane Katrina loss.
CNA attributed the investment gains primarily to favorable results in derivative securities.
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