NU Online News Service, Feb. 9, 3:32 p.m. EST

Chicago-based insurer CNA Financial Corp. reported solid gains for the fourth quarter and year-end compared to the prior year's loss for the periods.

CNA said net income rose $582 million to $246 million, or 63 cents a share, for the fourth quarter of last year. Net written premiums for property and casualty operations decreased 6 percent, or $96 million, to $1.47 billion. The company's combined ratio in the quarter deteriorated 1.2 points to 90.3.

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