CNA beats on underwriting gains and investment returns

CNA reported first quarter operating profits of $235mn that were
well up on the $91mn generated in the prior-year period.
At $0.87 a share the performance was also ahead of Wall Street
analysts' consensus forecast of $0.79 a share for the quarter,
based on a compilation of seven estimates by MarketWatch.com.
The contribution to net operating income from the insurer's
core P&C operations was $268mn, up from $207mn in Q1 2016, as
higher net investment income and lower underwriting expense...