CNA edges above consensus after profits turnaround

US-listed carrier CNA recorded a significant change in fortunes
for its fourth quarter results to beat analysts' consensus
predictions despite strengthening reserves in its commercial
division.
Net operating income was recorded at $221mn or $0.82 earnings
per share for the fourth quarter, compared to an analysts'
estimate of $0.78 per share.
This marked a significant turnaround from the $52mn loss
recorded in Q4 2015. The 2015 results included a $198mn after-tax
charge related to increasing long