Lower cats help CNA earnings beat

Fewer and less severe catastrophe losses helped US carrier CNA
Financial beat second quarter earnings forecasts, as the company
reported operating earnings per share (EPS) of $0.88, equating to
net operating income of $239mn.
The EPS figure was higher than the $0.75 consensus estimate from
Wall Street analysts, according to data collated by MarketWatch,
while operating income was up 19 percent on the prior-year
period.
CNA's combined ratio improved by 3.9 percentage points to
93.5 percent in the