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CNA Revises 4th Quarter Earnings

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NU Online News Service, March 19, 5:43 p.m. – CNA Financial Corp., Chicago, says it will be reporting $62 million in losses on investments sold, written down or written off during the fourth quarter of 2002, up from the original figure of $30 million.

The change will reduce CNA’s net income for the quarter to $50 million, from $82 million.

CNA says it made the change as a result of a routine review of its filings by the U.S. Securities and Exchange Commission.


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