UPDATE: CNA Financial Reports Upbeat Q1 Profit

CNA Financial Corp CNA reported a 3% decline in its Q1 operating profit. The company reported its Q1 net operating income at $216 million, or $0.80 per share, down from $223 million, or $0.83 per share, in the year-earlier period. However, analysts were expecting earnings of $0.72 per share. Property & Casualty Operations combined ratio for the first quarter came in at 101.9%. CNA shares closed at $31.04 on Friday. Read more from Benzinga's Company news.