CNA Financial Corp, one of the largest commercial insurance companies in the United States, said on Monday that earnings rose 29 percent in the first quarter, helped by increased investment income.

CNA, which is mostly owned by New York conglomerate Loews Corp, said earnings increased to $296 million, or $1.09 a share, from $229 million, or 82 cents a share, in the year earlier quarter.

Chicago-based CNA said net income from continuing operations, which analysts use to measure performance because it excludes investments, were $294 million or $1.08 a share.

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Posted: 05|1|07 at 8:56 am. Filed under: News.