Tuesday, May 05, 2009

CNA Reveals More On Conference Call

CNA Financial (CNA) conference call went into great depth about the investment portfolio. The information was largely not dealt with in the press release. Richard W. Scott - Chief Investment Officer went into a lot of qualitative discussion. The investment analyst had many questions. But one thing was missing hard numbers in some kind of an acceptable financial format so that we could actually track the risks. I am not saying someone is lying. But the transparency is appalling.