CNA's Portfolio Silence

CNA Financial (CNA) substantially owned by Loews announced Q1 results had a lot of red ink. A major culprit was net realized investment losses which in Q1 amounted to $344 million. OK everyone knows the markets stink but absolutely no commentary was provided as to the quality of the investment portfolio, reliance on derivatives and or other dubious instruments. To properly understand the company you will need to have a handle on where the portfolio is now. By refusing to discuss it the executive throws up a red flag. Conference call today at exactly the same time as Loews conference call. A multi-taskers delight.