Loews Earnings Reports

Loews Corporation reported Q4 2024 revenue of $4.55 billion and net income of $187 million, reflecting a significant decline from Q4 2023 due to a pension settlement charge at CNA and higher catastrophe losses. Boardwalk Pipelines performed well with increased transportation revenue, while Loews Hotels saw reduced earnings due to increased depreciation and interest expenses.

Loews Corporation reported a net income of $401 million, or $1.82 per share, for the third quarter of 2024, compared to $253 million, or $1.12 per share, in the third quarter of 2023. The increase was primarily due to improvements at CNA, Boardwalk Pipelines, and parent company investment income, offset by a decrease at Loews Hotels.

Loews Corporation reported a net income of $369 million, or $1.67 per share, in the second quarter of 2024. Excluding the prior period’s $36 million gain at Loews Hotels, net income increased 14% year-over-year, driven by CNA and Boardwalk.

Loews Corporation announced a net income of $457 million for Q1 2024, a 22% increase compared to Q1 2023. The results were driven by strong performances from CNA Financial and Boardwalk Pipelines, as well as improved parent company investment returns.

Loews Corporation reported a strong fourth quarter in 2023, with a net income of $446 million, representing a 26% increase compared to the same period in 2022. The positive results were driven by improved performance across its subsidiaries, including CNA Financial, Boardwalk Pipelines, and Loews Hotels & Co.

Loews Corporation reported a net income of $253 million for the third quarter of 2023, a significant improvement from the net loss of $22 million in the same period of the previous year. The results were driven by improved performance across all consolidated subsidiaries, including CNA Financial, Boardwalk Pipelines, and Loews Hotels & Co.

Loews Corporation reported a strong second quarter in 2023, with net income reaching $360 million, a significant increase from $167 million in the same period last year. This growth was fueled by improved performance across its consolidated subsidiaries, particularly CNA Financial, and higher investment income at the parent company.

Loews Corporation reported a net income of $375 million, or $1.61 per share, in the first quarter of 2023, compared to $322 million, or $1.29 per share, in the first quarter of 2022. The increase was driven by higher investment returns at the Parent Company and improved results at Loews Hotels & Co.

Loews Corporation reported a strong fourth quarter, with net income of $364 million, or $1.53 per share, compared to $343 million, or $1.36 per share, in the fourth quarter of 2021. The increase in net income was driven by improved results at Boardwalk Pipelines and higher investment returns at the parent company.

Loews Corporation reported a net income of $130 million, or $0.54 per share, for the third quarter of 2022, compared to a net income of $220 million, or $0.85 per share, in the third quarter of 2021. Results were driven by improved performance at Loews Hotels & Co and higher underwriting income and increased net investment income from fixed income securities at CNA Financial Corporation, offset by losses from limited partnership and common stock investments and net investment losses from sales of fixed income securities at CNA.

Loews Corporation reported a net income of $180 million for the second quarter of 2022, a decrease compared to $754 million in the same period of 2021. The decrease was primarily driven by lower net investment income, partially offset by higher property & casualty underwriting income and improved results at Loews Hotels & Co.

Loews Corporation reported a net income of $338 million for Q1 2022, a significant increase compared to $261 million in Q1 2021. This boost was driven by strong operating results from CNA Financial, Boardwalk Pipelines, and Loews Hotels & Co.

Loews Corporation reported a net income of $343 million for the fourth quarter of 2021, compared to $397 million for the fourth quarter of 2020. The decrease was primarily due to lower net investment gains at CNA, lower results from CNA's Life & Group business, and higher net catastrophe losses, partially offset by higher Property & Casualty non-catastrophe underwriting results.

Loews Corporation reported a net income of $220 million for the third quarter of 2021, an increase compared to the $139 million net income in the third quarter of 2020. The positive results were driven by contributions from CNA Financial Corporation, Boardwalk Pipelines, and Loews Hotels & Co.

Loews Corporation reported a net income of $754 million for Q2 2021, a significant improvement compared to the net loss of $835 million in Q2 2020. The results were driven by strong performance from CNA Financial, increased revenues from Boardwalk Pipelines, and improved results from Loews Hotels & Co.

Loews Corporation reported a net income of $261 million for the first quarter of 2021, a significant improvement compared to the net loss of $632 million in the same quarter of the previous year. The positive results were primarily driven by CNA Financial's improved performance and contributions from Boardwalk Pipelines. Loews Hotels & Co faced challenges due to the ongoing impact of the COVID-19 pandemic on travel.

Loews Corporation reported a net income of $397 million, or $1.45 per share, for the fourth quarter of 2020, compared to a net income of $217 million, or $0.73 per share, in the fourth quarter of 2019. CNA Financial Corporation drove net income with strong underwriting results and investment income. Boardwalk Pipelines also contributed positively, while Loews Hotels & Co posted a net loss due to the COVID-19 pandemic.

Loews Corporation reported a net income of $139 million, or $0.50 per share, for the third quarter of 2020, compared to a net income of $72 million, or $0.24 per share, in the third quarter of 2019. CNA Financial Corporation drove the quarterly increase in net income with an improved underlying combined ratio and higher net investment income. Loews Hotels & Co posted a quarterly net loss due to the revenue impact of the COVID-19 pandemic, and Boardwalk Pipelines’ net income also declined year-over-year.

Loews Corporation reported a net loss of $835 million for the second quarter of 2020, compared to a net income of $249 million in the second quarter of 2019. The results were primarily impacted by an investment loss from Diamond Offshore Drilling, significant catastrophe losses at CNA Financial Corporation, and operating losses at Loews Hotels & Co.

Loews Corporation reported a net loss of $632 million for the first quarter of 2020, a significant decrease compared to the net income of $394 million in the same period of 2019. The results were primarily affected by drilling rig impairment charges from Diamond Offshore, a decline in net investment income from CNA Financial and the parent company, net investment losses from CNA, and decreased results from Loews Hotels & Co, with the COVID-19 pandemic further impacting the company's performance.

Loews Corporation reported a net income of $217 million, or $0.73 per share, for the three months ended December 31, 2019, a significant improvement compared to a net loss of $165 million, or $0.53 per share, in the prior year period.