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Mar 31, 2022
Loews Q1 2022 Earnings Report
Loews Corporation reported net income for the first quarter of 2022.
Key Takeaways
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.
Net income increased by almost 30% compared to the prior year's quarter.
CNA Financial experienced higher property & casualty non-catastrophe underwriting results and lower catastrophe losses.
Loews Hotels' results improved significantly due to recovery from reduced travel during the COVID-19 pandemic.
Boardwalk Pipelines' earnings increased due to higher revenues from growth projects recently placed into service.
Loews
Loews
Loews Revenue by Segment
Revenue by Segment
CNA Financial Revenue
CapyFin.comBoardwalk Pipelines Revenue
CapyFin.comLoews Hotels & Co Revenue
CapyFin.com Forward Guidance
This press release contains forward-looking statements that are subject to risks and uncertainties, as detailed in the company's filings with the Securities and Exchange Commission.
Revenue & Expenses
Visualization of income flow from segment revenue to net income