Loews Q2 2021 Earnings Report

Loews reported a net income of $754 million for the second quarter of 2021, compared to a net loss of $835 million for the same period in 2020.

Key Takeaways

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 net income of $754 million, or $2.86 per share, for the second quarter of 2021.

CNA Financial Corporation's performance was a key driver, with lower net catastrophe losses, improved net investment income, and higher underwriting results.

Boardwalk Pipelines contributed positively due to increased revenues from recently completed growth projects.

Loews Hotels & Co posted improved year-over-year results due to the rebound in travel.

Total Revenue

$4B

Previous year: $2.31B

+73.3%

EPS

$1.2

Previous year: -$2.93

-141.0%

Gross Profit

$2.81B