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Sep 30, 2022
Loews Q3 2022 Earnings Report
Loews Corporation reported net income for Q3 2022.
Key Takeaways
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 reported net income of $130 million, or $0.54 per share, for the third quarter of 2022.
CNA produced an underlying combined ratio of 91.1%.
Loews Hotels & Co continues to perform exceptionally well.
The Company repurchased 4.1 million shares of its common stock at an aggregate cost of $230 million.
Revenue by Segment
Forward Guidance
Statements contained in this press release which are not historical facts are “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements are inherently uncertain and subject to a variety of risks that could cause actual results to differ materially from those expected by management of the Company.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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