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Sep 30, 2024
Loews Q3 2024 Earnings Report
Loews reported net income for Q3 2024, driven by increases at CNA, Boardwalk, and investment income at the parent company, offset by a decrease at Loews Hotels.
Key Takeaways
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 net income of $401 million, or $1.82 per share, in Q3 2024, compared to $253 million, or $1.12 per share, in Q3 2023.
CNA Financial Corporation’s net income attributable to Loews improved year-over-year due to higher net investment income partially offset by higher catastrophe losses.
Boardwalk Pipelines’ results improved year-over-year mainly due to increased revenues from re-contracting at higher rates and recently completed growth projects.
Loews Hotels’ results decreased primarily due to an impairment charge recorded by a joint venture property.
Revenue by Segment
Forward Guidance
Loews had another good quarter. Boardwalk continues to benefit from favorable industry tailwinds that have led to higher re-contracting rates and robust pipeline flows. CNA performed well despite elevated industry catastrophe losses.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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