Loews Q4 2020 Earnings Report

Loews reported net income for Q4 2020, driven by CNA Financial Corporation's strong performance and contributions from Boardwalk Pipelines, while Loews Hotels & Co posted a net loss due to the COVID-19 pandemic.

Key Takeaways

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 net income of $397 million, or $1.45 per share, for Q4 2020.

CNA Financial Corporation's strong property and casualty underwriting results and net investment income drove net income.

Boardwalk Pipelines contributed positively to Loews’s quarterly results with proceeds from a contract cancellation and revenues from growth projects.

Loews Hotels & Co posted a net loss due to the revenue impact of the COVID-19 pandemic.

Total Revenue

$3.71B

Previous year: $3.88B