Loews Q4 2021 Earnings Report
Key Takeaways
Loews Corporation reported a net income of $343 million for the fourth quarter of 2021, compared to $397 million for the fourth quarter of 2020. The decrease was primarily due to lower net investment gains at CNA, lower results from CNA's Life & Group business, and higher net catastrophe losses, partially offset by higher Property & Casualty non-catastrophe underwriting results.
Loews reported fourth quarter net income of $343 million, or $1.37 per share.
CNA's results decreased due to lower net investment gains, lower results from the Life & Group business, and higher net catastrophe losses.
Boardwalk Pipelines’ earnings decreased mainly due to the absence of proceeds related to a customer bankruptcy.
Loews Hotels’ results improved significantly due to the rebound in leisure travel.
Loews
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Loews 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.