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Dec 31, 2021
Loews Q4 2021 Earnings Report
Loews reported a solid fourth quarter and year, driven by progress in its consolidated subsidiaries and significant improvements in Loews Hotels' results due to the rebound in leisure travel.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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