Loews

Loews Corp. operates as a holding company, which engages in the oil and gas business. It operates through the following segments: CNA Financial, Diamond Offshore, Boardwalk Pipeline, Loews Hotels and Corporate. The CNA Financial segment offers property, casualty, insurance, and underwriting services. The Diamond Offshore segment manages drilling rigs. The Boardwalk Pipeline segment transports and stores natural gas and natural gas liquids. The Loews Hotels segment operates restaurants and a chain of hotels. The Corporate segment includes investment income and interest expenses. The company was founded by Laurence A. Tisch and Preston Robert Tisch in 1954 and is headquartered in New York, NY.

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Earnings data Q4 2024

Loews posts stellar Q4 results, CNA Financial shows resilience

Loews and its subsidiaries, including CNA Financial, reported strong financial performance in Q4 2022.
While facing challenges such as unresolved litigation and declining book value per share, opportunities for growth and improvement are evident.
Strategic capital allocation decisions and record earnings from subsidiaries position Loews well for future success.

Loews reports robust Q1 earnings, eyes growth amidst legal challenges

Loews delivered impressive Q1 results with strong performances from CNA, Boardwalk, and Loews Hotels. While facing legal and cost challenges, the company's strategic initiatives and market positions offer growth opportunities.

Loews reports strong Q2 performance, eyes share repurchases for growth

Loews and its subsidiaries showed strong performance in Q2 2023, with CNA and Boardwalk driving growth. Challenges include higher expenses impacting Loews Hotels' EBITDA. Opportunities lie in share repurchases and the ongoing construction of Loews Arlington Hotel.

Loews reports robust Q3 results, CNA's growth drives performance

Loews and CNA showcased strong performances in Q3, with growth and improved results across subsidiaries.
CNA's strategic actions in managing its long-term care business and investment portfolio are driving positive outcomes.
Loews Hotels' significant investments in growth projects and upcoming room additions position the company for continued success.
Despite challenges like lower market valuation, both Loews and CNA are capitalizing on opportunities for growth and value creation.

Loews reports stellar Q4 earnings, CNA and Boardwalk shine

Loews delivered strong financial performance in Q4 2023, with notable growth in earnings per share and core income across subsidiaries. CNA and Boardwalk Pipelines stood out with record results, while Loews Hotels showed improved profitability. Share repurchases signal confidence in the company's value and growth potential.

Loews reports exceptional Q1 results, eyes growth opportunities ahead

Loews delivered strong financial performance in Q1 2024, driven by robust results at CNA and Boardwalk. Despite challenges in the hotel sector, the company remains financially stable with significant cash reserves. Opportunities for growth exist through new hotel openings and potential strategic shifts at Boardwalk.

Loews reports strong Q2 earnings, leadership transitions present growth opportunities

Loews and its subsidiaries demonstrated robust financial performance in Q2 2024, with strong net income and book value growth.
While facing challenges in certain segments like Loews Hotels, the company's overall liquidity and financial position remain solid.
The leadership transitions at Loews and CNA Financial offer opportunities for new strategies and growth initiatives under new management.

Loews reports robust Q3 earnings, eyes growth in energy sector

Loews' Q3 performance reflects strong financial results and strategic initiatives across its subsidiaries, signaling resilience and growth potential.
While leadership changes and market challenges may pose risks, the company's strengths in diverse sectors and forward-looking approach present opportunities for sustained success.
By capitalizing on the demand for natural gas and expanding its presence in key markets, Loews is poised to navigate challenges and drive future value creation.

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Loews Corp. is a holding company, which engages in the business of commercial property and casualty insurance, transportation and storage of natural gas and natural gas liquids, and operation of a chain of hotels. It operates through the following segments: CNA Financial, Boardwalk Pipelines, Loews Hotels and Co, and Corporate. The CNA Financial segment is involved in the sale of property and casualty insurance products and services, including surety, primarily through a network of independent agents, brokers, and managing general underwriters. The Boardwalk Pipelines segment focuses on midstream portion of the natural gas and NGLs industry, providing transportation, and storage for those commodities. The Loews Hotels and Co segment refers to a chain of hotels, which are in the United States and one of which is in Canada. The Corporate segment consists of investment income from the parent company’s cash and investments, parent company interest expense, and other unallocated parent company expenses. The company was founded by Laurence A. Tisch and Preston Robert Tisch on November 12, 1969 and is headquartered in New York, NY.

NEW YORK , Nov. 12, 2024 /PRNewswire/ -- Loews Corporation (NYSE: L) announced today the declaration of the Company's quarterly dividend of $0.0625 per share of Common Stock, payable December 10, 2024 to shareholders of record as of the close of business on November 27, 2024. Loews Corporation is a diversified company with businesses in the insurance, energy, hospitality, and packaging industries.

LOEWS CORPORATION ANNOUNCES QUARTERLY DIVIDEND ON COMMON STOCK

CNA Financial

NEW YORK , Nov. 4, 2024 /PRNewswire/ -- Loews Corporation (NYSE: L) today released its third quarter 2024 financial results. Third Quarter 2024 highlights: Loews Corporation reported net income of $401 million, or $1.82 per share, in the third quarter of 2024, compared to $253 million, or $1.12 per share, in the third quarter of 2023.

LOEWS CORPORATION REPORTS NET INCOME OF $401 MILLION FOR THE THIRD QUARTER OF 2024

NEW YORK , Oct. 15, 2024 /PRNewswire/ -- Loews Corporation (NYSE: L) will report third quarter 2024 financial results on Monday, November 4, 2024. On that date the Company will also post earnings remarks on its website.

Loews Corporation to Release Third Quarter 2024 Results on November 4, 2024

NEW YORK--(BUSINESS WIRE)-- #SaaS--ROH, the hospitality industry's first payments and revenue management platform designed to help hotels increase profitability, today announced that Loews Arlington has selected ROH to streamline its sales operations. With increased visibility and less manual work, sales team members can be more proactive with clients, improving their overall experience across both Live! By Loews - Arlington, Texas and the co-located Loews Arlington Hotel & Convention Center. With.

Loews Arlington Selects ROH to Streamline Sales Operations and Payment Processing

NEW YORK--(BUSINESS WIRE)-- #SaaS--ROH, the hospitality industry's first payments and revenue management platform designed to help hotels increase profitability, today announced that Loews Miami Beach Hotel, an iconic hotel with an enviable oceanfront location, has selected ROH to streamline operations and empower its sales and finance team. With ROH, these teams gain visibility into critical aspects of the entire payment journey of contracted bookings and the tools to seamlessly take action, directly.

Loews Miami Beach Hotel Selects ROH to Increase Booking Conversions, Improve Cross-Department Visibility and Reduce Aging AR

NEW YORK , Sept. 9, 2024 /PRNewswire/ -- Loews Corporation (NYSE: L) announced today that the Delaware Court of Chancery found no liability in connection with Loews's 2018 acquisition of the minority limited partner interests in its Boardwalk Pipelines subsidiary.

Loews Corporation Announces Favorable Resolution of Boardwalk Pipelines Acquisition Litigation

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Loews said on Monday that James Tisch will hand over the CEO role to his son after 25 years at the helm. The company also reported a 2.5% jump in its quarterly profit, helped by a rise in insurance premiums and higher returns on its investments.

Loews profit rises on strong premiums and investment income; names new CEO

NEW YORK , July 29, 2024 /PRNewswire/ -- Loews Corporation (NYSE: L) today released its second quarter 2024 financial results. Second Quarter 2024 highlights: Loews Corporation reported net income of $369 million, or $1.67 per share, in the second quarter of 2024, compared to $360 million, or $1.58 per share, in the second quarter of 2023.

LOEWS CORPORATION REPORTS NET INCOME OF $369 MILLION FOR THE SECOND QUARTER OF 2024

James Tisch to retire as President & CEO as of December 31, 2024; Loews Board elects Benjamin Tisch as President & CEO;  James Tisch will become Chairman of the Board of Directors NEW YORK , July 29, 2024 /PRNewswire/ -- Loews Corporation (NYSE: L) announced today that, as part of its leadership succession plan, on December 31, 2024, James Tisch will retire as President and CEO and will be succeeded by Benjamin Tisch, current Senior Vice President, Corporate Development and Strategy. As part of the leadership transition, James Tisch will become Chairman of the Board of Directors, and Benjamin Tisch and Loews Hotels & Co's CEO Alexander Tisch will join the Board.

Loews Corporation Announces CEO Transition:

NEW YORK, July 9, 2024 /PRNewswire/ -- Loews Corporation (NYSE: L) will report second quarter 2024 financial results on Monday, July 29, 2024. On that date the Company will also post earnings remarks on its website.

Loews Corporation to Release Second Quarter 2024 Results on July 29, 2024

NEW YORK, May 6, 2024 /PRNewswire/ -- Loews Corporation (NYSE: L) today released its first quarter 2024 financial results. First Quarter 2024 highlights: Loews Corporation reported net income of $457 million, or $2.05 per share, in the first quarter of 2024, which represents a 22% increase over $375 million, or $1.61 per share, in the first quarter of 2023.

LOEWS CORPORATION REPORTS NET INCOME OF $457 MILLION FOR THE FIRST QUARTER OF 2024

NEW YORK , April 16, 2024 /PRNewswire/ -- Loews Corporation (NYSE: L) will report first quarter 2024 financial results on Monday, May 6, 2024. On that date the Company will also post earnings remarks on its website.

Loews Corporation to Release First Quarter 2024 Results on May 6, 2024

$550 Million Hotel Development is Loews' Second Loews Property in the Metroplex, adding 888 rooms and 266,000 square feet of function space to Arlington's Entertainment District ARLINGTON, Texas , Feb. 13, 2024 /PRNewswire/ -- Loews Hotels & Co, a wholly owned subsidiary of Loews Corporation (NYSE: L), today opens the Loews Arlington Hotel and Convention Center. The hotel is Loews' second and largest hotel in Arlington, Texas and the first-of-its-kind in the market, ushering a new era of hospitality to North Texas.

Loews Arlington Hotel and Convention Center Officially Opens Its Doors

Loews Corporation (L) Q4 2023 Earnings Call Transcript

Loews Corp on Monday reported a near 26% jump in fourth-quarter profit, as higher premiums and a market rally at the end of last year helped the insurer earn more on its investments.

Loews fourth-quarter profit jumps on investment income gains

14.0 MILLION COMMON SHARES REPURCHASED IN 2023 FOR $852 MILLION NEW YORK, Feb. 5, 2024 /PRNewswire/ -- Loews Corporation (NYSE: L) today released its fourth quarter 2023 financial results.  Fourth Quarter highlights: Loews Corporation reported net income of $446 million, or $1.99 per share, in the fourth quarter of 2023, which represents a 26% increase over $355 million, or $1.49 per share, in the fourth quarter of 2022.

LOEWS CORPORATION REPORTS NET INCOME OF $446 MILLION FOR THE FOURTH QUARTER OF 2023 AND $1.4 BILLION FOR THE FULL YEAR

NEW YORK , Jan. 16, 2024 /PRNewswire/ -- Loews Corporation (NYSE: L) will report fourth quarter 2023 financial results on Monday, February 5, 2024. On that date the Company will also post earnings remarks on its website.

Loews Corporation to Release Fourth Quarter 2023 Results on February 5, 2024

Loblaw Companies Limited (OTCPK:LBLCF) Q3 2023 Earnings Conference Call November 15, 2023 10:00 AM ET Company Participants Roy MacDonald - Vice President-Investor Relations Galen Weston - Chairman and President Richard Dufresne - Chief Financial Officer Conference Call Participants Irene Nattel - RBC Capital Markets Michael Van Aelst - TD Cowen Tamy Chen - BMO Capital Markets George Doumet - Scotiabank Mark Petrie - CIBC Vishal Shreedhar - National Bank Financial Chris Li - Desjardins Operator Good morning, ladies and gentlemen. Thank you for standing by.

Loblaw Companies Limited (LBLCF) Q3 2023 Earnings Call Transcript

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Loews (NYSE:L) has reported a strong recovery in third-quarter revenue and earnings, supported by its insurance business and higher investment income. The conglomerate grew revenue to $3.93 billion for the three months to September 30, 2023, up from $3.46 billion in 3Q 2022.

Loews reports strong 3Q earnings, supported by insurance operations

Loews Corp on Monday reported a profit in the third quarter compared to a loss a year earlier, boosted by higher investments and insurance unit CNA Financial's strong performance.

Loews posts Q3 profit on higher investment income, insurance premium

NEW YORK , Oct. 30, 2023 /PRNewswire/ -- Loews Corporation (NYSE: L) today released its third quarter 2023 financial results. Third  Quarter highlights:  Loews Corporation reported net income of $253 million, or $1.12 per share, in the third quarter of 2023 compared to a net loss of $22 million, or $0.09 per share, in the third quarter of 2022.

LOEWS CORPORATION REPORTS NET INCOME OF $253 MILLION FOR THE THIRD QUARTER OF 2023

LOS ANGELES--(BUSINESS WIRE)--After a historic summer of strikes, UNITE HERE Local 11 and Loews Hollywood have reached a tentative agreement. The Loews Hollywood joins the Westin Bonaventure and the historic Biltmore Los Angeles in signing an agreement with their workers. “I am extremely glad we came to an agreement that helps us and the hotel move forward,” said Maria Camarena, housekeeper of 21 years. “My coworkers and I never gave up, and we will continue to support other hotel workers as th.

Loews Hollywood Reaches Union Agreement with UNITE HERE Local 11; Strikes Continue in Downtown LA and Other SoCal Hotels

NEW YORK , Oct. 10, 2023 /PRNewswire/ -- Loews Corporation (NYSE: L) will report third quarter 2023 financial results on Monday, October 30, 2023. On that date the Company will also post earnings remarks on its website.

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