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.

Earnings data Q1 2021

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Earnings data Q3 2023

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Earnings data Q2 2024

Earnings data Q3 2024

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 , Sept. 19, 2023 /PRNewswire/ -- Loews Corporation (NYSE: L) announced today that Jonathan Locker has been elected a director of Loews and appointed as a member of its Audit Committee.

Loews Corporation Elects Jonathan Locker to Its Board of Directors

Loews Corp said on Monday its second-quarter profit more than doubled as a jump in investment income cushioned a hit from higher catastrophe losses in its insurance unit, CNA Financial.

Loews profit more than doubles as market rebound boosts investment returns

CNA Financial

Loews Corp. L reported Monday second-quarter profit and revenue that rose above expectations, as majority-owned insurer CNA Financial Corp. CNA posted higher earnings. Loews, the diversified company in the insurance, energy, hospitality and packaging industries, said net income rose to $360 million, or $1.58 a share, from $167 million, or 68 cents a share, in the year-ago period.

Loews' profit and revenue rise, as majority-owned CNA Financial posts higher income

NEW YORK , July 31, 2023 /PRNewswire/ -- Loews Corporation (NYSE: L) today released its second quarter 2023 financial results.  Second Quarter highlights:  Loews Corporation reported net income of $360 million, or $1.58 per share, in the second quarter of 2023 compared to $167 million, or $0.68 per share, in the second quarter of 2022.

LOEWS CORPORATION REPORTS NET INCOME OF $360 MILLION FOR THE SECOND QUARTER OF 2023

Loblaw Companies Limited (OTCPK:LBLCF) Q2 2023 Earnings Conference Call July 26, 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 George Doumet – Scotiabank Irene Nattel – RBC Capital Markets Mark Petrie – CIBC Tamy Chen – BMO Capital Markets Michael Van Aelst – TD Securities Vishal Shreedhar – National Bank Chris Li – Desjardins Operator Good morning, ladies and gentlemen, and welcome to the Loblaw Companies Limited Second Quarter 2023 Results Conference Call. At this time, all lines are in a listen-only mode.

Loblaw Companies Limited (LBLCF) Q2 2023 Earnings Call Transcript

NEW YORK , July 11, 2023 /PRNewswire/ -- Loews Corporation (NYSE: L) will report second quarter 2023 financial results on Monday, July 31, 2023. On that date the Company will also post earnings remarks on its website.

Loews Corporation to Release Second Quarter 2023 Results on July 31, 2023

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Loblaw Companies Limited (OTCPK:LBLCF) Q1 2023 Earnings Conference Call May 3, 2023 10:00 AM ET Company Participants Roy MacDonald - VP of IR Richard Dufresne - CFO Galen Weston - CEO Conference Call Participants George Doumet - Scotiabank Irene Nattel - RBC Capital Markets Michael Van Aelst - TD Mark Petrie - CIBC Peter Sklar - BMO Capital Markets Chris Li - Desjardins Vishal Shreedhar - National Bank Operator Good morning, ladies and gentlemen, and welcome to the Loblaw Companies Limited First Quarter 2023 Results Conference Call. At this time, all lines are in a listen-only mode.

Loblaw Companies Limited (LBLCF) Q1 2023 Earnings Call Transcript

Insurance companies like Progressive NYSE: PGR, Allstate Insurance NYSE: ALL, and even American International Group NYSE: AIG are, by their very nature, heavily dependent on the volumes of policy issues and the premiums collected upon said premiums. So Warren Buffett had a brilliant idea when he bought a significant stake in Geico Insurance to diversify the company's float (the accumulated cash collected from insurance premiums) and invest it into higher-performing vehicles instead of just money.

Loews Is The Insurance Company That Diversified Correctly

NEW YORK , May 1, 2023 /PRNewswire/ -- Loews Corporation (NYSE: L) today released its first quarter 2023 financial results. First  Quarter highlights: Loews Corporation reported net income of $375 million, or $1.61 per share, in the first quarter of 2023 compared to $322 million, or $1.29 per share, in the first quarter of 2022.

LOEWS CORPORATION REPORTS NET INCOME OF $375 MILLION FOR THE FIRST QUARTER OF 2023

NEW YORK , April 11, 2023 /PRNewswire/ -- Loews Corporation (NYSE: L) will report first quarter 2023 financial results on Monday, May 1, 2023. On that date the Company will also post earnings remarks on its website.

Loews Corporation to Release First Quarter 2023 Results on May 1, 2023

Loews Corporation has dipped down recently as CNA Financial has been affected and liquidity concerns have come into play. The company has an impressive portfolio of assets and we expect any downturn to be a part of long-term strength.

Loews Corporation: Buy The Dip, Hold The Course

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Loblaw Companies Limited (OTCPK:LBLCF) Q4 2022 Results Conference Call February 23, 2023 10:00 AM ET Company Participants Roy MacDonald - VP of IR Richard Dufresne - Chief Financial Officer Galen Weston - Chief Executive Officer Conference Call Participants Irene Nattel - RBC Capital Markets Kenric Tyghe - ATB Capital Markets Mark Petrie - CIBC Capital Markets George Doumet - Scotia Bank, GBM Michael Van Aelst - TD Securities Emily Foo - BMO Capital Markets Vishal Shreedhar - National Bank Chris Li - Desjardin Capital Markets Operator Good morning, ladies and gentlemen, and welcome to the Loblaw Companies Limited Fourth Quarter 2022 Results Conference Call. [Operator Instructions] This call is being recorded on Thursday, February 23, 2023.

Loblaw Companies Limited (LBLCF) Q4 2022 Earnings Call Transcript

12.7 MILLION COMMON SHARES REPURCHASED IN 2022 FOR $738 MILLION NEW YORK , Feb. 6, 2023 /PRNewswire/ -- Loews Corporation (NYSE: L) today released its fourth quarter 2022 financial results. Fourth  Quarter highlights: Loews Corporation reported net income of $364 million, or $1.53 per share, compared to $343 million, or $1.36 per share, in the fourth quarter of 2021.

LOEWS CORPORATION REPORTS NET INCOME OF $364 MILLION FOR THE FOURTH QUARTER OF 2022 AND $1.0 BILLION FOR THE FULL YEAR

NEW YORK , Jan. 24, 2023 /PRNewswire/ -- Loews Corporation (NYSE: L) will report fourth quarter 2022 financial results on Monday, February 6, 2023. On that date the Company will also post earnings remarks on its website.

Loews Corporation to Release Fourth Quarter 2022 Results on February 6, 2023

NEW YORK , Dec. 20, 2022 /PRNewswire/ -- Loews Corporation (NYSE: L) announced today that the Delaware Supreme Court reversed the November 2021 decision of the Delaware Court of Chancery that had awarded former minority unitholders in its Boardwalk Pipelines subsidiary approximately $690 million, plus interest. This award was in connection with Loews's 2018 acquisition of Boardwalk units.

LOEWS CORPORATION ANNOUNCES REVERSAL OF TRIAL COURT DECISION IN BOARDWALK PIPELINES ACQUISITION LITIGATION

Loblaw Companies Ltd (OTCPK:LBLCF) Q3 2022 Earnings Conference Call November 16, 2022 10:00 AM ET Company Participants Roy MacDonald - VP, IR Richard Dufresne - CFO Galen Weston - Executive Chairman, President & CEO Conference Call Participants Kunaal Gidwani - CIBC Michael Aelst - TD Securities Kenric Tyghe - ATB Capital Markets Peter Sklar - BMO Capital Markets Vishal Shreedhar - National Bank Financial George Doumet - Scotiabank Christopher Li - Desjardins Securities Operator Good morning, ladies and gentlemen, and welcome to the Loblaw Companies Limited Third Quarter 2022 Results Conference Call. [Operator Instructions].

Loblaw Companies Ltd (LBLCF) Q3 2022 Earnings Call Transcript

I wrote about Loews a few months back - an A-rated insurer in P&C that technically doesn't look all that bad from fundamentals. However, the company is in a sector where quality is not rare - and I prefer to continue to invest in quality here, that's also undervalued.

Loews: 'Hold' Was And Will Continue To Be The Right Choice

Second South Florida Hotel for New York Based Loews Hotels & Co CORAL GABLES, Fla. , Nov. 3, 2022 /PRNewswire/ -- Loews Hotels & Co, a wholly owned subsidiary of Loews Corporation (NYSE: L), today opens the Loews Coral Gables Hotel.

LOEWS CORAL GABLES OFFICIALLY OPENS ITS DOORS

Loews Corporation (NYSE:L ) Q3 2022 Earnings Conference Call October 31, 2022 10:00 AM ET Company Participants Chris Nugent - Investor Relations Jim Tisch - Chief Executive Officer Jane Wang - Chief Financial Officer Operator Good day, everyone, and welcome to today's Loews Corporation Q3 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Loews Corporation (L) Q3 2022 Earnings Call Transcript

Jonathan Tisch to Become Executive Chairman NEW YORK , Oct. 31, 2022 /PRNewswire/ -- Loews Hotels & Co, a wholly owned subsidiary of Loews Corporation (NYSE: L), announced that Alex Tisch will assume the role of CEO, effective January 1, 2023.  In his new role, Alex will continue to work closely with Jonathan Tisch, who will become Executive Chairman, while remaining a member of the Office of the President and Co-Chairman of the Board of Loews Corporation.

Loews Hotels & Co Appoints Alex Tisch CEO

NEW YORK , Oct. 31, 2022 /PRNewswire/ -- Loews Corporation (NYSE: L) announced today that CEO Jonathan (Jon) Tisch will assume the role of Executive Chairman and Alex Tisch will become President and Chief Executive Officer, effective Jan. 1, 2023. Jon Tisch will remain Co-Chairman of the Board of Loews Corporation, serving along with Andrew Tisch.

Loews Corporation announces management changes at Loews Hotels & Co: Jonathan Tisch to assume Executive Chairman Position; Alex Tisch to become President and CEO

NEW YORK , Oct. 31, 2022 /PRNewswire/ -- Loews Corporation (NYSE:L) today reported net income of $130 million, or $0.54 per share, for the third quarter of 2022, compared to net income of $220 million, or $0.85 per share, in the third quarter of 2021. Net income for the nine months ended September 30, 2022 was $648 million, or $2.64 per share, compared to net income of $1.2 billion, or $4.70 per share, for the nine months ended September 30, 2021.

LOEWS CORPORATION REPORTS NET INCOME OF $130 MILLION FOR THE THIRD QUARTER OF 2022

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The T Rowe Price Equity Income Fund (Trades, Portfolio), part of Baltimore-based T. Rowe Price Group Inc. (TROW), disclosed this week that is top sells during the third quarter included the closure of its positions in Citrix Systems Inc. ( CTXS , Financial) and Occidental Petroleum Corp. ( OXY , Financial) and reductions to its holdings of Xcel Energy Inc. ( XEL , Financial), Loews Corp. ( L , Financial) and United Parcel Service Inc. ( UPS , Financial).

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