- Net income attributable to Loews increased to $401 million in Q3 from $253 million in the year-ago quarter
- Core income for the CNA subsidiary, on an adjusted basis, edged up to $293 million in the September quarter from $289 million in Q3 2023
- At $4.47 billion, third-quarter revenues were up 14% from the prior-year period
- On a per-share basis, Q3 earnings moved up to $1.82 per share from $1.12 per share in the third quarter of 2023
- Excluding the prior-year third quarter’s $37 million charge for the termination of Loews’s defined benefit pension plan, net income grew 38% year-over-year
- The company repurchased 0.8 million shares of its common stock during the quarter for a total cost of $64 million
Market News
Earnings Summary: Highlights of Loews Corporation’s (L) Q3 2024 report
Loews Corporation (NYSE: L), a diversified company with businesses in the insurance, energy, hospitality, and packaging industries, on Monday reported higher revenue and profit for the third quarter of 2024. Net income attributable to Loews increased to $401 million in Q3 from $253 million in the year-ago quarter Core income for the CNA subsidiary, on […]
NYSE
$L · Earnings
“Loews Corporation (NYSE: L), a diversified company with businesses in the insurance, energy, hospitality, and packaging industries, on Monday reported higher revenue and profit for the third quarter of 2024. Net income attributable to Loews increased to $401 million in Q3 from $253 million in the year-ago quarter Core income for the CNA subsidiary, on […]
· November 4, 2024
Loews Corporation (NYSE: L), a diversified company with businesses in the insurance, energy, hospitality, and packaging industries, on Monday reported higher revenue and profit for the third quarter of 2024.
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