Loews reports higher profit on strong returns on investment income [Reuters]
Loews Corporation (L)
Last loews corporation earnings: 2/10 06:00 am
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US:NYSE Investor Relations:
ir.loews.com
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Source: Reuters
The company earns most of its revenue from its insurance unit CNA in which it holds an about 90% stake. WHY IT'S IMPORTANT U.S. government bonds have rallied on rising hopes of the U.S. Federal Reserve successfully executing a soft landing as inflation cools down and that has induced confidence among market participants. KEY QUOTE "CNA continues to experience strong profitable growth, reporting its highest ever first-quarter core income," said James S. Tisch, President and CEO, Loews Corporation. BY THE NUMBERS Investment income for the New York-based company rose to $669 million in the quarter ended March 31, from $569 million a year earlier. The income attributable to Loews in the reported quarter was $457 million, or $2.05 per share, up from $375 million, or $1.61 per share, a year earlier. Report this ad MARKET REACTION Shares in the company were flat in premarket trading. Get a daily digest of breaking business news straight to your inbox with the Reuters B
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News
- LOEWS CORPORATION ANNOUNCES QUARTERLY DIVIDEND ON COMMON STOCKPR Newswire
- Loews reports higher profit on strong returns on investment income [Yahoo! Finance]Yahoo! Finance
- LOEWS CORPORATION REPORTS NET INCOME OF $457 MILLION FOR THE FIRST QUARTER OF 2024PR Newswire
- Mindful Consumption Gets A Bespoke Feel With New Loews ‘Free Spirited' Program [Forbes]Forbes
- Loews Corporation to Release First Quarter 2024 Results on May 6, 2024PR Newswire
L
Sec Filings
- 5/16/24 - Form 4
- 5/14/24 - Form 4
- 5/14/24 - Form 4
- L's page on the SEC website