secwatch.observer — SEC 8-K summary
======================================

Issuer:     LOEWS CORP (L)
CIK:        0000060086
Form:       8-K
Filed at:   2022-02-07T23:59:59+00:00
Accession:  0000060086-22-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Loews reports Q4 net income $343M, down from $397M; full year net $1.58B, repurchases $1.13B
--------------------------------------------------------------------------------

- Q4 2021 net income $343M ($1.37/sh), down from $397M ($1.45/sh) in Q4 2020.
- Full year 2021 net income $1.58B ($6.07/sh) vs net loss of $931M ($3.32/sh) in 2020.
- Excluding special items, adjusted full year net income $1.1B in 2021 vs $502M in 2020.
- Repurchased 21.1M shares for $1.13B in 2021; additional 0.2M shares bought back in Jan-Feb 2022.
- Book value per share $71.84 at Dec 31, 2021, up from $66.34 a year earlier.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/60086/000006008622000005/0000060086-22-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/60086/000006008622000005/l-20220207.htm
  HTML page:      https://secwatch.observer/filing/0000060086-22-000005

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer