Loews Q1 net income $338M ($1.36/sh), up 30% YoY; book value ex-AOCI rises to $72.34

LOEWS CORP

2022-Q1 EPS reported $1.36 revenue$3,402,000,000

Net income $338M ($1.36 EPS) vs $261M ($0.97 EPS) in Q1 2021; income before investment gains $341M (up 57%).
Book value per share $67.27, down from $71.84; ex-AOCI book value rose to $72.34 from $71.09.
CNA, Boardwalk Pipelines, Loews Hotels all delivered strong results; hotel occupancy recovering, especially at Universal Orlando.
Repurchased 2.15M shares for $129M in Q1; additional 0.3M for $19M in April.
Parent company investment portfolio recorded a loss; corporate segment benefited from absence of Altium-related charges.

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