secwatch.observer — SEC 8-K summary
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Issuer:     LOEWS CORP (L)
CIK:        0000060086
Form:       8-K
Filed at:   2022-05-02T23:59:59+00:00
Accession:  0000060086-22-000020
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/60086/000006008622000020/0000060086-22-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/60086/000006008622000020/l-20220502.htm
  HTML page:      https://secwatch.observer/filing/0000060086-22-000020

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