secwatch.observer — SEC 8-K summary
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Issuer:     LOEWS CORP (L)
CIK:        0000060086
Form:       8-K
Filed at:   2022-08-01T23:59:59+00:00
Accession:  0000060086-22-000073
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Loews Q2 EPS $0.73 vs $2.86; prior year included $438M Altium gain; book value down to $62.90
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- Net income $180M ($0.73) vs $754M ($2.86) in Q2 2021; adjusted net income excluding Altium gain was $316M.
- Book value per share fell to $62.90 from $71.84 at Dec 31, 2021, impacted by rising rates on CNA's bond portfolio.
- CNA net income to Loews down $147M to $183M; underlying combined ratio improved to 90.8%.
- Loews Hotels net income swung to $44M from -$21M, aided by travel rebound and full occupancy at Universal Orlando.
- Repurchased 6.3M shares in H1 2022 ($384M); an additional 1.3M shares ($75M) bought through July 29.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/60086/000006008622000073/0000060086-22-000073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/60086/000006008622000073/l-20220801.htm
  HTML page:      https://secwatch.observer/filing/0000060086-22-000073

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