Loews Q3 net income falls to $130M from $220M; book value declines on rate impact

LOEWS CORP

2022-Q3 EPS reported $2.64 revenue$10,251,000,000

Net income per share $0.54 vs $0.85 prior year; nine-month EPS $2.64 vs $4.70 (prior year included Altium gain).
Book value per share $58.14, down from $71.84 at year-end 2021; ex-AOCI rose to $74.11 from $71.09.
CNA's net contribution to Loews fell to $115M from $229M on investment losses and $87M Hurricane Ian catastrophe losses.
Loews Hotels net income doubled to $25M on travel rebound; Boardwalk Pipelines EBITDA rose 4% to $192M.
Repurchased 4.1M shares for $230M in Q3; additional 0.7M shares for $38M in October through Oct 28.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LOEWS CORP reported the third quarter of 2022 results: net income net income of $130 million, EPS $0.54 per share.

Period: the third quarter of 2022
Net income: net income of $130 million
EPS: $0.54 per share
Result: reported results

Exact text from the filing

Loews Corporation (NYSE:L) today reported net income of $130 million, or $0.54 per share, for the third quarter of 2022

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LOEWS CORP reported the nine months ended September 30, 2022 results: net income Net income for the nine months ended September 30, 2022 was $648 million, EPS $2.64 per share.

Period: the nine months ended September 30, 2022
Net income: Net income for the nine months ended September 30, 2022 was $648 million
EPS: $2.64 per share
Result: reported results

Exact text from the filing

Net income for the nine months ended September 30, 2022 was $648 million, or $2.64 per share, compared to net income of $1.2 billion, or $4.70 per share, for the nine months ended September 30, 2021.

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44 earnings releases filed in the last 30 days. Browse all earnings releases →

LOEWS CORP filing history →

Source: SEC EDGAR

accession 0000060086-22-000104

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