secwatch.observer — SEC 8-K summary
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Issuer:     LOEWS CORP (L)
CIK:        0000060086
Form:       8-K
Filed at:   2022-10-31T23:59:59+00:00
Accession:  0000060086-22-000104
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/60086/000006008622000104/0000060086-22-000104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/60086/000006008622000104/l-20221031.htm
  HTML page:      https://secwatch.observer/filing/0000060086-22-000104

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