Loews reports Q4 net income $446M ($1.99 EPS), up 26% YoY; repurchased 14M shares in 2023 for $852M

LOEWS CORP

2023-FY EPS reported $6.29 revenue$15,901,000,000

Q4 net income $446M ($1.99/sh) vs $355M ($1.49/sh) in Q4 2022, a 26% increase.
Full-year net income $1.434B ($6.29/sh) vs $822M ($3.38/sh) in 2022, up 74%.
Repurchased 14M shares for $852M in 2023; book value per share ex-AOCI $81.92, up 9% YoY.
CNA net income contribution to Loews up 57% to $336M; Boardwalk EBITDA up 5% to $260M; Loews Hotels Adj. EBITDA $83M.
CNA increased regular dividend to $0.44 and declared special dividend of $2.00; parent company cash and investments $2.6B.

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 full year of 2023 results: net income $1.4 billion, EPS $6.29 per share.

Period: the full year of 2023
Net income: $1.4 billion
EPS: $6.29 per share
Result: reported results

Exact text from the filing

Loews Corporation reported net income of $1,434 million, or $6.29 per share, compared to $822 million, or $3.38 per share.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LOEWS CORP reported the fourth quarter of 2023 results: net income $446 million, EPS $1.99 per share.

Period: the fourth quarter of 2023
Net income: $446 million
EPS: $1.99 per share
Result: reported results

Exact text from the filing

Loews Corporation reported net income of $446 million, or $1.99 per share, in the fourth quarter of 2023

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LOEWS CORP filing history →

Source: SEC EDGAR

accession 0000060086-24-000011

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