secwatch.observer — SEC 8-K summary
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Issuer:     LOEWS CORP (L)
CIK:        0000060086
Form:       8-K
Filed at:   2024-02-05T23:59:59+00:00
Accession:  0000060086-24-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/60086/000006008624000011/0000060086-24-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/60086/000006008624000011/l-20240205.htm
  HTML page:      https://secwatch.observer/filing/0000060086-24-000011

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