secwatch.observer — SEC 8-K summary
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Issuer:     LOEWS CORP (L)
CIK:        0000060086
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0000060086-24-000083
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Loews Q1 net income $457M ($2.05 EPS), +22% YoY; Boardwalk CEO Horton retiring in June
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- Net income $457M ($2.05 diluted EPS) vs $375M ($1.61) in Q1 2023, up 22% year-over-year.
- CNA contributed $310M (+16% YoY) driven by higher net investment income; core income $355M, up 9%.
- Boardwalk net income $121M (+41% YoY); EBITDA $307M (+20%); CEO Stan Horton retiring in June, succeeded by Scott Hallam.
- Loews Hotels net income $16M (down from $24M) due to lower Orlando occupancy and pre-opening expenses at new Arlington property.
- Parent company held $3.2B cash/investments; repurchased 0.9M shares for $67M since Q4 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/60086/000006008624000083/0000060086-24-000083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/60086/000006008624000083/l-20240506.htm
  HTML page:      https://secwatch.observer/filing/0000060086-24-000083

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