earnings
confidence high
sentiment neutral
materiality 0.80
Loews Q4 net income $187M ($0.86/sh) vs $446M prior; full-year $1,414M; pension charge $265M
LOEWS CORP
2024-FY EPS reported
$6.41
revenue$17,510,000,000
- Full-year net income excl. pension charge $1,679M ($7.61/sh), up 17% YoY; book value per share excl. AOCI rose 7.6% to $88.18.
- Repurchased 7.7M shares for $611M in 2024; an additional 1.9M shares ($164M) bought in early Q1 2025.
- Boardwalk EBITDA $1.1B, up 17%; backlog surged to $14.2B from $9.7B at start of year, weighted avg 8-year term.
- CNA raised quarterly dividend to $0.46/sh and declared $2.00 special dividend ($611M to Loews); expects $40-70M pretax net loss from CA wildfires in Q1 2025.
- Loews Hotels opened first of three new Orlando resorts; two more due in H1 2025, adding 11,000 total rooms.