Loews Q3 net income rises to $220M ($0.85/sh) from $139M; book value grows to $70.21

LOEWS CORP

2021-Q3 EPS reported $4.70 revenue$10,996,000,000

Q3 EPS $0.85 vs $0.50 YoY; net income $220M up from $139M.
Nine-month net income $1.24B vs net loss of $1.33B in prior year.
All three subsidiaries contributed: CNA non-cat underwriting improved; Boardwalk revenue up; Loews Hotels saw leisure rebound.
Book value per share rose to $70.21 from $66.34 at Dec 2020; ex-AOCI to $69.46 from $64.18.
Repurchased 6.2M shares in Q3 ($333M) and 0.1M shares post-quarter ($5M).

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