Diversified holding company Loews' Q3 net income up 26%

Loews

03/11/2025 11:08

Overview

Loews Q3 net income rises 26% yr/yr to $504 mln

CNA Financial's net income up 43% yr/yr due to improved underwriting

Loews repurchased 0.6 mln shares for $56 mln in Q3

Outlook

Company did not provide specific financial guidance for future periods

Result Drivers

CNA FINANCIAL - Net income increased 43% yr/yr due to improved underwriting and lower catastrophe losses

BOARDWALK PIPELINES - Net income rose 22% yr/yr from higher re-contracting rates and growth projects

LOEWS HOTELS - Results improved due to higher equity income from Universal Orlando Resort joint ventures

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 REVENUE
$4.67 bln
Q3 EPS
$2.43
Q3 Net Income Attributable
$504 mln


Press Release: ID:nPn6vMp0na

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)