Loews up after CEO change, higher Q2 profit

Loews

29/07/2024 13:54

** Shares of insurance company Loews Corp  L.N  rise 6.1% to
$85 in premarket trade 
    ** Loews names new CEO and reports higher quarterly profit
on strong premiums and investment income
    ** CEO James Tisch retires on Dec. 31, and his son Benjamin
Tisch will take the helm
    ** Loews' investment income rose to $639 million in the
quarter ended June 30, from $592 million a year earlier
    ** Profit attributable to Loews in the quarter was $369
million, or $1.67 per share, up from $360 million, or $1.58 per
share, a year earlier.
    ** As of last close, Loews up ~13% YTD

 (Reporting by Pritam Biswas in Bengaluru)
 ((Pritam.Biswas@thomsonreuters.com))