Loews Corporation Q3 2024 Earnings Results and Analysis
Monday, 4 November 2024, 14:16
Loews Corporation Q3 Earnings Report: Key Highlights
Loews Corporation (NYSE: L), a diversified company encompassing businesses in insurance, energy, hospitality, and packaging, reported substantial earnings for Q3 2024.
Financial Results Summary
- Net income attributable to Loews increased to $401 million in Q3 2024, up from $253 million last year.
- Core income for the CNA subsidiary reached $293 million, slightly up from $289 million in Q3 2023.
- Q3 revenues soared to $4.47 billion, marking a 14% increase year-over-year.
- Per-share earnings climbed to $1.82 in Q3 2024, compared to $1.12 in the previous year.
- Adjusted net income grew by 38%, excluding a prior-year pension termination charge.
- Loews repurchased 0.8 million shares for $64 million this quarter.
These results demonstrate Loews Corporation's resilience and profitability in today's competitive financial landscape.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.