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Financial | Property & Casualty Insurance | USA,
Loews Breaks Down After It Swings to Fourth-Quarter Loss
The insurer swings to a loss of $165 million after reporting a profit in the year-ago period.
Shares of Loews Corp. (L - Get Report) were down 6.5% Monday after it swung to a fourth-quarter loss of $165 million.
...
Loews said total expenses in the quarter increased 13.7% year over year to $3.5 billion.
For the year, thanks in part to the tax reform benefit, the company's earnings jumped 42.3% to $1.99 a share while revenue rose 2.4% year over year to $14.1 billion.
https://www.thestreet.com/investing/earn...yptr=yahoo
![[Bild: Lc0dl1553.png]](https://finviz.com/publish/021119/Lc0dl1553.png)
Loews Breaks Down After It Swings to Fourth-Quarter Loss
The insurer swings to a loss of $165 million after reporting a profit in the year-ago period.
Shares of Loews Corp. (L - Get Report) were down 6.5% Monday after it swung to a fourth-quarter loss of $165 million.
...
Loews said total expenses in the quarter increased 13.7% year over year to $3.5 billion.
For the year, thanks in part to the tax reform benefit, the company's earnings jumped 42.3% to $1.99 a share while revenue rose 2.4% year over year to $14.1 billion.
https://www.thestreet.com/investing/earn...yptr=yahoo
