Loews

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.

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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

Loews (L) Q1 Earnings Beat Estimates, Revenues Rise Y/Y

Loews Corporation L reported first-quarter 2019 earnings of $1.27 per share, which beat the Zacks Consensus Estimate by 30.9% and increased 42.7% year over year.

The improvement stemmed from higher earnings contributed by CNA Financial CNA and Boardwalk Pipeline Partners, LP as well as higher parent company net investment income, which were partially offset by lower earnings at Diamond Offshore DO.

Behind the Headlines   

Operating revenues of $3.7 billion increased 4.3% year over year. Higher premiums and net investment income aided the top line.

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https://finance.yahoo.com/news/loews-l-q...TEOv6NRuHG

Loews (L) Q2 Earnings Surpass Estimates, Revenues Rise Y/Y

Loews Corporation L reported second-quarter 2019 earnings of 82 cents per share, which beat the Zacks Consensus Estimate by 9.3% and increased 13.9% year over year.

The improvement stemmed from higher earnings contributed by CNA Financial CNA and Boardwalk Pipeline, partially offset by lower parent company net investment income and decline in Diamond Offshore DO earnings.

Behind the Headlines 

Operating revenues of $3.6 billion increased 0.8% year over year. Higher insurance premiums and operating revenues and other aided the top line.

Total expenses increased nearly 2% year over year to $3.3 billion on higher insurance claims and policyholders' benefits as well as higher operating expenses.


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https://finance.yahoo.com/news/loews-l-q...02658.html

Loews (L) Q4 Earnings Beat Estimates, Revenues Rise Y/Y

Loews Corporation L reported fourth-quarter 2019 earnings of 73 cents per share, beating the Zacks Consensus Estimate by 1.4%. The bottom line came against the year-ago loss of 53 cents per share.

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Operating revenues of $3.8 billion increased 17.9% year over year. Higher insurance premiums, net investment income and investment gains aided the top line.

Total expenses inched up 2.3% year over year to $3.6 billion on higher operating expenses.

Book value excluding accumulated other comprehensive income as of Dec 31, 2019 was $65.94 per share, up 6.1% from $62.16 as of Dec 31, 2018.


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https://finance.yahoo.com/news/loews-l-q...02662.html

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