- Reuters
Loews reports higher profit on strong returns on investment income
U.S. government bonds have rallied on rising hopes of the U.S. Federal Reserve successfully executing a soft landing as inflation cools down and that has induced confidence among market participants. "CNA continues to experience strong profitable growth, reporting its highest ever first-quarter core income," said James S. Tisch, President and CEO, Loews Corporation. Investment income for the New York-based company rose to $669 million in the quarter ended March 31, from $569 million a year earlier.
- Insider Monkey
Loews Corporation (NYSE:L) Q4 2023 Earnings Call Transcript
Loews Corporation (NYSE:L) Q4 2023 Earnings Call Transcript February 5, 2024 Loews Corporation isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Ladies and gentlemen, good day, and welcome to the CNA Fourth Quarter 2023 Earnings Conference Call. All participants will […]
- Reuters
Loews fourth-quarter profit jumps on investment income gains
U.S. government bonds rallied at the end of last year on expectations that the Federal Reserve will start cutting interest rates in 2024 as inflation cools and the economy slows. Investment income for the New York-based company rose to $643 million in the quarter ended Dec. 31, from $600 million a year earlier. A ratio below 100% means an insurer earned more in premiums than it paid out in claims.
