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Loews Clocks Strong Q2 Performance, CEO James Tisch To Retire, Benjamin Tisch Named Successor
Loews Corp (NYSE:L) reported second-quarter 2024 net income of $369 million, up 2.5% year-over-year. EPS was $1.67, up from $1.58 year-ago.
Revenues grew to $4.27 billion from $3.39 billion a year ago.
CNA Financial Corp (NYSE:CAN) revenue contribution increased to $3.52 billion from $3.30 billion a year ago, and net income rose to $291 million from $255 million a year ago.
CNA’s net income attributable to Loews improved year-over-year due to higher net investment income partially offset by higher catastrophe losses.
Boardwalk Pipelines segment’s revenues rose to $488 million from $365 million in the year-ago quarter, and net income ...