Loews Corp: Q1 net income jumps 40%
(CercleFinance.com) - Loews Corporation has reported Q1 2022 net income of 338 million dollars, or 1.
36 dollar per share, up just over 40% from EPS of 97 cents in Q1 2021.
The conglomerate says its insurance subsidiary, CNA Financial, delivered strong operating earnings with higher non-catastrophe property and casualty underwriting results and lower catastrophe losses.
Loews Hotels posted a significant improvement in earnings, thanks to the recovery in travel following the Covid-19 pandemic, while Boardwalk Pipelines' earnings increased due to recently commissioned growth projects.
Copyright (c) 2022 CercleFinance.com. All rights reserved.
36 dollar per share, up just over 40% from EPS of 97 cents in Q1 2021.
The conglomerate says its insurance subsidiary, CNA Financial, delivered strong operating earnings with higher non-catastrophe property and casualty underwriting results and lower catastrophe losses.
Loews Hotels posted a significant improvement in earnings, thanks to the recovery in travel following the Covid-19 pandemic, while Boardwalk Pipelines' earnings increased due to recently commissioned growth projects.
Copyright (c) 2022 CercleFinance.com. All rights reserved.