Overview
Loews Q3 net income rises 26% yr/yr to $504 mln
CNA Financial's net income up 43% yr/yr due to improved underwriting
Loews repurchased 0.6 mln shares for $56 mln in Q3
Outlook
Company did not provide specific financial guidance for future periods
Result Drivers
CNA FINANCIAL - Net income increased 43% yr/yr due to improved underwriting and lower catastrophe losses
BOARDWALK PIPELINES - Net income rose 22% yr/yr from higher re-contracting rates and growth projects
LOEWS HOTELS - Results improved due to higher equity income from Universal Orlando Resort joint ventures
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 REVENUE | $4.67 bln | ||
Q3 EPS | $2.43 | ||
Q3 Net Income Attributable | $504 mln |
Press Release: ID:nPn6vMp0na
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)