By Nicholas G. Miller
Loews Corporation reported higher third-quarter profit, boosted by lower catastrophe losses for its insurance subsidiary.
The New York-based operator of insurance, energy and hotel businesses posted net income of $504 million, or $2.43 a share, up from $401 million, or $1.82 a share, the year prior.
Revenue rose to $4.67 billion from $4.47 billion.
The company said net income from its CNA Financial Corporation subsidiary surged 43% to $371 million, driven by improved property and casualty underwriting results. The insurance provider benefited from lower catastrophe losses, improved underlying underwriting results and higher net investment income, it said.
Write to Nicholas G. Miller at nicholas.miller@wsj.com.
(END) Dow Jones Newswires
November 03, 2025 06:13 ET (11:13 GMT)
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