The company said Loews Corporation net income attributable to Loews was $369 million ($1.67 per share) for Q2 2024, compared with $360 million ($1.58 per share) for Q2 2023. Net income for the 6-month period totaled $826 million.

1. 01

   The company said Loews Corporation net income attributable to Loews was $369 million ($1.67 per share) for Q2 2024, compared with $360 million ($1.58 per share) for Q2 2023. Net income for the 6-month period totaled $826 million.

2. 02

   Loews said net income attributable to Loews from CNA was $291 million in Q2, improving 14% from $255 million, and Boardwalk net income was $70 million, up 23% from $57 million. The company cited higher re-contracting rates and completed growth projects as the reasons for the Boardwalk improvement.

3. 03

   The company said Loews Hotels & Co net income was $35 million in Q2, down from $74 million a year earlier, and that 2023 included a $36 million after-tax gain related to the consolidation of a joint venture property.

4. 04

   The company said it repurchased 2.4 million shares of common stock for a total of $180 million in Q2 2024, and that as of June 30, 2024 the parent company had $3.1 billion of cash and investments and $1.8 billion of debt.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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