The company said Loews reported net income of $401 million ($1.82 per share) for Q3 2024, compared with $253 million ($1.12 per share) in Q3. It said net income excluding the $37 million charge for the termination of its defined benefit pension plan in the prior-year quarter grew 38%.

1. 01

   The company said Loews reported net income of $401 million ($1.82 per share) for Q3 2024, compared with $253 million ($1.12 per share) in Q3. It said net income excluding the $37 million charge for the termination of its defined benefit pension plan in the prior-year quarter grew 38%.

2. 02

   CNA's net income attributable to Loews rose 10% to $259 million from $235 million in Q3, the company said. It added that the Property and Casualty combined ratio was 97.2%, up 2.9 points from 94.3% a year earlier.

3. 03

   Loews said Boardwalk Pipelines' net income rose 57% to $77 million from $49 million in Q3, and its EBITDA increased 23% to $249 million. The company said Loews Hotels & Co posted a net loss of $8 million, compared with net income of $17 million a year earlier.

4. 04

   The company said it repurchased 0.8 million shares for $64 million in Q3 and bought an additional 1.2 million shares for $92 million in Q4. As of September 30, 2024, the parent company held cash and investments of $3.3 billion and debt of $1.8 billion.

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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