Loews said net income attributable to Loews Corporation for 2024 was $1.4 billion, or $6.41 diluted net income per share, compared to net income attributable to Loews Corporation of $1.4 billion, or $6.29 diluted net income per share, in 2023. Net income attributable to Loews Corporation for 2024 includes a $265 million after-tax and noncontrolling interests pension settlement charge for CNA.

1. 01

   Loews said net income attributable to Loews Corporation for 2024 was $1.4 billion, or $6.41 diluted net income per share, compared to net income attributable to Loews Corporation of $1.4 billion, or $6.29 diluted net income per share, in 2023. Net income attributable to Loews Corporation for 2024 includes a $265 million after-tax and noncontrolling interests pension settlement charge for CNA.

2. 02

   The company said net income attributable to Loews Corporation at CNA decreased $215 million in 2024, primarily due to a pension settlement charge of $265 million and higher catastrophe losses. Net income attributable to Loews Corporation at Boardwalk Pipelines increased $130 million and EBITDA increased $157 million.

3. 03

   Loews said net income attributable to Loews Corporation at Loews Hotels & Co decreased $77 million in 2024. Results for 2023 included a gain of $46 million ($36 million after tax) related to the acquisition of an additional equity interest in, and the consolidation of, a previously unconsolidated joint venture property. Net income attributable to Loews Corporation at Corporate increased $142 million.

4. 04

   The company said Parent Company cash and investments, net of receivables and payables, totaled $3.3 billion as of December 31, 2024, compared to $2.6 billion at the end of the prior year. In 2024, it received $1.3 billion in cash dividends from subsidiaries and paid $608 million to fund treasury stock purchases.

Key figures

Fiscal year ended December 31, 2024

Revenue

$2.9B

Net income

$1.4B

EPS

$6.41

Operating cash flow

$3.0B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.