Welcome to our dedicated page for Loews news (Ticker: L), a resource for investors and traders seeking the latest updates and insights on Loews stock.
Loews Corporation (NYSE: L) is a diversified holding company with businesses in the insurance, energy, hospitality and packaging industries, and its news flow reflects this multi‑segment structure. On this page, investors can review Loews‑related press releases and third‑party coverage that discuss developments at the parent company and its major subsidiaries, including CNA Financial Corporation, Boardwalk Pipelines and Loews Hotels & Co.
Recent Loews news highlights include quarterly and year‑to‑date financial results, segment performance commentary, share repurchase activity and dividends on common stock. The company’s earnings releases break down contributions from CNA’s property and casualty insurance operations, Boardwalk’s natural gas and natural gas liquids transportation and storage business, and Loews Hotels’ hospitality operations, including the impact of new hotels, renovations and joint venture results. These releases also explain the use of non‑GAAP measures such as core income, EBITDA and Adjusted EBITDA.
Loews’ news stream also covers governance and board changes, such as the election of new directors and planned retirements, as well as legal and regulatory matters. For example, the company has issued updates on litigation related to its acquisition of minority limited partner interests in Boardwalk Pipelines and on AM Best’s credit rating actions for CNA Financial and its subsidiaries, which reference Loews as CNA’s ultimate parent and historical financial supporter.
By following this Loews news page, readers can track company announcements on financial performance, capital allocation, board composition, legal proceedings and ratings developments that may influence how the market views L stock and its underlying businesses over time.
Loews Corporation (NYSE: L) has appointed Ben Tisch as Senior Vice President of Corporate Development and Strategy, effective immediately. Tisch, who joined Loews in 2011, will manage the performance of subsidiaries and collaborate with the Chief Investment Officer, Richard Scott, on portfolio management for Loews and its subsidiary, CNA Financial. His experience includes leading strategic planning and overseeing capital allocation. Tisch has also played a key role in the significant sale of a stake in Altium Packaging to Singapore's sovereign wealth fund.
Loews Corporation (NYSE:L) reported a net income of $338 million, or $1.36 per share, for Q1 2022, a significant increase from $261 million or $0.97 per share in Q1 2021. This increase was driven by strong performances from CNA Financial, Boardwalk Pipelines, and Loews Hotels, with CNA reporting improved underwriting results despite lower net investment income. The company also repurchased 2.15 million shares at a cost of $129 million. However, book value per share decreased to $67.27 from $71.84 since December 2021.
Loews Corporation (NYSE: L) will announce its first quarter 2022 financial results on May 2, 2022, at 10:00 a.m. ET. The call will be hosted by CEO James S. Tisch and CFO David B. Edelson, allowing shareholders to submit questions in advance for potential discussion. Interested participants can join via phone or through a live webcast available on the Loews website. A replay will be accessible until May 23, 2023. Loews operates in various sectors including insurance, energy, hospitality, and packaging.
Loews Corporation (NYSE: L) declared a quarterly dividend of $0.0625 per share, payable on March 8, 2022. Shareholders of record as of February 23, 2022 will be eligible for this payment. Loews Corporation operates across various sectors including insurance, energy, hospitality, and packaging, showcasing its diversified business model.
Loews Corporation (NYSE:L) reported Q4 2021 net income of $343 million ($1.37 per share), down from $397 million ($1.45 per share) in Q4 2020. For 2021, net income reached $1.58 billion ($6.07 per share), a significant turnaround from a $931 million loss in 2020. CNA Financial's core income hit a record $1.1 billion. Q4 results were affected by decreased net investment gains and higher catastrophe losses. Book value per share rose to $71.84. The company repurchased 21.1 million shares at $1.13 billion in 2021.
Loews Corporation (NYSE: L) will announce its fourth quarter 2021 financial results on February 7, 2022, with a conference call starting at 10:00 a.m. ET. The call will feature CEO James S. Tisch and CFO David B. Edelson. Shareholders are encouraged to submit questions in advance for possible discussion during the call. The conference ID is L4Q21, and interested parties can access the live webcast on the Loews website. A replay will be available until February 28, 2022.
Loews Corporation (NYSE: L) announced a Delaware Court ruling regarding its 2018 acquisition of minority interests in Boardwalk Pipelines, determining that Loews breached the partnership agreement. The class of former Boardwalk unitholders was awarded approximately $690 million, plus interest. CEO James S. Tisch expressed disappointment, asserting the ruling misinterpreted the facts and law, and stated plans to appeal the decision.
Loews Corporation (NYSE: L) declared a quarterly dividend of $0.0625 per share of Common Stock. This dividend is payable on December 7, 2021, to shareholders of record as of the close of business on November 24, 2021. Loews operates in various sectors, including insurance, energy, hospitality, and packaging, showcasing its diversified business model.
Loews Corporation (NYSE: L) announced that its Chief Financial Officer, David B. Edelson, will step down in May 2022 after serving since 2014. Jane Wang, currently a Vice President at the company, will succeed him. Edelson will remain as a Senior Advisor to facilitate a smooth transition. James Tisch, the CEO, praised Edelson for his pivotal role in the company's transformation during his tenure. Wang has extensive experience in strategic planning and capital markets management and serves on the boards of several subsidiaries.
Loews Corporation (NYSE: L) reported a strong third quarter of 2021 with net income of $220 million, or $0.85 per share, up from $139 million, or $0.50 per share, in Q3 2020. For the nine months ending September 30, 2021, net income reached $1.24 billion, reflecting a significant recovery from a $1.33 billion loss in the same period of 2020. Key contributors included improvements in CNA Financial's underwriting results, Boardwalk Pipelines' increased revenues, and a rebound in Loews Hotels due to leisure travel. Book value per share rose to $70.21.