Loews Corp. (L) Tops Q4 EPS by 1c
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Loews Corporation Reports Net Income Of $932 Million For 2019
February 10, 2020 6:00 AM ESTNEW YORK, Feb. 10, 2020 /PRNewswire/ --Â Loews Corporation (NYSE: L) today reported net income for the year ended December 31, 2019 of $932 million, or $3.07 per share, compared to $636 million, or $1.99 per share, in 2018. For the three months ended December 31, 2019, Loews reported net income of $217 million, or $0.73 per share, compared to a net loss of $165 million, or $0.53 per share, in the prior year period.
Net income for the year ended December 31, 2019 increased due to higher earnings at CNA Financial Corporation and Boardwalk Pipelines, as well as higher parent company net investment income. These increases... More
