Welcome to our dedicated page for Loews Corporation news (Ticker: L), a resource for investors and traders seeking the latest updates and insights on Loews Corporation stock.
Loews Corporation (NYSE: L) stands as a multifaceted holding company with diverse business operations. Its primary subsidiaries include CNA Financial Corporation (NYSE: CNA), a prominent property and casualty insurance entity providing services such as risk management, information services, and claims administration. Another significant subsidiary, Diamond Offshore Drilling, Inc. (NYSE: DO), specializes in offshore oil and gas drilling rigs, catering to key players in the energy sector. Additionally, Loews owns Boardwalk Pipeline Partners, LP (NYSE: BWP), which excels in the transportation, storage, and processing of natural gas and natural gas liquids.
Furthermore, Loews Corporation wholly owns Loews Hotels & Resorts, a hospitality chain extending its reach across various strategic locations in the U.S. and beyond. The company champions a progressive, employee-centric work environment, fostering a culture where innovation and collaboration thrive.
In recent developments, Loews Corporation reported net income of $253 million for the third quarter of 2023, marking a substantial turnaround from a net loss in the same period of the previous year. This financial uplift is attributed to focused strategic initiatives and efficient operational management across its subsidiaries.
The company recently expanded its hospitality footprint with the opening of the Loews Arlington Hotel and Convention Center in Texas. This state-of-the-art facility features 888 guest rooms, extensive meeting spaces, and modern amenities, reinforcing Loews' commitment to excellence in the hospitality industry.
Loews Corporation invites stakeholders to stay informed about its continuous growth and financial health, consistently delivering valuable updates and insights through its official channels. Visit www.loews.com for more information.
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.
Loews Corporation (NYSE: L) announced that Andrew H. Tisch will retire from the Office of the President at the end of 2021, after 50 years with the company. He will remain on the board as Co-Chairman and continue his role at CNA Financial. Tisch has been instrumental in the company’s financial management and corporate development. Both James S. Tisch and Jonathan M. Tisch expressed gratitude for his contributions, particularly in the hotel sector.
Loews Corporation operates in insurance, energy, hospitality, and packaging industries.
Loews Corporation (NYSE: L) will announce its third quarter 2021 financial results on November 1, 2021. The conference call for investors will commence at 10:00 a.m. ET, hosted by CEO James S. Tisch and CFO David B. Edelson. Shareholders can submit questions in advance to be potentially addressed during the call. Live webcasting of the call will be available on the company's website, and a replay will be accessible until December 22, 2021.
Loews is a diversified company engaged in insurance, energy, hospitality, and packaging.
On October 12, 2021, Loews Hotels & Co commenced construction on the $550 million Loews Arlington Hotel and Convention Center in Arlington, Texas. This full-service resort aims to bolster the city’s appeal as a top destination for conventions and leisure travel, complementing existing attractions like AT&T Stadium. Scheduled to open in early 2024, the hotel will feature 888 guestrooms, vast meeting spaces, and various dining options, furthering Loews' commitment to the travel and tourism sector's recovery post-pandemic.
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