What's Going On With Insurance Company Loews' Shares Monday?
Loews Corp (NYSE:L) reported first-quarter FY24 net income of $457 million, up 22% Y/Y. EPS of $2.05 was higher than the year-ago figure of $1.61.
Revenues were $4.23 billion, higher than $3.78 billion a year ago.
CNA Financial Corp (NYSE:CNA) revenue contribution increased to $3.44 billion from $3.15 billion a year ago, and net income rose to $310 million from $268 million a year ago.
CNA’s net income benefited from higher net investment income and favorable net prior-year loss reserve development.
Boardwalk Pipelines segment’s revenues rose to $517 million from $397 million in the year-ago quarter, and net income rose to $121 million from $86 million the prior year.
Broadwa
