NYSE$L
Loews Corp · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Loews Corporation reported a net loss for the first quarter of 2020, impacted by drilling rig impairment charges, a decline in net investment income, net investment losses, and decreased results from Loews Hotels & Co, further affected by the COVID-19 pandemic.
Loews Corporation reported a net loss of $632 million for the first quarter of 2020, a significant decrease compared to the net income of $394 million in the same period of 2019. The results were primarily affected by drilling rig impairment charges from Diamond Offshore, a decline in net investment income from CNA Financial and the parent company, net investment losses from CNA, and decreased results from Loews Hotels & Co, with the COVID-19 pandemic further impacting the company's performance.
- Loews Corporation reported a net loss of $632 million, or $2.20 per share, for Q1 2020, compared to a net income of $394 million, or $1.27 per share, in Q1 2019.
- Drilling rig impairment charges from Diamond Offshore Drilling, Inc. contributed to a $408 million loss.
- Net investment income from CNA Financial Corporation and the parent company declined by $363 million.
- The COVID-19 pandemic significantly affected Loews' results in the first quarter of 2020, particularly impacting Loews Hotels & Co.
Headline financials
Revenue & EPS history
Loews · Revenue · Quarterly
$3.1B
Revenue by segment
Loews · $2.87B total across 4 segments · Q1 2020
- CNA Financial$2.29B—80.0%
- Boardwalk Pipelines$341M—11.9%
- Loews Hotels & Co$142M—5.0%
- Investment Income$91M—3.2%
Forward guidance
Loews expects to record a significant non-cash loss in the second quarter of 2020 to recognize the difference between the carrying value and estimated fair value of our interest in Diamond Offshore.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
+0.2%
Avg return
Earnings day
+1.0%
Avg return
5 days after
+1.1%
Avg return
30 days after
49%
33 / 67 earnings
Positive
+9.3%
Q3 2020
Best reaction
-6.2%
Q1 2026
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -6.2% | -6.5% | -7.8% | |
| Q4 2025 | -0.3% | -2.2% | -2.2% | |
| Q3 2025 | -0.1% | +3.0% | +6.2% | |
| Q1 2025 | -2.0% | +0.3% | +0.1% | |
| Q4 2024 | -1.0% | -4.3% | -3.2% | |
| Q3 2024 | -1.1% | +4.8% | +8.3% | |
| Q2 2024 | +0.5% | -1.7% | +1.5% | |
| Q1 2024 | +1.8% | +2.1% | -1.9% | |
| Q4 2023 | -0.3% | -0.4% | +3.3% | |
| Q3 2023 | +1.9% | +4.7% | +9.1% | |
| Q2 2023 | +1.2% | +1.2% | -0.2% | |
| Q1 2023 | +2.5% | +1.8% | -2.7% | |
| Q4 2022 | +4.4% | +3.4% | -2.1% | |
| Q3 2022 | -2.6% | -4.3% | +0.3% | |
| Q2 2022 | -5.0% | -5.4% | -5.0% | |
| Q1 2022 | -0.1% | +2.5% | +3.0% | |
| Q4 2021 | +0.8% | +0.6% | -0.4% | |
| Q3 2021 | +2.4% | +2.1% | -4.7% | |
| Q2 2021 | -0.1% | +2.4% | +3.8% | |
| Q1 2021 | +3.1% | +4.8% | +4.6% | |
| Q4 2020 | +0.6% | +1.7% | +5.6% | |
| Q3 2020 | +9.3% | +8.7% | +22.8% | |
| Q2 2020 | -2.8% | +3.7% | +0.5% | |
| Q1 2020 | -2.6% | -1.9% | +12.2% | |
| Q4 2019 | +2.8% | +1.8% | -25.4% | |
| Q3 2019 | -3.2% | -2.4% | +0.0% | |
| Q2 2019 | -1.8% | -2.9% | -7.4% | |
| Q1 2019 | +2.2% | +1.3% | +2.1% | |
| Q4 2018 | -3.3% | -1.6% | +0.5% | |
| Q3 2018 | +7.0% | +7.1% | +1.5% | |
| Q2 2018 | +2.0% | +2.8% | +1.4% | |
| Q1 2018 | +1.3% | -1.5% | -5.7% | |
| Q4 2017 | +2.9% | +7.2% | +9.1% | |
| Q3 2017 | +3.3% | +3.5% | +5.0% | |
| Q2 2017 | +1.9% | +1.8% | -3.4% | |
| Q1 2017 | +0.9% | +0.8% | +1.2% | |
| Q4 2016 | -0.4% | -0.3% | +1.4% | |
| Q3 2016 | +3.3% | +1.0% | +8.8% | |
| Q2 2016 | -2.8% | -0.4% | +1.3% | |
| Q1 2016 | +0.5% | — | — | |
| Q4 2015 | +0.2% | — | — | |
| Q3 2015 | +2.2% | — | — | |
| Q2 2015 | -1.6% | — | — | |
| Q1 2015 | -1.1% | — | — | |
| Q4 2014 | +1.9% | — | — | |
| Q3 2014 | -1.0% | — | — | |
| Q2 2014 | -0.3% | — | — | |
| Q1 2014 | -0.1% | — | — | |
| Q4 2013 | -2.9% | — | — | |
| Q3 2013 | +0.7% | — | — | |
| Q2 2013 | -0.7% | — | — | |
| Q1 2013 | +0.5% | — | — | |
| Q4 2012 | -0.5% | — | — | |
| Q3 2012 | -0.3% | — | — | |
| Q2 2012 | -5.1% | — | — | |
| Q1 2012 | +1.3% | — | — | |
| Q4 2011 | +1.1% | — | — | |
| Q3 2011 | -2.0% | — | — | |
| Q2 2011 | -1.9% | — | — | |
| Q1 2011 | +1.1% | — | — | |
| Q4 2009 | -0.1% | — | — | |
| Q4 2010 | -0.1% | — | — | |
| Q3 2010 | +0.5% | — | — | |
| Q2 2010 | +0.6% | — | — | |
| Q1 2010 | +1.7% | — | — | |
| Q2 2009 | -1.4% | — | — | |
| Q2 2008 | -1.4% | — | — |
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