NYSE$L

Loews Corp · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Loews Corporation reported net income for the first quarter of 2022.

Loews Corporation reported a net income of $338 million for Q1 2022, a significant increase compared to $261 million in Q1 2021. This boost was driven by strong operating results from CNA Financial, Boardwalk Pipelines, and Loews Hotels & Co.

  • Net income increased by almost 30% compared to the prior year's quarter.
  • CNA Financial experienced higher property & casualty non-catastrophe underwriting results and lower catastrophe losses.
  • Loews Hotels' results improved significantly due to recovery from reduced travel during the COVID-19 pandemic.
  • Boardwalk Pipelines' earnings increased due to higher revenues from growth projects recently placed into service.

Headline financials

Total Revenue

$3.4B

Previous: $3.62B-6.1%
EPS (adj)

$1.36

Previous: $0.97+40.2%
Capital Expenditures

-$121M

Previous: -$87M-39.1%
Free Cash Flow

$217M

Previous: $174M+24.7%
Net Income

$338M

Previous: $261M+29.5%
Operating Income

$912M

Previous: $843M+8.2%
Gross Profit

$1.6B

Previous: $1.76B-8.8%
Cash & Equivalents

$798M

Previous: $660M+20.9%
Total Assets

$79.1B

Previous: $80B-1.1%

Revenue & EPS history

Loews · Revenue · Quarterly

$3.4B

Q1 2022-6.1%vs Q1 2021
Beat estimate in 2 of 4 quarters(50%)
ActualEstimate

Revenue by segment

Loews · $3.42B total across 3 segments · Q1 2022

  • CNA Financial
    $2.89B+0.7%
  • Boardwalk Pipelines
    $381M+2.4%
  • Loews Hotels & Co
    $152M+166.7%

Forward guidance

This press release contains forward-looking statements that are subject to risks and uncertainties, as detailed in the company's filings with the Securities and Exchange Commission.

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 2022

Historical avgQ1 2022

+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

Earnings price reactions
QuarterReport dateReaction (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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