NYSE$L

Loews Corp · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Loews reported a net income of $754 million for the second quarter of 2021, compared to a net loss of $835 million for the same period in 2020.

Loews Corporation reported a net income of $754 million for Q2 2021, a significant improvement compared to the net loss of $835 million in Q2 2020. The results were driven by strong performance from CNA Financial, increased revenues from Boardwalk Pipelines, and improved results from Loews Hotels & Co.

  • Loews Corporation reported net income of $754 million, or $2.86 per share, for the second quarter of 2021.
  • CNA Financial Corporation's performance was a key driver, with lower net catastrophe losses, improved net investment income, and higher underwriting results.
  • Boardwalk Pipelines contributed positively due to increased revenues from recently completed growth projects.
  • Loews Hotels & Co posted improved year-over-year results due to the rebound in travel.

Headline financials

Total Revenue

$4B

Previous: $2.31B+73.3%
EPS (adj)

$1.20

Previous: -$2.93+141.0%
Capital Expenditures

-$183M

Previous: -$440M+58.4%
Free Cash Flow

$571M

Previous: -$1.28B+144.8%
Net Income

$754M

Previous: -$835M+190.3%
Operating Income

$1.44B

Previous: -$666M+316.8%
Gross Profit

$2.1B

Previous: $326M+544.2%
Cash & Equivalents

$578M

Previous: $668M-13.5%
Total Assets

$81.6B

Previous: $78.4B+4.0%

Revenue & EPS history

Loews · Revenue · Quarterly

$4B

Q2 2021+73.3%vs Q2 2020
Beat estimate in 3 of 7 quarters(43%)
ActualEstimate

Revenue by segment

Loews · $3.44B total across 3 segments · Q2 2021

  • CNA Financial
    $3.03B+9.5%
  • Boardwalk Pipelines
    $312M+5.4%
  • Loews Hotels & Co
    $98M+188.2%

Forward guidance

This document does not contain forward guidance.

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 Q2 2021

Historical avgQ2 2021

+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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