NYSE$L
Loews Corp · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Loews reported a net income of $369 million for Q2 2024, driven by strong results at CNA and Boardwalk.
Loews Corporation reported a net income of $369 million, or $1.67 per share, in the second quarter of 2024. Excluding the prior period’s $36 million gain at Loews Hotels, net income increased 14% year-over-year, driven by CNA and Boardwalk.
- CNA Financial Corporation’s net income attributable to Loews improved year-over-year due to higher net investment income partially offset by higher catastrophe losses.
- Boardwalk Pipelines’ results improved year-over-year mainly due to increased revenues from re-contracting at higher rates and recently completed growth projects.
- Book value per share, excluding AOCI, increased to $85.42 as of June 30, 2024, from $81.92 as of December 31, 2023 due to strong operating results and repurchases of common shares during the year.
- As of June 30, 2024, the parent company had $3.1 billion of cash and investments and $1.8 billion of debt.
Headline financials
Revenue & EPS history
Loews · Revenue · Quarterly
$4.27B
Revenue by segment
Loews · $3.9B total across 3 segments · Q3 2023
- CNA Financial$3.34B+12.8%85.6%
- Boardwalk Pipelines$363M+7.1%9.3%
- Loews Hotels & Co$196M+8.9%5.0%
Forward guidance
Loews had another good quarter driven by strong results at CNA and Boardwalk. CNA continued to experience profitable growth while Boardwalk capitalized on strong fundamentals in the natural gas pipeline business.
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 2024
+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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