NYSE$L
Loews Corp · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Loews reported a net income of $139 million for Q3 2020, driven by CNA Financial Corporation's strong performance.
Loews Corporation reported a net income of $139 million, or $0.50 per share, for the third quarter of 2020, compared to a net income of $72 million, or $0.24 per share, in the third quarter of 2019. CNA Financial Corporation drove the quarterly increase in net income with an improved underlying combined ratio and higher net investment income. Loews Hotels & Co posted a quarterly net loss due to the revenue impact of the COVID-19 pandemic, and Boardwalk Pipelines’ net income also declined year-over-year.
- Loews Corporation reported net income of $139 million for Q3 2020, an increase from $72 million in Q3 2019.
- CNA Financial Corporation drove the quarterly increase in net income due to improved underwriting income and investment gains.
- Loews Hotels & Co experienced a net loss due to the COVID-19 pandemic, but revenues rose significantly from Q2 to Q3.
- Boardwalk Pipelines' net income declined due to lower net operating revenues and increased expenses.
Headline financials
Revenue & EPS history
Loews · Revenue · Quarterly
$3.47B
Revenue by segment
Loews · $3.47B total across 4 segments · Q3 2020
- CNA Financial$2.84B+5.7%82.0%
- Boardwalk Pipelines$289M-2.4%8.3%
- Investment Income$276M—8.0%
- Loews Hotels & Co$60M-61.5%1.7%
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 Q3 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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