NYSE$L

Loews Corp · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Loews reported net income for Q3 2021, with contributions from all consolidated subsidiaries.

Loews Corporation reported a net income of $220 million for the third quarter of 2021, an increase compared to the $139 million net income in the third quarter of 2020. The positive results were driven by contributions from CNA Financial Corporation, Boardwalk Pipelines, and Loews Hotels & Co.

  • Loews Corporation reported a net income of $220 million for Q3 2021, compared to $139 million for Q3 2020.
  • CNA benefited from higher Property & Casualty non-catastrophe underwriting results and improved Life & Group business results.
  • Boardwalk Pipelines' revenues increased due to growth projects and higher system utilization.
  • Loews Hotels' results improved significantly due to the rebound in leisure travel.

Headline financials

Total Revenue

$3.37B

Previous: $3.47B-2.7%
EPS (adj)

$0.85

Previous: $0.50+70.0%
Capital Expenditures

-$327M

Previous: -$584M+44.0%
Free Cash Flow

-$107M

Previous: -$445M+76.0%
Net Income

$220M

Previous: $139M+58.3%
Operating Income

$659M

Previous: $539M+22.3%
Gross Profit

$1.3B

Previous: $1.42B-8.3%
Cash & Equivalents

$811M

Previous: $886M-8.5%
Total Assets

$81.7B

Previous: $79.5B+2.8%

Revenue & EPS history

Loews · Revenue · Quarterly

$3.37B

Q3 2021-2.7%vs Q3 2020
Beat estimate in 2 of 6 quarters(33%)
ActualEstimate

Revenue by segment

Loews · $3.37B total across 4 segments · Q3 2021

  • CNA Financial
    $2.96B+4.2%
  • Boardwalk Pipelines
    $307M+6.2%
  • Loews Hotels & Co
    $134M+123.3%
  • Investment Income
    -$29M-110.5%

Forward guidance

This document does not contain forward guidance. The section about forward looking statement describes the nature of forward looking statements and provides pointers to where further information can be found.

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 2021

Historical avgQ3 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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