NYSE$L
Loews Corp · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Loews reported net income for Q3 2024, driven by increases at CNA, Boardwalk, and investment income at the parent company, offset by a decrease at Loews Hotels.
Loews Corporation reported a net income of $401 million, or $1.82 per share, for the third quarter of 2024, compared to $253 million, or $1.12 per share, in the third quarter of 2023. The increase was primarily due to improvements at CNA, Boardwalk Pipelines, and parent company investment income, offset by a decrease at Loews Hotels.
- Loews Corporation reported net income of $401 million, or $1.82 per share, in Q3 2024, compared to $253 million, or $1.12 per share, in Q3 2023.
- 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.
- Loews Hotels’ results decreased primarily due to an impairment charge recorded by a joint venture property.
Headline financials
Revenue & EPS history
Loews · Revenue · Quarterly
$4.47B
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. Boardwalk continues to benefit from favorable industry tailwinds that have led to higher re-contracting rates and robust pipeline flows. CNA performed well despite elevated industry catastrophe losses.
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 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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