Loews Reports Strong Q3 With 58% Net Income Surge, Backed by CNA Financial And Boardwalk Pipelines

Loews Corp (NYSE:L) reported a third-quarter net income of $401 million compared to $253 million a year ago. EPS was $1.82, up from $1.12 year-ago. Revenues grew to $4.47 billion from $3.93 billion a year ago.

CNA Financial Corp (NYSE:CAN) revenue contribution increased to $3.62 billion from $3.34 billion a year ago, and net income rose to $259 million from $235 million a year ago.

CNA’s net income attributable to Loews improved year-over-year due to higher net investment income partially offset by higher catastrophe losses.

Boardwalk Pipelines segment's revenues rose to $483 million from $363 million in the year-ago ...