LOEWS CORPORATION

L
Delayed Quote. Delayed  - 11/26 01:10:00 pm
55.07USD -3.13%

Loews: Q2 Earnings Snapshot

08/02/2021 | 06:08am

NEW YORK (AP) _ Loews Corp. (L) on Monday reported second-quarter net income of $754 million, after reporting a loss in the same period a year earlier.

The New York-based company said it had profit of $2.86 per share. Earnings, adjusted for investment gains, were $1.20 per share.

The commercial property and casualty insurance company posted revenue of $4 billion in the period.

Loews shares have increased 19% since the beginning of the year, while the S&P's 500 index has increased 17%. The stock has risen 47% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on L at https://www.zacks.com/ap/L

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News

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