Loews Corporation Reports Net Income Of $397 Million For The Fourth Quarter Of 2020

Loews Corporation Reports Net Income Of $397 Million For The Fourth Quarter Of 2020
22 Million Common Shares Repurchased In 2020 For $917 Million
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NEW YORK, Feb. 8, 2021 /PRNewswire/ -- Loews Corporation (NYSE: L) today reported net income of $397 million, or $1.45 per share, for the quarter ended December 31, 2020, compared to net income of $217 million, or $0.73 per share, in the fourth quarter of 2019. For the full year, Loews reported a net loss of $931 million, or $3.32 per share, compared to net income of $932 million, or $3.07 per share, in 2019.
CNA Financial Corporation drove net income for the fourth quarter of 2020 with strong property and casualty underwriting results, solid net investment income, and net investment gains. Boardwalk Pipelines also contributed positively to Loews's quarterly results.

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