L - Loews Q4 results advance helped by pipelines operations investment returns
- Leows Corp. ( NYSE: L ) stock gained 1.9% in Monday premarket trading after Q4 earnings climbed from the year-ago quarter, driven by Boardwalk Pipelines and higher investment returns at the parent.
- Q4 EPS of $1.53 increased from $0.54 in the prior quarter and from $1.36 in the year-ago period.
- Q4 insurance premiums of $2.23B rose from $2.22B in Q3 and from $2.12B in Q4 2021.
- Q4 investment income before income tax climbed to $92M from -$19M in the prior quarter and from $59M in the year-ago quarter.
- Q4 operating expenses and other rose to $1.63B in Q4 2022 from $1.61B in Q3 and from $1.54B in Q4 2021.
- CNA Financial ( NYSE: CNA ) net income of $223M climbed from $115M in Q3 and slipped from $239M in Q4 2021.
- Boardwalk Pipelines net income of $83M vs. $34M in Q3 and from $65M a year ago.
- Earlier, Loews ( L ) GAAP EPS of $1.53, revenue of $3.79B.
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Loews Q4 results advance, helped by pipelines operations, investment returns