Loews Corporation


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Loews Corporation: Initiation of Coverage – These Are Its 4 Fundamental Growth Drivers!


Loews Corporation reported a promising first quarter in 2024, achieving a net income of $457 million or $2.05 per share, improving from $375 million or $1.61 per share in the prior year. This rise in net income, representing a more than 20% year-over-year increase, was driven by commendable performances from CNA and Boardwalk, along with elevated net investment income at the parent company. The insurance subsidiary, CNA, was particularly notable, marking another quarter of solid underlying underwriting income surpassing $200 million. Additionally, a 16% increase in CNA’s net investment income contributed positively, reflecting higher reinvestment rates and improved returns from limited partnerships and common stock investments. However, it is essential to note that the LP and common stock portfolios might experience fluctuating yearly results, though higher future yields in the fixed income portfolio are expected.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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