Loews Company (NYSE: L), a diversified firm with companies within the insurance coverage, power, hospitality, and packaging industries, on Monday reported a rise in revenues and earnings for the second quarter of 2024.
Web earnings elevated to $369 billion within the June quarter from $360 million within the year-ago quarter. On a per-share foundation, Q2 earnings have been $1.67, in comparison with $1.58 within the second quarter of 2023.
The underside line benefitted from an 8% progress in second-quarter revenues to $4.27 billion, with the core CNA Monetary section registering a 7% income progress.
“Loews had another good quarter driven by strong results at CNA and Boardwalk. CNA continued to experience profitable growth while Boardwalk capitalized on strong fundamentals in the natural gas pipeline business,” stated James Tisch, chief govt officer of Loews Company.
