- Q1 2024 Loews Corp Earnings Call TranscriptMay 06, 2024R$302.25Earnings
- Q1 2023 Loews Corp Earnings Call TranscriptMay 01, 2023R$302.25Earnings
- Q3 2022 Loews Corp Earnings Call TranscriptOct 31, 2022R$302.25Earnings
- Q2 2022 Loews Corp Earnings Call TranscriptAug 01, 2022R$302.25Earnings
- Q1 2022 Loews Corp Earnings Call TranscriptMay 02, 2022R$298Earnings
- Q4 2021 Loews Corp Earnings Call TranscriptFeb 07, 2022R$320.33Earnings
- Q3 2021 Loews Corp Earnings Call TranscriptNov 01, 2021R$320.33Earnings
- Q2 2021 Loews Corp Earnings Call TranscriptAug 02, 2021R$279.44Earnings
- Loews Corp Annual Shareholders Meeting TranscriptMay 11, 2021
- Q1 2021 Loews Corp Earnings Call TranscriptMay 03, 2021R$256.11Earnings
- Q4 2020 Loews Corp Earnings Call TranscriptFeb 08, 2021R$256.11Earnings
- Q3 2020 Loews Corp Earnings Call TranscriptNov 02, 2020R$198.8Earnings
- Q2 2020 Loews Corp Earnings Call TranscriptAug 03, 2020R$174.69Earnings
- Loews Corp Annual Shareholders Meeting TranscriptMay 12, 2020
- Q1 2020 Loews Corp Earnings Call TranscriptMay 04, 2020R$170.18Earnings
- Q4 2019 Loews Corp Earnings Call TranscriptFeb 10, 2020Earnings
- Q3 2019 Loews Corp Earnings Call TranscriptOct 28, 2019Earnings
- Q2 2019 Loews Corp Earnings Call TranscriptAug 05, 2019Earnings
- Loews Corp at Sanford C Bernstein Strategic Decisions Conference TranscriptMay 30, 2019
- Q1 2019 Loews Corp Earnings Call TranscriptApr 29, 2019Earnings
- Q4 2018 Loews Corp Earnings Call TranscriptFeb 11, 2019Earnings
Q1 2023 Loews Corp Earnings Call Transcript
[The transcript was presubmitted by Loews Corporation. No live call was conducted for the first quarter earnings call.]
Good morning. Loews had a strong first quarter in 2023, with each of our consolidated subsidiaries producing stellar results.
Let's start by taking a look at our property and casualty insurance subsidiary, CNA.
CNA's performance was solid, with the company reporting its highest ever quarterly underlying underwriting income. The company reported a first quarter underlying combined ratio of 90.8%, which represents a 0.6-point improvement over the company's strong results in the first quarter of 2022. However, CNA's all-in combined ratio increased by two points year-over-year to 93.9% due to higher catastrophe losses and unfavorable prior period development. On a positive note, net written premiums grew by 11% in the first quarter compared to a year ago. This growth was a result of rate increases, improved retention and robust new business, which grew by 12%. The company also reported strong core
Access to All Earning Calls and Stock Analysis | |
30-Year Financial on one screen | |
All-in-one Stock Screener with unlimited filters | |
Customizable Stock Dashboard | |
Real Time Insider Trading Transactions | |
8,000+ Institutional investors’ 13F holdings | |
Powerful Excel Add-in and Google sheets Add-on | |
All data downloadable | |
Quick customer support | |
And much more... |
![](https://static.gurufocus.com/material/money-back-guarantee.png)
![](https://static.gurufocus.com/trust_rating.png)
![](https://static.gurufocus.com/trust.png)