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- 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
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- 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
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- 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 2024 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 and welcome to our first quarter 2024 earnings report. Loews had an exceptional quarter, reporting net income of $457 million or $2.05 per share compared to net income of $375 million or $1.61 per share in the first quarter of 2023. The more-than-20% year-over-year increase in net income is due to strong results at CNA and Boardwalk, as well as higher net investment income at the parent company. While Jane will provide more details about our resultsin her remarks, I wanted to highlight CNA's stellar first quarter.
We were pleased to see that the company reported underlying underwriting income in excess of $200 million for the fourth quarter in a row. CNA's results also included a 16% year-over-year increase in net investment income due to higher reinvestment rates and improved LP and common stock results. While the LP and common stock portfolios are subject to yearly fluctuations, we expect
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