Company profile

Ticker
L
Exchange
CEO
James S. Tisch
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
132646102

L stock data

(
)

Calendar

5 Aug 19
17 Oct 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Revenue 3.62B 3.76B 3.29B 3.61B
Net income 249M 394M -165M 278M
Diluted EPS 0.82 1.27 -0.5 0.88
Net profit margin 6.87% 10.49% -5.02% 7.71%
Net change in cash 101M -66M -166M 118M
Cash on hand 440M 339M 405M 571M
Cost of revenue 263M 260M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 14.07B 13.74B 13.11B 13.42B
Net income 636M 1.16B 654M 260M
Diluted EPS 1.99 3.45 1.93 0.72
Net profit margin 4.52% 8.47% 4.99% 1.94%
Operating income* 1.41B 737M
Net change in cash -67M 145M -113M 76M
Cash on hand 405M 472M 327M 440M
Cost of revenue 923M 299M 271M

Financial data from Loews earnings reports. *Asterisk values are approximate.

Financial report summary

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Management Discussion
  • Net income attributable to Loews Corporation increased $9 million for the three months ended June 30, 2019 as compared with the 2018 period. Net income increased due to favorable persistency in the long term care business and the absence of costs incurred in 2018 associated with the transition to a new IT infrastructure service provider. These increases were partially offset by lower favorable net prior year loss reserve development and a $15 million charge (after tax and noncontrolling interests) related to the early retirement of debt.
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