James Tisch to retire as President & CEO as of December 31, 2024; Loews Board elects Benjamin Tisch as President & CEO; James Tisch will become Chairman of the Board of Directors NEW YORK, July 29, 2024 /PRNewswire/ -- Loews Corporation (NYSE: L) announced today that, as part of its leadership succession plan, on December 31, 2024, James Tisch will retire as President and CEO and will be succeeded by Benjamin Tisch, current Senior Vice President, Corporate Development and Strategy. As part of the leadership ...

NEW YORK, July 9, 2024 /PRNewswire/ -- Loews Corporation (NYSE: L) will report second quarter 2024 financial results on Monday, July 29, 2024. On that date the Company will also post earnings remarks on its website. These remarks will include commentary from the Company's Chief Executive Officer, James S. Tisch, and Chief Financial Officer, Jane Wang.Loews invites shareholders to submit questions for management in advance of earnings. Management may address some or all of these questions in the earnings rem ...

Net Income and Financial Performance - Net income attributable to Loews Corporation for Q1 2024 was $457 million, or $2.05 per share, compared to $375 million, or $1.61 per share in Q1 2023[139] - CNA Financial's net income increased by $42 million in Q1 2024, driven by higher net investment income and favorable net prior year loss reserve development, partially offset by higher catastrophe losses[143] - Boardwalk Pipelines' net income increased to $121 million in Q1 2024 from $86 million in Q1 2023, primarily due to higher revenues from re-contracting at higher rates and recently completed growth projects[139] - Loews Hotels & Co reported a net income of $16 million in Q1 2024, down from $24 million in Q1 2023[139] - Corporate segment net income improved to $10 million in Q1 2024 from a loss of $3 million in Q1 2023[139] - Net income attributable to Loews Corporation decreased by $8 million to $16 million in Q1 2024 compared to $24 million in Q1 2023, primarily due to increased operating expenses and lower equity income from joint ventures[171][173] CNA Financial's Property & Casualty Operations - CNA's Property & Casualty Operations reported a combined ratio of 94.6% in Q1 2024, with an underlying combined ratio of 91.0%[148] - Gross written premiums for CNA's Property & Casualty Operations totaled $3.74 billion in Q1 2024, with Specialty, Commercial, and International segments contributing $1.68 billion, $1.69 billion, and $374 million respectively[148] - CNA's renewal premium change for Property & Casualty Operations was 6% in Q1 2024, with retention rates at 85%[148] - CNA's underlying loss ratio for Property & Casualty Operations was 60.5% in Q1 2024, with catastrophe impacts adding 3.8 percentage points to the loss ratio[148] - Core income for Property & Casualty Operations increased by $26 million in Q1 2024 compared to Q1 2023, driven by higher net investment income and favorable net prior year loss reserve development[152] - Catastrophe losses for Property & Casualty Operations were $88 million in Q1 2024, up from $52 million in Q1 2023[152] Gross Written Premiums by Segment - Gross written premiums for Specialty decreased by $6 million in Q1 2024 compared to Q1 2023, driven by lower new business, partially offset by favorable rates[149] - Gross written premiums for Commercial increased by $244 million in Q1 2024 compared to Q1 2023, driven by favorable renewal premium changes and higher new business[150] - Gross written premiums for International decreased by $24 million in Q1 2024 compared to Q1 2023, with a $31 million decrease excluding foreign currency effects[151] Combined Ratios by Segment - Specialty's combined ratio increased by 0.7 points in Q1 2024 compared to Q1 2023, driven by higher acquisition costs and an increase in the underlying loss ratio[154] - Commercial's combined ratio increased by 1.6 points in Q1 2024 compared to Q1 2023, primarily due to higher catastrophe losses[155] - International's combined ratio improved by 3.9 points in Q1 2024 compared to Q1 2023, driven by a 5.3 point improvement in the loss ratio[156] Investment Income and Portfolio Performance - CNA's net investment income increased to $609 million in Q1 2024 from $525 million in Q1 2023[143] - CNA's net investment income increased by $84 million to $609 million for Q1 2024, driven by higher returns from limited partnerships and common stocks, and favorable reinvestment rates in fixed income securities[194] - The effective income yield for CNA's fixed income securities portfolio rose to 4.7% in Q1 2024, up from 4.6% in Q1 2023[194] - Limited partnership and common stock returns improved significantly to 2.9% in Q1 2024, compared to 1.3% in Q1 2023[194] - CNA's pretax investment losses decreased by $13 million to $16 million in Q1 2024, primarily due to favorable changes in the fair value of non-redeemable preferred stock[196] - The total fair value of CNA's fixed maturity securities increased to $40.605 billion in Q1 2024, with net unrealized losses rising to $2.253 billion[199] - AAA-rated securities in CNA's fixed maturity portfolio included $0.2 billion of pre-funded municipal bonds as of March 31, 2024[199] - CNA's available-for-sale fixed maturity securities in a gross unrealized loss position totaled $27.012 billion, with $3.096 billion in unrealized losses as of March 31, 2024[201] - The effective duration of CNA's total investment portfolio decreased slightly to 6.4 years in Q1 2024, compared to 6.5 years at the end of 2023[207] - CNA's Life & Group portfolio had an effective duration of 10.0 years in Q1 2024, down from 10.2 years at the end of 2023[207] - The Property & Casualty and other portfolio maintained a stable effective duration of 4.5 years in Q1 2024[207] Cash Flow and Financial Activities - Parent Company cash and investments increased to $3.2 billion at March 31, 2024, compared to $2.6 billion at December 31, 2023, driven by $656 million in cash dividends from subsidiaries[179] - CNA's cash provided by operating activities increased by $68 million to $504 million in Q1 2024 compared to $436 million in Q1 2023, driven by higher premiums collected and distributions from limited partnerships[181] - Boardwalk Pipelines' cash provided by operating activities increased by $43 million in Q1 2024 compared to Q1 2023, primarily due to changes in net income adjusted for depreciation and amortization[185] - Loews Hotels & Co received $23 million from the sale of an owned hotel in Q1 2024 and agreed to acquire noncontrolling equity interest in another hotel for $30 million, completed on April 1, 2024[187] - CNA completed a public offering of $500 million in 5.1% senior notes due February 15, 2034, to retire $550 million in 4.0% senior notes due May 2024[184] - Boardwalk Pipelines completed a public offering of $600 million in 5.6% senior notes due August 1, 2034, and has $1.0 billion available under its revolving credit facility[186] Other Financial Metrics and Developments - Core results for Other Insurance Operations improved by $4 million in Q1 2024 compared to Q1 2023, primarily due to higher net investment income[158] - Boardwalk Pipelines' EBITDA increased by $51 million in Q1 2024 compared to Q1 2023, driven by higher transportation revenues and the Bayou Ethane acquisition[165] - Operating revenue increased by $28 million to $183 million in Q1 2024 compared to $155 million in Q1 2023, driven by higher occupancy levels and food and beverage revenues[171][172] - Equity income from joint ventures decreased by $4 million to $27 million in Q1 2024 compared to $31 million in Q1 2023, driven by reduced occupancy levels at joint venture hotels[173] - Depreciation and amortization increased by $5 million to $21 million in Q1 2024 compared to $16 million in Q1 2023, mainly due to the opening of the Loews Arlington Hotel and Convention Center[173] Forward-Looking Statements and Risks - Forward-looking statements include projections of future results, events, performance, or achievements, and may contain terms like "expect," "intend," "plan," "anticipate," "estimate," and "believe"[211] - Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated or projected[211] - Investors should not place undue reliance on forward-looking statements due to inherent risks and uncertainties[212] - The company and its subsidiaries disclaim any obligation to update forward-looking statements to reflect changes in expectations, beliefs, or circumstances[212]

Exhibit 99.1 NEWS RELEASE LOEWS CORPORATION REPORTS NET INCOME OF $457 MILLION FOR THE FIRST QUARTER OF 2024 New York, NY, May 6, 2024: Loews Corporation (NYSE: L) today released its first quarter 2024 financial results. First Quarter 2024 highlights: Loews Corporation reported net income of $457 million, or $2.05 per share, in the first quarter of 2024, which represents a 22% increase over $375 million, or $1.61 per share, in the first quarter of 2023. The following are the highlights: • CNA Financial Corp ...

NEW YORK, May 6, 2024 /PRNewswire/ -- Loews Corporation (NYSE: L) today released its first quarter 2024 financial results. First Quarter 2024 highlights: Loews Corporation reported net income of $457 million, or $2.05 per share, in the first quarter of 2024, which represents a 22% increase over $375 million, or $1.61 per share, in the first quarter of 2023. The following are the highlights: CNA Financial Corporation's (NYSE: CNA) net income attributable to Loews improved year-over-year due to higher net in ...

NEW YORK, April 16, 2024 /PRNewswire/ -- Loews Corporation (NYSE: L) will report first quarter 2024 financial results on Monday, May 6, 2024. On that date the Company will also post earnings remarks on its website. These remarks will include commentary from the Company's Chief Executive Officer, James S. Tisch, and Chief Financial Officer, Jane Wang. Loews invites shareholders to submit questions for management in advance of earnings. Management may address some or all of these questions in the earnings rem ...

Loews Arlington Hotel is a state-of-the-art, full-service meetings, events and resort destination that caters to groups of all sizes, as well as families who are looking for a world-class resort experience in the epicenter of the premier sports and entertainment district in the country. Centrally located between Dallas and Fort Worth, and just 10 minutes from the DFW International Airport, the 21-story resort features 888 guest rooms and luxury suites with a sophisticated, modern design. The resort is situa ...

NEW YORK, Feb. 6, 2024 /PRNewswire/ -- Loews Corporation (NYSE: L) announced today the declaration of the Company's quarterly dividend of $0.0625 per share of Common Stock, payable March 5, 2024 to shareholders of record as of the close of business on February 21, 2024. Loews Corporation is a diversified company with businesses in the insurance, energy, hospitality, and packaging industries. For more information please visit www.loews.com. SOURCE Loews Corporation ...

Loews Corporation (NYSE:L) Q4 2023 Earnings Conference Call February 5, 2024 9:00 AM ET Company Participants Ralitza Todorova - Investor Relations Dino Robusto - Chairman and Chief Executive Officer Scott Lindquist - Chief Financial Officer Conference Call Participants Josh Shanker - Bank of America Meyer Shields - KBW Operator Ladies and gentlemen, good day, and welcome to the CNA Fourth Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] As a remind ...

CNA Financial Corporation Fourth Quarter 2023 Results Notices and Disclaimers Forward Looking Statements The statements made in the course of this presentation and/or contained in the presentation materials may include statements that relate to anticipated future events (forward-looking statements) rather than actual present conditions or historical events. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and generally include words suc ...