Financial Performance - Loews Corporation's Q4 2024 net income was $187 million, or $0.86 per share, compared to $446 million, or $1.99 per share, in Q4 2023[10] - For the year ended December 31, 2024, Loews' net income was $1.414 billion, compared to $1.434 billion in 2023[10] - Revenues for Q4 2024 were $4.546 billion, compared to $4.258 billion in Q4 2023[10] - Revenues for the year ended December 31, 2024 were $17.510 billion, compared to $15.901 billion in 2023[10] Segment Performance - CNA's net income attributable to Loews was $19 million in Q4 2024, down from $336 million in Q4 2023, and $879 million for the year 2024, down from $1.094 billion in 2023[12] - Boardwalk's net income attributable to Loews was $145 million in Q4 2024, up from $92 million in Q4 2023, and $413 million for the year 2024, up from $283 million in 2023[12] - Loews Hotels' net income attributable to Loews was $27 million in Q4 2024, down from $32 million in Q4 2023, and $70 million for the year 2024, down from $147 million in 2023[12] Capital Allocation - Loews repurchased 4.2 million shares at an aggregate cost of $349 million[11] - Dividends from subsidiaries totaled $359 million[11] - Parent company cash and investments were $3.3 billion as of December 31, 2024[8, 11] CNA Financial Highlights - CNA's net written premiums were $2.752 billion in Q4 2024, compared to $2.508 billion in Q4 2023, and $10.176 billion for the year 2024, compared to $9.446 billion in 2023[24] - CNA's underlying combined ratio was 91.4% in Q4 2024, the same as in Q4 2023, and 91.5% for the year 2024, compared to 90.9% in 2023[24] Boardwalk Pipelines Highlights - Boardwalk's operating revenue was $566 million in Q4 2024, compared to $509 million in Q4 2023, and $2.028 billion for the year 2024, compared to $1.618 billion in 2023[27] - Boardwalk's EBITDA was $290 million in Q4 2024, compared to $260 million in Q4 2023, and $1.086 billion for the year 2024, compared to $929 million in 2023[27] Loews Hotels & Co Highlights - Loews Hotels & Co's revenue was $240 million in Q4 2024, compared to $210 million in Q4 2023, and $933 million for the year 2024, compared to $852 million in 2023[29] - Loews Hotels & Co's Adjusted EBITDA was $84 million in Q4 2024, compared to $83 million in Q4 2023, and $326 million for the year 2024, compared to $328 million in 2023[29]
Loews (L) - 2024 Q4 - Earnings Call Presentation