Key Points
Oct 30 (Reuters) - Loews Corp (L.N) on Monday reported a profit in the third quarter compared to a loss a year earlier, boosted by higher investments and insurance unit CNA Financial's (CNA.N) strong performance...
Markets have regained some ground this year on expectations that the U.S. Federal Reserve is nearly done with its rate hiking cycle, helping Loews earn more from its investments...
Investment income for the New York-based company jumped to $592 million in the third quarter ended Sept. 30 from $404 million a year earlier...
The income attributable to Loews for the third quarter was $253 million, or $1.12 per share, compared with a loss of $22 million, or 9 cents, a year earlier...
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