Loews Reports Higher Second-Quarter Profit as Revenue Continues to Grow

Loews Corporation announced higher second-quarter earnings driven by stronger performance across its major operating divisions. The diversified holding company recorded net income of $444 million, or $2.16 per share, compared with $391 million, or $1.87 per share, in the corresponding quarter of the prior year. Quarterly revenue climbed to $4.73 billion from $4.56 billion a year earlier, reflecting across-the-board improvement in operating performance.
CNA Financial, Loews’ largest subsid