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Stock impact report

Loews Reports Strong Q3 With 58% Net Income Surge, Backed by CNA Financial And Boardwalk Pipelines [Yahoo! Finance]

CNA Financial Corporation (CNA) 
Last cna financial corporation earnings: 2/10 06:00 am Check Earnings Report
US:NYSE Investor Relations: investor.cna.com
Company Research Source: Yahoo! Finance
Revenues grew to $4.47 billion from $3.93 billion a year ago. CNA Financial Corp (NYSE: CAN ) revenue contribution increased to $3.62 billion from $3.34 billion a year ago, and net income rose to $259 million from $235 million a year ago. CNA's net income attributable to Loews improved year-over-year due to higher net investment income partially offset by higher catastrophe losses. Boardwalk Pipelines segment's revenues rose to $483 million from $363 million in the year-ago quarter, and net income rose to $77 million from $49 million the prior year. Boardwalk Pipelines' results improved year-over-year due to higher re-contracting rates and newly completed growth projects. Loews Hotels' revenues increased to $226 million from $196 million a year ago, and net income stood at $(8) million vs. $17 million a year ago. The result reflects an impairment charge recorded by a joint venture property. As of September 30, 2024, the company had $3.3 billion in cash and investments and Show less Read more
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