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MarketScreener Homepage  >  Equities  >  Nyse  >  Loews Corporation    L

LOEWS CORPORATION

(L)
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Loews : Reports Loss as Revenue Falls, Insurance Costs Rise

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02/11/2019 | 06:45am EDT

By Allison Prang

Loews Corp. (L) reported a loss in the last quarter of 2018 as the company's revenue fell and insurance claims and policyholders' benefits costs climbed about 27%.

Loews said it had a loss of $165 million. That compared with a profit of $481 million for the comparable quarter a year prior. The loss came out to 53 cents a share. That compares to a profit for the comparable quarter a year earlier of $1.43 a share.

The comparable quarter a year prior included a $200 million net benefit from the new tax law, the company said.

Total revenue dropped 7.5% to $3.29 billion. It fell in every division except Loews Hotels & Co.

Total expenses rose 14% to $3.52 billion. Within that, insurance claims and policyholders' benefits costs rose to $1.59 billion.

Write to Allison Prang at allison.prang@wsj.com

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Financials ($)
Sales 2019 -
EBIT 2019 -
Net income 2019 -
Debt 2019 -
Yield 2019 0,51%
P/E ratio 2019 12,52
P/E ratio 2020
Capi. / Sales 2019 0
Capi. / Sales 2020 0
Capitalization 14 958 M
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Technical analysis trends LOEWS CORPORATION
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 2
Average target price 54,0 $
Spread / Average Target 11%
EPS Revisions
Managers
NameTitle
James S. Tisch President, Chief Executive Officer & Director
Andrew H. Tisch Co-Chairman
Jonathan M. Tisch Co-Chairman
David B. Edelson Chief Financial Officer & Senior Vice President
Herb E. Hoffmann Vice President-Information Technology
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