NEW YORK (AP) _ Loews Corp. (L) on Monday reported a second-quarter loss of $835 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the New York-based company said it had a loss of $2.96. Earnings, adjusted for investment costs and non-recurring costs, came to $1.19 per share.
The commercial property and casualty insurance company posted revenue of $2.31 billion in the period.
Loews shares have fallen 31% since the beginning of the year, while the Standard & Poor's 500 index has increased 1%. The stock has decreased 31% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on L at https://www.zacks.com/ap/L
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