Loews Corp.'s Earnings Rise as Expenses Stay About Flat

Date : 05/11/2018 @ 22:52
Source : Dow Jones News

Loews Corp.'s Earnings Rise as Expenses Stay About Flat

Loews (NYSE:L)
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   By Allison Prang 
 

Loews Corp.'s (L) profit rose in the third quarter as the company's total expenses stayed about flat and its revenue rose.

Loews reported earnings of $278 million, up 77% from the comparable quarter last year. The company said earnings per share were 88 cents, up from 46 cents.

Total revenue rose 2.5% to $3.61 billion. Revenue from insurance premiums rose while net investment income fell.

Total expenses were $3.25 billion, down slightly from $3.26 billion the year before.

 

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

 

(END) Dow Jones Newswires

November 05, 2018 06:37 ET (11:37 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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