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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.
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(END) Dow Jones Newswires
November 05, 2018 06:37 ET (11:37 GMT)
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