Published on 30 Oct 2023 on GuruFocus.com via Yahoo Finance
Loews Corp (NYSE:L) reported a net income of $253 million for Q3 2023, compared to a net loss of $22 million in Q3 2022.The company's book value per share, excluding AOCI, increased to $79.92 as of September 30, 2023, from $74.88 as of December 31, 2022.Loews Corp (NYSE:L) repurchased 1.9 million shares of its common stock for a total cost of $118 million through the end of the quarter.As of September 30, 2023, the parent company had $2.3 billion of cash and investments and $1.8 billion of debt.