Loews Q3 Earnings Surpass Expectations, Shares Rise Pre-Market

Loews Corporation reported a rise in Q3 net income and revenue, with shares up pre-bell. The holding company's four areas of activity include insurance (CNA Financial Corporation), operation of gas conduits (Boardwalk Pipeline), hotel operation (Loews Hotels & Co), and other sectors. Insurance accounted for 81.5% of net sales, followed by gas conduits at 11.8%, hotels at 5.3%, and other at 1.4%.