Loews Reports Q1 Profit Growth on Strong Insurance Performance

Loews Corporation's quarterly profit increased due to strong performance in its insurance business, CNA Financial Corporation, which accounted for 81.5% of net sales. The company's other areas of activity, including the operation of gas conduits and hotel operations, also contributed to the growth. Loews operates 25 hotels in the US and Canada, and its Boardwalk Pipeline subsidiary is responsible for gas conduit operations.