Loews: 4Q Earnings Snapshot

Associated Press |

NEW YORK (AP) _ Loews Corp. (L) on Monday reported a fourth-quarter loss of $165 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the New York-based company said it had a loss of 53 cents. Earnings, adjusted for non-recurring costs, were 36 cents per share.

The commercial property and casualty insurance company posted revenue of $3.29 billion in the period.

For the year, the company reported profit of $636 million, or $1.99 per share. Revenue was reported as $14.07 billion.

Loews shares have risen slightly more than 4 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 8 percent. The stock has risen roughly 2 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on L at https://www.zacks.com/ap/L

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