Loews posts quarterly loss on higher catastrophe loss at CNA Financial

Mon Feb 11, 2013 6:11am EST

Feb 11 (Reuters) - Hotels, energy and financial services conglomerate Loews Corp posted a fourth-quarter loss, hit by lower investment income and higher catastrophe losses at CNA Financial Corp, its largest holding.

Loss attributable to Loews was $32 million, or 8 cents per share, compared with a profit of $271 million, or 68 cents per share a year earlier.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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