Loews Q1 net income $295 million
Net income increased $193 million as compared to the prior year due to higher earnings at CNA Financial Corporation, Boardwalk Pipeline Partners, LP and Loews Hotels & Co, as well as higher income generated by the parent company investment portfolio.
These increases were partially offset by lower earnings at Diamond Offshore Drilling, Inc.
Book value per share increased to $54.91 at March 31, 2017 from $53.96 at December 31, 2016.
Book value per share excluding accumulated other comprehensive income (AOCI) increased to $55.35 at March 31, 2017 from $54.62 at December 31, 2016. ■