Loews L Membership and other income

Segments

Boardwalk Pipeline Partners, LP$626M+0.8%

Loews Hotels Holding Corporation$251M+3.7%

CNA Financial$10M+11.1%

Revenue$4.6B+1.4%

Net income$337.0M-8.9%

EPS (diluted)$1.63-6.3%

Cash & equivalents$843.0M+50.5%

Total debt$8.9B-0.1%

Total equity$18.7B+8.8%

Total assets$85.7B+3.0%

Operating cash flow$72.0M-90.2%

CapEx$204.0M+108%

Free cash flow-$132.0M-121%

Market cap$23.3B+27.0%

Enterprise value$31.39B+17.1%

P/E14.3×+0.7×

P/S1.3×+0.2×

Gross margin92.8%—

Net margin8.8%+1.4pp

FCF margin10.4%-6.4pp

Return on equity9.1%+1.2pp

Debt / equity0.5×0.0×