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Loews Corporation (NYSE:L), an $18.6 billion conglomerate with interests in insurance and energy operations, announced the results of its 2025 Annual Meeting of Shareholders held on May 13, 2025. According to InvestingPro data, the company maintains a "GOOD" financial health score and has consistently paid dividends for 55 consecutive years. The company, headquartered in New York, disclosed the outcomes of several key proposals voted on by shareholders in its latest SEC 8-K filing.
The first proposal involved the election of directors. All of the company’s nominees for director were elected by the shareholders. The results showed a majority of votes in favor across all nominated directors, with a significant number of broker non-votes recorded for each.
The second proposal, commonly known as "Say on Pay," which is an advisory vote on the compensation of the company’s named executive officers, was approved by the shareholders. The votes for this proposal significantly outnumbered those against or abstained, indicating shareholder support for the company’s executive compensation practices.
The third proposal was the ratification of Deloitte & Touche LLP as the company’s independent auditor for the year 2025. This proposal also passed with a vast majority of votes in favor, confirming Deloitte & Touche LLP’s position as the company’s auditor.
Lastly, shareholders approved the Loews Corporation 2025 Incentive Compensation Plan, which is designed to provide performance incentives to executives and key employees. While this proposal received a higher number of votes against compared to the previous proposals, it still passed with a majority.
No further details regarding the content of the proposals or the nature of the discussions at the Annual Meeting were provided in the filing.
The information provided in this article is based on the latest SEC filing by Loews Corporation and serves to inform shareholders and the public of the outcomes of the Annual Meeting. InvestingPro analysis suggests the company is currently undervalued, with revenue growing at 8.7% over the last twelve months. Unlock additional insights and discover more than 30 financial metrics with InvestingPro’s comprehensive analysis tools.
In other recent news, Loews Corporation reported its first-quarter earnings, showcasing revenue growth despite facing challenges such as elevated catastrophe losses in the insurance sector. The company announced earnings per share of $1.74, with total revenue reaching $4.49 billion for the quarter. Loews’ largest subsidiary, CNA Financial, reported a decline in core income to $281 million, or $1.03 per share, down from $355 million, or $1.30 per share, in the previous year. This decrease was attributed to lower underwriting results in its Property & Casualty segments, though it was partially offset by higher net investment income. CNA Financial’s P&C combined ratio rose to 98.4% from 94.6% in the same quarter last year, with significant impacts from catastrophe losses, including $53 million from California wildfires. Despite these obstacles, CNA achieved a 7% growth in gross written premiums and a 9% increase in net written premiums in its P&C segments. The company also reported a renewal premium change of +6%, driven by a written rate increase of +4% and an exposure change of +2%. CNA’s President & CEO, Douglas M. Worman, highlighted the company’s consistent performance, noting their eighth consecutive quarter of pretax underlying underwriting gains of $200 million or more.
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