In the Q2, Loews Corp's corporate clients experienced a deterioration by -15.9 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -21.36 %. During the corresponding time, Loews Corp recorded a revenue increase by 3.93 % year on year, sequentially revenue grew by 3.93 %. While revenue at the Loews Corp's corporate clients recorded rose by 16.5 % year on year, sequentially revenue grew by 12.44 %.
Customers of Loews Corp saw their costs of revenue deteriorate by -15.9 % in Q2 compare to a year ago, sequentially costs of revenue were trimmed by -21.36 %, for the same period Loews Corp recorded revenue increase by 3.93 % year on year, sequentially revenue grew by 3.93 %.
CNA serves a diverse customer base including small, medium, and large businesses, insurance companies, associations, professionals, and other groups. Its Specialty segment provides management and professional liability coverage to professional firms such as architects, real estate agents, accounting firms, and law firms, with a focus on small and mid-size firms, public and privately held firms, and not-for-profit organizations. The health care industry customers include aging services, allied medical facilities, dentists, physicians, nurses, and other medical practitioners. The Surety segment offers contract and commercial surety bonds across all 50 states. Warranty and Alternative Risks provides extended service contracts for vehicles, portable electronics, and other consumer goods, primarily distributed through independent representatives and sold by automobile dealerships and retailers in North America. The Commercial segment targets small businesses, construction, middle market, and other commercial customers with a broad range of property and casualty insurance products. The International segment underwrites property and casualty coverages globally through operations in Canada and the United Kingdom.
Loews’s Comment on Sales, Marketing and Customers
CNA serves a diverse customer base including small, medium, and large businesses, insurance companies, associations, professionals, and other groups. Its Specialty segment provides management and professional liability coverage to professional firms such as architects, real estate agents, accounting firms, and law firms, with a focus on small and mid-size firms, public and privately held firms, and not-for-profit organizations. The health care industry customers include aging services, allied medical facilities, dentists, physicians, nurses, and other medical practitioners. The Surety segment offers contract and commercial surety bonds across all 50 states. Warranty and Alternative Risks provides extended service contracts for vehicles, portable electronics, and other consumer goods, primarily distributed through independent representatives and sold by automobile dealerships and retailers in North America. The Commercial segment targets small businesses, construction, middle market, and other commercial customers with a broad range of property and casualty insurance products. The International segment underwrites property and casualty coverages globally through operations in Canada and the United Kingdom.
Sources:
Loews Corp’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Loews Corp’s corporate clients.
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