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Launchpool
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Earn interests with idle tokens
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Auto-invest on a regular basis
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One-stop lending hub
VIP Wealth Hub
Customized wealth management empowers your assets growth
Private Wealth Management
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Quant Fund
Top asset management team helps you profit without hassle
Staking
Stake cryptos to earn in PoS products
Smart Leverage
New
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GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
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Loews reports quarterly weakness on CNA's underwriting woes
Loews Corp reported a decline in fourth-quarter core income for its insurance unit, driven by weaker underwriting and an unfavorable charge related to an asbestos and environmental pollution loss transfer. Despite this, the company’s net investment income saw an increase, contributing to a rise in net income attributable to Loews for the quarter. The diversified holding company attributes the overall increase in net income partly to a low comparison base from the previous year, which included a significant pension settlement charge at its CNA Financial subsidiary.