Hotel, energy and financial services conglomerate Loews Corp posted a jump in second-quarter profit as revenue from its insurance arm, CNA Financial Corp , increased nearly 13 percent on higher net investment income and lower non-catastrophe losses.
Loews is controlled by the New York-based billionaire Tisch family. Its net profit rose to $269 million, or 69 cents per share, from $56 million, or 14 cents per share, a year earlier.
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(Reporting by Avik Das in Bangalore; Editing by Joyjeet Das)