) said on Monday that James Tisch will hand over the CEO role to his son after 25 years at the helm. The company also reported a 2.5% jump in its quarterly profit, helped by a rise in insurance premiums and higher returns on its investments.His son Benjamin Tisch currently serves as the company's senior vice president, corporate development and strategy.
Loews' investment income rose to $639 million in the quarter ended June 30, from $592 million a year earlier. Profit attributable to Loews in the quarter was $369 million, or $1.67 per share, up from $360 million, or $1.58 per share, a year earlier.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.