James Tisch, President and Chief Executive of Loews Corporation, speaks during The Economist's Buttonwood Gathering in New York October 25, 2012. REUTERS/Carlo Allegri/File Photo Acquire Licensing RightsOct 30 (Reuters) - Loews Corp (L.N) on Monday reported a profit in the third quarter compared to a loss a year earlier, boosted by higher investments and insurance unit CNA Financial's (CNA.N) strong performance. Investment income for the New York-based company jumped to $592 million in the third quarter ended Sept. 30 from $404 million a year earlier. The company reported an underlying combined ratio of 90.4% in its property and casualty business, compared with 91.1% a year earlier. CNA's larger peer, Travelers Companies (TRV.N), reported a 14% fall in quarterly profit earlier this month.

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Persons: James Tisch, Carlo Allegri, Pritam Biswas, Shinjini Organizations: Loews Corporation, REUTERS, Loews Corp, CNA, U.S . Federal, Loews, New, Travelers Companies, Thomson Locations: New York, Bengaluru