Loews Corp

Latest Results (26.10.2025):

In the fourth quarter of 2024, Loews Corporation reported a net income of $187 million, or $0.86 per share, marking a decrease from $446 million, or $1.99 per share, in the same period last year. This decline was primarily influenced by a $265 million pension settlement charge related to CNA Financial Corporation. Despite this, the company saw improvements in several areas, including increased revenues from Boardwalk Pipelines and enhanced investment income.

CNA Financial Performance

CNA Financial Corporation's net income attributable to Loews decreased year-over-year due to higher catastrophe and investment losses. Excluding the pension charge, net income was $284 million compared to $336 million in the fourth quarter of 2023.

Boardwalk Pipelines Growth

Boardwalk Pipelines reported increased net income of $145 million, up from $92 million year-over-year, driven by higher transportation revenues from re-contracting at elevated rates and recently completed growth projects.

Loews Hotels Results

Loews Hotels saw a decline in net income to $27 million from $32 million in the fourth quarter of 2023, mainly due to higher depreciation and interest expenses related to the opening of the Arlington Hotel and Convention Center.

Investment Income Improvement

Parent company's investment income rose year-over-year thanks to higher returns on equity securities, contributing positively to Loews Corporation's overall financial performance.

Share Repurchases and Book Value

Loews Corporation repurchased 4.2 million shares in the fourth quarter for $349 million, contributing to an increase in book value per share excluding AOCI to $88.18 as of December 31, 2024.