Loews Corp

Latest Results (30.08.2026):

Loews Corporation reported results for the fourth quarter of 2025, with consolidated net income attributable to Loews of $402 million, or $1.94 per share, versus $187 million, or $0.86 per share, in Q4 2024 (Q4 2024 included a $265 million after-tax pension settlement charge at CNA). For the full year 2025 Loews reported $1,667 million of net income, or $7.97 per share.

Quarter headline

Q4 2025 net income attributable to Loews Corporation: $402 million ($1.94/share), up substantially year‑over‑year after adjusting for the prior‑year CNA pension settlement charge.

CNA Financial

CNA contributed $276 million of Q4 2025 net income to Loews (core income $317M vs $342M a year ago). Core was pressured by an unfavorable non‑economic charge tied to an asbestos/environmental portfolio transfer and lower underwriting income, partially offset by higher net investment income; net earned premiums rose ~5%.

Boardwalk Pipelines

Boardwalk net income fell to $110 million in Q4 2025 (from $145M) largely because a $36 million income tax benefit in Q4 2024 did not recur; EBITDA was $287 million (slightly below prior year).

Loews Hotels

Loews Hotels recorded Q4 2025 net income of $6 million (down from $27M) after a $20 million after‑tax asset impairment for the Arlington Sheraton replacement, though Adjusted EBITDA rose 35% to $113 million driven by new Universal Orlando properties and higher ADR/occupancy.

Corporate & balance sheet

Corporate segment returned to profit ($10 million in Q4) driven by higher investment income from the parent trading portfolio. At 12/31/2025 the parent had $3.9 billion of cash and investments and $1.8 billion of debt.

Book value and shares

Book value per share rose to $90.71 as of December 31, 2025 (from $79.49 a year earlier); excluding AOCI book value per share was $95.89 (versus $88.18). Shares outstanding declined to 206.0 million at year‑end.

Share repurchases

Loews repurchased 1.0 million shares in Q4 2025 for $98 million and repurchased 8.9 million shares for $782 million during full‑year 2025.

Litigation note

The Delaware Supreme Court issued a ruling on the 2018 Boardwalk minority interest acquisition that remanded tortious interference and unjust enrichment claims back to the Chancery Court; other claims were resolved in Loews's favor.