Loews Corporation Reports Q3 2026 Financial Results

Summary of Filing

On November 2, 2026, Loews Corporation filed a Current Report on Form 8-K under Item 2.02 (Results of Operations and Financial Condition) disclosing its financial results for the third quarter ended September 30, 2026.

Key Financial Highlights

• Consolidated Net Income: Reported net income attributable to Loews Corporation was $306 million, or $1.50 per share, compared to $504 million, or $2.43 per share, for the third quarter of 2025.
• Segment Performance (Three Months Ended September 30, 2026):
  • CNA Financial: Net income attributable to Loews was $180 million versus $371 million in Q3 2025. The decrease was driven by a $125 million unfavorable after-tax impact from annual long-term care reserve assumption updates, higher catastrophe losses, and lower Property & Casualty underlying underwriting results.
  • Boardwalk Pipelines: Net income was $85 million versus $94 million in Q3 2025, impacted by $14 million in after-tax charges related to unrealized losses at Continuum and office relocation impairments.
  • Loews Hotels & Co: Net income rose to $16 million compared to a net loss of $3 million in Q3 2025, supported by higher average daily rates (ADR) and increased occupied room nights.
  • Corporate: Net income of $25 million versus $42 million in Q3 2025, primarily due to lower trading portfolio investment income.
• Book Value: Book value per share stood at $90.24 as of September 30, 2026 ($100.67 excluding AOCI), compared to $90.71 as of December 31, 2025 ($95.89 excluding AOCI).
• Share Repurchases: Loews repurchased 1.6 million shares of common stock during Q3 2026 for $167 million, and an additional 0.6 million shares for $67 million between October 1 and October 30, 2026.