Form 8-K · Current report
Loews Corporation 8-K, filed Nov 2, 2026
- Filed
- CIK
- 0000060086
- Accession no.
- 0000060086-26-000054
Summary
Loews Corporation reported third-quarter 2026 net income of $306 million, or $1.50 per share, down from $504 million, or $2.43 per share, a year earlier, as CNA Financial's contribution fell to $180 million from $371 million after a $125 million after-tax charge from annual long-term care reserve assumption updates. Boardwalk Pipelines' net income slipped to $85 million, while Loews Hotels swung to $16 million of net income from a $3 million loss.
Key points
- Loews said the $125 million after-tax long-term care reserve charge at CNA will almost entirely be offset over time by higher investment yields from recent portfolio actions.
- Boardwalk Pipelines' results included $10 million of net unrealized losses at Continuum and a $9 million impairment charge tied to relocating its corporate office; excluding those, results improved on higher gas transportation revenue.
- Loews repurchased 1.6 million shares for $167 million during the third quarter and an additional 0.6 million shares for $67 million between October 1 and October 30, 2026.
- Book value per share was $90.24 at September 30, 2026, down from $90.71 at December 31, 2025; book value per share excluding AOCI rose to $100.67 from $95.89.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 2.02Results of Operations and Financial Condition
- 9.01Financial Statements and Exhibits
From the filing
Item 2.02 Results of Operations and Financial Condition. On November 2, 2026, Loews Corporation issued a press release and posted on its website (www.loews.com) earnings remarks providing information on its results of operations for the third quarter of 2026. The press release is furnished as Exhibit 99.1 and the earnings remarks are furnished as Exhibit 99.2 to this Form 8-K. The information under Item 2.02 and in Exhibits 99.1 and 99.2 in this Current Report is being furnished and shall not be deemed “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. …
An excerpt of the text as filed with the SEC, cut for length.
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