Form 10-Q · Quarterly report
Loews Corporation 10-Q, filed Nov 2, 2026
- Filed
- CIK
- 0000060086
- Accession no.
- 0000060086-26-000056
Summary
Loews Corporation's third-quarter net income attributable to the company was $306 million, or $1.50 per share, down from $504 million, or $2.43 per share, a year earlier, with the decline driven by lower results at CNA, Boardwalk Pipelines, and Corporate, partly offset by higher Loews Hotels & Co results. CNA's decrease included a $125 million after-tax and noncontrolling-interest unfavorable impact from annual long-term care reserve assumption updates.
Key points
- CNA's third-quarter net income attributable to Loews fell to $180 million from $371 million, primarily due to a $125 million after-tax and noncontrolling-interest unfavorable impact from annual long-term care reserve assumption updates, lower property and casualty underwriting results, and higher catastrophe losses.
- Boardwalk Pipelines' third-quarter net income declined to $85 million from $94 million, driven by higher operating expenses including $14 million after-tax charges from net unrealized losses at Boardwalk Continuum Marketing and an impairment charge tied to a corporate office relocation, partly offset by higher gas transportation revenues.
- Loews Hotels & Co's third-quarter net income rose to $16 million from a $3 million loss, helped by a higher average daily rate and more occupied room nights across most of the portfolio.
- Corporate segment third-quarter net income fell to $25 million from $42 million, primarily on lower investment income from the parent company's trading portfolio.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management’s Discussion Overview 43 Results of Operations 44 Consolidated Financial Results 44 CNA Financial 45 Boardwalk Pipelines 55 Loews Hotels & Co 59 Corporate 60 Liquidity and Capital Resources 60 Parent Company 60 Subsidiaries 61 Investments 62 Critical Accounting Estimates 67 Accounting Standards Update 67 Forward-Looking Statements 67 OVERVIEW Loews Corporation is a holding company and has four reportable segments comprised of three individual consolidated operating subsidiaries, CNA Financial Corporation (“CNA”), Boardwalk Pipeline Partners, LP (“Boardwalk Pipelines”) and Loews Hotels Holding Corporation (“Loews Hotels & Co”); and the Corporate segment. …
An excerpt of the text as filed with the SEC, cut for length.
Readster writes AI-generated summaries of public filings for research purposes only. Summaries can be incomplete or wrong — check the original filing on SEC.gov before relying on it. Nothing here is investment, legal or medical advice.