LOEWS CORP

Listed Company

LCIK 0000060086NYSELarge AcceleratedFire, Marine & Casualty InsuranceDelawareFY ends Dec 31

Period

FY 2025

Revenue

$18.45B

Net Income

$1.67B

Total Assets

$86.35B

Equity

$18.69B

Shares Out

205.77M

Op. Cash Flow

$3.28B

+ 13F Filer

Business

LOEWS CORP is a holding company that owns and manages subsidiaries operating in insurance, energy midstream, hospitality and packaging. Its main products and services include commercial property and casualty insurance and related risk management services; transportation, storage and supply services for natural gas, natural gas liquids and ethane; hotel ownership, management and related hospitality services; and manufacture of rigid plastic packaging solutions. The company reports four segments: CNA Financial Corporation, Boardwalk Pipeline Partners, LP, Loews Hotels Holding Corporation and Corporate (including its equity investment in Altium). Its businesses distribute through independent agents, brokers and managing general underwriters for insurance, pipeline networks serving Gulf Coast, Midwest and Northeast markets, hotel ownership/management and North American packaging customers.

Summary from filing dated 2025-02-11

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Insurance premiums	10,900	10,211	9,480	8,667	8,175
Net investment income	2,779	2,780	2,395	1,802	2,259
Investment losses	−81	−81	−53	−199	660
Non-insurance warranty revenue	1,577	1,609	1,624	1,574	1,430
Operating revenues and other	3,279	2,991	2,455	2,200	2,133
Total	18,454	17,510	15,901	14,044	14,657
Insurance claims and policyholders benefits (re-measurement loss of $104, $125, and $88)	8,294	7,738	7,068	6,653	6,371
Amortization of deferred acquisition costs	1,898	1,798	1,644	1,490	1,443
Non-insurance warranty expense	1,526	1,547	1,544	1,471	1,328
Operating expenses and other	4,090	4,170	3,393	3,077	—
Equity method income	−74	−58	−120	−139	−26
Interest	437	441	376	378	424
Total	16,171	15,636	13,905	12,930	12,497
Income before income tax	2,283	1,874	1,996	1,114	2,160
Income tax expense	−511	−380	−451	−223	−475
Net income	1,772	1,494	1,545	891	1,685
Amounts attributable to noncontrolling interests	−105	−80	−111	−69	−123
Net income attributable to Loews Corporation	1,667	1,414	1,434	822	1,562
Basic net income per share (in dollars per share)	7.98	6.42	6.3	3.39	6.02
Diluted net income per share (in dollars per share)	7.97	6.41	6.29	3.38	6
Basic weighted average number of shares outstanding (in shares)	209	220	227	243	260
Diluted weighted average number of shares outstanding (in shares)	209	221	228	243	260

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Fixed maturities, amortized cost of $45,250 and $44,196, less allowance for credit loss of $69 and $45	43,984	41,827	40,626	37,697	44,380
Equity securities, cost of $1,201 and $969	1,292	1,064	1,050	1,139	1,674
Limited partnership investments	2,900	2,500	2,200	2,000	1,900
Other invested assets, primarily mortgage loans, less allowance for credit loss of $15 and $35	1,195	1,113	1,123	1,124	1,091
Short-term investments	6,044	4,606	4,396	4,854	4,860
Total investments	55,376	51,130	49,369	46,768	53,938
Cash	495	541	399	532	621
Receivables	10,983	10,522	9,660	9,403	9,273
Property, plant and equipment	10,695	10,738	10,718	10,027	9,888
Goodwill	349	347	347	346	349
Deferred non-insurance warranty acquisition expenses	3,220	3,525	3,661	3,671	3,476
Deferred acquisition costs of insurance subsidiaries	986	959	896	806	737
Other assets	4,244	4,181	4,147	4,014	3,344
Total assets	86,348	81,943	79,197	75,567	81,626
Claim and claim adjustment expense	26,599	24,976	23,304	22,120	21,269
Future policy benefits	13,448	13,158	13,959	13,480	18,010
Unearned premiums	7,635	7,346	6,933	6,374	5,761
Total insurance reserves	47,682	45,480	44,196	41,974	43,171
Payable to brokers	53	110	79	133	90
Short-term debt	1,052	5	1,084	854	93
Long-term debt	8,437	8,939	7,919	8,165	8,986
Deferred income taxes	839	550	398	243	1,079
Deferred non-insurance warranty revenue	4,138	4,530	4,694	4,714	—
Other liabilities	4,506	4,392	4,302	4,283	4,529
Total liabilities	66,707	64,006	62,672	60,366	62,451
Commitments and contingent liabilities	—	—	—	—	—
Preferred stock	—	—	—	—	—
Common stock	2	2	2	2	2
Additional paid-in capital	2,374	2,490	2,589	2,748	2,885
Retained earnings	17,377	16,459	15,617	14,931	14,776
Accumulated other comprehensive loss	−1,067	−1,867	−2,497	−3,320	186
Shareholders' equity before treasury stock, total	18,686	17,084	15,711	14,361	17,849
Less treasury stock, at cost (0 and 212,251 shares)	0	−18	−7	−12	−3
Total shareholders equity	18,686	17,066	15,704	14,349	17,846
Noncontrolling interests	955	871	821	852	1,329
Total equity	19,641	17,937	16,525	15,201	17,471
Total liabilities and equity	86,348	81,943	79,197	75,567	81,626

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Equity method investees	9	−66	18	236	−74
Amortization of investments	−208	−200	−191	−129	−81
Depreciation and amortization	610	583	538	509	515
Provision for deferred income taxes	112	−45	127	−50	209
Other non-cash items	122	98	109	90	81
Receivables	−408	−929	−268	−316	−1,409
Deferred acquisition costs	−17	−69	−85	−79	−30
Insurance reserves	1,670	2,365	1,667	2,058	2,485
Other assets	223	417	−88	−391	−946
Other liabilities	−274	−9	−95	137	897
Trading securities	−413	−695	577	159	−49
Net cash flow provided by operating activities	3,279	3,025	3,907	3,314	2,623
Purchases of fixed maturities	−7,118	−6,353	−6,616	−9,821	−9,307
Proceeds from sales of fixed maturities	2,946	2,793	4,029	5,909	3,816
Proceeds from maturities of fixed maturities	3,357	2,396	1,334	2,358	4,464
Purchases of equity securities	−593	−444	−293	−294	−304
Proceeds from sales of equity securities	505	523	317	509	316
Purchases of limited partnership investments	−447	−335	−402	−337	−440
Proceeds from sales of limited partnership investments	103	98	231	171	307
Purchases of property, plant and equipment	−579	−632	−686	−660	−482
Acquisitions	—	—	−401	—	—
Change in short-term investments	−920	−30	−80	−27	−141
Other, net	−82	9	−178	−171	87
Net cash flow used by investing activities	−2,828	−1,975	−2,745	−2,347	−1,187
Dividends paid	−52	−55	−57	−61	−65
Dividends paid to noncontrolling interests	−86	−85	−74	−98	−64
Purchases of Loews Corporation treasury stock	−806	−608	−849	−729	−1,136
Purchases of subsidiary stock from noncontrolling interests	−34	−20	−202	−66	−18
Principal payments on debt	−869	−1,366	−878	−640	−1,193
Issuance of debt	1,401	1,294	778	573	1,199
Other, net	−67	−58	−18	−16	−12
Net cash flow used by financing activities	−513	−898	−1,300	−1,037	−1,289
Effect of foreign exchange rate on cash	16	−10	5	−19	−4
Net change in cash	−46	142	−133	−89	143

Filings

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Holdings (13F)

Portfolio as of 2026-01-14 · 50 positions

Reported AUM

$12.28B

Holdings

Top sector

$12.28B

Top sectors

Sector	Value	% of portfolio
Uncategorized	$12.28B	100.0%

Top holdings

Issuer	Ticker	Shares	Value	%
CNA FINL CORP	—	243.21M	$11.83B	96.3%
META PLATFORMS INC	—	155.0K	$34.47M	0.3%
GENERAL ELECTRIC CO	—	375.0K	$34.31M	0.3%
ARDAGH METAL PACKAGING S.A.	—	4.00M	$32.52M	0.3%
CIGNA CORP NEW	—	100.0K	$23.96M	0.2%
BRISTOL-MYERS SQUIBB CO	—	305.0K	$22.27M	0.2%
BERRY GLOBAL GROUP INC	—	370.6K	$21.48M	0.2%
DUN & BRADSTREET HLDGS INC	—	1.10M	$19.27M	0.2%
HANESBRANDS INC	—	1.27M	$18.91M	0.1%
GLOBAL PMTS INC	—	120.0K	$16.42M	0.1%

Frequently asked questions

What is LOEWS CORP's CIK number?

LOEWS CORP's SEC CIK number is 0000060086 (60086). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find LOEWS CORP's SEC filings?

All of LOEWS CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did LOEWS CORP last report earnings?

LOEWS CORP (L) most recently filed an earnings 8-K with the SEC on May 4, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000060086-26-000029). This is LOEWS CORP's most recent earnings filing of record — not a forecast of its next earnings date.

What is LOEWS CORP's most recent earnings 8-K?

LOEWS CORP's latest earnings 8-K (Item 2.02) was filed May 4, 2026 under accession 0000060086-26-000029. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View LOEWS CORP's latest earnings 8-K →
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