LOEWS CORP recently released its 10-Q report. Loews Corporation is a holding company with four reportable segments: CNA Financial, Boardwalk Pipelines, Loews Hotels & Co, and Corporate. Through its subsidiaries, it writes commercial property and casualty insurance, transports and stores natural gas and natural gas liquids, operates hotels, and manufactures plastic packaging and resins.
For the three months ended March 31, 2026, Loews reported net income attributable to the company of $337 million, or $1.63 per share, down from $370 million, or $1.74 per share, a year earlier. CNA Financial contributed $194 million, compared with $252 million in the prior-year quarter; Boardwalk Pipelines contributed $159 million, up from $152 million; Loews Hotels & Co contributed $26 million, versus a year-ago amount that was not separately stated in the summary table; and Corporate posted a loss of $42 million, compared with a loss of $34 million.
At CNA, total revenue for the quarter rose to $3.677 billion from $3.627 billion. Insurance premiums increased to $2.701 billion from $2.626 billion, and net investment income edged up to $610 million from $604 million. Those gains were offset by higher insurance claims and policyholders’ benefits of $2.175 billion, up from $2.027 billion, and lower non-insurance warranty revenue of $374 million, down from $397 million. CNA’s pretax income fell to $267 million from $349 million, and net income attributable to Loews declined to $194 million from $252 million.
CNA’s Property & Casualty Operations generated net written premiums of $2.622 billion and net earned premiums of $2.598 billion. The combined ratio was 102.2%, compared with 98.4% a year earlier, while the underlying combined ratio was 94.5%, versus 92.1%. The loss ratio increased to 71.8% from 67.8%, and the underlying loss ratio rose to 64.1% from 61.5%.
By line, Specialty posted net written premiums of $834 million, down from $842 million, with an underwriting loss of $24 million versus underwriting gain of $42 million a year earlier. Commercial net written premiums were $1.480 billion, down from $1.498 billion, and the underwriting loss widened to $49 million from $17 million. International net written premiums increased to $308 million from $266 million, and underwriting gain was $14 million, compared with $15 million.
Boardwalk Pipelines’ results improved on higher contracting rates and utilization-based revenues on gas transportation, along with higher rates on storage, parking and lending. Loews Hotels & Co also improved, with the company citing higher equity income from joint ventures, mainly tied to the Universal Orlando Resort joint ventures. Corporate results weakened because of lower investment income from the parent company trading portfolio and higher interest expense. Following these announcements, the company's shares moved -1.64%, and are now trading at a price of $110.58. For more information, read the company's full 10-Q submission here.
