Business
LOEWS CORPORATION REPORTS NET INCOME OF $504 MILLION FOR THE THIRD QUARTER OF 2025
Loews Corporation (NYSE: L) today released its third quarter 2025 financial results.
About this update from Boardwalk Real Estate Investment Trust
[{"type":"text","content":"NEW YORK, Nov. 3, 2025 /PRNewswire/ -- Loews Corporation (NYSE: L) today released its third quarter 2025 financial results.","length":123,"tagName":"p"},{"type":"text","content":"Third Quarter 2025 highlights: ","length":36,"tagName":"p"},{"type":"text","content":"Loews Corporation reported net income of $504 million, or $2.43 per share, in the third quarter of 2025, compared to $401 million, or $1.82 per share, in the third quarter of 2024. The following are key highlights of our third quarter results:","length":243,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"CNA Financial Corporation's (NYSE: CNA) net income attributable to Loews increased 43% year-over-year due to improved Property and Casualty underwriting results driven by lower catastrophe losses, improved underlying underwriting results and higher net investment income.","length":275,"tagName":"p"}]},{"val":[{"type":"text","content":"Boardwalk Pipelines' net income improved 22% year-over-year due to higher re-contracting rates, recently completed growth projects and increased storage and parking and lending revenues.","length":190,"tagName":"p"}]},{"val":[{"type":"text","content":"On October 30, 2025, Boardwalk executed a precedent agreement for its Texas Gateway Project, which would add 1.5 Bcf/d of capacity to connect supply from Katy and Carthage, Texas hubs to growing demand in Southwest Louisiana near Gillis. This brings Boardwalk's total announced growth projects to 4.2 Bcf/d of additional capacity at an anticipated aggregate cost of approximately $3.0 billion.","length":397,"tagName":"p"}]},{"val":[{"type":"text","content":"Loews Hotels' third quarter results improved year-over-year primarily due to higher equity income from the Universal Orlando Resort joint ventures.","length":151,"tagName":"p"}]},{"val":[{"type":"text","content":"Corporate segment results decreased year-over-year due to lower investment income from the parent company trading portfolio.","length":124,"tagName":"p"}]},{"val":[{"type":"text","content":"Book value per share increased to $88.39 as of September 30, 2025, from $79.49 as of December 31, 2024.","length":103,"tagName":"p"}]},{"val":[{"type":"text","content":"Book value per share, excluding AOCI, increased to $94.00 as of September 30, 2025, from $88.18 as of December 31, 2024.","length":1...