LOEWS CORPORATION REPORTS NET INCOME OF $337 MILLION FOR THE FIRST QUARTER OF 2026

About this update from Loews Corporation

[{"type":"text","content":"NEW YORK, May 4, 2026 /PRNewswire/ -- Loews Corporation (NYSE: L) today released its first quarter 2026 financial results.","length":122,"tagName":"p"},{"type":"text","content":"First Quarter 2026 highlights:Loews Corporation reported net income of $337 million, or $1.63 per share, in the first quarter of 2026, compared to $370 million, or $1.74 per share, in the first quarter of 2025. The following are key highlights of our first quarter results:","length":274,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"CNA Financial Corporation's (NYSE: CNA) net income attributable to Loews Corporation decreased year-over-year primarily due to lower underlying underwriting results and unfavorable net prior year loss reserve development, partially offset by higher net investment income.","length":275,"tagName":"p"}]},{"val":[{"type":"text","content":"Boardwalk Pipelines' net income increased year-over-year primarily due to higher contracting rates and utilization-based revenues on gas transportation, as well as higher rates on storage, parking and lending.","length":213,"tagName":"p"}]},{"val":[{"type":"text","content":"Loews Hotels' net income increased year-over-year primarily due to higher equity income from joint ventures, driven mainly by the Universal Orlando Resort joint ventures.","length":174,"tagName":"p"}]},{"val":[{"type":"text","content":"Corporate segment results decreased year-over-year primarily due to lower investment income from the parent company trading portfolio and higher interest expense.","length":162,"tagName":"p"}]},{"val":[{"type":"text","content":"Book value per share increased to $90.90 as of March 31, 2026, from $90.71 as of December 31, 2025.","length":109,"tagName":"p"}]},{"val":[{"type":"text","content":"Book value per share, excluding AOCI, increased to $97.20 as of March 31, 2026, from $95.89 as of December 31, 2025.","length":126,"tagName":"p"}]},{"val":[{"type":"text","content":"On March 31, 2026, the parent company had $4.5 billion of cash and investments and $1.8 billion of debt.","length":109,"tagName":"p"}]},{"val":[{"type":"text","content":"Loews Corporation repurchased 0.3 million shares of its common stock during the first quarter of 2026 for a total cost of $31 million.","length":134,"tagName":"p"}]}],"tagName":"ul","bulletedList":true...

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