Loews Corp

Loews Corporation reported second-quarter net income of $444 million, or $2.16 per share, up from $391 million, or $1.87 per share, a year earlier, with book value per share rising to $93.52 from $90.71. The holding company's three main units—CNA Financial, Boardwalk Pipelines, and Loews Hotels—all posted higher profits, but underwriting at its largest unit, CNA, deteriorated. CNA's net income attributable to Loews rose to $294 million from $274 million, yet its core income fell to $324 million from $335 million, and its combined ratio widened to 96.5% from 94.1%. Boardwalk Pipelines contributed $100 million in net income, up from $88 million, while Loews Hotels saw net income jump 71% to $48 million. The company repurchased 1.4 million shares for $146 million during the quarter, reducing shares outstanding to 204.4 million.

Loews declared a quarterly dividend of $0.0625 per share, in line with its previous payout. The dividend carries a forward yield of 0.22% and is payable on September 1 to shareholders of record as of August 19, with the ex-dividend date also set for August 19.

Loews Corp reported second-quarter net income of $444 million, up from $391 million a year earlier, as stronger results from its hotels and pipeline businesses offset softening insurance underwriting. Earnings per share rose to $2.16 from $1.87, while revenue increased to $4.73 billion from $4.56 billion. Loews Hotels saw net income jump 71% to $48 million, and Boardwalk Pipelines contributed $100 million compared with $88 million. CNA Financial, the commercial insurer that accounts for the bulk of group revenue, delivered $294 million to Loews, though the gain came from investment income rather than underwriting, as its property and casualty combined ratio deteriorated by 2.4 percentage points to 96.5%. Book value per share rose to $93.52 at the end of June from $90.71 at the close of 2025, and the company bought back 1.4 million shares during the quarter at a cost of $146 million.