Loews second-quarter profit rises to $444 million on hotels and pipelines

Earnings
โดย Proactive·Read original
Summary · why it matters

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.

Impact on stocks 2

Energy Transition & Power Demand▲ · 1 stocks
Loews Corp
L
▲ PositiveCapitalrelevance

Loews reported higher Q2 profit of $444M, EPS up to $2.16, with strong hotel and pipeline results.

Financials▼ · 1 stocks
CNA Financial Corporation
CNA
▼ NegativeCapitalrelevance

CNA's underwriting deteriorated with combined ratio up 2.4 points to 96.5%, though investment income boosted results.

Off-coverage companies 1

Boardwalk PipelinesPrivate▲ Positive
Capitalrelevance

Boardwalk Pipelines contributed $100M, up from $88M, boosting Loews' results.

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