Loews Q3 2026: net income falls 39.3% as CNA books $125 million charge
Loews earned $1.50 a share, down from $2.43, because its insurance arm absorbed a $125 million after-tax long-term care reserve charge. Revenue of $4.76 billion barely moved, up 1.9%, so this was a margin and reserve story, not a demand story. Hotels and pipelines held; CNA did not.
1 · Expected vs. Actual
Free preview belowDiluted EPS of $1.50 fell 38.3% from $2.43, and net income of $306 million fell 39.3% from $504 million. The damage is concentrated: CNA contributed $180 million versus $371 million, while Loews Hotels swung to a $16 million profit from a $3 million loss and Boardwalk slipped to $85 million from $94 million.
Revenue of $4.76 billion rose 1.9% from $4.67 billion a year earlier, and the four segment lines add up exactly to that total: CNA $3.82 billion, Boardwalk $616 million, Loews Hotels $250 million and corporate investment income $72 million. Ignore the $843 million revenue figure carried in the machine-readable data attached to this filing; it reconciles to nothing in the press release, while the segment sum of $4.76 billion does.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-02
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