Loews Q1 net income falls to $337 million from $370 million on CNA reserve charge
Loews Corporation reported first-quarter 2026 net income of $337 million, or $1.63 per share, down from $370 million, or $1.74 per share, a year earlier, a 9% decline. Lower results at CNA Financial, which included a $106 million reserve charge and a higher combined ratio, drove the drop, partly offset by higher earnings at Boardwalk Pipelines and Loews Hotels.
Key points
- Net income attributable to Loews was $337 million, or $1.63 per share, versus $370 million, or $1.74 per share, in Q1 2025
- CNA Financial net income fell to $194 million from $252 million, with its combined ratio rising to 102.2% from 98.4%
- Loews Hotels adjusted EBITDA rose 53% to $124 million from $81 million, and Boardwalk net income rose to $159 million from $152 million
- Loews repurchased 0.3 million shares for $31 million in Q1 2026; parent company cash and investments were $4.5 billion on March 31, 2026
The filing
Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 04, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.