Loews Corp reported second-quarter 2026 results with revenue of $4.734B and net income attributable to Loews of $444M, driven by higher investment income and stronger operating results across its hospitality and pipeline businesses. Diluted EPS was $2.16 for the quarter, up from $1.87 a year earlier.
Financial Highlights
- Revenue was $4.73B, compared with $4.56B in the prior-year quarter; YoY change 4%.
- Net income was $444M, compared with $391M in the prior-year quarter; YoY change 13.6%.
- Diluted EPS was $2.16, compared with $1.87 in the prior-year quarter; YoY change 15.5%.
Business Highlights
- Insurance: CNA recorded higher investment income but weaker underlying underwriting results; the P&C underlying combined ratio worsened due to loss and reserve development.
- Pipeline: Boardwalk progressed approximately $3.4B of pipeline and storage growth projects (about 4.5 Bcf/d and 10 Bcf) and completed the acquisition of Continuum, boosting product sales and contracting rates.
- Hospitality: Loews Hotels saw growth in average daily rates, occupied room nights and JV equity income, aided by openings at Universal Orlando and completion of Miami Beach renovations.
- Capital & liquidity: The parent received substantial dividends from subsidiaries and funded share repurchases and growth capital expenditures at subsidiaries to support ongoing operations.
Original SEC Filing:
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