Loews' profit rises on strength across insurance, pipeline and hotel businesses

Loews

03/08/2026 12:02

Aug 3 (Reuters) - Loews Corp L.N reported a rise in second-quarter profit on Monday, helped by strong performance across its businesses.
Loews operates in insurance, energy, hospitality and packaging via units including CNA Financial CNA.N, Boardwalk Pipelines, Loews Hotels. 
     
Here are some more details:
The company generates the bulk of its revenue from CNA Financial CNA.N, the insurance giant in which it owns a more than 90% stake, according to data compiled by LSEG.
Quarterly income at Loews' insurance unit rose 7.3% to $294 million, while core income decreased 3.3% to $324 million from a year ago, driven by lower underlying underwriting results partially offset by higher net investment income.
Net investment income rose to $761 million from $714 million at Loews from a year ago, while combined ratio increased by 2.4 percentage points to 96.5% at the insurance unit.
A ratio below 100% means an insurer earned more in premiums than it paid out in claims.
Net income at Boardwalk Pipelines and Loews Hotels rose 13.6% and 71.4% to $100 million and $48 million respectively.
Net income attributable to Loews rose to $444 million, or $2.16 per share, in the three months ended June 30, compared with $391 million, or $1.87 per share, a year earlier.

 (Reporting by Pragyan Kalita in Bengaluru; Editing by Shailesh Kuber)
 ((Pragyan.Kalita@thomsonreuters.com;))