Loews Q1 net income falls 9% as CNA results weaken

Loews

04/05/2026 11:11

Overview

U.S. diversified conglomerate's Q1 net income declined yr/yr, revenue rose slightly

Net income fell due to lower CNA Financial results, partly offset by gains at Boardwalk and Hotels

Company repurchased 0.3 mln shares for $31 mln in Q1

Outlook

Loews did not provide specific guidance or forecasts for the current or future periods

Result Drivers

CNA FINANCIAL WEAKNESS - Net income at CNA declined due to lower underlying underwriting results and unfavorable net prior year loss reserve development, partly offset by higher net investment income

PIPELINES GROWTH - Boardwalk Pipelines' net income rose due to higher contracting rates and utilization-based revenues on gas transportation, as well as higher rates on storage, parking and lending

HOTELS IMPROVEMENT - Loews Hotels' net income increased due to higher equity income from joint ventures, mainly from Universal Orlando Resort, driven by higher average daily rates and more available and occupied room nights

Company press release: ID:nPn41CH5Na

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$4.56 bln
Q1 EPS
$1.63
Q1 Net Income Attributable To Loews Corporation
$337 mln


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)