NYSE$L

Loews Corp · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

Loews reported Q3 2025 operating revenues of $4.67B with net income of $536M and diluted EPS of $2.43.

Operating revenues were $4.67 billion with net income attributable to Loews of $504 million ($2.43 diluted EPS). Results reflect CNA insurance operations, Boardwalk pipelines, Loews Hotels, and Altium packaging contributions.

  • Q3 operating revenues $4.67B.
  • Net income attributable to Loews $504M.
  • Diluted EPS $2.43.
  • CNA and energy subsidiaries drive consolidated earnings.

Headline financials

Total Revenue

$4.67B

Previous: $4.47B+4.6%
EPS (adj)

$2.43

Previous: $1.82+33.5%
Book Value / Share

$88.39

Previous: $79.49+11.2%
BVPS ex-AOCI

$94.00

Previous: $88.18+6.6%
Shares Outstanding

206.9M

No prior period
Shares Repurchased

600.0K

No prior period
Repurchase Cost

$56M

No prior period
Cash & Investments

$3.6B

No prior period
Parent Company Debt

$1.8B

No prior period
CNA Combined Ratio

92.8%

Previous: 97.2%-4.5%
CNA Underlying CR

91.3%

Previous: 91.6%-0.3%
Boardwalk EBITDA

$267M

Previous: $249M+7.2%
Loews Hotels Adj. EBITDA

$69M

Previous: $64M+7.8%
Capital Expenditures

-$388M

Previous: -$458M+15.3%
Net Income

$504M

Previous: $401M+25.7%
Operating Income

$689M

Previous: $1.11B-37.8%

Revenue & EPS history

Loews · Revenue · Quarterly

$4.67B

Q3 2025+4.6%vs Q3 2024

Revenue by segment

Loews · $3.9B total across 3 segments · Q3 2023

  • CNA Financial
    $3.34B+12.8%
  • Boardwalk Pipelines
    $363M+7.1%
  • Loews Hotels & Co
    $196M+8.9%

Forward guidance

The filing discusses Loews Corporation's outlook, capital deployment, and key risks without relying solely on numeric EPS guidance.

Tailwinds

  • Loews Corporation cites execution on strategic priorities in the filing.
  • Balance sheet and liquidity support continued operations.

Headwinds

  • Macro, competitive, and cost pressures may affect margins.
  • Segment mix and one-time items can affect comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+0.2%

Avg return

Earnings day

+1.0%

Avg return

5 days after

+1.1%

Avg return

30 days after

49%

33 / 67 earnings

Positive

+9.3%

Q3 2020

Best reaction

-6.2%

Q1 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-6.2%-6.5%-7.8%
Q4 2025-0.3%-2.2%-2.2%
Q3 2025-0.1%+3.0%+6.2%
Q1 2025-2.0%+0.3%+0.1%
Q4 2024-1.0%-4.3%-3.2%
Q3 2024-1.1%+4.8%+8.3%
Q2 2024+0.5%-1.7%+1.5%
Q1 2024+1.8%+2.1%-1.9%
Q4 2023-0.3%-0.4%+3.3%
Q3 2023+1.9%+4.7%+9.1%
Q2 2023+1.2%+1.2%-0.2%
Q1 2023+2.5%+1.8%-2.7%
Q4 2022+4.4%+3.4%-2.1%
Q3 2022-2.6%-4.3%+0.3%
Q2 2022-5.0%-5.4%-5.0%
Q1 2022-0.1%+2.5%+3.0%
Q4 2021+0.8%+0.6%-0.4%
Q3 2021+2.4%+2.1%-4.7%
Q2 2021-0.1%+2.4%+3.8%
Q1 2021+3.1%+4.8%+4.6%
Q4 2020+0.6%+1.7%+5.6%
Q3 2020+9.3%+8.7%+22.8%
Q2 2020-2.8%+3.7%+0.5%
Q1 2020-2.6%-1.9%+12.2%
Q4 2019+2.8%+1.8%-25.4%
Q3 2019-3.2%-2.4%+0.0%
Q2 2019-1.8%-2.9%-7.4%
Q1 2019+2.2%+1.3%+2.1%
Q4 2018-3.3%-1.6%+0.5%
Q3 2018+7.0%+7.1%+1.5%
Q2 2018+2.0%+2.8%+1.4%
Q1 2018+1.3%-1.5%-5.7%
Q4 2017+2.9%+7.2%+9.1%
Q3 2017+3.3%+3.5%+5.0%
Q2 2017+1.9%+1.8%-3.4%
Q1 2017+0.9%+0.8%+1.2%
Q4 2016-0.4%-0.3%+1.4%
Q3 2016+3.3%+1.0%+8.8%
Q2 2016-2.8%-0.4%+1.3%
Q1 2016+0.5%
Q4 2015+0.2%
Q3 2015+2.2%
Q2 2015-1.6%
Q1 2015-1.1%
Q4 2014+1.9%
Q3 2014-1.0%
Q2 2014-0.3%
Q1 2014-0.1%
Q4 2013-2.9%
Q3 2013+0.7%
Q2 2013-0.7%
Q1 2013+0.5%
Q4 2012-0.5%
Q3 2012-0.3%
Q2 2012-5.1%
Q1 2012+1.3%
Q4 2011+1.1%
Q3 2011-2.0%
Q2 2011-1.9%
Q1 2011+1.1%
Q4 2009-0.1%
Q4 2010-0.1%
Q3 2010+0.5%
Q2 2010+0.6%
Q1 2010+1.7%
Q2 2009-1.4%
Q2 2008-1.4%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro