Wednesday 4 November 2026 Export L’s income statement to Excel — free account

Loews Corporation

L Financial Insurance Property & Casualty

Loews Corporation’s revenue for fiscal 2025 (year ended December 2025) was $18.5 billion, up 5.39% from fiscal 2024.

Revenue: +1.88%
EPS: −35.2%
Free cash flow: +24.7%
Total debt: −5.35%

Quarter to September 2026, against a year earlier

111.38 1.41 +1.28%

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Market cap: $22.5B
P/E: 15.0×
Fwd P/E: 16.0×
Dividend yield: 0.23%
F-score: 7/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Loews Corporation (L) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2015: revenue by segment, and margins
CNA Financial	9,101	67.84%
Diamond Offshore Drilling Inc.	2,428	18.10%
Boardwalk Pipeline Partners, LP	1,254	9.35%
Loews Hotels Holding Corporation	604	4.50%
Corporate	28	0.21%
Gross margin		59.87%
Operating margin		5.70%
Pre-tax margin		1.82%

Revenue by segment $m

Line	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Diamond Offshore Drilling Inc.	2,428 18.10%	2,825 19.72%	2,926 20.02%	3,072 21.83%	3,334 23.60%	3,361 23.00%	3,653 25.88%
Boardwalk Pipeline Partners, LP	1,254 9.35%	1,236 8.63%	1,232 8.43%	1,187 8.44%	1,144 8.10%	1,129 7.72%	910 6.45%
Loews Hotels Holding Corporation	604 4.50%	475 3.32%	380 2.60%	397 2.82%	337 2.39%	308 2.11%	284 2.01%
Corporate	28 0.21%	97 0.68%	143 0.98%	52 0.37%	(39) (0.28%)	154 1.05%	178 1.26%
High Mount	—	—	—	—	390 2.76%	455 3.11%	620 4.39%
Cna Commercial	—	—	—	—	—	4,174 28.56%	4,069 28.82%
Cna Specialty	—	—	—	—	—	3,516 24.06%	3,242 22.97%
Life And Group Non Core	—	—	—	—	—	1,357 9.28%	1,035 7.33%
Other Segments	—	—	—	—	—	161 1.10%	126 0.89%
CNA Financial	—	—	—	—	—	9,208	8,472
Revenue	13,415	14,325	14,613	14,072	14,129	14,615	14,117

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Dividend ratio	Q3 FY2026	0.40%	0.30%	—
Expense ratio	Q3 FY2026	29.7%	29.1%	—
Net earned premiums grew	Q3 FY2026	2.00%	8.00%	—
Net written premium growth	Q3 FY2026	3.00%	3.00%	—
Property and Casualty combined ratio	Q3 FY2026	97.0%	—	—
Property and Casualty underlying combined ratio	Q3 FY2026	94.2%	—	—
Remaining performance obligations	Q3 FY2026	$24.0B	$19.8B	+21.21%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023	Q2 FY2023	Q1 FY2023	Q4 FY2022	Q3 FY2022	Q2 FY2022	Q1 FY2022	Q4 FY2021	Q3 FY2021	Q2 FY2021	Q1 FY2021	Q4 FY2020	Q3 FY2020	Q2 FY2020	Q1 FY2020	Q4 FY2019	Q3 FY2019	Q2 FY2019	Q1 FY2019	Q4 FY2018	Q3 FY2018	Q2 FY2018	Q1 FY2018
Dividend ratio	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Expense ratio	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Net earned premiums grew	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Net written premium growth	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Property and Casualty combined ratio	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Property and Casualty underlying combined ratio	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Remaining performance obligations	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.