AI-extracted from the 10-Q filed 2026-08-03 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Loews' Q2 2026 net income rose to $444M ($2.16/share) from $391M a year ago, driven mainly by higher investment income and lower investment losses at CNA rather than underwriting improvement, as CNA's underlying combined ratio worsened to 94.2% from 91.7%.
Biggest Revenue Drivers
CNA Financial$3,829M+3% YoY
Higher insurance premiums and net investment income, though underlying underwriting results were lower
Boardwalk Pipelines$576M+7% YoY
Higher gas transportation contracting rates and growth project revenue, plus $22M higher product sales including Continuum acquisition contribution
Biggest Revenue Drivers
Total revenue: $4.73B+4% YoY
CNA Financial$3,829M+3% YoY
Higher insurance premiums and net investment income, though underlying underwriting results were lower
Boardwalk Pipelines$576M+7% YoY
Higher gas transportation contracting rates and growth project revenue, plus $22M higher product sales including Continuum acquisition contribution
Loews Hotels & Co$276M+9% YoY
Higher average daily rate and occupied room nights across most of the portfolio, particularly Loews Miami Beach post-renovation
Corporate$53M+13% YoY
Improved trading portfolio results at the Parent Company
Largest Expense Items
Insurance claims and policyholders' benefits$2,169M+4% YoY
Includes $60M of catastrophe losses and $91M of unfavorable net prior year loss reserve development
Operating expenses and other$1,040M+5% YoY
Higher employee-related costs at Boardwalk Pipelines including new hires from the Continuum acquisition
Amortization of deferred acquisition costs$481M+3% YoY
Non-insurance warranty expense$356M-7% YoY
Margins: CNA's Property & Casualty underlying combined ratio deteriorated to 94.2% from 91.7% YoY, with higher underlying loss ratios in Specialty and International; consolidated net income growth was driven by investment results, not underwriting improvement.
Watch Items from the Filing
Boardwalk Pipelines' Delaware litigation over its 2018 unit purchase remains unresolved after a December 2025 partial Supreme Court reversal; the company cannot estimate loss but states resolution 'could be material' to its financial position.
CNA's Other Insurance Operations recorded $97M of unfavorable prior-year reserve development in Q2 2026, largely tied to legacy mass tort abuse claims and social inflation.
CNA Property & Casualty combined ratio rose to 96.5% in Q2 2026 from 94.1% a year earlier, with Specialty up 2.9 points and International up 4.1 points.
Catastrophe losses of $60M were recorded in the quarter (vs. $62M in Q2 2025), continuing exposure to severe weather events in CNA's P&C book.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
About LOEWS CORP (L): stock profile, AI score and financials
LOEWS CORP (L) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores L at 63.4/100 on a composite quality score built from its SEC filings, placing it at rank #619 of 2,925 stocks — the top 25% of the AI-ranked universe. L scores in the top quartile across revenue scale (91.9). Based on the latest XBRL financial filings (Q2 2026), LOEWS CORP reports quarterly revenue of $4.7B, net income of $444.0M, an operating margin of 12.9%. Top institutional holders of L by reported 13-F value include BlackRock, VANGUARD CAPITAL MANAGEMENT, JPMORGAN CHASE, based on the most recent SEC filings. L trades on the NYSE exchange and files with the SEC under CIK 60086. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate L daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for LOEWS CORP directly from SEC EDGAR.