8-KItem 2.02 · Results of OperationsItem 9.01 · Financial Statements
Loews Reports Third-Quarter Profit Decline on CNA Reserve Charge
Filed with the SEC on · Summarized by InvestorsBot
Loews reported third-quarter 2026 net income of $306 million, or $1.50 per share, down from $504 million, or $2.43 per share, a year earlier, largely due to CNA’s $125 million after-tax long-term-care reserve impact and weaker property-and-casualty underwriting. Loews Hotels’ adjusted EBITDA rose 25% to $86 million, while the company repurchased 1.6 million shares for $167 million during the quarter and an additional 0.6 million shares for $67 million through October 30.