Latest revenue
$613.0M
as of 2026-03-31
Latest net income
$337.0M
as of 2026-03-31
Net margin
55.0%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $22.40B
- Enterprise value
- $-12.08B
- P/E (trailing)
- 13.4×
- Forward P/E
- —
- P/B
- 1.22×
- Dividend yield
- 0.2%
- 52-wk high
- $114.90
- 52-wk low
- $86.77
- Beta
- —
- Shares out
- 205.8M
5-year trend
What this company does
Loews Corporation is a holding company that owns commercial property and casualty insurer CNA Financial (92%), natural gas pipeline operator Boardwalk Pipelines, Loews Hotels, and a majority stake in plastic packaging firm Altium. Insurance premiums drive the business, generating $8.1 billion of the $13.7 billion in nine-month revenue, supplemented by $2.1 billion in investment income from CNA's portfolio. The company is aggressively returning capital, repurchasing $690 million of stock year-to-date and shrinking its share count from 220 million to roughly 207 million.
Generated from L's filing dated 2026-02-10
Key risks
- CNA insurance concentration: 92%-owned CNA drives results; claim reserves rose to $26.5B and re-measurement losses of $59M YTD signal reserve pressure.
- Investment portfolio risk: $44.1B fixed maturities sit $1.2B below amortized cost, with $61M credit-loss allowance amid rate-driven AOCI loss of $1.16B.
- Capital return outpacing cash generation: $706M YTD buybacks plus $1B short-term debt jump suggest rising leverage to fund shrinking float.
Generated from L's filing dated 2026-02-10
Profitability
Net margin
9.0%
11.9%Return on equity
8.9%
7.7%Return on assets
1.9%
11.9%Leverage
Debt / equity
3.62×
4.7%Long-term debt / equity
0.45×
13.8%Debt / assets
78.4%
1.0%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $613.0M | +0.8% | $337.0M | -8.9% | 55.0% |
Q4 2025 2025-12-31 | $16.39B | +6.2% | $402.0M | +115.0% | 2.5% |
Q3 2025 2025-09-30 | $743.0M | -4.3% | $504.0M | +25.7% | 67.8% |
Q2 2025 2025-06-30 | $714.0M | +11.7% | $391.0M | +6.0% | 54.8% |
Q1 2025 2025-03-31 | $608.0M | -9.1% | $370.0M | -19.0% | 60.9% |
Q4 2024 2024-12-31 | $15.43B | — | $187.0M | — | 1.2% |
Q3 2024 2024-09-30 | $776.0M | +31.1% | $401.0M | +58.5% | 51.7% |
Q2 2024 2024-06-30 | $639.0M | +7.9% | $369.0M | +2.5% | 57.7% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Fire, Marine & Casualty Insurance · SIC 6331
Your notes
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Insider activity
Insider buying
$527.2K
Insider selling
$37.6M
Net activity
−$37.1M
Distinct insiders
9
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns L
Institutional value
$7.86B
Total shares held
75.3M
Distinct holders
548
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 14.0M | $1.50B | — | New |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 10.8M | $1.16B | — | New |
| 3 | JPMORGAN CHASE & CO | 8.9M | $944.4M | — | New |
| 4 | VANGUARD PORTFOLIO MANAGEMENT LLC | 7.1M | $753.5M | — | New |
| 5 | Invesco Ltd. | 3.7M | $394.3M | — | New |
| 6 | Allspring Global Investments Holdings, LLC | 2.8M | $295.1M | — | New |
| 7 | DIMENSIONAL FUND ADVISORS LP | 2.3M | $242.3M | — | New |
| 8 | Legal & General Group Plc | 1.3M | $140.1M | — | New |
| 9 | UBS Group AG | 1.3M | $137.5M | — | New |
| 10 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 1.2M | $133.4M | — | New |
| 11 | Boston Partners | 1.2M | $132.5M | — | New |
| 12 | Bank of New York Mellon Corp | 973.0K | $103.9M | — | New |
| 13 | VANGUARD FIDUCIARY TRUST CO | 947.8K | $101.2M | — | New |
| 14 | DEUTSCHE BANK AG\ | 710.3K | $75.8M | — | New |
| 15 | Davis Selected Advisers | 614.1K | $65.5M | — | New |
| 16 | HSBC HOLDINGS PLC | 585.6K | $62.5M | — | New |
| 17 | Swiss National Bank | 515.6K | $55.0M | — | New |
| 18 | Nuveen, LLC | 469.3K | $50.1M | — | New |
| 19 | Swedbank AB | 452.9K | $48.3M | — | New |
| 20 | Sumitomo Mitsui Trust Group, Inc. | 445.3K | $47.5M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
With CNA's claim reserves up $1.55B YTD and a $59M re-measurement loss, what specific accident years and lines drove unfavorable development?
- 2
Net investment income fell to $743M from $776M despite a larger fixed-maturity book—what reinvestment yields are you seeing versus the 2025 maturity wall?
- 3
You repurchased $706M of stock YTD versus $264M last year while short-term debt jumped to $1B from $5M—is buyback pace funded by leverage sustainable?
Refreshed when L files a new report · last from 2026-02-10