Loews Corporation Releases Second Quarter 2025 Financial Results
NEW YORK, Aug. 4, 2025 /PRNewswire/ -- Loews Corporation (NYSE: L) today released its second quarter 2025 financial results.
Second Quarter 2025 highlights: Loews Corporation reported net income of $391 million, or $1.87 per share, in the second quarter of 2025, compared to $369 million, or $1.67 per share, in the second quarter of 2024. The following are key highlights of our second quarter results:
Consolidated highlights:
| June 30 |
Three Months |
Six Months |
(In millions) |
| 2025 |
2024 |
2025 |
2024 |
| Net Income (Loss) Attributable to Loews Corporation: |
|
|
|
| CNA Financial |
$274 |
$291 |
$526 |
$601 |
| Boardwalk Pipelines |
$88 |
$70 |
$240 |
$191 |
| Loews Hotels & Co |
$28 |
$35 |
$28 |
$51 |
| Corporate |
$1 |
($27) |
($33) |
($17) |
| Net income attributable to Loews Corporation |
$391 |
$369 |
$761 |
$826 |
| Net income per share attributable to Loews Corporation |
$1.87 |
$1.67 |
$3.61 |
$3.72 |
As of June 30, 2025:
- Book value per share: $84.42
- Book value per share excluding AOCI: $91.66
- Shares of common stock outstanding (in millions): 207.5
Six months ended June 30, 2025 compared to 2024
Loews Corporation reported net income of $761 million, or $3.61 per share, compared to $826 million, or $3.72 per share, in 2024. The following are key highlights:
Share Purchases:
Reconciliation of GAAP Measures to Non-GAAP Measures
This news release contains financial measures that are not in accordance with accounting principles generally accepted in the United States of America ("GAAP"). Management believes some investors may find these measures useful to evaluate our and our subsidiaries' financial performance. CNA utilizes core income, underlying loss ratio and underlying combined ratio. Boardwalk utilizes earnings before interest, income tax expense, depreciation and amortization ("EBITDA"), and Loews Hotels utilizes Adjusted EBITDA. These non-GAAP measures are defined and reconciled to the most comparable GAAP measures on pages 6 through 8 of this release.
Earnings Remarks
For Loews Corporation:
- Today, August 4, 2025, earnings remarks will be available on the Investors section of our website at www.loews.com.
- Remarks will include commentary from Loews's president and chief executive officer and chief financial officer.
For CNA:
- Today, August 4, 2025, earnings remarks will be available on the Investor Relations section of CNA's website at www.cna.com.
- Remarks will include commentary from CNA's president and chief executive officer and chief financial officer.
About Loews Corporation
Loews Corporation is a diversified company with businesses in the insurance, energy, hospitality and packaging industries. For more information, please visit www.loews.com.
Forward-Looking Statements
Statements contained in this news release which are not historical facts are "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements are inherently uncertain and subject to a variety of risks that could cause actual results to differ materially from those expected by management of the Company. A discussion of the important risk factors and other considerations that could materially impact these matters, as well as the Company's overall business and financial performance, can be found in the Company's reports filed with the Securities and Exchange Commission and readers of this release are urged to review those reports carefully when considering these forward-looking statements. Copies of these reports are available through the Company's website (www.loews.com). Given these risk factors, investors and analysts should not place undue reliance on forward-looking statements. Any such forward-looking statements speak only as of the date of this news release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any forward-looking statement is based.
