Loews Corporation Reports Q2 2026 Net Income of $444 Million
Loews Corporation (NYSE: L) reported a net income of $444 million for the second quarter of 2026, up from $391 million in the same period last year. The increase was driven by improved performance across several subsidiaries including CNA Financial, Boardwalk Pipelines, and Loews Hotels. CNA's earnings rose due to higher investment income and lower losses, while Boardwalk saw gains from increased gas transportation rates and sales. Loews Hotels benefited from higher occupancy and average daily room rates. The company’s book value per share climbed to $93.52 as of June 30, 2026, up from $90.71 at the end of December 2025. Excluding AOCI (Accumulated Other Comprehensive Income), it rose further to $99.27. Loews also repurchased 1.4 million shares for $146 million during Q2. The parent company held $4.4 billion in cash and investments as of June 30, with debt at $1.8 billion.
Topics: book value per share financial results net income stock repurchase