Loews
L NYSE· Multi-line Insurance
Last close · Oct 27, 2026
$111.02
KIRA · Stoqly’s AI analyst, in plain words
- Loews had $18.5B of revenue in fiscal 2025, up 5.4% on the year before. Over five years, revenue changed +8.0% a year on average.
- Loews made $1.7B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 17.1% a year.
- Free cash flow was $2.7B in fiscal 2025, 14.6% of revenue.
- Loews returned $858M to shareholders in fiscal 2025, 32% of free cash flow. The diluted share count fell 5.2%.
- Loews owes $3.0B more than it holds in cash, about 0.9 years of operating profit.
Market cap
$22.8B
P/E
13.6x
Revenue
$18.5B
Net income
$1.7B
Free cash flow
$2.7B
Operating margin
—
Loews in 30 seconds · fiscal 2025
Are sales growing?
+5.4%
Yes. Sales grew 5.4% last year.
Does it make a profit?
9.0%
A little. It keeps 9.0% of every sale as profit.
Does profit turn into cash?
14.6%
Yes. 14.6% of sales ends up as free cash.
Is debt under control?
0.9x
Yes. It could repay its debt with 0.9 years of operating profit.
How is the share priced?
13.6x
One share costs 13.6 times its yearly profit per share. Typical for its sector: 13.7x.
What Loews does
Loews is a holding company, which means it owns other businesses rather than selling products itself. Its main businesses are CNA Financial, a commercial property and casualty insurer; Boardwalk Pipelines, which transports and stores natural gas, natural gas liquids and other hydrocarbons; and Loews Hotels, which operates a chain of hotels. It also owns part of Altium Packaging, which makes rigid plastic packaging. Loews reports four segments: CNA, Boardwalk Pipelines, Loews Hotels and Corporate. Loews owns about 92% of CNA, and CNA made up 81.2% of Loews' consolidated revenue in 2025. CNA sells coverages such as professional and management liability, surety bonds, warranty products and standard commercial property and casualty insurance. It sells them through independent agents and brokers to businesses, professionals and other groups, in the United States, Canada, the United Kingdom and Europe. Boardwalk Pipelines and Loews Hotels are wholly owned.
Biggest risks, in its own words
- CNA's insurance reserves may fall short of what it eventually pays in claims.
- CNA's exposure to losses from natural and man-made disasters, and to asbestos and environmental pollution claims.
- Losses on CNA's investments and swings in investment income as financial markets move.
- Boardwalk Pipelines depends on a limited number of customers for a significant share of its revenue.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 10, 2026
- Legal name
- LOEWS CORP
- CIK
- 0000060086
Loews · L
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $14.7B | $14.0B | $15.9B | $17.5B | $18.5B |
| Revenue growth | 16.5% | −4.2% | 13.2% | 10.1% | 5.4% |
| Net income | $1.6B | $822M | $1.4B | $1.4B | $1.7B |
| Net margin | 10.7% | 5.9% | 9.0% | 8.1% | 9.0% |
| Diluted EPS | $6.00 | $3.38 | $6.29 | $6.41 | $7.97 |
| Cash | |||||
| Cash from operations | $2.6B | $3.3B | $3.9B | $3.0B | $3.3B |
| Capital expenditure | $482M | $660M | $686M | $632M | $579M |
| Free cash flow | $2.1B | $2.7B | $3.2B | $2.4B | $2.7B |
| FCF margin | 14.6% | 18.9% | 20.3% | 13.7% | 14.6% |
| Dividends paid | $65.0M | $61.0M | $57.0M | $55.0M | $52.0M |
| Share buybacks | $1.1B | $729M | $849M | $608M | $806M |
| Share count change | −7.2% | −6.5% | −6.4% | −3.2% | −5.2% |
| Debt and strength | |||||
| Cash and short-term investments | $5.5B | $5.4B | $4.8B | $5.1B | $6.5B |
| Debt incl. finance leases | $9.1B | $9.0B | $9.0B | $8.9B | $9.5B |
| Shareholders' equity | $17.8B | $14.3B | $15.7B | $17.1B | $18.7B |
| Net debt / EBITDA | 1.2x | 1.8x | 1.5x | 1.3x | 0.9x |
| Interest coverage | 6.1x | 4.0x | 6.3x | 5.3x | 6.2x |
| Returns and quality | |||||
| Return on capital | 9.4% | 6.0% | 9.3% | 8.7% | 9.5% |
| Return on equity | 8.8% | 5.1% | 9.5% | 8.6% | 9.3% |
Insiders bought, 12 months
$1.1M
1 insider
Insiders sold, 12 months
$36.6M
8 insiders
Of sales under plans
2%
$0.6M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Loews · L
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Loews L | $22.8B | 5.4% | — | 14.6% | 9.5% | 13.6x | — |
| Assurant AIZ | $14.3B | 7.9% | — | 12.5% | 17.5% | 13.7x | — |
| American International Group AIG | $42.5B | −1.8% | — | — | 9.3% | 14.5x | — |
| American Financial Group AFG | $12.6B | −1.8% | 13.1% | — | 17.8% | 13.2x | — |
| Corebridge Financial CRBG | $16.1B | −1.2% | — | — | — | 22.2x | — |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $111.02 a share, the company is worth $22.8B: 13.6 times its earnings of the last four quarters.
Loews grew sales faster than 3 of its 4 similar companies. Its P/E is higher than 1 of 4.
Source: SEC EDGAR XBRL filings (CIK 0000060086). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.