Loews said net income attributable to Loews Corporation for the 3 months ended March 31, 2025 was $370 million, or $1.74 per share, compared to $457 million, or $2.05 per share, in the comparable 2024 period. It cited lower net income at CNA and Loews Hotels & Co as primary factors.

1. 01

   Loews said net income attributable to Loews Corporation for the 3 months ended March 31, 2025 was $370 million, or $1.74 per share, compared to $457 million, or $2.05 per share, in the comparable 2024 period. It cited lower net income at CNA and Loews Hotels & Co as primary factors.

2. 02

   The company said core income for CNA Property & Casualty Operations decreased $61 million, primarily due to lower underwriting results mainly driven by unfavorable net prior year loss reserve development and higher catastrophe losses. Catastrophe losses were $97 million and unfavorable net prior year loss reserve development was $61 million.

3. 03

   Loews said net income attributable to Loews Corporation for Boardwalk Pipelines increased $31 million and EBITDA increased $39 million. It cited higher total revenues of $105 million driven by re-contracting at higher rates, recently completed growth projects and higher volumes from ethane product sales.

4. 04

   The company said it received $686 million in cash dividends from its subsidiaries during the 3 months ended March 31, 2025, including a special cash dividend of $497 million from CNA. During the same period, it purchased 4.5 million shares of Loews Corporation common stock for $376 million.

Key figures

Quarter ended March 31, 2025

Revenue

$846M

Net income

$370M

EPS

$1.74

Operating cash flow

$736M

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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