undamentalytics Newsletter

Loews Corporation (L) stock

Add holding +

NYSE: L NYSE Multi-line Insurance Next results ~February 8, 2027

C+ Fundamentals grade

Loews Corporation is a US-listed company in the multi-line insurance industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$100

Valuation models combined (6)

Base case. Range ~$67–$120. Weighted average of 6 models (residual income, justified price-to-book, price-to-book vs return on equity (peers), price-to-book vs peers, price-to-earnings vs peers, dividend discount (two-stage)), the residual income counting double.

Price vs value

Modestly overvalued

The price is inside our value range, 11% above our base value.

Price used: $111.34, November 2, 2026

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 8 selling2 purchases and 21 sales by directors and officers, last 12 monthsInsider trades
  • Funds378 adding, 314 cuttingOf 66 active managers that changed their stake, 32 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Loews files

10-Q filed November 2: Loews

Model value +1.2%

Revenue for the twelve months to September 2026 was $18.8bn, up 2.8% on a year earlier, slower than the 3.5% growth a quarter earlier. The diluted share count is down 2.9% on a year earlier, which lifts each remaining share. Its fundamentals grade moves from B to C+. Our model value rises from $99.25 to $100 a share, against a share price of $111. The rating stays Hold.

Source: 10-Q filed November 2, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Loews stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $18.7bn, up 3.5% on a year earlier, slower than 4.2% a quarter earlier. The diluted share count is down 3.9% on a year earlier, which lifts each remaining share. Our valuation models combined value is $99.85 a share, against a share price of $111.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 8, 2027 (estimated)

Loews Corporation's trailing-twelve-month revenue grew 2.8% year on year, with a free-cash-flow margin of 9.0%. Where it stands out: stock pay as % of revenue of 0.2% ranks 1 of 5 multi-line insurance companies we cover. Where it lags: net margin of 7.9% ranks 6 of 7 multi-line insurance companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 44.3% while net income grew 2.5%: a 47pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Strengths

  • Shrinking share count. Diluted shares fell 2.9% in a year, so each share owns more of the business.

Things to watch

  • Below peers: net margin. Net margin of 7.9% ranks 6 of 7 multi-line insurance companies we cover (median 10.2%).

Latest results: FY2026 Q3

Filed November 2, 2026
Revenue
$4.76bn, up 1.9% on a year earlier
Next report
November 2, 2026

Loews' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+0.0%
  • 1 week-0.1%
  • 1 month+5.0%
  • This year+5.9%
  • 1 year+12.1%
  • 5 years+97.3%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$18.8B
Net margin
7.9%
EPS (TTM, diluted)
$7.24

Growth

Revenue growth
+2.8%
Change in growth rate
−0.7 pts
Share count change
−2.9%

Earnings

Last results
November 2, 2026
Next results (est.)
February 8, 2027

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement

    CNA Financial reports third quarter net income of $196 million

    Loews Corporation said CNA Financial reported third quarter 2026 net income of $196 million, or $0.72 per share, down from $403 million in the prior year. Core income was $203 million, or $0.75 per share. The company declared a quarterly cash dividend of $0.48 per share, payable on 3 December 2026.

    Company releaseRead source ↗
  2. Announcement
  3. Results

    Loews reports third-quarter 2026 results

    Loews Corporation said it issued a press release and posted earnings remarks on its website on November 2, 2026. The documents provide information on the company's results of operations for the third quarter of 2026. The filings were furnished as exhibits to a Form 8-K.

  4. Leadership

    Boardwalk names Scott Wexler as new CFO effective January 2027

    Boardwalk Pipelines said Scott Wexler will become chief financial officer and senior vice president of corporate strategic development on January 1, 2027. He succeeds Steve Barkauskas, who will retire in May 2027 after more than 20 years with the company. Wexler will oversee finance, treasury, and strategic investments.

    Company releaseRead source ↗
  5. Results

    CNA Financial sets 2 November date for third quarter results

    Loews Corporation said CNA Financial will release its third quarter 2026 results before the market opens on Monday, 2 November 2026. The company noted that the earnings presentation and financial supplement will be posted on its website. Management, including CEO Douglas M. Worman and CFO Scott R. Lindquist, will provide commentary in the posted remarks.

    Company releaseRead source ↗
  6. Announcement
  7. Dividend
  8. Announcement
  9. Announcement
  10. Results
  11. Announcement
  12. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$100
Price used
$110.33close November 3, 2026
Implied change
▼ 9%
Uncertainty
Medium

How we got here: the combined value of 6 valuation models built for a business like Loews Corporation (see the models table below and how they are combined) , with a 7.71% cost of equity. The models span ~$67–~$120; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Valuation models

We value Loews Corporation as an insurer, with every model that fits that kind of business. Cost of equity 7.7%: the 10-year Treasury yield (4.9%) plus a beta of 0.62 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$98 ~$61–$160 Primary model, counts double
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$100 ~$83–$130 Included
Price-to-book vs return on equity (peers) The price-to-book that peers with this return on equity trade on, from a line fitted across peers. ~$120 ~$60–$180 Included
Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. ~$120 ~$95–$200 Included
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$67 ~$61–$110 Included
Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. ~$100 ~$82–$140 Included
Combined value Weighted average of the models that apply: the primary model (residual income) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$100 ~$67–$120 6 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Loews Corporation with property, casualty and specialty insurers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

64 /100

Moderate moat

How hard Loews's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Net income has been a median 1.7% of total assets over 10 years.

  • Durability 1 / 20

    Net margin has been a median 7.9%; its worst year was -8.7%.

  • Discipline 20 / 20

    The diluted share count fell 22.5% over five years; stock-based pay has been a median 0.2% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (69 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for Loews Corporation: too few analysts cover it.

Management guidance

Earnings release, August 3, 2026

No numeric guidance in Loews Corporation's latest earnings release (filed August 3, 2026). Some companies give their outlook only on the earnings call.

Positioning

Short interest
2.4%
of tradable shares
Days to cover
3.81
at average volume
Short interest, 1 month
−17%
to October 15, 2026
Held by institutions
62%
of shares
Held by insiders
20.1%
of shares
Employees
13,100
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +12.1%

$99.33 on October 31, 2025 to $111.34

Loews Corporation: share-price change split into its parts
PartThenNowEffect
Revenue (last 12 months) $18.1bn $18.7bn +3.5%
Net margin 7.5% 9.0% +20.8%
P/E multiple 15.8x 13.6x −13.9%
Share count 215m 207m +4.0%

Biggest factor: net margin.

Last 3 years +70.7%

$65.23 on November 3, 2023 to $111.34

Loews Corporation: share-price change split into its parts
PartThenNowEffect
Revenue (last 12 months) $15.0bn $18.7bn +24.9%
Net margin 7.1% 9.0% +26.5%
P/E multiple 14.4x 13.6x −5.0%
Share count 235m 207m +13.8%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Loews Corporation: yearly return, monthly win rate and worst fall against the S&P 500
Calendar year 202120222023202420252026 to date
Return
L+29%+1%+20%+22%+25%+6%
Industry peers (median)+10%−0%+30%+29%+20%+5%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
L67%58%50%58%67%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
L−12%−26%−15%−7%−12%−13%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 49% from July 3, 2019 to May 13, 2020. Getting back needed a 94% gain, reached on April 29, 2021, 351 days after the low.

Price behaviour

52-week range
$99.19 – $119.33
From 52-week high
−6.7%
vs 50-day average
+2.5%
vs 200-day average
+1.8%
Volatility (1 year)
16%
Beta vs S&P 500
-0.05

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 7 down
typical move ±1.6%
After a week
6 up, 5 down
typical move ±3.0%
After a month
6 up, 5 down
typical move ±4.2%
Loews Corporation: share-price change after each results release
Results releasedNext dayS&P 500 next day5 days21 days
August 3, 2026 0.0% +3.3% −1.9% −6.2%
May 4, 2026 −4.9% +0.4% −7.1% −6.4%
February 9, 2026 −1.2% +0.2% −0.7% −2.2%
November 3, 2025 +1.1% −1.0% +3.5% +6.3%
August 4, 2025 +3.3% +1.0% +3.8% +7.4%
May 5, 2025 −1.5% −1.4% +1.3% +0.2%
February 10, 2025 −2.2% +0.8% −3.8% −3.1%
November 4, 2024 −1.1% +1.0% +5.0% +8.4%
July 29, 2024 +0.5% −0.4% −5.1% +0.8%
May 6, 2024 +1.8% +1.1% +1.2% −1.9%
February 5, 2024 −0.3% −0.1% +0.1% +3.4%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Loews Corporation’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade C+ (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Loews Corporation in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Loews Corporation
$15B $16B $17B $18B $19B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $15.9B Revenue (TTM), FY24 Q1: $16.3B Revenue (TTM), FY24 Q2: $16.7B Revenue (TTM), FY24 Q3: $17.2B Revenue (TTM), FY24 Q4: $17.5B Revenue (TTM), FY25 Q1: $17.8B Revenue (TTM), FY25 Q2: $18.1B Revenue (TTM), FY25 Q3: $18.3B Revenue (TTM), FY25 Q4: $18.5B Revenue (TTM), FY26 Q1: $18.5B Revenue (TTM), FY26 Q2: $18.7B Revenue (TTM), FY26 Q3: $18.8B $18.8B

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $15.9B
FY24 Q1 $16.3B
FY24 Q2 $16.7B
FY24 Q3 $17.2B
FY24 Q4 $17.5B
FY25 Q1 $17.8B
FY25 Q2 $18.1B
FY25 Q3 $18.3B
FY25 Q4 $18.5B
FY26 Q1 $18.5B
FY26 Q2 $18.7B
FY26 Q3 $18.8B
Revenue growth, TTM YoY Loews Corporation
0% 5% 10% 15% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 13.2% Revenue growth, TTM YoY, FY24 Q1: 13.3% Revenue growth, TTM YoY, FY24 Q2: 11.4% Revenue growth, TTM YoY, FY24 Q3: 11.6% Revenue growth, TTM YoY, FY24 Q4: 10.1% Revenue growth, TTM YoY, FY25 Q1: 8.7% Revenue growth, TTM YoY, FY25 Q2: 8.3% Revenue growth, TTM YoY, FY25 Q3: 6.1% Revenue growth, TTM YoY, FY25 Q4: 5.4% Revenue growth, TTM YoY, FY26 Q1: 4.2% Revenue growth, TTM YoY, FY26 Q2: 3.5% Revenue growth, TTM YoY, FY26 Q3: 2.8% 2.8%

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 13.2%
FY24 Q1 13.3%
FY24 Q2 11.4%
FY24 Q3 11.6%
FY24 Q4 10.1%
FY25 Q1 8.7%
FY25 Q2 8.3%
FY25 Q3 6.1%
FY25 Q4 5.4%
FY26 Q1 4.2%
FY26 Q2 3.5%
FY26 Q3 2.8%
FCF margin (TTM) Loews Corporation
5% 10% 15% 20% 25% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 20.3% FCF margin (TTM), FY24 Q1: 16.5% FCF margin (TTM), FY24 Q2: 13.2% FCF margin (TTM), FY24 Q3: 10.9% FCF margin (TTM), FY24 Q4: 13.7% FCF margin (TTM), FY25 Q1: 16.8% FCF margin (TTM), FY25 Q2: 17.0% FCF margin (TTM), FY25 Q3: 16.6% FCF margin (TTM), FY25 Q4: 14.6% FCF margin (TTM), FY26 Q1: 10.4% FCF margin (TTM), FY26 Q2: 9.4% FCF margin (TTM), FY26 Q3: 9.0% 9.0%

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 20.3%
FY24 Q1 16.5%
FY24 Q2 13.2%
FY24 Q3 10.9%
FY24 Q4 13.7%
FY25 Q1 16.8%
FY25 Q2 17.0%
FY25 Q3 16.6%
FY25 Q4 14.6%
FY26 Q1 10.4%
FY26 Q2 9.4%
FY26 Q3 9.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Loews Corporation: annual financial statements
Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 14.1 14.6 14.1 14.1 14.6 14.3 13.4 13.1 13.7 14.1 14.9 12.6 14.7 14.0 15.9 17.5 18.5 18.8
Gross profit — — — — — — — 12.8 13.4 13.1 13.8 — — — — — — —
Net income 0.6 1.3 1.1 0.6 0.6 0.6 0.3 0.7 1.2 0.6 0.9 −0.9 1.6 0.8 1.4 1.4 1.7 1.5
Diluted EPS $1.30 $3.07 $2.62 $1.43 $1.53 $1.55 $0.72 $1.93 $3.45 $1.99 $3.07 −$3.32 $6.00 $3.38 $6.29 $6.41 $7.97 $7.24
Growth (year on year)
Revenue +6.6% +3.5% −3.3% −0.4% +3.8% −2.0% −6.4% −2.3% +4.8% +2.4% +6.1% −15.7% +16.5% −4.2% +13.2% +10.1% +5.4% +2.8%
Net income −87.5% +128.5% −17.6% −46.5% +4.8% −0.7% −56.0% — +78.0% −45.4% +46.5% −199.9% — −47.4% +74.5% −1.4% +17.9% +2.5%
Diluted EPS — +136.2% −14.7% −45.4% +7.0% +1.3% −53.5% — +78.8% −42.3% +54.3% −208.1% — −43.7% +86.1% +1.9% +24.3% +5.6%
Margins
Gross margin — — — — — — — 97.9% 97.8% 93.4% 92.8% — — — — — — —
Net margin 4.0% 8.8% 7.5% 4.0% 4.1% 4.1% 1.9% 5.0% 8.5% 4.5% 6.2% −7.4% 10.7% 5.9% 9.0% 8.1% 9.0% 7.9%
Free-cash-flow margin 14.6% −6.6% 18.6% 10.3% 2.5% 1.7% 14.8% 6.1% 11.4% 22.9% 4.7% 8.2% 14.6% 18.9% 20.3% 13.7% 14.6% 9.0%
Cash flow
Cash from operations 4.6 −0.0 4.0 2.9 2.1 3.0 3.5 2.3 2.6 4.2 1.7 1.7 2.6 3.3 3.9 3.0 3.3 2.6
Capital spending 2.5 0.9 1.3 1.4 1.7 2.8 1.6 1.5 1.0 1.0 1.0 0.7 0.5 0.7 0.7 0.6 0.6 0.9
Free cash flow 2.1 −1.0 2.6 1.4 0.4 0.2 2.0 0.8 1.6 3.2 0.7 1.0 2.1 2.7 3.2 2.4 2.7 1.7
Stock-based pay 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Free cash flow after stock pay 2.0 −1.0 2.6 1.4 0.4 0.2 2.0 0.8 1.5 3.2 0.7 1.0 2.1 2.6 3.2 2.4 2.7 1.7
Balance sheet
Cash — — — — — — 0.4 0.3 0.5 0.4 0.3 0.5 0.6 0.5 0.4 0.5 0.5 0.5
Total debt 9.5 9.5 9.0 9.3 10.8 10.7 10.6 10.9 11.7 11.5 11.6 10.1 9.1 9.0 9.0 8.9 9.5 8.9
Net debt (negative = net cash) — — — — — — 10.2 10.5 11.2 11.1 11.3 9.7 8.5 8.5 8.6 8.4 9.0 8.4
Diluted shares 433m 420m 405m 396m 389m 383m 363m 338m 338m 320m 303m 280m 260m 243m 228m 221m 209m 206m
Returned to shareholders
Dividends 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Buybacks 0.3 0.4 0.7 0.2 0.2 0.6 1.3 0.1 0.2 1.0 1.1 0.9 1.1 0.7 0.8 0.6 0.8 0.4
Total returned 0.4 0.5 0.8 0.3 0.3 0.7 1.4 0.2 0.3 1.1 1.1 1.0 1.2 0.8 0.9 0.7 0.9 0.5

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$434M
Dividends (TTM)
$52M
Returned to shareholders
29%
of free cash flow
Buybacks, last 3 fiscal years
$2.3B
Diluted share count
−2.9%
year over year
Total shareholder yield
2.1%
dividends 0.2% + buybacks 1.9% of market value
Dividend payout ratio
4%
of net income paid out

Competitors: side by side with peers

Closest by revenue in multi-line insurance
Growth, margins and cash generation against peers
Last 12 months unless stated L AIZ AIG SLF HMN WDH Median
Revenue, last 12 months $18.8bn $13.5bn $26.6bn $30.0bn $1.7bn $553m $13.5bn
Revenue growth, last 12 months 2.8% 9.4% −4.2% 5.9% 5.9% 43.7% 5.9%
Revenue growth, 3-year average 6.8% 8.4% 19.7% — 7.7% — 8.0%
Revenue growth, latest quarter 1.9% 9.4% −0.1% — 7.7% — 4.8%
Net margin 7.9% 7.9% 11.1% 8.5% 10.2% 14.3% 10.2%
Cash from operations / revenue 13.9% 13.9% 14.5% 6.7% 32.4% 6.1% 13.9%
Free-cash-flow margin 9.0% 12.3% 14.5% 6.3% 30.9% 5.4% 12.3%
Free-cash-flow margin, 3-year average 12.2% 10.4% 16.7% 11.7% 27.1% — 12.2%
Stock pay / revenue 0.2% 0.7% — — 0.5% 1.3% 0.7%
Change in share count −2.9% −1.4% −11.1% −2.7% −0.3% −0.2% −2.4%

Median of all 7 companies we cover in multi-line insurance. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

7 multi-line insurance companies
Measures ranked against peers
Measure Company Peer median Rank
Revenue growth Growth 2.8% 5.9% 5 of 7
Change in growth rate Growth -0.7pp +0.3pp 5 of 7
Net margin Profitability 7.9% 10.2% 6 of 7
Stock pay as % of revenue Cash generation 0.2% 0.7% 1 of 5
Change in share count Balance sheet -2.9% -2.4% 2 of 7

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Cna Financial Corporation $15B 81.2% ▲ 5.0%
Boardwalk Pipeline Partners Lp $2.3B 12.6% ▲ 12.5%
Loews Hotels Holding Corporation $945M 5.1% ▲ 1.3%
Corporate and Other $196M 1.1% ▼ 19.0%

From Loews Corporation's 10-K filed February 10, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Reported value
$14B
Institutions reporting
782
Shares held vs prior quarter
▲ 4.1%
Positions opened / closed
77 / 64

Top buyers and sellers, Q2 2026: 378 institutions bought and 314 sold ; the biggest buyer was 59 North Capital Management, LP (+1.2M shares) and the biggest seller Goldman Sachs Group Inc (−923K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $1.6B 14.3M 11.6% ▲ 2.2%
Vanguard Capital Management LLC $1.2B 10.9M 8.8% ▲ 0.5%
Jpmorgan Chase & Co $927M 8.1M 6.6% ▼ 8.7%
State Street Corp $901M 8.0M 6.4% ▲ 1.3%
Vanguard Portfolio Management LLC $800M 7.1M 5.7% ▲ 0.1%
Geode Capital Management, LLC $601M 5.3M 4.3% 0.0%
Norges Bank $510M 4.5M 3.6% —
Invesco Ltd. $467M 4.1M 3.3% ▲ 11.7%
Price T Rowe Associates Inc $444M 3.9M 3.2% ▼ 3.7%
Citadel Advisors LLC $409M 3.6M 2.9% ▲ 1.1%
Allspring Global Investments Holdings, LLC $317M 2.8M 2.3% ▲ 0.4%
Goldman Sachs Group Inc $304M 2.7M 2.2% ▼ 25.6%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Loews Corporation's complete shareholder register. Values are as reported by the filers ; 5 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Recent insider open-market transactions
Insider Date Trade Shares Price Value
Robusto Dino Director May 29, 2026 Buy 5,000 $104.74 $523,700
Robusto Dino Director May 5, 2026 Buy 5,000 $105.44 $527,200
Tisch Andrew H 10% owner March 12, 2026 Sell 199 $109.44 $21,779
Tisch Andrew H 10% owner March 12, 2026 Sell 24,801 $108.67 $2.7M
Tisch Andrew H 10% owner March 11, 2026 Sell 50,000 $108.81 $5.4M
Schwartz Mark S V.P., C.A.O. and Treasurer February 17, 2026 Sell 3,150 $110.00 $346,500
Tisch Andrew H 10% owner February 13, 2026 Sell 50,000 $108.87 $5.4M
Tisch Andrew H 10% owner February 12, 2026 Sell 50,000 $110.27 $5.5M
Alpert Marc A Sr. VP, Gen. Coun. & Secy. February 10, 2026 Sell 617 $110.41 $68,123
Alpert Marc A Sr. VP, Gen. Coun. & Secy. February 10, 2026 Sell 2,878 $109.75 $315,860
Berman Ann E Director February 10, 2026 Sell 1,922 $110.16 $211,728
Tisch Andrew H 10% owner December 15, 2025 Sell 50,000 $105.07 $5.3M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 17 trades and filings

No trades in Loews Corporation disclosed in the last 12 months; 17 earlier trades on record.

  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded October 31, 2025, filed November 21, 2025
  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded October 30, 2025, filed November 21, 2025
  • Lisa C. McClain(R-MI 9):Purchase, $1,001 - $15,000, traded October 30, 2025, filed November 21, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around February 8, 2027 estimated from the company's past filing pattern, not announced

  • November 2, 2026
  • August 3, 2026
  • May 4, 2026
  • February 9, 2026
  • November 3, 2025
  • August 4, 2025

Recent SEC filings

Data status

When each part of this page on Loews Corporation was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Loews Corporation in brief

What does Loews Corporation do?
Loews Corporation is a US-listed company in the multi-line insurance industry. Its financial year ends in December.
What is Loews Corporation's stock ticker?
Loews Corporation trades under the ticker L on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Loews Corporation's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Loews Corporation reported revenue of $18.8B, 2.8% higher than a year earlier, according to its SEC filings.
What is Loews Corporation's free cash flow?
Loews Corporation's free-cash-flow margin is 9.0% of revenue over the trailing twelve months.
Who are Loews Corporation's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and Jpmorgan Chase & Co. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Loews Corporation buying back stock, and does it pay a dividend?
Loews Corporation spent $434M on share repurchases over the trailing twelve months, and its diluted share count fell 2.9% over the year.
What is Loews Corporation's market cap?
On November 2, 2026, Loews Corporation's market capitalisation was about $22.9B, with a price-to-earnings ratio of 15.4 and net debt of $8.4B. Market figures come from third-party market data and may be delayed.
Does Loews Corporation pay a dividend?
Yes: Loews Corporation paid $52M in dividends over the trailing twelve months, a dividend yield of 0.23% and a payout ratio of 3.5%.
Who are Loews Corporation's competitors?
In our Multi-line Insurance peer group, the companies closest to Loews Corporation are Assurant, American International Group, SUN Life Financial Inc, Horace Mann Educators Corp and Waterdrop Inc. The side-by-side comparison below sets their revenue, margins and growth against Loews Corporation's.
Are insiders buying or selling Loews Corporation stock?
Over the last 12 months, Loews Corporation's directors and officers reported 2 open-market purchases and 21 sales on Form 4. The insider trading page charts every trade.
When is Loews Corporation's next earnings date?
Around February 8, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Loews Corporation announces its own schedule.