LOEWS CORPORATION REPORTS NET INCOME OF $306 MILLION FOR THE THIRD QUARTER OF 2026
Loews Corporation reported Q3 2026 net income of $306 million ($1.50 per share), down from $504 million ($2.43) a year earlier, with CNA's contribution falling to $180 million from $371 million. CNA's decline was driven primarily by a $125 million after-tax long-term care reserve charge from its annual assumption update, plus weaker P&C underlying underwriting and higher catastrophe losses; the combined ratio rose 4.2 points to 97.0%. Management said the LTC charge will be almost entirely offset over time by higher investment yields from recent portfolio actions. P&C net earned and written premiums still grew 2% and 3%, respectively.
Key figures
- Eps
- $1.50 (Loews Q3 2026, vs $2.43 prior year)
- Combined ratio
- 97.0%
- Cna core income
- 203000000
- Loews net income
- 306000000
- Underlying loss ratio
- 64.1%
- Cna net income prior year
- 371000000
- Combined ratio prior year
- 92.8%
- Net earned premium growth
- 2%
- Underlying combined ratio
- 94.2%
- Net written premium growth
- 3%
- Loews net income prior year
- 504000000
- Ltc reserve charge after tax
- 125000000
- Cna net income attributable to loews
- 180000000
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.