Loews (L) 10-K Summaries & Annual Filing History
Review Loews Corporation (L) 10-K filings from 2023 through the latest annual report, including business, financial performance, risks, and liquidity.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
Loews Corporation is a holding company with subsidiaries in insurance, energy infrastructure, and hospitality. For the latest fiscal year, the company reported revenue growth and operating cash flow that exceeded net income.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$3.2B
Revenue reported for the fiscal year.
Operating income
n/a
Income from operations reported for the year.
Net income
$1.7B
Net income reported for the year.
Operating cash flow
$3.3B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $2.1B | +4.1% |
| Dec 31, 2023 | $2.4B | +13.1% |
| Dec 31, 2024 | $2.9B | +22.6% |
| Dec 31, 2025 | $3.2B | +9.7% |
Business overview
Loews Corporation operates through three consolidated subsidiaries: CNA Financial Corporation (commercial property and casualty insurance, approximately 92% owned), Boardwalk Pipeline Partners (transportation and storage of natural gas and natural gas liquids), and Loews Hotels Holding Corporation (hotel operations). It also holds an approximately 53% equity interest in Altium Packaging LLC, an unconsolidated subsidiary that manufactures rigid plastic packaging. The company reports four segments: CNA, Boardwalk, Loews Hotels, and Corporate.
Financial performance
Revenue increased compared to the prior year, continuing a multi-year upward trend. Net income was positive and operating cash flow was higher than net income, indicating strong cash generation from operations.
Material risks
The filing includes a section on risk factors, but the supplied context does not provide the specific risks described. Therefore, no material risks can be identified from the available information.
Liquidity and capital
Operating cash flow exceeded net income, reflecting strong cash generation. The filing references a Liquidity and Capital Resources section, but the supplied text does not contain further details on capital allocation themes.
What to watch
Monitor the revenue growth trajectory in the next annual filing to assess whether the multi-year upward trend continues.