Loews (L) 10-K Summary — Year Ended Dec 31, 2024
Loews Corporation is a holding company with subsidiaries in insurance, natural gas transportation, and hotels. For the most recent annual period, the company reported higher revenue and net income, with strong operating cash flow.
Key takeaway
Year ended Dec 31, 2024 · FY2025 10-K
Loews Corporation is a holding company with subsidiaries in insurance, natural gas transportation, and hotels. For the most recent annual period, the company reported higher revenue and net income, with strong operating cash flow.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$2.9B
Revenue reported for the fiscal year.
Operating income
n/a
Income from operations reported for the year.
Net income
$1.4B
Net income reported for the year.
Operating cash flow
$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, 2021 | $2B | n/a |
| Dec 31, 2022 | $2.1B | +4.1% |
| Dec 31, 2023 | $2.4B | +13.1% |
| Dec 31, 2024 | $2.9B | +22.6% |
Business overview
Loews Corporation operates through three main consolidated subsidiaries: CNA Financial Corporation (a majority-owned commercial property and casualty insurance company), Boardwalk Pipeline Partners (natural gas and natural gas liquids transportation and storage), and Loews Hotels Holding Corporation (hotel operations). It also holds a majority interest in Altium Packaging LLC, a rigid plastic packaging manufacturer, accounted for under the equity method. The company's reportable segments include these three operating subsidiaries plus a Corporate segment.
Financial performance
Revenue increased compared to the prior year. Net income was reported for the period. Operating cash flow was substantial, reflecting the company's cash generation.
Material risks
The filing includes a section on risk factors, but the supplied context does not contain the detailed descriptions of those risks. As a holding company, Loews is exposed to the performance of its subsidiaries in the insurance, energy, and hospitality industries. The company's forward-looking statements caution that actual results may differ from projections.
Liquidity and capital
The company's operating cash flow supported its liquidity needs. Capital allocation priorities are not detailed in the supplied context.
What to watch
Readers should monitor the underwriting performance of the insurance subsidiary, as it is the largest contributor to the company's results.