Loews Q4 net income rises, driven by investment income

Reuters
Feb 09
Loews Q4 net income rises, driven by investment income

Overview

  • Diversified conglomerate's Q4 net income rose significantly yr/yr, driven by higher investment income and as YR-ago included CNA Financial pension settlement charge

  • Company repurchased 8.9 mln shares in 2025 for $782 mln

  • Boardwalk Pipelines and Loews Hotels net income decreased due to non-recurring tax benefits and asset impairments

Outlook

  • Loews did not provide specific guidance for future quarters or years

Result Drivers

  • CNA FINANCIAL - Net income impacted by non-economic charge related to asbestos and environmental pollution, offset by higher investment income

  • BOARDWALK PIPELINES - Net income decreased due to non-recurrence of a $36 mln tax benefit from 2024

  • LOEWS HOTELS - Net income decreased due to a $20 mln asset impairment charge for hotel replacement

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

$4.73 bln

Q4 EPS

$1.94

Q4 Net Income Attributable

$402 mln

Press Release: ID:nPn13j7Gfa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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