---
schema_version: "secwatch.filing_event.v1"
accession: "0000060086-22-000073"
form_type: "8-K"
ticker: "L"
cik: "0000060086"
company_name: "LOEWS CORP"
filed_at: "2022-08-01T23:59:59+00:00"
generated_at: "2026-06-24T06:41:03.485705+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Loews Q2 EPS $0.73 vs $2.86; prior year included $438M Altium gain; book value down to $62.90

## Summary
- Net income $180M ($0.73) vs $754M ($2.86) in Q2 2021; adjusted net income excluding Altium gain was $316M.
- Book value per share fell to $62.90 from $71.84 at Dec 31, 2021, impacted by rising rates on CNA's bond portfolio.
- CNA net income to Loews down $147M to $183M; underlying combined ratio improved to 90.8%.
- Loews Hotels net income swung to $44M from -$21M, aided by travel rebound and full occupancy at Universal Orlando.
- Repurchased 6.3M shares in H1 2022 ($384M); an additional 1.3M shares ($75M) bought through July 29.

## SEC filing metadata
- accession: 0000060086-22-000073
- form_type: 8-K
- ticker: L
- cik: 0000060086
- company_name: LOEWS CORP
- filed_at: 2022-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/60086/000006008622000073/0000060086-22-000073-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/60086/000006008622000073/l-20220801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000060086-22-000073
- JSON: https://secwatch.observer/filing/0000060086-22-000073.json
- Plain text: https://secwatch.observer/filing/0000060086-22-000073.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.