---
schema_version: "secwatch.filing_event.v1"
accession: "0000060086-22-000104"
form_type: "8-K"
ticker: "L"
cik: "0000060086"
company_name: "LOEWS CORP"
filed_at: "2022-10-31T23:59:59+00:00"
generated_at: "2026-06-22T22:05:27.472636+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Loews Q3 net income falls to $130M from $220M; book value declines on rate impact

## Summary
- Net income per share $0.54 vs $0.85 prior year; nine-month EPS $2.64 vs $4.70 (prior year included Altium gain).
- Book value per share $58.14, down from $71.84 at year-end 2021; ex-AOCI rose to $74.11 from $71.09.
- CNA's net contribution to Loews fell to $115M from $229M on investment losses and $87M Hurricane Ian catastrophe losses.
- Loews Hotels net income doubled to $25M on travel rebound; Boardwalk Pipelines EBITDA rose 4% to $192M.
- Repurchased 4.1M shares for $230M in Q3; additional 0.7M shares for $38M in October through Oct 28.

## SEC filing metadata
- accession: 0000060086-22-000104
- form_type: 8-K
- ticker: L
- cik: 0000060086
- company_name: LOEWS CORP
- filed_at: 2022-10-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/60086/000006008622000104/0000060086-22-000104-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/60086/000006008622000104/l-20221031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000060086-22-000104
- JSON: https://secwatch.observer/filing/0000060086-22-000104.json
- Plain text: https://secwatch.observer/filing/0000060086-22-000104.txt

## Key facts
- Earnings Releases
  LOEWS CORP reported the third quarter of 2022 results: net income net income of $130 million, EPS $0.54 per share.
  - Period: the third quarter of 2022
  - Net income: net income of $130 million
  - EPS: $0.54 per share
  - Result: reported results
  source text: Loews Corporation (NYSE:L) today reported net income of $130 million, or $0.54 per share, for the third quarter of 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/60086/000006008622000104/0000060086-22-000104-index.htm
- Earnings Releases
  LOEWS CORP reported the nine months ended September 30, 2022 results: net income Net income for the nine months ended September 30, 2022 was $648 million, EPS $2.64 per share.
  - Period: the nine months ended September 30, 2022
  - Net income: Net income for the nine months ended September 30, 2022 was $648 million
  - EPS: $2.64 per share
  - Result: reported results
  source text: Net income for the nine months ended September 30, 2022 was $648 million, or $2.64 per share, compared to net income of $1.2 billion, or $4.70 per share, for the nine months ended September 30, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/60086/000006008622000104/0000060086-22-000104-index.htm

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