---
schema_version: "secwatch.filing_event.v1"
accession: "0000060086-23-000085"
form_type: "8-K"
ticker: "L"
cik: "0000060086"
company_name: "LOEWS CORP"
filed_at: "2023-05-01T23:59:59+00:00"
generated_at: "2026-06-16T05:35:12.837491+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Loews reports Q1 net income $375M ($1.61 EPS), up 16% YoY; repurchases 3.5% of shares

## Summary
- Q1 net income $375M ($1.61 EPS) vs $322M ($1.29 EPS) YoY, driven by higher investment returns and improved Loews Hotels results.
- CNA core income $325M (+9% YoY); underlying combined ratio 90.8% (improved 0.6 pts); all-in combined ratio 93.9% (up 2 pts on catastrophes).
- Loews Hotels Adj. EBITDA $86M vs $67M; occupancy 79.3% vs 71.5%, benefiting from strong leisure and group demand.
- Repurchased 8.2M shares for $486M (~3.5% of outstanding); book value per share ex-AOCI rose to $76.84 from $74.88.
- Boardwalk EBITDA flat at $256M; plan to repay $500M bond maturity in May 2023 without refinancing.

## SEC filing metadata
- accession: 0000060086-23-000085
- form_type: 8-K
- ticker: L
- cik: 0000060086
- company_name: LOEWS CORP
- filed_at: 2023-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/60086/000006008623000085/0000060086-23-000085-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/60086/000006008623000085/l-20230501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000060086-23-000085
- JSON: https://secwatch.observer/filing/0000060086-23-000085.json
- Plain text: https://secwatch.observer/filing/0000060086-23-000085.txt

## Key facts
- Earnings Releases
  LOEWS CORP reported first quarter of 2023 results: net income $375 million, EPS $1.61 per share.
  - Period: first quarter of 2023
  - Net income: $375 million
  - EPS: $1.61 per share
  - Result: reported results
  source text: Loews Corporation reported net income of $375 million, or $1.61 per share, in the first quarter of 2023 compared to $322 million, or $1.29 per share, in the first quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/60086/000006008623000085/0000060086-23-000085-index.htm

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