---
schema_version: "secwatch.filing_event.v1"
accession: "0000060086-23-000173"
form_type: "8-K"
ticker: "L"
cik: "0000060086"
company_name: "LOEWS CORP"
filed_at: "2023-10-30T23:59:59+00:00"
generated_at: "2026-06-09T06:18:30.136528+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Loews Q3 net income $253M ($1.12/sh) vs loss $22M YoY; CNA results improve sharply

## Summary
- Net income $253M ($1.12 EPS) vs loss $22M ($0.09) in Q3 2022; includes $37M after-tax pension plan termination charge.
- CNA net income improved to $235M from a loss of $37M YoY, driven by higher investment income and lower LTC reserve charge.
- Loews repurchased 1.9M shares for $118M in Q3, plus 1.0M shares for $64M after quarter-end; also bought 4.5M CNA shares for $175M.
- Book value per share ex-AOCI $79.92, up from $74.88 at Dec 2022.
- Boardwalk acquired Bayou Ethane pipeline for $348M from Williams Companies on Sept 29.

## SEC filing metadata
- accession: 0000060086-23-000173
- form_type: 8-K
- ticker: L
- cik: 0000060086
- company_name: LOEWS CORP
- filed_at: 2023-10-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/60086/000006008623000173/0000060086-23-000173-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/60086/000006008623000173/l-20231030.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000060086-23-000173
- JSON: https://secwatch.observer/filing/0000060086-23-000173.json
- Plain text: https://secwatch.observer/filing/0000060086-23-000173.txt

## Key facts
- Earnings Releases
  LOEWS CORP reported the third quarter of 2023 results: net income $253 million, EPS $1.12 per share.
  - Period: the third quarter of 2023
  - Net income: $253 million
  - EPS: $1.12 per share
  - Result: reported results
  source text: Loews Corporation reported net income of $253 million, or $1.12 per share, in the third quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/60086/000006008623000173/0000060086-23-000173-index.htm

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