---
schema_version: "secwatch.filing_event.v1"
accession: "0000060086-24-000189"
form_type: "8-K/A"
ticker: "L"
cik: "0000060086"
company_name: "LOEWS CORP"
filed_at: "2024-10-04T23:59:59+00:00"
generated_at: "2026-05-30T20:52:56.201985+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Loews reveals CNA pension risk transfer to MetLife; $1.045B obligations, ~$370M non-cash charge

## Summary
- CNA subsidiary committed with MetLife to transfer ~$1.045B in pension obligations covering ~7,600 participants (60% of Plan).
- Transaction expected to close Oct 10, 2024; benefits unchanged for transferred participants.
- Loews expects one-time non-cash pretax settlement charge of ~$370M ($265M after tax and NCI) in Q4 2024.
- Charge driven by accelerated actuarial loss recognition from AOCI; no cash impact in Q4 or full year 2024.
- Purchase funded entirely by Plan assets; no cash contribution required from CNA.

## SEC filing metadata
- accession: 0000060086-24-000189
- form_type: 8-K/A
- ticker: L
- cik: 0000060086
- company_name: LOEWS CORP
- filed_at: 2024-10-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/60086/000006008624000189/0000060086-24-000189-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/60086/000006008624000189/l-20240918.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000060086-24-000189
- JSON: https://secwatch.observer/filing/0000060086-24-000189.json
- Plain text: https://secwatch.observer/filing/0000060086-24-000189.txt

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