---
schema_version: "secwatch.filing_event.v1"
accession: "0000060086-25-000177"
form_type: "8-K"
ticker: "L"
cik: "0000060086"
company_name: "LOEWS CORP"
filed_at: "2025-11-03T23:59:59+00:00"
generated_at: "2026-05-17T00:59:10.325091+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Loews Q3 2025 net income $504M ($2.43 EPS), up 26% YoY; Boardwalk announces $1.2B Texas Gateway project

## Summary
- Net income $504M vs $401M in Q3 2024; EPS $2.43 vs $1.82, driven by CNA (up 43%) and Boardwalk (up 22%).
- CNA combined ratio improved to 92.8% (1.5 pts catastrophe losses vs 5.8 pts); underlying combined ratio 91.3%.
- Boardwalk EBITDA $267M (+7% YoY); Texas Gateway project $1.2B, 20-year contract, adds 1.5-2.5 Bcf/d capacity, in service 2029.
- Book value per share excl AOCI $94.00 (+7% from year-end); parent company cash/investments $3.6B, debt $1.8B.
- Repurchased 0.6M shares in Q3 for $56M; additional 0.3M shares in Oct 2025 for $29M.

## SEC filing metadata
- accession: 0000060086-25-000177
- form_type: 8-K
- ticker: L
- cik: 0000060086
- company_name: LOEWS CORP
- filed_at: 2025-11-03T23:59:59+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/60086/000006008625000177/0000060086-25-000177-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/60086/000006008625000177/l-20251103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000060086-25-000177
- JSON: https://secwatch.observer/filing/0000060086-25-000177.json
- Plain text: https://secwatch.observer/filing/0000060086-25-000177.txt

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