earnings
confidence high
sentiment negative
materiality 0.85
Loews Q4 2025 net income $402M ($1.94/sh); Boardwalk litigation potential $1.2B overhang
LOEWS CORP
2025-FY EPS reported
$7.97
revenue$18,454,000,000
- Q4 net income $402M ($1.94/sh) vs $187M ($0.86/sh); full year $1,667M ($7.97/sh) vs $1,414M ($6.41/sh).
- Book value per share $90.71 vs $79.49; ex-AOCI $95.89 vs $88.18. Parent cash/investments $3.9B, debt $1.8B.
- CNA net income $276M (Q4) vs $19M (ex-pension $284M); combined ratio 93.8%. Boardwalk net income $110M vs $145M.
- Delaware Supreme Court in Dec 2025 ruled Loews breached Boardwalk partnership agreement; claims remanded. Potential judgment could exceed $1.2B.
- Boardwalk pursuing $3.3B in growth projects (Kosci Junction $1B, Texas Gateway $1.3B); backlog $19.6B (+38% YoY).