---
schema_version: "secwatch.filing_event.v1"
accession: "0000060086-26-000005"
form_type: "8-K"
ticker: "L"
cik: "0000060086"
company_name: "LOEWS CORP"
filed_at: "2026-02-09T23:59:59+00:00"
generated_at: "2026-05-16T03:58:39.100630+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Loews Q4 2025 net income $402M ($1.94/sh); Boardwalk litigation potential $1.2B overhang

## Summary
- 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).

## SEC filing metadata
- accession: 0000060086-26-000005
- form_type: 8-K
- ticker: L
- cik: 0000060086
- company_name: LOEWS CORP
- filed_at: 2026-02-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/60086/000006008626000005/0000060086-26-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/60086/000006008626000005/l-20260209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000060086-26-000005
- JSON: https://secwatch.observer/filing/0000060086-26-000005.json
- Plain text: https://secwatch.observer/filing/0000060086-26-000005.txt

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