Loews Corp Q1 profit falls due to weaker insurance results despite gains in pipelines and hotels

Loews Corporation reported a decline in first quarter 2026 net income to $337 million from $370 million a year earlier, mainly due to weaker insurance underwriting results at CNA Financial and higher corporate costs. Despite this, revenue rose slightly to $4.56 billion, supported by stronger performance in its pipeline business, Boardwalk Pipelines, and its hotel segment, Loews Hotels. The company’s book value per share increased slightly, and it held $4.5 billion in cash and investments with $1.8 billion in debt. Loews also repurchased 0.3 million shares for $31 million during the quarter, signaling confidence despite the profit drop.