Loews (L)
Market Price (4/23/2026): $110.65 | Market Cap: $22.9 BilSector: Financials | Industry: Multi-line Insurance
Loews (L)
Market Price (4/23/2026): $110.65Market Cap: $22.9 BilSector: FinancialsIndustry: Multi-line Insurance
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.3%, FCF Yield is 12% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 15%, CFO LTM is 3.3 Bil, FCF LTM is 2.7 Bil Stock buyback supportStock Buyback 3Y Total is 2.3 Bil Low stock price volatilityVol 12M is 15% Megatrend and thematic driversMegatrends include Cybersecurity, Experience Economy & Premiumization, and US Energy Independence. Themes include Network Security, Show more. | Trading close to highsDist 52W High is -1.4%, Dist 3Y High is -1.4% | Key risksL key risks include [1] its heavy concentration in the CNA Financial subsidiary, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.3%, FCF Yield is 12% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 15%, CFO LTM is 3.3 Bil, FCF LTM is 2.7 Bil |
| Stock buyback supportStock Buyback 3Y Total is 2.3 Bil |
| Low stock price volatilityVol 12M is 15% |
| Megatrend and thematic driversMegatrends include Cybersecurity, Experience Economy & Premiumization, and US Energy Independence. Themes include Network Security, Show more. |
| Trading close to highsDist 52W High is -1.4%, Dist 3Y High is -1.4% |
| Key risksL key risks include [1] its heavy concentration in the CNA Financial subsidiary, Show more. |
Qualitative Assessment
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Loews (L) stock has gained about 5% since 12/31/2025 because of the following key factors:
1. Mixed Segment Performance within Q4 2025 Earnings: Loews Corporation reported a significant increase in overall net income for Q4 2025, reaching $402 million ($1.94 per share) compared to $187 million ($0.86 per share) in Q4 2024. However, performance across its diversified segments was mixed. While the Corporate segment's investment income improved, the Loews Hotels segment's net income decreased due to a $20 million asset impairment charge related to a new hotel project, and CNA Financial's core income saw a slight decrease. This varied performance across key subsidiaries likely offset each other, contributing to the stock's stable trend.
2. Share Repurchases Provided Stock Price Support: The company actively engaged in share buybacks, which often acts as a floor for the stock price. Loews repurchased 1.0 million shares of its common stock during the fourth quarter of 2025 for a total cost of $98 million, and a total of 8.9 million shares for $782 million throughout the full year 2025.
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1. Mixed Segment Performance within Q4 2025 Earnings: Loews Corporation reported a significant increase in overall net income for Q4 2025, reaching $402 million ($1.94 per share) compared to $187 million ($0.86 per share) in Q4 2024. However, performance across its diversified segments was mixed. While the Corporate segment's investment income improved, the Loews Hotels segment's net income decreased due to a $20 million asset impairment charge related to a new hotel project, and CNA Financial's core income saw a slight decrease. This varied performance across key subsidiaries likely offset each other, contributing to the stock's stable trend.
2. Share Repurchases Provided Stock Price Support: The company actively engaged in share buybacks, which often acts as a floor for the stock price. Loews repurchased 1.0 million shares of its common stock during the fourth quarter of 2025 for a total cost of $98 million, and a total of 8.9 million shares for $782 million throughout the full year 2025.
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Stock Movement Drivers
Fundamental Drivers
The 5.1% change in L stock from 12/31/2025 to 4/22/2026 was primarily driven by a 13.6% change in the company's Net Income Margin (%).| (LTM values as of) | 12312025 | 4222026 | Change |
|---|---|---|---|
| Stock Price ($) | 105.25 | 110.65 | 5.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 17,985 | 18,176 | 1.1% |
| Net Income Margin (%) | 8.1% | 9.2% | 13.6% |
| P/E Multiple | 15.0 | 13.7 | -8.8% |
| Shares Outstanding (Mil) | 208 | 207 | 0.5% |
| Cumulative Contribution | 5.1% |
Market Drivers
12/31/2025 to 4/22/2026| Return | Correlation | |
|---|---|---|
| L | 5.1% | |
| Market (SPY) | -5.4% | 9.5% |
| Sector (XLF) | -4.7% | 47.5% |
Fundamental Drivers
The 10.3% change in L stock from 9/30/2025 to 4/22/2026 was primarily driven by a 20.9% change in the company's Net Income Margin (%).| (LTM values as of) | 9302025 | 4222026 | Change |
|---|---|---|---|
| Stock Price ($) | 100.27 | 110.65 | 10.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 17,781 | 18,176 | 2.2% |
| Net Income Margin (%) | 7.6% | 9.2% | 20.9% |
| P/E Multiple | 15.6 | 13.7 | -11.8% |
| Shares Outstanding (Mil) | 209 | 207 | 1.3% |
| Cumulative Contribution | 10.3% |
Market Drivers
9/30/2025 to 4/22/2026| Return | Correlation | |
|---|---|---|
| L | 10.3% | |
| Market (SPY) | -2.9% | 10.5% |
| Sector (XLF) | -2.7% | 48.4% |
Fundamental Drivers
The 20.7% change in L stock from 3/31/2025 to 4/22/2026 was primarily driven by a 11.8% change in the company's Net Income Margin (%).| (LTM values as of) | 3312025 | 4222026 | Change |
|---|---|---|---|
| Stock Price ($) | 91.68 | 110.65 | 20.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 17,239 | 18,176 | 5.4% |
| Net Income Margin (%) | 8.2% | 9.2% | 11.8% |
| P/E Multiple | 14.1 | 13.7 | -2.8% |
| Shares Outstanding (Mil) | 218 | 207 | 5.3% |
| Cumulative Contribution | 20.7% |
Market Drivers
3/31/2025 to 4/22/2026| Return | Correlation | |
|---|---|---|
| L | 20.7% | |
| Market (SPY) | 16.3% | 53.8% |
| Sector (XLF) | 5.9% | 68.8% |
Fundamental Drivers
The 92.5% change in L stock from 3/31/2023 to 4/22/2026 was primarily driven by a 56.8% change in the company's Net Income Margin (%).| (LTM values as of) | 3312023 | 4222026 | Change |
|---|---|---|---|
| Stock Price ($) | 57.48 | 110.65 | 92.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 14,050 | 18,176 | 29.4% |
| Net Income Margin (%) | 5.9% | 9.2% | 56.8% |
| P/E Multiple | 16.6 | 13.7 | -17.5% |
| Shares Outstanding (Mil) | 238 | 207 | 15.0% |
| Cumulative Contribution | 92.5% |
Market Drivers
3/31/2023 to 4/22/2026| Return | Correlation | |
|---|---|---|
| L | 92.5% | |
| Market (SPY) | 63.3% | 44.4% |
| Sector (XLF) | 69.6% | 69.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| L Return | 29% | 1% | 20% | 22% | 25% | 6% | 152% |
| Peers Return | 33% | 17% | 6% | 33% | 18% | 4% | 169% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 3% | 88% |
Monthly Win Rates [3] | |||||||
| L Win Rate | 67% | 58% | 50% | 58% | 67% | 75% | |
| Peers Win Rate | 60% | 62% | 58% | 70% | 62% | 55% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| L Max Drawdown | -1% | -14% | -8% | 0% | -4% | -3% | |
| Peers Max Drawdown | -3% | -7% | -15% | -1% | -5% | -7% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: TRV, AIG, HIG, CB, KMI. See L Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/22/2026 (YTD)
How Low Can It Go
| Event | L | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -26.3% | -25.4% |
| % Gain to Breakeven | 35.6% | 34.1% |
| Time to Breakeven | 420 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -48.4% | -33.9% |
| % Gain to Breakeven | 93.8% | 51.3% |
| Time to Breakeven | 351 days | 148 days |
| 2018 Correction | ||
| % Loss | -20.4% | -19.8% |
| % Gain to Breakeven | 25.7% | 24.7% |
| Time to Breakeven | 164 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -66.0% | -56.8% |
| % Gain to Breakeven | 194.2% | 131.3% |
| Time to Breakeven | 3,243 days | 1,480 days |
Compare to TRV, AIG, HIG, CB, KMI
In The Past
Loews's stock fell -26.3% during the 2022 Inflation Shock from a high on 4/20/2022. A -26.3% loss requires a 35.6% gain to breakeven.
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About Loews (L)
Loews Corporation provides commercial property and casualty insurance in the United States and internationally. The company offers specialty insurance products, such as management and professional liability, and other coverage products; surety and fidelity bonds; property insurance products that include property, marine and boiler, and machinery coverages; and casualty insurance products, such as workers' compensation, general and product liability, and commercial auto and umbrella coverages. It also provides loss-sensitive insurance programs; and warranty, risk management, information, and claims administration services. The company markets its insurance products and services through independent agents, brokers, and managing general underwriters. In addition, the company is involved in the transportation and storage of natural gas and natural gas liquids(NGLs), and hydrocarbons through natural gas pipelines covering approximately 13,615 miles of interconnected pipelines; 450 miles of NGL pipelines in Louisiana and Texas; 14 underground storage fields with an aggregate gas capacity of approximately 213 billion cubic feet of natural gas; and eleven salt dome caverns and related brine infrastructure for providing brine supply services. Further, the company operates a chain of 26 hotels; and develops, manufactures, and markets a range of extrusion blow-molded and injection molded plastic containers for customers in the pharmaceutical, dairy, household chemicals, food/nutraceuticals, industrial/specialty chemicals, and water and beverage/juice segments, as well as manufactures commodity and differentiated plastic resins from recycled plastic materials. Loews Corporation was incorporated in 1969 and is headquartered in New York, New York.
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A smaller-scale Berkshire Hathaway, diversifying across commercial insurance, energy infrastructure, hotels, and manufacturing.
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- Commercial Property and Casualty Insurance: Provides various insurance coverages, including specialty, property, casualty, and surety bonds, along with risk management and claims administration services.
- Energy Infrastructure and Logistics: Offers transportation and storage services for natural gas, natural gas liquids, and hydrocarbons through an extensive network of pipelines and storage facilities.
- Hospitality Services: Operates a chain of 26 hotels, providing accommodations and related services to guests.
- Plastic Manufacturing: Develops, manufactures, and markets a variety of extrusion blow-molded and injection-molded plastic containers and resins from recycled materials.
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Loews Corporation (L) primarily serves other companies across its various business segments. The provided background information does not list the names of specific customer companies. However, based on the description, its major customers fall into the following categories:
- Businesses requiring commercial property and casualty insurance: This includes a wide range of companies across various industries seeking coverage for management and professional liability, surety and fidelity bonds, property, marine, boiler, machinery, workers' compensation, general and product liability, commercial auto, and umbrella.
- Energy producers, marketers, utilities, and industrial users: These entities utilize Loews' natural gas and NGL pipelines, storage fields, and brine supply services for the transportation and storage of natural gas, NGLs, and hydrocarbons.
- Manufacturing companies in various sectors: Customers for its plastic container manufacturing business include companies in the pharmaceutical, dairy, household chemicals, food/nutraceuticals, industrial/specialty chemicals, and water and beverage/juice segments.
While Loews' hotel chain serves individual travelers and tourists, the predominant business activities described indicate a primary focus on business-to-business (B2B) customers.
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Ben Tisch, President and Chief Executive Officer
Ben Tisch assumed the role of President and Chief Executive Officer of Loews Corporation in January 2025. He joined the company's investment department in 2011, later serving as Senior Vice President of Corporate Development and Strategy. Before his tenure at Loews, he was a Managing Director at Fortress Investment Group. Mr. Tisch is also a member of the Board of Directors of Loews Corporation and CNA Financial, and sits on the boards of Boardwalk Pipelines and Altium Packaging.
Jane Wang, Senior Vice President and Chief Financial Officer
Jane Wang became Senior Vice President and Chief Financial Officer of Loews Corporation in May 2022. She joined Loews in 2006, initially as part of the corporate development group, where she focused on strategic planning and corporate development before her appointment as CFO. Ms. Wang's responsibilities include managing capital markets activities and leading enterprise risk management. She serves on the Board of Directors of CNA Financial, Boardwalk Pipelines, and Altium Packaging. Prior to joining Loews, Ms. Wang worked in the investment banking division at Morgan Stanley.
James S. Tisch, Chairman of the Board
James S. Tisch became Chairman of the Board of Loews Corporation on January 1, 2025. He previously held the position of President and Chief Executive Officer from 1999 through 2024. Mr. Tisch joined Loews in 1977, having previously worked at CNA Financial Corporation. He also served as the Chief Executive Officer of Diamond Offshore Drilling, Inc. from 1998 to 2008 and as its Chairman from 1995 to 2020.
Andrew H. Tisch, Director Emeritus
Andrew H. Tisch is a Director Emeritus of Loews Corporation, transitioning from his role as Co-Chairman in 2024, a position he held from 2006. He began his career at Loews more than 50 years ago and served on the company's Board from 1986 to 2024. Mr. Tisch held senior leadership roles within Loews' subsidiaries, including Chairman and Chief Executive Officer of Lorillard, Inc. from 1990 to 1995, and President of the Bulova Watch Company and Bulova Corporation from 1979 to 1990. Loews acquired Bulova in 1979 and later sold it in 2007.
Jonathan M. Tisch, Director Emeritus
Jonathan M. Tisch is a Director Emeritus of Loews Corporation, having transitioned from his role as Co-Chairman in 2024, which he held from 2006. He served on the Loews Board of Directors from 1986 to 2024. Mr. Tisch is also the Executive Chairman of Loews Hotels & Co. (from 2023 to 2025), and previously served as its Chairman and CEO. He joined Loews Corporation in 1980. He is recognized for his leadership in expanding Loews Hotels into a prominent hotel company.
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Key Business Risks for Loews Corporation (L)
- Climate Change, Environmental Regulations, and Catastrophe Losses: Loews Corporation faces significant risks from evolving environmental regulations and the increasing frequency and severity of natural catastrophes across its diversified portfolio. The commercial property and casualty insurance segment, primarily CNA Financial, is directly impacted by substantial financial losses from hurricanes, wildfires, floods, and severe convective storms, straining loss ratios and necessitating adapted underwriting guidelines. The natural gas pipeline business, Boardwalk Pipelines, is exposed to climate transition risks due to its reliance on fossil fuels, as well as heightened regulatory scrutiny concerning environmental impacts and methane emissions. Furthermore, the plastic container manufacturing operations are vulnerable to global pushback against plastic pollution, increasing environmental regulations (such as bans on single-use plastics), and shifting consumer preferences towards eco-friendly alternatives, posing a fundamental threat to its core business model. The hospitality segment, Loews Hotels & Co, also faces risks from localized natural disasters, particularly given its geographic concentration in regions like Florida.
- Economic Volatility, Inflation, and Interest Rate Fluctuations: The company's diverse operations are broadly susceptible to macroeconomic shifts. Economic and social inflation directly drives up claims costs and affects profitability within the insurance segment, making it challenging to predict trends. The hospitality sector is highly cyclical and sensitive to economic slowdowns, which can reduce discretionary spending on travel and increase operational costs due to inflationary pressures on labor and energy. The plastic packaging business experiences volatility in raw material and energy costs, influenced by global inflation and potential reductions in consumer purchasing power. Additionally, Loews' investment portfolio, particularly within CNA, is exposed to market risks including interest rate fluctuations and credit risks, which can lead to significant realized and unrealized investment losses.
- Cybersecurity Threats and Data Breaches: Across its segments, Loews Corporation faces substantial cybersecurity risks. As a major commercial insurer, CNA Financial handles vast amounts of sensitive data, making it a high-value target for sophisticated cyberattacks, including ransomware, which can result in significant financial costs, operational disruptions, and reputational damage. CNA Financial itself experienced a ransomware attack in March 2021, reportedly paying $40 million to regain control of its network. Loews Hotels & Co also collects sensitive guest information, such as credit card details, making it vulnerable to data breaches. Furthermore, Boardwalk Pipelines, as critical infrastructure, is a potential target for cyberattacks that could disrupt its natural gas transportation and storage operations or compromise data.
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- The accelerating shift towards **Insurtech** poses a threat to Loews' commercial property and casualty insurance business. New technology-driven insurance companies are leveraging AI, big data, and digital platforms to offer more efficient underwriting, personalized products, and direct-to-consumer models, potentially disrupting traditional distribution channels and challenging established insurers like Loews.
- The global **energy transition and decarbonization efforts** represent a significant emerging threat to Loews' midstream energy segment. Increased adoption of renewable energy sources and electrification across various sectors could lead to a long-term decline in demand for natural gas and natural gas liquids, potentially impacting the utilization and value of Loews' extensive pipeline and storage infrastructure.
- Growing **anti-plastic sentiment and environmental regulations** worldwide pose a threat to Loews' plastic container manufacturing business. Increasing public and governmental pressure to reduce plastic waste, ban single-use plastics, and promote alternative or recycled materials could lead to decreased demand for new plastic containers or impose significant costs for compliance and material transitions.
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Here are the addressable market sizes for Loews Corporation's main products and services:Commercial Property and Casualty Insurance:
- Globally, the property and casualty insurance market size was valued at USD 1,920.56 billion in 2025.
- In the U.S., the property and casualty insurance market size is estimated at USD 1.14 trillion in 2026. Commercial lines account for approximately half of this market, suggesting an addressable market of approximately USD 570 billion in 2026 for commercial property and casualty insurance in the U.S.
Natural Gas Transportation and Storage:
- The global natural gas storage market size was USD 11 billion in 2025.
- The U.S. natural gas storage market was valued at USD 43.8 billion in 2024.
- The global natural gas pipelines market revenue was approximately USD 457.133 billion in 2025.
- The North America natural gas pipelines market held a share of approximately USD 126.7 billion in 2025.
Hotels:
- The global hotels market size was valued at USD 2,080.57 billion in 2025.
- The U.S. hotels market was valued at USD 505.61 billion in 2025.
Plastic Containers and Recycled Plastic Resins:
- The global plastic packaging market was valued at USD 480.62 billion in 2025.
- The U.S. plastic packaging market was anticipated to reach USD 139.63 billion in 2025.
- The global recycled plastics market size is projected to be USD 72.66 billion in 2025.
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Here are 3-5 expected drivers of future revenue growth for Loews Corporation (L) over the next 2-3 years:
- Improved Underwriting and Investment Income at CNA Financial: Loews' insurance subsidiary, CNA Financial, is expected to drive revenue growth through improved Property and Casualty underwriting results and higher net investment income. The company reported a 5% growth in net earned premiums and a 2% growth in net written premiums in Q4 2025. Additionally, an upgrade of CNA's financial strength rating by AM Best to A+ from A in December 2025 indicates strengthening performance.
- Strategic Growth Projects and Industry Tailwinds for Boardwalk Pipelines: Boardwalk Pipelines, Loews' energy segment, is positioned for revenue growth due to "exceptionally strong industry tailwinds" and "robust industry fundamentals." This growth is fueled by higher re-contracting rates for transportation and storage, as well as contributions from recently completed growth projects. Boardwalk has committed approximately $1.7 billion in capital expenditures for significant growth projects over the coming years, with these projects being modeled for double-digit returns on assets and supported by long-term contracts with investment-grade utility customers. The company is also well-situated to capitalize on the increasing demand from LNG and AI data centers, along with strong economic growth and industrial power demand in its operating regions.
- Expansion and Performance of Loews Hotels & Co: The hospitality segment, Loews Hotels, is expected to contribute to revenue growth through the addition of new properties and strong performance at existing locations. The Adjusted EBITDA improvement in 2025 was driven by the opening of three new properties at the Universal Orlando Resort, alongside higher average daily rates and occupancy at other Universal Orlando Resort properties. The Arlington Hotel and Convention Center also demonstrated higher earnings as it continued to ramp up operations following its Q1 2024 opening and has exceeded expectations. Loews Hotels plans to replace the Arlington Sheraton Hotel with the Americana by Loews Hotels in Arlington, Texas, which is expected to be funded by cash from operations and potential capital contributions from Loews Corporation.
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Capital Allocation Decisions (Last 3-5 Years)
Share Repurchases
- Loews Corporation repurchased 8.9 million shares for $782 million in 2025.
- In 2024, the company repurchased 7.7 million shares at a total cost of $611 million.
- Loews repurchased 14.0 million shares of its common stock for $852 million in 2023.
Share Issuance
- No significant share issuances were reported, with the number of outstanding shares consistently decreasing due to repurchases over the period. The common stock outstanding decreased from 222.2 million shares at the end of 2023 to 206.0 million shares at the end of 2025.
Outbound Investments
- Boardwalk Pipelines has nine projects under development with aggregate projected capital expenditures of approximately $3.3 billion, scheduled for completion through 2030, primarily focused on natural gas demand driven by LNG exports, power generation, and data center development.
- Loews Hotels & Co opened three new hotels at Universal Orlando in the first half of 2025. Additionally, plans were announced in 2025 to develop a new approximately 500-room property in Arlington, anticipated to open in 2029.
- In 2023, Loews acquired 4.5 million shares of CNA common stock at an aggregate cost of $178 million, and provided $600 million to CNA Financial.
Capital Expenditures
- Boardwalk Pipelines is expecting to spend approximately $845 million in capital expenditures in 2026.
- Boardwalk Pipelines recently reached a final investment decision on several significant growth projects totaling $1.7 billion of capital expenditures to be spent over the coming years, with expected double-digit returns on assets.
- Loews Hotels opened the Loews Arlington Hotel and Convention Center in the first quarter of 2024, and the new hotel project in Arlington is expected to be funded with cash from operations, potentially supplemented by capital contributions from Loews Corporation.
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| 03312026 | HBAN | Huntington Bancshares | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
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| 03272026 | JKHY | Jack Henry & Associates | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 3.1% | 3.1% | 0.0% |
| 03202026 | MKTX | MarketAxess | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -5.2% | -5.2% | -5.7% |
| 03202026 | RYAN | Ryan Specialty | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -2.7% | -2.7% | -8.5% |
| 06302023 | L | Loews | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 17.4% | 26.3% | 0.0% |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 124.38 |
| Mkt Cap | 53.0 |
| Rev LTM | 27,422 |
| Op Inc LTM | 4,715 |
| FCF LTM | 4,534 |
| FCF 3Y Avg | 4,721 |
| CFO LTM | 5,920 |
| CFO 3Y Avg | 5,682 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.9% |
| Rev Chg 3Y Avg | 8.9% |
| Rev Chg Q | 4.9% |
| QoQ Delta Rev Chg LTM | 1.2% |
| Op Inc Chg LTM | 8.7% |
| Op Inc Chg 3Y Avg | 5.1% |
| Op Mgn LTM | 27.8% |
| Op Mgn 3Y Avg | 28.1% |
| QoQ Delta Op Mgn LTM | 0.7% |
| CFO/Rev LTM | 21.2% |
| CFO/Rev 3Y Avg | 20.4% |
| FCF/Rev LTM | 18.8% |
| FCF/Rev 3Y Avg | 20.0% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 53.0 |
| P/S | 1.5 |
| P/Op Inc | 15.0 |
| P/EBIT | 8.8 |
| P/E | 12.8 |
| P/CFO | 8.5 |
| Total Yield | 9.6% |
| Dividend Yield | 1.4% |
| FCF Yield 3Y Avg | 14.1% |
| D/E | 0.2 |
| Net D/E | -0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 1.6% |
| 3M Rtn | 8.5% |
| 6M Rtn | 12.4% |
| 12M Rtn | 17.8% |
| 3Y Rtn | 87.8% |
| 1M Excs Rtn | -6.8% |
| 3M Excs Rtn | 4.7% |
| 6M Excs Rtn | 7.6% |
| 12M Excs Rtn | -15.5% |
| 3Y Excs Rtn | 18.8% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| CNA Financial Corporation (CNA) | 13,299 | 11,879 | 11,908 | 10,827 | 10,788 |
| Boardwalk Pipelines | 1,636 | 1,446 | 1,349 | 1,302 | 1,300 |
| Loews Hotels & Co | 852 | 721 | 480 | 278 | 692 |
| Corporate | 114 | -2 | 920 | -129 | 1,163 |
| Diamond Offshore | 305 | 988 | |||
| Total | 15,901 | 14,044 | 14,657 | 12,583 | 14,931 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| CNA Financial Corporation (CNA) | 1,094 | 612 | 1,077 | 618 | 894 |
| Boardwalk Pipelines | 283 | 247 | 235 | 206 | 209 |
| Loews Hotels & Co | 147 | 117 | -14 | -212 | -31 |
| Corporate | -90 | -154 | 280 | -1,067 | 35 |
| Diamond Offshore | -476 | -175 | |||
| Total | 1,434 | 822 | 1,578 | -931 | 932 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| CNA Financial Corporation (CNA) | 64,655 | 60,945 | 66,588 | 63,976 | 60,583 |
| Boardwalk Pipelines | 9,785 | 9,640 | 9,418 | 9,353 | 9,248 |
| Corporate | 2,383 | 3,047 | 3,949 | 5,270 | 4,850 |
| Loews Hotels & Co | 2,374 | 1,935 | 1,671 | 1,637 | 1,728 |
| Diamond Offshore | 5,834 | ||||
| Total | 79,197 | 75,567 | 81,626 | 80,236 | 82,243 |
Price Behavior
Price Behavior
| Market Price | $110.65 | |
| Market Cap ($ Bil) | 22.9 | |
| First Trading Date | 07/10/1987 | |
| Distance from 52W High | -1.4% | |
| 50 Days | 200 Days | |
| DMA Price | $108.88 | $102.24 |
| DMA Trend | up | up |
| Distance from DMA | 1.6% | 8.2% |
| 3M | 1YR | |
| Volatility | 15.3% | 14.5% |
| Downside Capture | -0.11 | 0.03 |
| Upside Capture | 25.15 | 36.98 |
| Correlation (SPY) | 10.1% | 25.4% |
L Betas & Captures as of 3/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.29 | 0.15 | 0.12 | 0.12 | 0.53 | 0.51 |
| Up Beta | -0.89 | -0.01 | 0.22 | 0.38 | 0.58 | 0.62 |
| Down Beta | 0.09 | 0.17 | 0.17 | 0.10 | 0.66 | 0.57 |
| Up Capture | 45% | 28% | 10% | 15% | 32% | 20% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 9 | 21 | 30 | 68 | 140 | 426 |
| Down Capture | 48% | 6% | 5% | -2% | 40% | 55% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 13 | 21 | 33 | 58 | 112 | 323 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with L | |
|---|---|---|---|---|
| L | 33.3% | 14.8% | 1.73 | - |
| Sector ETF (XLF) | 15.6% | 15.1% | 0.76 | 55.0% |
| Equity (SPY) | 26.7% | 12.5% | 1.77 | 26.3% |
| Gold (GLD) | 38.9% | 27.4% | 1.19 | -3.0% |
| Commodities (DBC) | 23.5% | 16.2% | 1.32 | -5.3% |
| Real Estate (VNQ) | 15.6% | 13.6% | 0.82 | 46.2% |
| Bitcoin (BTCUSD) | -12.8% | 42.6% | -0.21 | 7.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with L | |
|---|---|---|---|---|
| L | 15.8% | 19.4% | 0.67 | - |
| Sector ETF (XLF) | 10.0% | 18.7% | 0.42 | 77.0% |
| Equity (SPY) | 10.5% | 17.1% | 0.48 | 56.3% |
| Gold (GLD) | 21.5% | 17.8% | 0.99 | 3.8% |
| Commodities (DBC) | 10.7% | 18.8% | 0.47 | 18.6% |
| Real Estate (VNQ) | 3.6% | 18.8% | 0.09 | 53.2% |
| Bitcoin (BTCUSD) | 3.8% | 56.4% | 0.29 | 17.0% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with L | |
|---|---|---|---|---|
| L | 11.4% | 25.5% | 0.44 | - |
| Sector ETF (XLF) | 12.9% | 22.2% | 0.53 | 81.9% |
| Equity (SPY) | 13.8% | 17.9% | 0.66 | 67.5% |
| Gold (GLD) | 13.9% | 15.9% | 0.73 | -0.8% |
| Commodities (DBC) | 8.1% | 17.6% | 0.38 | 28.0% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.23 | 61.1% |
| Bitcoin (BTCUSD) | 68.1% | 66.9% | 1.07 | 16.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/9/2026 | -0.3% | -2.2% | -1.8% |
| 11/3/2025 | -0.1% | 3.0% | 6.3% |
| 8/4/2025 | 2.8% | 3.9% | 6.6% |
| 5/5/2025 | -1.8% | 0.3% | 1.8% |
| 2/10/2025 | -1.0% | -4.3% | -2.5% |
| 11/4/2024 | -3.5% | 4.8% | 8.5% |
| 7/29/2024 | -1.5% | -1.7% | 0.5% |
| 5/6/2024 | 1.8% | 2.1% | -1.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 17 | 14 |
| # Negative | 12 | 7 | 10 |
| Median Positive | 1.8% | 2.5% | 4.7% |
| Median Negative | -1.6% | -2.2% | -1.6% |
| Max Positive | 7.6% | 8.7% | 22.9% |
| Max Negative | -4.5% | -5.4% | -4.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/10/2026 | 10-K |
| 09/30/2025 | 11/03/2025 | 10-Q |
| 06/30/2025 | 08/04/2025 | 10-Q |
| 03/31/2025 | 05/05/2025 | 10-Q |
| 12/31/2024 | 02/11/2025 | 10-K |
| 09/30/2024 | 11/04/2024 | 10-Q |
| 06/30/2024 | 07/29/2024 | 10-Q |
| 03/31/2024 | 05/06/2024 | 10-Q |
| 12/31/2023 | 02/06/2024 | 10-K |
| 09/30/2023 | 10/30/2023 | 10-Q |
| 06/30/2023 | 07/31/2023 | 10-Q |
| 03/31/2023 | 05/01/2023 | 10-Q |
| 12/31/2022 | 02/07/2023 | 10-K |
| 09/30/2022 | 10/31/2022 | 10-Q |
| 06/30/2022 | 08/01/2022 | 10-Q |
| 03/31/2022 | 05/02/2022 | 10-Q |
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Multi-line Insurance Resources |
| Insurance Business America |
| A.M. Best |
| National Underwriter |
| Insurance News |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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