Loews Corporation (NYSE:L) shares are trading higher Monday after the company reported third-quarter 2025 results.
Details
The company reported net income of $504 million, or $2.43 per share, compared to $401 million, or $1.82 per share, in the same period last year. Total revenue rose to $4.67 billion from $4.47 billion in the same quarter last year.
On September 30, 2025, book value per share rose to $88.39 from $79.49 at year-end. The book value excluding AOCI increased from $88.18 as of December 31, 2024 to $94.00.
As of September 30, 2025, the parent company had $3.6 billion in cash and investments and $1.8 billion in debt.
Loews repurchased 0.6 million shares for $56 million in the quarter.
CNA financial results
CNA financial company (NYSE:CNA) contributed $371 million to net income attributable to Loews, compared to $259 million a year ago.
Core income grew 40% year over year to $409 million, led by a decline in catastrophe losses, higher underlying underwriting results and higher net investment returns.
Net investment income for CNA increased due to a larger invested asset base and higher reinvestment rates.
Net written premiums increased 3%, while earned premiums increased 8% year-on-year.
CNA’s property and casualty insurance revenues improved 4.4 points, while catastrophe losses fell to $41 million from $143 million in the quarter.
The underlying combined ratio improved to 91.3% from 91.6% a year ago.
Results of the boardwalk
Net profit rose to $94 million from $77 million a year earlier. EBITDA also rose 7% to $267 million.
Higher recontracting rates, growth projects and higher revenues from storage, parking and lending drove the results.
On October 30, 2025, Boardwalk signed a precedent agreement for its Texas Gateway Project, adding 1.5 Bcf/d of capacity to connect Katy and Carthage, Texas, with increasing demand near Gillis, Louisiana.
This increases Boardwalk’s total announced growth projects to 4.2 Bcf/d, with an estimated combined cost of approximately $3.0 billion.
Lows Hotels
The company reported a net loss of $3 million, compared to a loss of $8 million in the same quarter a year ago. Adjusted EBITDA rose 8% to $69 million in the quarter.
The gains were driven by the opening of three new Universal Orlando Resort hotels, higher average daily rates and occupancy at existing properties, and stronger performance at Loews Arlington Hotel and Convention Center.
Price promotion: L shares were trading 1.04% higher at $100.60 premarket at last check Monday.
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