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Financials · L

Loews Corporation (L) financials

For the twelve months ended Sep 30, 2026, Loews Corporation reported $18.78B of revenue and $1.49B of net income.

Revenue, TTM
$18.78B
Revenue growth, YoY
+2.8%
Net income, TTM
$1.49B
Net income growth, YoY
+2.5%
Net margin
7.9%
Free cash flow, TTM
$1.69B
EPS, diluted, TTM
$7.22
EPS growth, YoY
+4.5%
Cash
$505.00M
Total debt
$8.42B
P/E
15.07
P/S
1.19
Market cap
$22.43B
Annual revenue$18.45B
FY2016FY2025
Annual net income$1.67B
FY2016FY2025
Annual free cash flow$2.70B
FY2016FY2025

L revenue and earnings growth

L revenueQ3 2026$4.76B

Quarter YoY
+1.9%
QoQ
+0.5%
FY YoY
+5.4%
5Y CAGR
+8.0%
10Y CAGR
+3.2%

L revenue was $4.76B in fiscal Q3 2026 (ended Sep 30, 2026), up 1.9% from a year earlier and up 0.5% from the prior quarter. For the full fiscal 2025 it was $18.45B, up 5.4% from fiscal 2024. Compound annual growth was +8.0% over 5 years and +3.2% over 10 years. It rose in 7 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

L net incomeQ3 2026$306.00M

Quarter YoY
-39.3%
QoQ
-31.1%
FY YoY
+17.9%
10Y CAGR
+20.4%

L net income was $306.00M in fiscal Q3 2026 (ended Sep 30, 2026), down 39.3% from a year earlier and down 31.1% from the prior quarter. For the full fiscal 2025 it was $1.67B, up 17.9% from fiscal 2024. Compound annual growth was +20.4% over 10 years. It rose in 2 of the last 4 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

L EPSQ3 2026$1.50

Quarter YoY
-38.3%
QoQ
-30.6%
FY YoY
+24.3%
10Y CAGR
+27.2%

L diluted EPS was $1.50 in fiscal Q3 2026 (ended Sep 30, 2026), down 38.3% from a year earlier and down 30.6% from the prior quarter. For the full fiscal 2025 it was $7.97, up 24.3% from fiscal 2024. Compound annual growth was +27.2% over 10 years.

L free cash flowQ3 2026$691.00M

Quarter YoY
-9.6%
QoQ
-2.4%
FY YoY
+12.8%
5Y CAGR
+21.1%
10Y CAGR
+3.1%

L free cash flow was $691.00M in fiscal Q3 2026 (ended Sep 30, 2026), down 9.6% from a year earlier and down 2.4% from the prior quarter. For the full fiscal 2025 it was $2.70B, up 12.8% from fiscal 2024. Compound annual growth was +21.1% over 5 years and +3.1% over 10 years. It rose in 7 of the last 10 fiscal years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$18.45B$17.51B$15.90B$14.04B$14.66B$12.58B$14.93B$14.07B$13.73B$13.11B
Cost of revenue------$1.08B$923.00M$299.00M$271.00M
Interest expense$437.00M$441.00M$376.00M$378.00M$424.00M$515.00M$591.00M$574.00M$646.00M$536.00M
Pre-tax income$2.28B$1.87B$2.00B$1.11B$2.16B-$1.46B$1.12B$834.00M$1.58B$936.00M
Income tax$511.00M$380.00M$451.00M$223.00M$475.00M-$173.00M$248.00M$128.00M$170.00M$220.00M
Net income$1.67B$1.41B$1.43B$822.00M$1.56B-$931.00M$932.00M$636.00M$1.16B$654.00M
EPS, basic$7.98$6.42$6.30$3.39$6.02-$3.32$3.08$1.99$3.46$1.93
EPS, diluted$7.97$6.41$6.29$3.38$6.00-$3.32$3.07$1.99$3.45$1.93
Diluted shares209.1M220.5M227.8M243.3M260.2M280.3M303.4M319.9M337.5M338.3M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$495.00M$541.00M$399.00M$532.00M$621.00M$478.00M$336.00M$405.00M$472.00M$327.00M
Short-term investments$6.04B$4.61B$4.40B$4.85B$4.86B$4.67B$4.63B$3.87B$4.65B$4.76B
Goodwill$349.00M$347.00M$347.00M$346.00M$349.00M$785.00M$767.00M$665.00M$659.00M$346.00M
Total assets$86.35B$81.94B$79.20B$75.57B$81.63B$80.24B$82.24B$78.32B$79.59B$76.59B
Short-term debt-----$37.00M$77.00M---
Long-term debt$8.44B$8.94B$7.92B$8.16B$8.99B$10.07B$11.46B$11.36B$11.25B$10.67B
Total debt$8.44B$8.94B$7.92B$8.16B$8.99B$10.11B$11.53B$11.36B$11.25B$10.67B
Total liabilities$66.71B$64.01B$62.67B$60.37B$62.45B$61.05B$60.31B$56.93B$55.02B$53.23B
Shareholders' equity$18.69B$17.94B$16.52B$15.20B$17.47B$16.84B$21.93B$21.39B$24.57B$23.36B

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$3.28B$3.02B$3.91B$3.31B$2.62B$1.75B$1.74B$4.22B$2.59B$2.25B
Capital expenditures$579.00M$632.00M$686.00M$660.00M$482.00M$710.00M$1.04B$995.00M$1.03B$1.45B
Free cash flow$2.70B$2.39B$3.22B$2.65B$2.14B$1.03B$700.00M$3.23B$1.56B$803.00M
Investing cash flow-$2.83B-$1.98B-$2.75B-$2.35B-$1.19B-$1.41B-$671.00M-$1.44B-$2.65B-$2.19B
Financing cash flow-$513.00M-$898.00M-$1.30B-$1.04B-$1.29B-$198.00M-$1.14B-$2.83B$201.00M-$166.00M
Dividends paid$52.00M$55.00M$57.00M$61.00M$65.00M$70.00M$76.00M$80.00M$84.00M$84.00M
Share repurchases$806.00M$608.00M$849.00M$729.00M$1.14B$923.00M$1.05B$1.03B$216.00M$134.00M
Depreciation and amortization$607.00M$580.00M$534.00M$509.00M$503.00M$673.00M$898.00M$880.00M$854.00M$841.00M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY5.4%10.1%13.2%-4.2%16.5%-15.7%6.1%2.4%4.8%-2.3%
Net income growth, YoY17.9%-1.4%74.5%-47.4%--46.5%-45.4%78.0%151.5%
EPS growth, YoY24.3%1.9%86.1%-43.7%--54.3%-42.3%78.8%168.1%
Net margin9.0%8.1%9.0%5.9%10.7%-7.4%6.2%4.5%8.5%5.0%
Free cash flow margin14.6%13.7%20.3%18.9%14.6%8.2%4.7%22.9%11.4%6.1%
Return on equity8.9%7.9%8.7%5.4%8.9%-5.5%4.2%3.0%4.7%2.8%
Return on assets1.9%1.7%1.8%1.1%1.9%-1.2%1.1%0.8%1.5%0.9%
Debt to equity0.450.500.480.540.510.600.530.530.460.46

Source: XBRL data Loews Corporation files with the SEC, latest filing dated Nov 2, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

L peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
L$18.78B+2.8%$1.49B7.9%$22.43B
CB$61.85B+5.7%$11.23B18.2%$141.03B
PGR$91.73B+7.7%$11.62B12.7%$134.27B
TRV$48.92B+1.1%$8.33B17.0%$82.14B
ALL$70.23B+5.1%$11.61B16.5%$64.61B
AIG$27.73B+1.2%$3.29B11.9%$42.68B
HIG$29.87B+9.2%$4.61B15.4%$36.85B
ACGL$18.78B-3.9%$4.38B23.3%$35.53B
CINF$13.28B+9.9%$2.66B20.1%$29.15B

L FAQ

8 questions
  • What is L revenue?
    Loews Corporation (L) reported $18.78B of revenue for the twelve months ended Sep 30, 2026. That is up 2.8% from the year before. Revenue for fiscal 2025 was $18.45B.
  • Is L profitable?
    Yes. Loews Corporation earned $1.49B in net income for the twelve months ended Sep 30, 2026, a net margin of 7.9%.
  • How much cash and debt does L have?
    Loews Corporation reported $505.00M in cash and cash equivalents and $8.42B of debt on its most recent balance sheet in SEC filings.
  • How fast is L revenue growing?
    Loews Corporation's revenue changed +5.4% in fiscal 2025, to $18.45B. Its compound annual growth rate was +8.0% over 5 years and +3.2% over 10 years.
  • What is L free cash flow?
    Loews Corporation generated $1.69B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $2.61B less capital expenditures.
  • What is L earnings per share?
    Diluted earnings per share were $7.22 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did L last report financial results?
    The latest statements here come from Loews Corporation's 10-Q filed on Nov 2, 2026, covering the period ended Sep 30, 2026.
  • Where does this L financial data come from?
    Quantisnow builds these statements from the structured XBRL data Loews Corporation files with the SEC. It is provided for information only and is not investment advice.