LOEWS CORP
For the period ended Jun 30, 2026. Filed Aug 3, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 3, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Corporate
Corporate operations consist primarily of investment income, interest expense and administrative costs at the Parent Company. Investment income includes earnings on cash and short-term investments held at the Parent Company to meet current and future liquidity needs, as well as results of the trading portfolio held at the Parent Company. Corporate also includes the equity method of accounting for Altium Packaging and intercompany eliminations.
The following table summarizes the results of operations for Corporate for the three and six months ended June 30, 2026 and 2025 as presented in Note 13 of the Notes to Consolidated Condensed Financial Statements included under Item 1 of this Report.
| Three Months Ended · Six Months Ended | |||||
|---|---|---|---|---|---|
| June 30, · June 30, | |||||
| 2026 · 2025 · 2026 · 2025 | |||||
| (In millions) | |||||
| Revenues: | |||||
| Net investment income | $55 | $47 | $50 | 47 | |
| Intercompany eliminations | (2) | (4) | |||
| Total | 53 | 47 | 46 | $47 | |
| Expenses: | |||||
| Operating and other | 15 | 15 | 31 | 31 | |
| Equity method loss | 14 | 11 | 21 | 18 | |
| Interest | 19 | 18 | 41 | 36 | |
| Total | 48 | 44 | 93 | 85 | |
| Income (loss) before income tax | 5 | 3 | (47) | (38) | |
| Income tax (expense) benefit | (3) | (2) | 7 | 5 | |
| Net income (loss) attributable to Loews Corporation | $2 | $1 | $(40) | $(33) | |
Net income attributable to Loews Corporation increased $1 million forthe three months ended June 30, 2026 and net loss attributable to Loews Corporation increased $7 million forthe six months ended June 30, 2026 as compared with the comparable 2025 periods.
Net investment income for the Parent Company increased $8 million and$3 million for the three and sixmonths ended June 30, 2026 as compared with the comparable 2025 periods, primarily due to improved results from the trading portfolio.
Equity method loss was $14 million and $21 million for the three and six months ended June 30, 2026, compared with $11 million and $18 million for the comparable 2025 periods. The losses in the current periods primarily reflect the timing impact of higher resin costs at Altium Packaging, as customer price adjustments are implemented prospectively and generally offset the higher resin costs over time.
Interest expense increased $1 million and $5 million for thethree and six months ended June 30, 2026 as compared with the comparable 2025 periods, due to the issuance in February of 2026 of the Parent Company’s $500 million aggregate principal amount of 4.9% senior notes due April 1, 2036, the proceeds of which were used to redeem on March 19, 2026 the outstanding $500 million aggregate principal amount of our 3.8% senior notes due April 1, 2026.
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