LOEWS CORP
For the period ended Sep 30, 2026. Filed Nov 2, 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.
Sep 30, 2026 · Filed Nov 2, 2026
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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 nine months ended September 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 · Nine Months Ended | |||||
|---|---|---|---|---|---|
| September 30, · September 30, | |||||
| 2026 · 2025 · 2026 · 2025 | |||||
| (In millions) | |||||
| Revenues: | |||||
| Net investment income | $74 | $97 | $124 | $144 | |
| Intercompany eliminations | (2) | (6) | |||
| Total | 72 | 97 | 118 | 144 | |
| Expenses: | |||||
| Operating and other | 16 | 21 | 47 | 52 | |
| Equity method loss | 1 | 3 | 22 | 21 | |
| Interest | 20 | 18 | 61 | 54 | |
| Total | 37 | 42 | 130 | 127 | |
| Income (loss) before income tax | 35 | 55 | (12) | 17 | |
| Income tax expense | (10) | (13) | (3) | (8) | |
| Net income (loss) attributable to Loews Corporation | $25 | $42 | $(15) | $9 | |
Net income attributable to Loews Corporation was $25 million forthe three months ended September 30, 2026 as compared with $42 million forthe comparable 2025 period. Net loss attributable to Loews Corporation was$15 million for the nine months ended September 30, 2026 as compared with net income of $9 million for the comparable 2025 period.
Net investment income for the Parent Company decreased $23 million and$20 million for the three and nine months ended September 30, 2026 as compared with the comparable 2025 periods, primarily due to lower results from the trading portfolio.
Interest expense increased $2 million and $7 million for thethree and nine months ended September 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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