Income StatementBalance SheetCash FlowSegments
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Loews Cash Flow Statement

Operating, investing, and financing cash movements

Loews generated $2.6B in operating cash flow over the trailing twelve months. After $685.0M in capital expenditures, free cash flow was $1.9B. Free cash flow decreased 0.4% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$2.6BNet Cash From Investing (TTM)-$1.6BNet Cash From Financing (TTM)$211.0MCapital Expenditures (TTM)$685.0MDepreciation And Amortization Cf (TTM)$610.0MNet Change In Cash (TTM)$283.0M
Latest FilingQ1 2026
Report Date2026-05-04
Market Cap$22.2B
P/E Ratio13.60
ROE9.1%

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Adjustments to Reconcile Net Income—$180.0M$181.0M$210.0M—$200.0M
Change in accounts receivable$539.0M$246.0M$427.0M—$65.0M-$1.0M
Change in deferred policy acquisition costs$24.0M$37.0M$12.0M—$1.0M$24.0M
Change in other assets-$543.0M$92.0M$54.0M-$132.0M-$237.0M-$83.0M
Change in other liabilities-$63.0M$27.0M-$19.0M-$242.0M-$40.0M-$406.0M
Deferred income taxes-$11.3M$28.0M$28.0M$28.0M$28.0M—
Depreciation and amortization$145.8M$152.5M$152.5M$152.5M$152.5M—
Distributions from equity method investments$16.5M-$2.3M-$2.3M-$2.3M-$2.3M—
Net gains (losses) on investments-$20.3M-$20.3M-$20.3M-$20.3M-$20.3M—
Net cash from operating activities$941.0M$736.0M$1.0B$920.0M$617.0M$72.0M
Net income$189.0M$392.0M$416.0M$536.0M$428.0M$354.0M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$174.0M$98.0M$134.0M$156.0M$191.0M$204.0M
Proceeds from Sale of Retained Ownership Interests$135.0M$104.0M$157.0M$135.0M$109.0M$136.0M
Payments to Acquire Equity Securities, FV-NI$112.0M$124.0M$172.0M$133.0M$164.0M$174.0M
Proceeds from disposal of certain strategic investments$135.0M$104.0M$157.0M$135.0M$109.0M$136.0M
Proceeds from Sale of Seagen Inc. Common Stock$135.0M$104.0M$157.0M$135.0M$109.0M$136.0M
Net cash from investing activities$0.0-$204.0M-$809.0M-$1.2B-$611.0M$994.0M
Other investing activities—$45.0M—$11.0M$37.0M-$35.0M
Payments for (Proceeds from) Short-Term Investments—-$330.0M$167.0M$611.0M$472.0M-$1.6B
Proceeds from maturities/sales of investments$458.0M$643.0M$854.0M$935.0M$514.0M$364.0M
Purchases of investments$1.4B$1.8B$2.0B$2.3B$1.1B$1.5B

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt$10.0M———$907.0M$495.0M
Repayments of debt$603.0M$1.0M$2.0M$1.0M$865.0M$1.1B
Acquisition of redeemable noncontrolling interests$5.0M$34.0M———$36.0M
Distributions to noncontrolling interests$10.0M$55.0M$10.0M$11.0M$10.0M$55.0M
Dividends paid$13.0M$13.0M$13.0M$13.0M$13.0M$13.0M
Net cash from financing activities-$976.0M-$520.0M-$322.0M—-$79.0M-$714.0M
Other financing activities-$14.0M-$23.0M-$40.0M-$6.0M$0.0-$23.0M
Repurchases of common stock$346.0M$394.0M$257.0M$55.0M$100.0M$31.0M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$767.0M$638.0M$872.0M$764.0M$426.0M-$132.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$13.0M$7.0M$12.0M—$1.0M-$4.0M
Net increase (decrease) in cash—$19.0M-$113.0M$120.0M-$72.0M$348.0M