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Loews Income Statement

Revenue, expenses, and profitability over time

Loews generated $18.5B in trailing twelve-month revenue, up 0.0% year-over-year. Net income was $1.6B with a 8.83% net margin. Diluted EPS is $7.87, which grew 0.3% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$18.5BNet Income (TTM)$1.6BEps Diluted (TTM)$7.87
Latest FilingQ1 2026
Report Date2026-05-04
Market Cap$22.1B
P/E Ratio13.52
ROE9.1%

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Weighted Average Diluted Shares Adjustment—$150K$120K$140K—$90K
Basic earnings per share$0.87$1.74$1.87$2.43$1.95$1.63
Diluted earnings per share$0.87$1.74$1.87$2.43$1.94$1.63
Weighted Average Diluted Shares Adjustment—$150K$120K$140K—$90K
Weighted average number diluted shares outstanding adjustment—$150K$120K$140K—$90K
Weighted-average shares, basic220.3M212.5M209.2M207.6M209M206.2M
Weighted-average shares, diluted220.5M212.6M209.4M207.7M209.1M206.3M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital Expenditures$174M$98M$134M$156M$191M$204M
Change in Other Liabilities-$63M$27M-$19M-$242M-$40M-$406M
Benefits, Losses and Expenses$4.4B$4B$4B$4B$4.2B$4.1B
Deferred taxes-$11.3M$28M$28M$28M$28M—
Deferred Policy Acquisition Costs, Amortization Expense$462M$471M$469M$483M$475M$476M
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions$16.5M-$2.3M-$2.3M-$2.3M-$2.3M—
Increase (Decrease) in Deferred Policy Acquisition Costs$24M$37M$12M—$1M$24M
Increase Decrease In Insurance Liabilities$806M$656M$758M$108M$148M$446M
Increase (Decrease) in Other Operating Assets-$543M$92M$54M-$132M-$237M-$83M
Other liabilities-$63M$27M-$19M-$242M-$40M-$406M
Increase (Decrease) in Debt Securities, Trading, and Equity Securities, FV-NI—$144M-$163M$187M$245M$582M
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation-$976M-$520M-$322M—-$79M-$714M
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation$0-$204M-$809M-$1.2B-$611M$994M
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$941M$736M$1B$920M$617M$72M
Net Investment Income$696M$608M$714M$743M$714M$613M
Non-insurance Warranty Expense$378M$385M$384M$377M$380M$356M
Operating expenses and other$1.4B$991M$989M$1B$1.1B$1B
Payment for (Proceeds from) Other Investing Activity—$45M—$11M$37M-$35M
Payments for Repurchase of Common Stock$346M$394M$257M$55M$100M$31M
Payments For Repurchase Of Redeemable Noncontrolling Interest$5M$34M———$36M
Payments of Ordinary Dividends, Common Stock$13M$13M$13M$13M$13M$13M
Payments to Acquire Debt Securities, Available-for-Sale$1.4B$1.8B$2B$2.3B$1.1B$1.5B
Payments To Acquire Limited Partnership Interests$100M$78M$202M$60M$107M$83M
Payments to Acquire Property, Plant, and Equipment$174M$98M$134M$156M$191M$204M
Issuance of debt$10M———$907M$495M
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-Sale$641M$814M$799M$954M$790M$813M
Financing — other-$14M-$23M-$40M-$6M$0-$23M
Sale of investments$458M$643M$854M$935M$514M$364M
Repayments of Debt$603M$1M$2M$1M$865M$1.1B
Add: dilutive effect of potential common shares (in shares)—$150K$120K$140K—$90K
Cash Dividends, Common Stock$13M$13M$13M$13M$13M$13M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gain (Loss) on Investments-$39M-$9M-$46M-$7M-$19M-$18M
Gains on strategic investments, net-$39M-$9M-$46M-$7M-$19M-$18M
Income from equity method investments$14M-$1M$18M$22M$35M$37M
Gain (loss) on disposal of assets-$39M-$9M-$46M-$7M-$19M-$18M
Gains (losses) on equity investments-$39M-$9M-$46M-$7M-$19M-$18M
Interest expense$110M$105M$107M$112M$113M$113M
Gains on disposal of investments and other property-$39M-$9M-$46M-$7M-$19M-$18M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends$13M$13M$13M$13M$13M$13M
Net income$187M$370M$391M$504M$402M$337M
Common Stock Dividends$13M$13M$13M$13M$13M$13M

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Depreciation and amortization$145.8M$152.5M$152.5M$152.5M$152.5M—

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$188M$514M$539M$689M$541M$463M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$0$122M$123M$153M$113M$109M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net premiums earned$2.7B$2.6B$2.7B$2.8B$2.8B$2.7B
Net investment income$696M$608M$714M$743M$714M$613M
Non-Insurance Warranty Revenue$397M$397M$398M$393M$389M$374M
Operating revenues and other$813M$872M$795M$759M$853M$887M
Total revenue$4.5B$4.5B$4.6B$4.7B$4.7B$4.6B

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Medical costs$2B$2B$2.1B$2B$2.2B$2.2B