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Loews L Operating expenses and other

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Segments

By segment

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Boardwalk Pipeline Partners, LP$377M-1.0%
CNA Financial$370M+1.9%
Loews Hotels Holding Corporation$246M+6.5%
Corporate$16M0.0%

Other financials

Income statement

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Revenue$4.7B+3.9%
Net income$444.0M+13.6%
EPS (diluted)$2.16+15.5%

Balance sheet

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Cash & equivalents$843.0M+50.5%
Total debt$8.9B-0.1%
Total equity$18.7B+8.8%
Total assets$85.7B+3.0%

Cash flow

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Operating cash flow$72.0M-90.2%
CapEx$204.0M+108%
Free cash flow-$132.0M-121%

Valuation

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Market cap$23.71B+21.5%
Enterprise value$31.8B+8.3%
P/E14.1×-0.4×
P/S1.3×+0.2×

Profitability

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Gross margin92.8%
Net margin9%+1.6pp
FCF margin10.4%-6.4pp

Returns & leverage

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Return on equity9.1%+1.2pp
Debt / equity0.5×0.0×

Where this comes from

Reported directly by Loews in its filing.

Tagged under the XBRL concept l:OperatingExpensesAndOther.

The source filing: Loews’s 10-Q, filed May 4, 2026.

Filed
May 4, 2026, 9:52 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000060086-26-000032
Three Months Ended March 3120262025
Insurance claims and policyholders’ benefits (re-measurement loss of $19 and $8)2,1752,027
Amortization of deferred acquisition costs476471
Non-insurance warranty expense356385
Operating expenses and other1,009991
Equity method (income) loss(37)1
Interest113105
Total4,0923,980
Income before income tax463514

Item 1. Financial Statements (unaudited)

FAQ

What is Loews's operating expenses and other?
Loews (L) reported operating expenses and other of $1.01B in Q1 2026.
How has Loews's operating expenses and other changed year-over-year?
Loews's operating expenses and other increased by 1.8% year-over-year, from $991M to $1.01B.
What is the long-term trend for Loews's operating expenses and other?
Over 3 years (2022 to 2025), Loews's operating expenses and other has grown at a 10.0% compound annual growth rate (CAGR), from $3.08B to $4.09B.
What does operating expenses and other mean?
This encompasses all general, administrative, and operational expenses not categorized elsewhere, such as overhead, personnel costs, and corporate expenses. It provides a view of the company's fixed cost structure and operational discipline. Monitoring this helps assess the company's ability to manage its overhead relative to its revenue growth.

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