Loews Q2 Profit Rises on Pipelines, Investment Gains

Loews Corporation reported net income of $391 million, or $1.87 per share, for the second quarter of 2025, up from $369 million and $1.67 per share a year earlier. Total revenue increased to $4.56 billion, supported by higher investment income and solid results from its insurance subsidiary CNA Financial, which continued to face challenges from legacy reserve claims and investment losses. Boardwalk Pipelines posted a 25.7% increase in net income fueled by new projects and higher recontracting rates. The Loews Hotels segment saw a drop in net income due to higher expenses and reduced contributions from joint ventures. The parent company benefited from improved investment income and repurchased 2.9 million shares for $251 million during the quarter. Book value per share rose to $84.42 as of June 30, 2025, reflecting a focus on shareholder value and resilience across its diversified holdings.