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L · Q2 2026
Archived report (Q2 2026). Latest deep dive →
The quarter in brief
Revenue grew 3.9% y/y to $4.73B, pre-tax margin 12.9% vs 11.8%, net income $444M (+13.6% y/y).
Net income attributable to Loews Corporation
$444M
up 13.6% y/y
Total revenues
$4,734M
up 3.9% y/y
All figures in $M.
| Line item | Amount and change |
|---|---|
| Total revenues | $4,734 · +3.9% |
| Insurance claims and policyholders’ benefits | $2,169 · +4.0% |
| Operating expenses and other | $1,953 · +1.1% |
| Income before income tax | $612 · +13.5% · 12.9% margin |
| Income tax expense | $141 · +14.6% · 23.0% effective rate |
| Amounts attributable to noncontrolling interests | $27 · +8.0% |
| Net income attributable to Loews Corporation | $444 · +13.6% · 9.4% margin |
Verdict: revenue grew 3.9% y/y to $4.73B, pre-tax margin 12.9% vs 11.8%, net income $444M (+13.6% y/y).
Net income was $2.16 per share vs $1.87 in the second quarter of 2025.
Source and notation
Source: Loews press release, 8-K EX-99.1 of 08/03/2026 (SEC EDGAR). Every figure was matched against the income statement in the release and checked against SEC XBRL.
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Chart: “L Q2 2026: where the revenue went” by Who Reports Today, https://whoreportstoday.com/t/l/q2-2026. Licensed under CC BY 4.0.
<figure> <a href="https://whoreportstoday.com/t/l/q2-2026"><img src="https://whoreportstoday.com/t/l/q2-2026/sankey.png" alt="L Q2 2026: where the revenue went" loading="lazy" style="max-width:100%;height:auto"></a> <figcaption>Source: <a href="https://whoreportstoday.com/t/l/q2-2026">Who Reports Today</a>, licensed under <a href="https://creativecommons.org/licenses/by/4.0/">CC BY 4.0</a></figcaption> </figure>
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<a href="https://whoreportstoday.com/t/l/q2-2026">L Q2 2026 earnings chart (Who Reports Today)</a>
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- Book value per share increased to $93.52 as of June 30, 2026, from $90.71 as of December 31, 2025.
- Pre-tax income was $612M, a 12.9% margin vs 11.8% a year earlier.
- The effective tax rate was 23.0% vs 22.8% a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
L — an American holding company whose subsidiaries write commercial property and casualty insurance (CNA Financial), transport and store natural gas and liquids (Boardwalk Pipelines) and run a hotel chain (Loews Hotels). It also holds a stake in packaging maker Altium Packaging.
It reports four segments: CNA Financial, Boardwalk Pipelines, Loews Hotels & Co and Corporate. · Source: annual report (Form 10-K, SEC)
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