Loews (L) Grows Profit And Book Value, But Underwriting Slips
Loews (L) reported Q2 2026 net income of $444M ($2.16/Share), up from $391M ($1.87/Share) in Q2 2025. Book value per share rose to $93.52. CNA Financial (CNA), its largest unit, saw net income increase to $294M. Boardwalk Pipelines and Loews Hotels also reported higher profits. However, CNA's underwriting margins slipped, with the combined ratio widening to 96.5%.



