Loews Corp (L) Financial Statements
Industry: Fire, Marine & Casualty Insurance
In fiscal 2025, Loews reported revenue of $18.45B, up 5.4% from $17.51B the year before. Net income was $1.67B (a 9.0% net margin), or $7.97 per diluted share. Gross margin was 55.1% and operating margin was 51.8%. Operating activities generated $3.28B of cash, leaving $2.70B of free cash flow. At fiscal year end, Loews held $86.35B in total assets against $66.71B in total liabilities.
Open the full interactive Loews financials → Quarterly statements, key ratios, valuation history and price charts.
Loews Key Stats
| Share Price | $108.47 |
|---|---|
| Market Cap | $22.30B |
| P/E Ratio | 13.6 |
| Revenue YoY Growth | +5.4% |
| 52-Week Range | $97.58 – $119.33 |
| Shares Outstanding | 205.5 million (basic, 2026 Q2) |
Loews Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $12.58B | $14.66B | $14.04B | $15.90B | $17.51B | $18.45B |
| Cost of Goods Sold | $6.17B | $6.35B | $6.39B | $7.07B | $7.74B | $8.29B |
| Gross Profit | $6.41B | $8.31B | $7.66B | $8.83B | $9.77B | $10.16B |
| Operating Income | $5.68B | $7.79B | $7.15B | $8.29B | $9.19B | $9.55B |
| Pre-Tax Income | -$1.46B | $2.18B | $1.38B | $2.00B | $1.87B | $2.28B |
| Income Tax | -$173.0M | $479.0M | $278.0M | $451.0M | $380.0M | $511.0M |
| Net Income | -$931.0M | $1.58B | $1.01B | $1.43B | $1.41B | $1.67B |
| Diluted EPS | -$3.32 | $6.07 | $4.16 | $6.29 | $6.41 | $7.97 |
Loews Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $4.67B | $4.73B | $4.55B | $4.73B |
| Net Income | $504.0M | $402.0M | $337.0M | $444.0M |
| Diluted EPS | $2.43 | $1.92 | $1.63 | $2.16 |
Loews Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Total Assets | $80.24B | $81.63B | $75.49B | $79.20B | $81.94B | $86.35B |
| Total Long-Term Debt | $10.11B | $9.08B | $9.02B | $9.00B | $8.94B | $9.49B |
| Total Liabilities | $61.05B | $62.45B | $60.02B | $62.67B | $64.01B | $66.71B |
| Shareholders' Equity | $17.86B | $17.85B | $14.60B | $15.70B | $17.07B | $18.69B |
Loews Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $1.75B | $2.62B | $3.31B | $3.91B | $3.02B | $3.28B |
| Cash From Investing | -$1.41B | -$1.19B | -$2.35B | -$2.75B | -$1.98B | -$2.83B |
| Cash From Financing | -$198.0M | -$1.29B | -$1.04B | -$1.30B | -$898.0M | -$513.0M |
| Free Cash Flow | $1.03B | $2.14B | $2.65B | $3.22B | $2.39B | $2.70B |
Figures from Loews' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Loews financials page for every line item.
Loews Company Profile
| Ticker | L |
|---|---|
| Exchange | NYSE |
| Industry | Fire, Marine & Casualty Insurance |
| Headquarters | New York, New York |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000060086 |
Frequently Asked Questions
What was Loews' revenue in fiscal 2025?
Loews (L) reported revenue of $18.45B for fiscal 2025.
What is Loews' annual revenue history?
Loews' annual revenue by fiscal year: 2020: $12.58B; 2021: $14.66B; 2022: $14.04B; 2023: $15.90B; 2024: $17.51B; 2025: $18.45B.
What was Loews' net income in fiscal 2025?
Loews reported net income of $1.67B for fiscal 2025.
What was Loews' earnings per share (EPS) in fiscal 2025?
Loews' diluted EPS was $7.97 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Loews generate in fiscal 2025?
Loews generated $2.70B of free cash flow in fiscal 2025.
What was Loews' revenue last quarter?
In its most recent reported quarter (2026 Q2), Loews reported revenue of $4.73B.
How much debt does Loews have?
Loews reported $9.49B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Loews are outstanding?
Loews reported a weighted average of 205.5 million basic shares outstanding in 2026 Q2.
What is Loews' market cap?
Based on its latest closing price, Loews (L) has a market capitalization of about $22.30B.
When does Loews' fiscal year end?
Loews' fiscal year end, as registered with the SEC, is December 31.
Where is Loews headquartered?
Loews lists its business address in New York, New York in its SEC filings.