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Diversified holding company owning stakes in commercial insurance (CNA Financial), energy pipelines and a hotel chain.
Diversified holding company owning stakes in commercial insurance (CNA Financial), energy pipelines and a hotel chain.
Mostly a holding company: CNA, in which it holds most of the shares, earns from insurance premiums and investment income; Boardwalk Pipelines is paid reserved-capacity fees to move and store natural gas under long-term contracts; the hotels earn room and event revenue. Loews itself lives off dividends from these units and spends cash on buybacks. The Tisch family leads it.
Moat: none (scale). A holding-company conglomerate; any moat sits within individual subsidiaries (CNA, Boardwalk), not the parent.
Headquarters: New York, New York, United States · Founded: 1959 · Employees: 13,100
Size Loews (L) is a United States Financials company (Property/Casualty Insurance) with a market value of $22.2B, the 466th largest of 3,117 United States companies the cockpit tracks. Shares closed at $109.71 on 6 Nov 2026.
Performance Over six months the shares gained 5.0%, against +17.7% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 2.8% over the last twelve months (peer median +2.3%); the operating margin is 12.4% (peer median 14.7%).
Valuation It trades at 1.22× book value against a peer median of 2.25× (4th cheapest of 21).
Price implies The share price implies a return on equity of about 8.3%; Loews delivers 8.1%, so the price asks more than the business earns today.
Backlog Backlog (remaining performance obligations) was $24.0B at 30 Sep 2026, up 21% on a year earlier — 1.3 years of trailing revenue. Backlog detail →
Credit Loews has 6 bonds outstanding ($3.15B), rated BBB by the agencies and trading like BBB at a weighted spread of 94 bp.
Short interest Short interest is 1.9% of the free float (15 Oct 2026).
Next results Next results expected around 8 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $18.8B | $18.5B | $17.5B | $15.9B | $14.0B |
| Revenue growth | — | +5% | +10% | +13% | — |
| Net income | $1.49B | $1.67B | $1.41B | $1.43B | $822M |
| Free cash flow | $2.53B | $3.11B | $3.09B | $2.64B | $2.50B |
| Capital expenditure | $916M | $579M | $632M | $686M | $660M |
| Total debt | $8.94B | $9.86B | $9.35B | $9.39B | $9.42B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Loews L | $22.2B | +5% | +3% | 8% | 1.22× | 8.3% |
| Berkshire Hathaway BRK-B | $1.22T | +20% | +4% | 12% | 1.64× | 10.8% |
| Markel MKL | $23.7B | +7% | -1% | 10% | 1.28× | 9.2% |
| Fairfax Financial FFH.TO | $42.7B | +21% | -1% | 16% | 1.40× | 7.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | L | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.0% | +10.0% | 2nd lowest of 21 |
| 6-month return | +5.0% | +17.7% | 2nd lowest of 21 |
| Return on equity | 8.1% | 16.5% | 3rd lowest of 21 |
| Price / book | 1.22× | 2.25× | 4th cheapest of 21 |
| Trailing P/E | 15.2× | 12.6× | 7th most expensive of 20 |
| ROE the price implies | 8.3% | 11.2% | 7th least demanding of 21 |
| ROE delivered | 8.1% | 16.5% | 3rd lowest of 20 |
| Bond spread | 94 bp | 105 bp | 4th tightest of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Loews L | United States | $22.2B | +5% | +3% | 8% | 1.22× | 8.3% | 8.1% |
| Markel MKL | United States | $23.7B | +7% | -1% | 10% | 1.28× | 9.2% | 9.6% |
| QBE Insurance QBE.AX | Australia | $27.7B | +19% | +3% | 19% | 2.37× | 11.3% | 19.1% |
| SamsungF&MIns 000810.KS | South Korea | $17.2B | +31% | +5% | 8% | 0.71× | 4.8% | 8.1% |
| Sampo SAMPO.HE | Finland | $29.1B | +10% | +2% | 16% | 3.60× | 11.3% | 16.5% |
| Admiral ADM.L | United Kingdom | $16.1B | +23% | 0% | 46% | 8.04× | 33.5% | 45.6% |
| Everest EG | United States | $15.2B | +18% | -9% | 13% | 1.08× | 6.6% | 12.8% |
| Assurant AIZ | United States | $15.1B | +29% | +9% | 44% | 2.60× | 14.6% | 44.2% |
| Insurance Australia IAG.AX | Australia | $14.4B | +17% | +9% | 14% | 2.87× | 13.1% | 14.0% |
| RenaissanceRe RNR | United States | $14.0B | +16% | -21% | 13% | 1.34× | 7.5% | 13.4% |
| Hartford (The) HIG | United States | $35.8B | +1% | +4% | 23% | 1.94× | 11.3% | 22.7% |
| American Financial AFG | United States | $12.8B | +18% | +3% | 18% | 2.67× | 15.1% | n/a |
| Erie Indemnity ERIE | United States | $12.7B | +26% | +2% | 24% | 4.98× | 19.7% | 23.7% |
| Fairfax Financial FFH.TO | Canada | $42.7B | +21% | -1% | 16% | 1.40× | 7.0% | 15.8% |
| PICC Property & Casualty 2328.HK | Hong Kong | $48.9B | +16% | +9% | 17% | 1.09× | 5.8% | 16.5% |
| Hanover Insurance THG | United States | $8.35B | +28% | +5% | 22% | 2.43× | 11.2% | 21.8% |
| Scor SCR.PA | France | $6.96B | +10% | -4% | 19% | 1.44× | 9.8% | 18.8% |
| Definity Financial DFY.TO | Canada | $6.47B | +14% | +35% | 12% | 2.13× | 7.6% | 11.7% |
| Hagerty HGTY | United States | $6.18B | +79% | +1% | 5% | 8.42× | 53.7% | 4.6% |
| Travelers Companies (The) TRV | United States | $81.0B | +33% | +1% | 28% | 2.79× | 13.9% | 27.5% |
| Selective Insurance SIGI | United States | $5.87B | +17% | +4% | 15% | 1.81× | 9.1% | 14.7% |
Loews has 6 bonds outstanding with $3.15B face value. The agencies rate it BBB; its bonds trade like BBB. Weighted yield 5.62%, a spread of 94 bp over government bonds.
Loews reported $24.0B of remaining performance obligations at 30 Sep 2026, up 21% from a year earlier and up 2% from the previous quarter. That is 1.3 years of trailing revenue already under contract. Book-to-bill last quarter: 1.10.