Loews Corporation (L): financials, SEC filings and peers
Loews Corporation (L) is a multi-line insurance company in the Financials sector of the S&P 500, headquartered in New York City, New York.
It was founded in 1959 and joined the S&P 500 on May 31, 1995.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “Fire, Marine & Casualty Insurance”.
Loews Corporation at a glance
- Revenue (12 months)
- $18.8B
- Revenue growth
- +2.8%
- Operating margin
- 13.1%
- Net income (12 months)
- $1.5B
- Free cash flow (12 months)
- $1.7B
- Cash
- $505M
- Debt
- $8.9B
- Diluted EPS (12 months)
- $7.23
Twelve months to September 30, 2026, from the 10-Q filed November 2, 2026.
Latest twelve months
Over the twelve months to September 30, 2026, Loews Corporation reported revenue of $18.8 billion, about the same as a year earlier (+2.8%).
Its operating margin was 13.1%: for every $100 of sales, about $13 was left as operating profit.
Net income was $1.5 billion (7.9% of revenue), 2.5% higher than a year earlier.
Operating cash flow was $2.6 billion and capital spending $916 million, leaving free cash flow of $1.7 billion (9.0% of revenue).
At the end of the period it held $505 million in cash and $8.9 billion in debt, a net debt position of $8.4 billion.
The diluted share count fell 1.5% in a year, typically the result of buybacks.
Five-year trend
- Revenue went from $12.6 billion in fiscal 2020 to $18.5 billion in fiscal 2025, about 8.0% a year.
- Revenue has grown for 3 fiscal years in a row.
- Free cash flow was positive in each of the last 6 fiscal years.
- Loews Corporation reported a net loss in 1 of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $14.7B | $14.0B | $15.9B | $17.5B | $18.5B |
| Revenue growth | 16.5% | -4.2% | 13.2% | 10.1% | 5.4% |
| Operating margin | — | — | — | — | — |
| Net income | $1.6B | $822M | $1.4B | $1.4B | $1.7B |
| Free cash flow | $2.1B | $2.7B | $3.2B | $2.4B | $2.7B |
| Diluted EPS | $6.00 | $3.38 | $6.29 | $6.41 | $7.97 |
Fiscal years as reported in Loews Corporation’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 10-Q filed November 2, 2026 — quarterly report
- 8-K filed November 2, 2026 — Earnings results
- 10-Q filed August 3, 2026 — quarterly report
- 8-K filed August 3, 2026 — Earnings results
- 8-K filed May 12, 2026 — Shareholder vote results
- 10-Q filed May 4, 2026 — quarterly report
- 8-K filed May 4, 2026 — Earnings results
- 8-K filed February 18, 2026 — Other event
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Questions about Loews Corporation
Is Loews Corporation's revenue growing?
Yes. Revenue for the twelve months to September 30, 2026 was $18.8 billion, up 2.8% from a year earlier, according to its SEC filings.
Is Loews Corporation profitable?
Yes. It earned $1.5 billion in net income over the twelve months to September 30, 2026, a net margin of 7.9%.
Does Loews Corporation have more cash or more debt?
At September 30, 2026 it had $505 million in cash and $8.9 billion in debt, so more debt than cash.
When did Loews Corporation last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on November 2, 2026.
Which companies are similar to Loews Corporation?
In the S&P 500, Loews Corporation is grouped in Multi-line Insurance within the Financials sector. American International Group (AIG), Assurant (AIZ) are in the same group.
Understand the numbers
Source: Loews Corporation’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved November 11, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.