Loews Corporation (NYSE:L) on Monday reported fourth-quarter 2025 net income of $402 million, or $1.94 per share, compared to $187 million, or 86 cents per share, in the same period last year.
This growth in earnings can be attributed to the absence of a pension settlement charge that impacted the previous year’s results.
Earnings Snapshot
Total revenue rose to $4.74 billion from $4.55 billion in the year-ago quarter.
As of December 31, 2025, book value per share rose to $90.71 from $79.49 at year-end. Book value excluding AOCI increased to $95.89 from $88.18 as of December 31, 2024.
On December 31, 2025, the parent company had $3.9 billion of cash and investments and $1.8 billion of debt.
Loews repurchased 1.0 million shares for $98 million in the quarter.