Loews Q3 Net Income Falls to $306M on CNA Reserve Charge
New York – November 02, 2026 -- Loews Corporation reported third-quarter 2026 net income of $306 million, or $1.50 per share, down from $504 million, or $2.43 per share, a year earlier. A $125 million after-tax long-term care reserve charge at CNA Financial, weaker Property and Casualty underwriting and higher catastrophe losses drove the decline.
CNA's net income contribution drops to $180 million from $371 million
CNA's core income fell to $203 million from $409 million. The annual long-term care reserve assumption update accounted for the $125 million hit, measured after tax and noncontrolling interest. Loews expects higher investment yields from recent portfolio actions to offset the charge almost entirely, with the benefit flowing through investment income over time.