Welcome to our dedicated page for Loews SEC filings (Ticker: L), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Loews Corporation filings document the regulatory record for a NYSE-listed diversified holding company with operations in insurance, energy, hospitality and packaging. Form 8-K reports furnish quarterly results and earnings remarks, identify the company’s common stock registration, and record material events involving capital structure and governance.
The filing record includes a completed senior notes offering under a shelf registration statement and long-standing indenture, board elections and retirements, committee appointments, and proxy disclosures covering director matters, executive compensation, shareholder meeting items and corporate governance.
Loews Corporation reported net income of $1,667 million, or $7.97 per share, for 2025, up from $1,414 million, or $6.41 per share, in 2024. Fourth quarter 2025 net income was $402 million, or $1.94 per share, compared to $187 million, or $0.86, a year earlier.
Book value per share rose to $90.71 as of December 31, 2025, and to $95.89 excluding AOCI. The company repurchased 8.9 million shares in 2025 for $782 million. CNA contributed $1,173 million of net income and was upgraded by A.M. Best to an A+ financial strength rating.
Boardwalk Pipelines generated EBITDA of $1,174 million and ended 2025 with a contractual revenue backlog of about $19.6 billion, supported by major growth projects totaling roughly $3.3 billion in projected capital spending. Loews Hotels delivered Adjusted EBITDA of $372 million, helped by new Universal Orlando properties and stronger Arlington performance, despite an impairment and renovation-related headwinds. The company also highlighted ongoing Delaware litigation related to its 2018 Boardwalk acquisition, with certain claims remanded for further proceedings.
Loews Corporation Sr. Vice President & CFO Jane J. Wang reported routine equity compensation activity involving restricted stock units (RSUs) that vested and converted into common stock on February 5 and 6, 2026.
On February 5, 5,475 RSUs from a 2024 performance-based award converted into common shares, and the company withheld 2,240 shares at a price of $109.43 to cover tax obligations. On February 6, 6,607 RSUs from a 2023 performance-based award converted into common shares, and 3,112 shares were withheld at $110.89 for taxes. After these transactions, Wang directly owned 19,042 shares of Loews common stock.
Loews Corporation senior vice president Kenneth I. Siegel reported routine equity compensation activity. On February 5, 2026, 5,475 restricted stock units vested and converted into common stock at an exercise price of $0, with 2,239 shares withheld at $109.43 per share to cover tax obligations. On February 6, 2026, a further 6,607 RSUs vested and converted at $0, with 3,112 shares withheld at $110.89 per share for taxes. After these transactions, Siegel directly owned 14,321 shares of Loews common stock.
Loews Corporation executive Mark S. Schwartz, V.P., C.A.O. and Treasurer, reported multiple equity compensation transactions. On February 5, 2026, 3,422 common shares were issued upon vesting of 2024 restricted stock units, with 1,234 shares withheld at $109.43 to cover tax obligations. On February 6, 2026, 4,129 shares were issued from 2023 restricted stock units, and 1,979 shares were withheld at $110.89 for taxes. After these events, Schwartz directly holds 15,230 Loews common shares and indirectly holds 9,218 shares through his spouse. Each RSU represents a contingent right to receive one share of Loews common stock.
Loews Corporation senior executive Marc A. Alpert reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding. On February 5 and 6, 2026, RSUs granted in 2023 and 2024 vested and converted into a total of 5,475 and 6,607 shares of common stock, respectively, at an exercise price of $0 per share.
On each vesting date, Loews withheld 2,239 shares at $109.43 per share and 3,112 shares at $110.89 per share to cover Alpert’s tax obligations, so those shares were not issued to him. After these transactions, he directly owned 19,820 shares of Loews common stock and 5,476 RSUs, each RSU representing a contingent right to receive one share of common stock.
Loews Corporation reported a routine insider equity grant for a director. On 12/31/2025, a director of Loews Corp received 234 shares of common stock at a price of $0, recorded as an acquisition. This grant is described as a quarterly grant of common stock in respect of director compensation under the Loews Corporation 2025 Incentive Compensation Plan.
Following this transaction, the reporting person beneficially owned 2,873,063 shares of Loews common stock directly. In addition, 9,816,950 shares were held indirectly by trusts and 3,005,037 shares were held indirectly by the director’s spouse. The filing is submitted as a Form 4 for one reporting person in the capacity of director.
Loews Corporation director Susan Peters reported a routine equity award. On 12/31/2025, she acquired 234 shares of Loews common stock at a stated price of $0, described as a quarterly grant of common stock for director compensation under the Loews Corporation 2025 Incentive Compensation Plan. Following this grant, she beneficially owned 2,593 shares of Loews common stock in direct ownership. This filing records standard board compensation in the form of company stock.
Loews Corporation director equity activity: A company director reported two equity-related transactions in Loews common stock. On 12/31/2025, the director received 234 shares of common stock at a reported price of $0, described as a quarterly grant under the Loews Corporation 2025 Incentive Compensation Plan. On 01/01/2026, 1,288 restricted stock units (RSUs) that had vested earlier were converted into an equal number of common shares at a reported price of $0, following the director’s prior election to defer delivery until that date. After these transactions, the director beneficially owned 24,990 shares of Loews common stock, held directly.
Loews Corporation director Jennifer VanBelle reported receiving a quarterly grant of common stock as part of her director compensation under the Loews Corporation 2025 Incentive Compensation Plan. On 12/31/2025, she acquired 234 shares of Loews common stock at a price of $0, reflecting a stock-based compensation award rather than an open-market purchase. Following this grant, she beneficially owns 390 shares of Loews common stock in direct ownership form.
Loews Corp director reports routine stock grant
A director of Loews Corp reported receiving 234 shares of common stock on 12/31/2025. The filing shows this as an acquisition of common stock at a price of $0, reflecting a quarterly grant made as part of director compensation under the Loews Corporation 2025 Incentive Compensation Plan. After this grant, the reporting person beneficially owns 24,828 shares of Loews common stock in direct ownership.