L · Loews Corp
10 customers — 66% of revenue (as of December 31, 2025)
“as of December 31, 2025, the top ten customers under committed firm agreements comprised approximately 66% of Boardwalk Pipelines' total projected operating revenues.”
One customer — 10% of revenue (2025)
“For 2025, one customer comprised 10% or more of Boardwalk Pipelines' operating revenues.”
Price & Indicators
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Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
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| Adjusted EBITDA non-GAAP | $137M | Three Months Ended June 30, 2026 | — |
| Boardwalk EBITDA non-GAAP | $639M | Six Months Ended June 30, 2026 | — |
| Book value per share excluding AOCI non-GAAP | $99.27 | As of June 30, 2026 | — |
| CNA Core income non-GAAP | $549M | Six Months Ended June 30, 2026 | — |
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| EBITDA non-GAAP | $279M | Three Months Ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Boardwalk net income attributable to Loews Corporation 100M
+34M Interest, net
+33M Income tax expense
+112M Depreciation and amortization
= EBITDA 279M
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| Loews Hotels & Co Adjusted EBITDA non-GAAP | $261M | Six Months Ended June 30, 2026 | — |
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| Loews Hotels Adjusted EBITDA non-GAAP | 137M | Three Months | — |
| Pro rata Adjusted EBITDA of equity method investments non-GAAP | $71M | Three Months Ended June 30, 2026 | — |
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| Property and Casualty combined ratio | 96.5% | Three Months | — |
| Property and Casualty underlying combined ratio non-GAAP | 94.2% | Three Months | — |
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| Property and Casualty underlying loss ratio non-GAAP | 64.1% | Three Months | — |
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| Shares of common stock outstanding | 204.4M | As of June 30, 2026 | — |
| Boardwalk Pipelines EBITDA non-GAAP | 360M | Three Months Ended March 31, 2026 | — |
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| Core income non-GAAP | 225M | Three Months Ended March 31, 2026 | — |
GAAP → non-GAAP reconciliationGAAP CNA net income attributable to Loews Corporation 194M
+14M Investment losses
+17M Noncontrolling interests
= Core income 225M
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| Overall occupancy | 81% | Q1 2026 | — |
| CNA Property and Casualty underlying combined ratio non-GAAP | 92.3% | Q4 FY2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Insurance - Property & Casualty — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
L
this stock
Loews Corp
|
$22.45B | +4.3% | +5.4% | 13.5 | 2.1% |
|
CB
Chubb Ltd
|
$132.26B | +9.2% | +6.5% | 12.1 | 1.1% |
|
PGR
Progressive Corp/Oh/
|
$127.48B | -3.7% | +16.3% | 11.0 | 1.4% |
|
TKOMY
Tokio Marine Holdings, Inc.
|
$87.75B | +24.9% | — | — | 0.0% |
|
TRV
Travelers Companies, Inc.
|
$75.83B | +25.3% | +5.2% | 9.8 | 3.6% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| L | -2.8% | -6.8% | -2.1% | -5.3% | +4.3% |
| SPY | -1.4% | +3.6% | +11.6% | +2.5% | +12.3% |
| vs SPY | -1.5% | -10.5% | -13.7% | -7.8% | -8.0% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.