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Loews (L) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 2, 2026 · Loews (L) Q3 2026 earnings results →
Q3 2026 Revenue up 2% year over year to $4.8B · 6¢ of every $1 of revenue kept as net profit · operating margin 8.5%
Loews made $4.8B in Q3 2026 (+2% Y/Y). Operating margin 8.5%, net earnings $306M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 2, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $4.8B in Q3 2026, up 2% year over year and up 1% from the previous quarter.
Operating profit was $0.41B, a 8.5% margin (down 6.2 points year over year). Operating profit fell $0.28B even though revenue rose $0.09B versus Q3 2025, so costs grew faster than sales. Total costs grew 9% against revenue growth of 2%. Net earnings were $0.31B, down 39% year over year. The effective tax rate was 20.7%.
Operating cash flow was $1.0B (up 4% year over year), 296% of net income including minority interests. Working capital and other items added $0.63B. Capital expenditures of $0.26B left free cash flow of $0.69B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 2, 2026 | $4.8B | +2% | 8.5% | $306M | $954M |
| Q2 2026 | 10-Q | Aug 3, 2026 | $4.7B | +4% | 12.9% | $444M | $966M |
| Q1 2026 | 10-Q | May 4, 2026 | $4.6B | +1% | 10.2% | $337M | $72.0M |
| Q4 2025 | 10-K | Feb 10, 2026 | $4.7B | +4% | 11.4% | $402M | $617M |
| Q3 2025 | 10-Q | Nov 3, 2025 | $4.7B | +5% | 14.8% | $504M | $920M |
| Q2 2025 | 10-Q | Aug 4, 2025 | $4.6B | +7% | 11.8% | $391M | $1.0B |
| Q1 2025 | 10-Q | May 5, 2025 | $4.5B | +6% | 11.4% | $370M | $736M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Loews
Loews Corporation was incorporated in 1969 and is a holding company. Our subsidiaries are engaged in the following lines of business: • transportation and storage of natural gas and natural gas liquids, olefins and other hydrocarbons (Boardwalk Pipeline Partners, LP, a wholly owned subsidiary); and
In its own words, from its 10-K, filed Feb 10, 2026.
Loews against its Fire, Marine & Casualty Insurance peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +2% against the peers' median +2%. Operating margin: 8.5% against the peers' median 15.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| L Loews | Q3 2026 | $4.8B | +2% | 8.5% |
| BRK-B Berkshire Hathaway | Q2 2026 | $101.8B | +10% | 15.5% |
| PGR Progressive | Q3 2026 | $23.2B | +3% | 14.0% |
| ALL Allstate | Q3 2026 | $17.3B | +0.5% | 15.1% |
| CB Chubb | Q3 2026 | $16.2B | +0.3% | 21.0% |
| TRV Travelers Companies | Q3 2026 | $12.4B | -0.5% | 19.1% |
| AIG American International Group | Q3 2026 | $7.4B | +17% | 15.0% |
| HIG Hartford Insurance Group | Q3 2026 | $7.2B | +4% | 21.9% |
| ACGL Arch Capital Group | Q3 2026 | $4.7B | -9% | 25.5% |
Source: Loews 10-Q on SEC EDGAR · CIK 60086 · Fire, Marine & Casualty Insurance
Guidance and outlook
13F: who owns L and who is buying
More on L
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results