L

SEC.gov | Request Rate Threshold Exceeded

U.S. Securities and Exchange Commission

You’ve Exceeded the SEC’s Traffic Limit

Your request rate has exceeded the SEC’s maximum allowable requests per second. Your access to SEC.gov will be limited for 10 minutes.

Current guidelines limit each user to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. To ensure that SEC.gov remains available to all users, we reserve the right to block IP addresses that submit excessive requests.

The block will be lifted automatically by waiting 10 minutes. Continuing to exceed the SEC’s maximum allowable request rate during the time-out period will extend the duration of the time-out period. To ensure fair access for all users, please reduce the rate of your requests and visit SEC.gov again after the 10 minute time-out period has passed.

For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. For more information, contact opendata@sec.gov.

For more information, please see the SEC’s Web Site Privacy and Security Policy. Thank you for your interest in the U.S. Securities and Exchange Commission.

Reference ID: 0.ed18d017.1785767468.4e6cedbd

More Information

Internet Security Policy

By using this site, you are agreeing to security monitoring and auditing. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users.

Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. §§ 1001 and 1030).

To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. We reserve the right to block IP addresses that submit excessive requests. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests.

If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website.

Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users.

Note: We do not offer technical support for developing or debugging scripted downloading processes.

EX-99.1

2 exhibit991-q12026.htm

EX-99.1

Document

Exhibit 99.1

NEWS RELEASE

LOEWS CORPORATION REPORTS NET INCOME OF $337 MILLION

FOR THE FIRST QUARTER OF 2026

New York, NY, May 4, 2026: Loews Corporation (NYSE: L) today released its first quarter 2026 financial results.

First Quarter 2026 highlights:

Loews Corporation reported net income of $337 million, or $1.63 per share, in the first quarter of 2026, compared to $370 million, or $1.74 per share, in the first quarter of 2025. The following are key highlights of our first quarter results:

•CNA Financial Corporation’s (NYSE: CNA) net income attributable to Loews Corporation decreased year-over-year primarily due to lower underlying underwriting results and unfavorable net prior year loss reserve development, partially offset by higher net investment income.

•Boardwalk Pipelines’ net income increased year-over-year primarily due to higher contracting rates and utilization-based revenues on gas transportation, as well as higher rates on storage, parking and lending.

•Loews Hotels’ net income increased year-over-year primarily due to higher equity income from joint ventures, driven mainly by the Universal Orlando Resort joint ventures.

•Corporate segment results decreased year-over-year primarily due to lower investment income from the parent company trading portfolio and higher interest expense.

•Book value per share increased to $90.90 as of March 31, 2026, from $90.71 as of December 31, 2025.

•Book value per share, excluding AOCI, increased to $97.20 as of March 31, 2026, from $95.89 as of December 31, 2025.

•On March 31, 2026, the parent company had $4.5 billion of cash and investments and $1.8 billion of debt.

•Loews Corporation repurchased 0.3 million shares of its common stock during the first quarter of 2026 for a total cost of $31 million.

Consolidated highlights:

Three Months Ended March 31,

(In millions)20262025

Net Income (Loss) Attributable to Loews Corporation:

CNA Financial$194 $252

Boardwalk Pipelines159 152

Loews Hotels & Co26 —

Corporate(42)(34)

Net income attributable to Loews Corporation$337 $370

Net income per share attributable to Loews Corporation$1.63 $1.74

March 31, 2026December 31, 2025

Book value per share$90.90 $90.71

Book value per share excluding AOCI$97.20 $95.89

Shares of common stock outstanding (in millions)205.8 206.0

Page 1 of 7

Three months ended March 31, 2026 compared to 2025

CNA:

•Net income attributable to Loews Corporation was $194 million compared to $252 million.

•Core income decreased to $225 million compared to $281 million, driven by lower underlying underwriting results and unfavorable net prior year loss reserve development, partially offset by higher net investment income.

•Net earned premiums grew by 3% and net written premiums grew by 1%.

•Property and Casualty’s combined ratio increased by 3.8 points to 102.2% compared to 98.4% largely due to a higher underlying loss ratio and unfavorable net prior year loss reserve development. Property and Casualty’s underlying combined ratio increased to 94.5% from 92.1%.

•Property and Casualty’s underlying loss ratio increased by 2.6 points, mainly driven by higher loss cost trends and lower than expected rate in certain lines in recent quarters.

•Property and Casualty’s unfavorable net prior year loss reserve development increased from $61 million to $100 million mainly driven by professional errors & omissions and excess casualty in recent accident years.

•Net investment income increased due to higher income from fixed income securities, as a result of a larger invested asset base and favorable reinvestment rates, partially offset by lower common stock returns.

Boardwalk:

•Net income increased to $159 million compared to $152 million.

•EBITDA increased to $360 million compared to $346 million.

•Net income and EBITDA improved due to higher contracting rates and utilization-based revenues on gas transportation as well as higher rates on storage, parking and lending, partially offset by lower product sales and higher operating expenses.

Loews Hotels:

•Net income increased to $26 million compared to less than $1 million.

•Adjusted EBITDA increased 53% to $124 million compared to $81 million.

•Net income and adjusted EBITDA improved primarily due to higher equity income from joint ventures driven by growth in the overall average daily rate and an increase in both the number of available and the number of occupied room nights at the Universal Orlando Resort, including the addition of the three new hotels that opened in 2025.

Corporate:

•Net loss of $42 million compared to a net loss of $34 million.

•Results decreased primarily due to lower investment income from the parent company trading portfolio and higher interest expense related to recent debt refinancing.

Page 2 of 7

Share Purchases:

•On March 31, 2026, there were 205.8 million shares of Loews common stock outstanding.

•During the three months ended March 31, 2026,

l-202602090000060086FALSE00000600862026-02-092026-02-09

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported)     February 9, 2026

LOEWS CORPORATION

(Exact name of registrant as specified in its charter)

Delaware1-6541   13-2646102 (State or other jurisdiction of incorporation)(Commission File Number)   (I.R.S. Employer Identification No.)

9 West 57th Street, New York, NY 10019-2714 (Address of principal executive offices)    (Zip Code)

Registrant’s telephone number, including area code:   (212) 521-2000

NOT APPLICABLE

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐    Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered Common stock, $0.01 par valueLNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

1

Item 2.02    Results of Operations and Financial Condition.

On February 9, 2026, Loews Corporation issued a press release and posted on its website (www.loews.com) earnings remarks providing information on its results of operations for the fourth quarter of 2025. The press release is furnished as Exhibit 99.1 and the earnings remarks are furnished as Exhibit 99.2 to this Form 8-K.

The information under Item 2.02 and in Exhibits 99.1 and 99.2 in this Current Report is being furnished and shall not be deemed “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information under Item 2.02 and in Exhibits 99.1 and 99.2 in this Current Report shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.

Item 9.01    Financial Statements and Exhibits.

(d)Exhibits:

See Exhibit Index. 2

EXHIBIT INDEX

Exhibit No.Description

99.1 Loews Corporation press release, issued February 9, 2026, providing information on its results of operations for the fourth quarter of 2025.

99.2 Loews Corporation earnings remarks, posted on its website February 9, 2026, providing information on its results of operations for the fourth quarter of 2025.

104Cover Page Interactive Data File (embedded within the Inline XBRL document)

3

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

LOEWS CORPORATION

(Registrant)

Dated: February 9, 2026 By:/s/ Marc A. Alpert Marc A. Alpert Senior Vice President, General Counsel and Secretary

4