L · 10-Q · 2026Q3 · Full report

Parent Company Liquidity

LOEWS CORP · 2026-11-02 · Importance 41 · Surprise 22 · From source text

Parent Company cash and investments, net of receivables and payables, totaled $4.4 billion at September 30, 2026, up from $3.9 billion at December 31, 2025. During the first nine months of 2026, the Parent Company received $1.1 billion in subsidiary dividends and distributions, including $855 million from CNA and $225 million from Boardwalk Pipelines. CNA’s $855 million included a $497 million special cash dividend. The Parent Company paid $334 million to fund treasury stock purchases and $39 million in shareholder cash dividends during the nine-month period.

Key facts

• Parent Company cash and investments, net of receivables and payables, totaled $4.4 billion at September 30, 2026, compared with $3.9 billion at December 31, 2025. source
• During the nine months ended September 30, 2026, Loews received $1.1 billion in cash dividends and distributions from subsidiaries: $855 million from CNA, including a $497 million special cash dividend, and $225 million from Boardwalk Pipelines. source
• Loews Hotels & Co believed as of September 30, 2026 that existing capital resources, including cash and cash equivalents and operating cash flows, would be adequate to fund anticipated obligations over the next twelve months. source
• During the nine months ended September 30, 2026, Loews paid $334 million to fund treasury stock purchases and $39 million in cash dividends to shareholders. source
• Boardwalk Pipelines paid $225 million in distributions to Loews during the nine months ended September 30, 2026. source
• Loews Corporation relies on invested cash balances and subsidiary distributions to meet obligations and declare and pay shareholder dividends. source
• Subsidiary dividend payments are subject to sufficient earnings and funds, applicable state laws, insurance-dividend regulations for CNA subsidiaries, and loan-agreement covenants. source

Impact estimates