Loews Corporation reports $306 million in third-quarter net income, down 39%. November 2, 2026 Loews Corporation (NYSE: L) reported net income of $306 million, or $1.50 per share, for the third quarter of 2026, down 39% from $504 million, or $2.43 per share, a year earlier, as weaker insurance results offset improvements in its hotel business. The diversified holding company generated quarterly revenue of $4.76 billion, up approximately 2% from $4.67 billion in the third quarter of 2025. The earnings decline was primarily driven by lower contributions from CNA Financial, including a charge related to long-term care insurance reserves, weaker property and casualty underwriting results and higher catastrophe losses. CNA Financial contributed $180 million in net income attributable to Loews, compared with $371 million in the prior-year quarter. Its core income declined to $203 million from $409 million, reflecting a $125 million unfavorable impact, after taxes and noncontrolling interests, from annual updates to long-term care reserve assumptions. Loews said the reserve charge is expected to be almost entirely offset over time by higher investment yields resulting from recent changes to CNA's investment portfolio. Those benefits are expected to be recognized gradually through investment income. CNA's property and casualty combined ratio increased to 97.0% from 92.8% a year earlier, reflecting higher underlying losses and catastrophe-related claims. Its underlying combined ratio rose to 94.2% from 91.3%, while net earned premiums increased 2% and net written premiums grew 3%. Boardwalk Pipelines reported net income of $85 million, compared with $94 million in the third quarter of 2025. Earnings before interest, taxes, depreciation and amortization declined to $262 million from $267 million. The pipeline operator's results included $10 million in net unrealized losses at Continuum and a $9 million impairment charge associated with relocating its corporate office. Excluding those items, Boardwalk's net income increased by $5 million and EBITDA rose by $14 million, supported by higher natural gas transportation revenue from improved contracting rates and utilization. Loews Hotels & Co delivered stronger results, reporting net income of $16 million compared with a $3 million loss a year earlier. Adjusted EBITDA increased 25% to $86 million from $69 million. The hotel business benefited from higher average daily room rates and increased occupied room nights across much of its portfolio. Performance improved particularly at the Loews Miami Beach Hotel following completion of renovations in late 2025 and at the company's Arlington properties. Lower equity income from joint ventures, including operations at Universal Orlando Resort, partially offset those gains. The corporate segment contributed $25 million in net income, down from $42 million, primarily because of lower investment income from the parent company's trading portfolio. For the first nine months of 2026, Loews reported net income of $1.09 billion, or $5.29 per share, compared with $1.27 billion, or $6.03 per share, during the same period in 2025. Revenue increased to $14.05 billion from $13.72 billion. Over the nine-month period, Boardwalk Pipelines increased its net income contribution to $344 million from $334 million, while Loews Hotels generated $90 million compared with $25 million a year earlier. CNA's contribution declined to $668 million from $897 million. Loews continued returning capital to shareholders during the quarter, repurchasing 1.6 million common shares for $167 million. The company purchased an additional 600,000 shares for $67 million between October 1 and October 30, 2026. As of September 30, Loews had 202.9 million common shares outstanding, compared with 206 million at the end of 2025. The parent company held $4.4 billion in cash and investments against $1.8 billion in debt. Book value per share was $90.24 at quarter-end, compared with $90.71 on December 31, 2025. Excluding accumulated other comprehensive income, book value per share increased to $100.67 from $95.89. Loews Corporation operates businesses across insurance, energy, hospitality and packaging. Its principal operations include CNA Financial, Boardwalk Pipelines and Loews Hotels & Co.

Chubb announces claims leadership appointments. November 2, 2026 - WorkCompWire New York, NY - Chubb Limited (NYSE: CB) recently announced three leadership appointments within its Global Claims organization. Lisa Wilson has been named Head of North America Claims, overseeing all aspects of North America Commercial and Personal Lines claims and services, effective immediately. She will lead claim handling, technical execution and further embed digital capabilities into claims processes. Wilson will report to Kevin Rampe, Senior Vice President, Chubb Group, Global Claims Officer and Juan Luis Ortega, Executive Vice President, Chubb Group, President North America Insurance. "Lisa has been instrumental in providing a best-in-class claim experience to North America clients and partners," said Rampe. "She has a proven track record leading teams with service and technical distinction, and I am confident her leadership will help us expand upon Chubb's legacy of claims excellence." Jamie Trish has been named Global Claims Operations Officer, responsible for the Global Claims operational infrastructure. Trish will define operational priorities, service standards, and operating models, with oversight including claim centers, vendor management and customer experience around the globe. Her appointment is effective October 26, and she will also report to Rampe. "Jamie brings expertise in operations and execution to our Global Claims team," said Rampe. "She will strengthen our operational capabilities across our footprint to ensure Chubb Claims is positioned to deliver consistent, superior outcomes at scale." Norm Rafsol has been appointed Global Claims Technical Director, effective immediately. He will be responsible for working across Chubb's claims organization to strengthen its global framework for reporting and monitoring material claims, claim trends, developments, and emerging exposures. He will also provide technical oversight of Chubb's world-class standards for complex and high severity claims globally. Rafsol will report to Rampe. "Norm brings decades of experience within Chubb Claims, Underwriting and across major carriers," said Rampe. "His breadth of claims experience makes him a valuable partner as we strengthen our technical expertise and uphold Chubb's standards globally." Wilson joined Chubb in 2023, most recently serving as Chubb's Deputy Head of North America Claims. She previously was Head of Coverage and Complex Claims and Division President of Brandywine Holdings, overseeing the company's legacy and runoff claims organization. Prior to joining Chubb, Wilson led legal and claims functions at CNA. She began her career as a litigation attorney focused on insurance coverage. Wilson is a graduate of the University of California, Santa Barbara and University of San Francisco School of Law. Trish joined Chubb in 2024 as Claims Transformation Officer before becoming Chubb's Global Transformation Officer. Before joining Chubb, Trish was President of Fairmatic (now LEEO) and held several senior leadership roles at Allstate Business Insurance and Liberty Mutual. She began her career as a financial consultant at two industry-leading firms. Trish is a graduate of the University of Pennsylvania and holds a Master of Business Administration from MIT Sloan School of Management. Rafsol joined Chubb in 2007 as Senior Vice President, Professional Liability Underwriting, and most recently held the role of Head of Financial Lines, Cyber Claims and Claims Segmentation, with oversight of Canada and Bermuda Claims. During his tenure with the company, he also managed Casualty Claims and Chubb's Regional Claims Executives. Rafsol joined Chubb from American International Group (AIG) where he held a variety of claims and underwriting management positions. He began his career with Medical Liability Mutual Insurance Company. Rafsol is a graduate of the State University of New York at Oswego.

Corgi hires ex-Chubb executive to lead AI underwriting. October 19, 2026 Corgi Insurance, an AI-native insurance carrier serving high-growth businesses, has appointed former Chubb assistant vice president James Kullman as head of underwriting for North America, bringing nearly 15 years of commercial insurance experience to its AI-driven underwriting strategy. Kullman joins Corgi with experience spanning risk assessment, portfolio management, product development and underwriting strategy. His most recent role at Chubb was Pacific North region underwriting manager for its North American small and lower middle-market business. Before joining Chubb, Kullman held underwriting positions at CNA Insurance, The Hartford and Liberty Mutual, working across construction risks, middle-market clients and property and casualty insurance. At Corgi, he will oversee commercial underwriting operations across North America, with responsibility for applying AI to risk selection, underwriting guidelines, portfolio management and regulatory compliance. The company aims to combine traditional underwriting expertise with AI-supported tools and workflows to improve the speed, efficiency and accessibility of commercial insurance. Corgi is developing a full-stack insurance platform that combines proprietary underwriting technology, internally managed claims handling and its own insurance infrastructure. By bringing these capabilities together, the company aims to streamline how businesses obtain coverage while maintaining its approach to risk selection. Kullman's appointment reflects Corgi's efforts to expand its commercial insurance capabilities by combining experienced underwriting leadership with technology designed to modernise insurance processes. The company is also developing tools intended to change how carriers, brokers and policyholders interact. Corgi head of underwriting for North America James Kullman said, "Commercial insurance has relied on many of the same processes for decades. AI gives us an opportunity to rethink how underwriting works, from how we evaluate risk to how quickly we can deliver a quote." He added, "I'm excited to bring my experience in traditional underwriting to a team that is building new technology and infrastructure for the industry." Enjoying the stories? Investors. The following investor(s) were tagged in this article.