Loews Corporation (NYSE:L) shares fell sharply on Monday after the company reported its first-quarter 2026 results, with weakness in its insurance segment weighing on performance.

Earnings Snapshot

Net income of $337 million, or $1.63 per share, compared to $370 million, or $1.74 per share, in the same period last year.

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.

Earnings Snapshot

Total revenue rose to $4.555 billion from $4.494 billion in the year-ago quarter.

As of March 31, book value per share rose to $90.90 from $90.71 at year-end. Book value excluding AOCI increased to $97.20 from $95.89 ...