---
title: "Loews Corporation: Business Model"
description: "Loews Corporation revenue by business segment from its fiscal 2025 Form 10-K, with each part's share, growth and profitability explained."
canonical: https://www.getswoopr.com/stocks/companies/loews-corporation/business-model/
source: "Swoopr Investment: https://www.getswoopr.com"
---

# Loews Corporation: Business Model & Revenue Engine

## Direct Answer

Loews Corporation reports revenue across 4 business segments in its fiscal 2025 Form 10-K. Cna Financial Corporation is the largest, with $15.0 billion of revenue (81% of the total), followed by Boardwalk Pipeline Partners Lp at $2.3 billion (13%).

## How Does Loews Corporation Make Money?

Cna Financial Corporation supplies 81% of revenue, so Loews Corporation's results move mostly with that one business; the others matter more for diversification than for the headline number. Between fiscal 2024 and 2025, Boardwalk Pipeline Partners Lp grew fastest (+12.5%) and Corporate and Other slowest (-19.0%), so the revenue mix tilts toward Boardwalk Pipeline Partners Lp while that gap lasts.

| Segment | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
| --- | --- | --- | --- | --- |
| Cna Financial Corporation | $15.0 billion | $14.3 billion | 81.2% | 5.0% |
| Boardwalk Pipeline Partners Lp | $2.3 billion | $2.1 billion | 12.6% | 12.5% |
| Loews Hotels Holding Corporation | $945 million | $933 million | 5.1% | 1.3% |
| Corporate and Other | $196 million | $242 million | 1.1% | -19.0% |

![Bar chart of Loews Corporation revenue by segment for fiscal 2025: Cna Financial Corporation 81.2%, Boardwalk Pipeline Partners Lp 12.6%, Loews Hotels Holding Corporation 5.1%, Corporate and Other 1.1%.](https://www.getswoopr.com/images/charts/loews-corporation-business-model-segment-mix.webp)
*Loews Corporation revenue by segment as a share of total revenue, from the table above. The largest is highlighted. Select the chart to open it full size.*

## What the Segment Figures Do Not Show

The rows above add up to 100% of Loews Corporation's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.

## Where These Numbers Come From

Every figure on this page is a value Loews Corporation reported in the segment note and revenue disclosures of its Form 10-K filed February 10, 2026 (accession 0000060086-26-000008), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.

Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.

## Frequently Asked Questions

### What are Loews Corporation's business segments?

In its fiscal 2025 Form 10-K, Loews Corporation reports revenue for Cna Financial Corporation, Boardwalk Pipeline Partners Lp, Loews Hotels Holding Corporation and Corporate and Other.

### Which part of Loews Corporation brings in the most revenue?

Cna Financial Corporation, with $15.0 billion of revenue in fiscal 2025, or 81% of the total.

### Where does Loews Corporation report its segment results?

In the segment note to the financial statements in its Form 10-K, most recently filed February 10, 2026, alongside management's discussion of each segment's results.

## References

- [SEC EDGAR: LOEWS CORP Form 10-K filed February 10, 2026](https://www.sec.gov/Archives/edgar/data/60086/000006008626000008/l-20251231.htm)
- [SEC EDGAR: LOEWS CORP annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=60086&type=10-K)
- [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces)
- [SEC: Financial Statement Data Sets](https://www.sec.gov/data-research/sec-markets-data/financial-statement-data-sets)

## Related Pages

- [Loews Corporation company dossier](https://www.getswoopr.com/stocks/companies/loews-corporation/)
- [Loews Corporation financial metrics](https://www.getswoopr.com/stocks/companies/loews-corporation/metrics/)
- [Loews Corporation financial risk indicators](https://www.getswoopr.com/stocks/companies/loews-corporation/risks/)
- [Loews Corporation peer comparison](https://www.getswoopr.com/stocks/companies/loews-corporation/competitors/)
- [Loews Corporation business model and revenue mix](https://www.getswoopr.com/stocks/companies/loews-corporation/business-model/)
- [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/)

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Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. We do not provide personalized financial advice. See our [editorial policy](https://www.getswoopr.com/legal/editorial-policy/) and [corrections policy](https://www.getswoopr.com/legal/corrections-policy/).