Business Context and Reporting Period
This filing is a Form 13F-HR Combination Report submitted by Loews Corp for the quarter ended March 31, 2026. Loews Corp, located in New York, NY, reports investment holdings with a total value of approximately $11.89 billion. The report notes that Loews owns approximately 92% of the voting securities of CNA Financial Corporation. Consequently, CNA Financial Corporation is reporting on behalf of Loews regarding specific securities (CNA Securities) where investment discretion is deemed to be exercised by CNA.
Key Financial Metrics
As a Form 13F filing, this document discloses equity holdings rather than operating financial results. The following metrics are derived from the holdings data:
- Total Value of Reported Holdings: $11,892,378,611
- Number of Holdings Entries: 26
- Ownership Structure: Loews Corp holds ~92% of CNA Financial Corporation voting securities.
Note: This filing does not contain revenue, profit, cash flow, margins, debt, or liquidity metrics for Loews Corp or CNA Financial Corporation.
Material Changes
The filing text provided does not contain comparative data from the prior period (December 31, 2025) or a breakdown of purchases and sales. Therefore, material changes in holdings versus the prior comparable period cannot be determined from this summary.
Guidance, Outlook, and Risks
This filing is a regulatory disclosure of equity positions and does not include management commentary, forward-looking guidance, risk factors, or contingencies. The document includes a standard SEC disclaimer stating that the Commission has not reviewed the information for accuracy or completeness.
Investor Verification Checklist
- Verify the specific composition of the 26 reported holdings to understand the portfolio concentration.
- Confirm the extent of investment discretion Loews Corp retains versus that exercised by CNA Financial Corporation for the reported securities.
- Review the separate 13F filing by CNA Financial Corporation (File No. 028-00346) for details on the CNA Securities reported on Loews' behalf.
- Consult Loews Corp's 10-Q or 10-K filings for actual financial performance metrics (revenue, earnings, cash flow) as this 13F does not provide them.