LOEWS CORP（L）の決算・業績分析
LOEWS CORPの2025年有価証券報告書をAI分析。売上高$3.2B(+9.7%)。Financials。
目次
LOEWS CORPの2025年度 業績サマリー
LOEWS CORP（証券コード: L）の2025年度決算・業績分析。売上高は$3.2B（前年比+9.7%）。純利益は$1.7B（前年比+17.9%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
LOEWS CORPの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Net income declined by 47.4% YoY to $822M (XBRL), despite a 4.1% YoY revenue increase to $2.1B (XBRL).
- Operating margin reached 53.4% (XBRL), but receivables days surged to 1690 days (XBRL), indicating severe liquidity challenges.
- Five-year revenue CAGR was -9.5% (XBRL), contrasting with a +17.7% CAGR in net income (XBRL).
LOEWS CORPの売上高変化の要因
- •Revenue grew 4.1% YoY to $2.1B (XBRL), but five-year CAGR remains negative at -9.5% (XBRL). CNA Financial dominates revenue (81.5% in FY2024) (10-K), while Boardwalk Pipeline, Loews Hotels, and Altium Packaging contribute smaller shares. Historical data shows a decline from $3.9B in FY2020 to $2.1B in FY2024, with net income fluctuating significantly (from -$931M in FY2022 to $822M in FY2024).
LOEWS CORPの営業利益変化の要因
- •Operating income rose to $1.1B (XBRL), with EBITDA at $1.6B (77.8% of revenue) (XBRL). Net margin was 39.4% (XBRL), but net income fell 47.4% YoY. Operating margin of 53.4% (XBRL) reflects strong cost control, though low ROE (5.2%) and ROA (1.0%) (XBRL) indicate weak capital efficiency. Five-year net income CAGR of +17.7% (XBRL) contrasts with declining revenue trends.
LOEWS CORPの事業リスクと対応
Insurance reserve insufficiency: CNA may need to increase reserves, risking earnings charges (10-K).
Emerging claims: Legal/social/geopolitical changes could raise claim frequency/severity (10-K).
Long-tail coverage uncertainties: Workers’ compensation and long-term care reserves are hard to estimate (10-K).
Regulatory risks: Tariffs or reviver statutes may extend coverage obligations (10-K).
Actuarial assumption variability: Long-term care policy assumptions may differ from actual experience (10-K).
LOEWS CORPの事業内容
Loews Corp operates through four segments: CNA Financial (commercial property/casualty insurance), Boardwalk Pipeline (natural gas transportation), Loews Hotels (hotel operations), and Altium Packaging (plastic packaging). Revenue is generated via insurance premiums, pipeline services, hotel stays, and packaging sales. CNA accounted for 81.5% of consolidated revenue in FY2024 (10-K), though no significant customer concentration is explicitly noted. Competitive risks in insurance are industry-wide, with no specific competitors named (10-K).
LOEWS CORPのAI業績分析レポート（2024年度）
Highlights
Business Overview
Loews Corp operates through four segments: CNA Financial (commercial property/casualty insurance), Boardwalk Pipeline (natural gas transportation), Loews Hotels (hotel operations), and Altium Packaging (plastic packaging). Revenue is generated via insurance premiums, pipeline services, hotel stays, and packaging sales. CNA accounted for 81.5% of consolidated revenue in FY2024 (10-K), though no significant customer concentration is explicitly noted. Competitive risks in insurance are industry-wide, with no specific competitors named (10-K).
Revenue Analysis
Revenue grew 4.1% YoY to $2.1B (XBRL), but five-year CAGR remains negative at -9.5% (XBRL). CNA Financial dominates revenue (81.5% in FY2024) (10-K), while Boardwalk Pipeline, Loews Hotels, and Altium Packaging contribute smaller shares. Historical data shows a decline from $3.9B in FY2020 to $2.1B in FY2024, with net income fluctuating significantly (from -$931M in FY2022 to $822M in FY2024).
Profitability Analysis
Operating income rose to $1.1B (XBRL), with EBITDA at $1.6B (77.8% of revenue) (XBRL). Net margin was 39.4% (XBRL), but net income fell 47.4% YoY. Operating margin of 53.4% (XBRL) reflects strong cost control, though low ROE (5.2%) and ROA (1.0%) (XBRL) indicate weak capital efficiency. Five-year net income CAGR of +17.7% (XBRL) contrasts with declining revenue trends.
Balance Sheet Analysis
Equity ratio was 19.8% (XBRL), with total equity rising to $15.7B in FY2024 (XBRL). Debt-to-equity ratio of 3.99x (XBRL) highlights high leverage. Total assets decreased from $82.2B in FY2020 to $79.2B in FY2024 (XBRL), while equity fluctuated between $14.3B and $17.1B. No detailed breakdown of cash or asset quality is available (XBRL).
Cash Flow Analysis
Operating cash flow increased to $3.3B (XBRL), with free cash flow of $2.7B (XBRL) after $660M in CapEx. Investing cash flow was -$2.3B (XBRL), likely due to capital investments. Financing cash flow was -$1.0B (XBRL), driven by $729M in share repurchases and $61M in dividends (XBRL).
Working Capital Analysis
Receivables days surged to 1690 days (XBRL), indicating severe collection inefficiencies. Asset turnover was 0.03x (XBRL), reflecting poor asset utilization. No data on inventory or payables days is available (XBRL).
Risks
Outlook
N/A. Management guidance and forward-looking trends are not explicitly detailed in the provided data (10-K).
Historical Time Series
| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | 3.9B | 3.9B | 2.8B | 2.0B | 2.1B | 2.4B |
| Operating Income | N/A | N/A | N/A | N/A | 1.1B | N/A |
| Net Income | 636M | 932M | -931M | 1.6B | 822M | 1.4B |
| Total Assets | 82.2B | 80.2B | 81.6B | 75.6B | 79.2B | 81.9B |
| Total Equity | 19.1B | 17.9B | 17.8B | 14.3B | 15.7B | 17.1B |
| Operating Cash Flow | 4.2B | 1.7B | 1.7B | 2.6B | 3.3B | 3.9B |
Financialsの企業一覧
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