Loews Corporation Adds Jennifer VanBelle to Board of Directors, Enhancing Financial Oversight Capabilities

Loews Corporation has elected Jennifer VanBelle to its Board of Directors and Audit Committee, bringing over 25 years of financial expertise from her tenure at General Electric. Her appointment aims to strengthen Loews' financial oversight capabilities, aligning with the company's strategic priorities.

Loews Corporation (NYSE: L) has announced the election of Jennifer VanBelle to its board of directors and appointed her as a member of its Audit Committee. The appointment aims to strengthen the company's financial oversight capabilities, aligning with its strategic priorities.

Ms. VanBelle brings over 25 years of financial expertise, having held multiple senior roles at General Electric Company. She served as Senior Vice President, Treasurer; Chief Executive Officer, GE Capital; and Senior Vice President, GE Separation Leader. Prior to her tenure at GE, she worked for several international investment banks in New York and London.

Loews Corporation is a diversified company with businesses in the insurance, energy, hospitality, and packaging industries. The appointment of Ms. VanBelle is expected to enhance the company's financial oversight and strategic decision-making capabilities.

In addition to this appointment, Loews Corporation recently released its financial results for the second quarter of 2025. The company reported a net income of $391 million, or $1.87 per share, marking an increase from the $369 million, or $1.67 per share, reported in the same quarter of 2024. The book value per share increased to $84.42 as of June 30, 2025, from $79.49 as of December 31, 2024.

Loews Corporation's subsidiaries also reported varying performance. CNA Financial Corporation saw a decrease in net income attributable to Loews due to unfavorable net prior year loss reserve development and higher investment losses, partially offset by higher net investment income and improved Property and Casualty underwriting results. Boardwalk Pipelines reported improved net income year-over-year due to higher re-contracting rates and recently completed growth projects. Loews Hotels' net income decreased primarily due to lower equity income from joint ventures and higher interest expenses related to three new hotels at the Universal Orlando Resort. The corporate segment saw improved year-over-year results due to higher investment income from the parent company trading portfolio.

Loews Corporation has been active in share repurchases, buying back 2.9 million shares for $251 million during the second quarter of 2025, and an additional 0.1 million shares for $9 million between July 1, 2025, and August 1, 2025.

Management highlighted the positive operating results and strategic initiatives contributing to the company's financial performance. The increase in book value per share and the successful share repurchase program were noted as significant achievements for the quarter.

Loews Corporation remains focused on enhancing shareholder value through strategic investments and operational improvements across its subsidiaries. The company continues to monitor market conditions and adjust its strategies accordingly.

References:
[1] https://www.marketscreener.com/news/loews-corporation-elects-jennifer-vanbelle-to-its-board-of-directors-ce7c5ed8df8bf325
[2] https://www.tradingview.com/news/tradingview:cc63bd2450f7b:0-loews-corporation-q2-2025-financial-results/