LOEWS CORP 10-K

Item 5. Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. Our common stock is listed on the New York Stock Exchange under the symbol “L”. The following graph compares annual total return of our Common Stock, the Standard & Poor’s 500 Composite Stock Index (“S&P 500 Index”) and our peer group set forth below (“Loews Peer Group”) for the five years ended December 31, 2025. The graph assumes that the value of the investment in our Common Stock, the S&P 500 Index and the Loews Peer Group was $100 on December 31, 2020 and that all dividends were reinvested. 2020 2021 2022 2023 2024 2025 Loews Common Stock 100.0 128.89 130.70 156.56 191.14 238.31 S&P 500 Index 100.0 128.71 105.40 133.10 166.40 196.16 Loews Peer Group (a) 100.0 127.73 151.23 159.59 215.85 239.26 (a) The Loews Peer Group consists of the following companies that are industry peers of our principal operating subsidiaries or our investment in Altium Packaging: Berry Global, Inc. (included through April 30, 2025 when it was acquired by Amcor plc), Chubb Limited, Diamond Rock Hospitality Company, Enbridge Inc., Energy Transfer LP, Kinder Morgan, Inc., Ryman Hospitality Properties, Inc., Silgan Holdings Inc., Sunstone Hotel Investors, Inc., The Hartford Financial Services Group, Inc., The Travelers Companies, Inc., W.R. Berkley Corporation and Xenia Hotels & Resorts, Inc. 48 Table of Contents Approximate Number of Equity Security Holders As of February 2, 2026, we had approximately 510 holders of record of our common stock. Common Stock Repurchases Our Board of Directors has authorized our management, as it deems appropriate, to purchase our outstanding common stock. Depending on market and other conditions, we may purchase shares of our common stock in the open market ( including in open market transactions that may or may not satisfy all of the conditions of the Rule 10b-18 voluntary safe harbor), in privately negotiated transactions or otherwise. During the fourth quarter of 2025 , we purchased shares of our common stock as follows: Period (a) Total number of shares purchased (b) Average price paid per share (c) Total number of shares purchased as part of publicly announced plans or programs (d) Maximum number of shares (or approximate dollar value) of shares that may yet be purchased under the plans or programs (in millions) October 1, 2025 - October 31, 2025 289,911 $ 99.26 N/A N/A November 1, 2025 - November 30, 2025 467,038 $ 104.33 N/A N/A December 1, 2025 - December 31, 2025 200,000 $ 104.53 N/A N/A Item 6. [Reserved]