洛斯保险美股招股说明书(2026-02-11版)

Loews Corporation 4.940% Senior Notes due 2036 The notes will bear interest at the rate of 4.940% per year. Interest on the notes is payable on April1 and October1 of eachyear, beginning on October1, 2026. The notes will mature on April1, 2036. Interest on the notes will accrue from February18,2026. The notes will be our unsecured, unsubordinated obligations and will rank equally in right of payment with all of our other We may redeem some or all of the notes at any time prior to January1, 2036 (three months prior to the scheduled maturitydate) at the “make-whole” redemption price described under “Description of Notes-Optional Redemption” plus accrued interest tothe date of redemption. We may redeem some or all of the notes at any time on or after January1, 2036 at a price equal to 100% of Investing in the notes involves risks. See “Risk Factors” on page S-6of this prospectus supplement and “Risk Factors”included in our Annual Report on Form10-K for the year ended December31, 2025. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved ofthese securities or determined if this prospectus supplement or the related prospectus is truthful or complete. Anyrepresentation to the contrary is a criminal offense. The notes will not be listed on any securities exchange. Currently there is no public market for the notes. The notes will be ready for delivery in book-entry form only through The Depository Trust Company, Clearstream Banking,société anonyme, and Euroclear Bank, S.A./N.V., as operator of the Euroclear System, against payment in New York, New York onor about February18, 2026. TABLE OF CONTENTS ABOUT THIS PROSPECTUS SUPPLEMENT This document is in two parts. The first part is this prospectus supplement, which describes the specific termsof the notes we are currently offering and certain other matters relating to us and our financial condition. The secondpart, the prospectus, gives more general information about securities we may offer from time to time, some of whichdoes not apply to the notes we are currently offering. Generally, when we refer to the prospectus, we are referring to We and the underwriters have not authorized anyone to provide you with information that is different than theinformation contained or incorporated by reference in this prospectus. We are not making an offer of these securitiesin any state where the offer is not permitted. The information which appears in this prospectus supplement, the TABLE OF CONTENTS WHERE YOU CAN FIND MORE INFORMATION We file annual, quarterly and current reports, proxy statements and other information with the Securities andExchange Commission, or SEC. Our SEC filings are available to the public from commercial document retrievalservices, at our website (www.loews.com) and at the SEC’s website (www.sec.gov). Information on our website is The SEC allows us to “incorporate by reference” the information that we file with them into this prospectussupplement. This means that we can disclose important information to you by referring you to other documents filedseparately with the SEC, including our annual, quarterly and current reports. The information incorporated byreference is considered to be a part of this prospectus supplement, except for any information that is modified orsuperseded by information contained in this prospectus supplement or any other subsequently filed document. Theinformation incorporated by reference is an important part of this prospectus supplement and the accompanyingprospectus. All documents filed (but not those that are furnished) by us with the SEC pursuant to Section13(a), The following documents have been filed by us with the SEC (File No. 001-06541) and are incorporated byreference into this prospectus supplement: 1.Annual Report on Form10-K for the year endedDecember31, 2025; and 2.Those portions of our definitive proxy statement filed onApril2, 2025incorporated by reference into ourAnnual Report on Form10-K for the year endedDecember31, 2024. We will provide without charge to each person, including any beneficial owner, to whom this prospectussupplement is delivered, upon written or oral request, a copy of any or all of the foregoing documents incorporatedherein by reference (other than exhibits unless such exhibits are specifically incorporated by reference in suchdocument). Requests for such documents should be directed to Loews Corporation, 9 West 57thStreet, New York, TABLE OF CONTENTS PROSPECTUS SUPPLEMENT SUMMARY This summary highlights selected information about our company and this offering and may not contain all ofthe information that is important to you. You should read this entire document carefully, as well as those additional Loews Corporation We are a holding company. Our subsidiaries are engaged in the following lines of business: •commercial property and casualty insurance (CNA Financial Corporation, an approximately 92% ownedsubsidia