Company: L
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0000060086-25-000091
Chunk: 0

Company: LOEWS CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Table of contents

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements.

Loews Corporation and Subsidiaries

CONSOLIDATED CONDENSED BALANCE SHEETS

(Unaudited)

March 31,December 31, 20252024(Dollar amounts in millions, except per share data)Assets:Investments:Fixed maturities, amortized cost of $44,741 and $44,196, less allowance for credit loss of $47 and $45$42,723 $41,827 Equity securities, cost of $1,150 and $9691,189 1,064 Limited partnership investments2,572 2,520 Other invested assets, primarily mortgage loans, less allowance for credit loss of $35 and $351,155 1,113 Short-term investments4,354 4,606 Total investments51,993 51,130 Cash560 541 Receivables10,790 10,522 Property, plant and equipment10,674 10,738 Goodwill347 347 Deferred non-insurance warranty acquisition expenses3,493 3,525 Deferred acquisition costs of insurance subsidiaries999 959 Other assets4,286 4,181 Total assets$83,142 $81,943  Liabilities and Equity: Insurance reserves:Claim and claim adjustment expense$25,581 $24,976 Future policy benefits13,304 13,158 Unearned premiums7,504 7,346 Total insurance reserves46,389 45,480 Payable to brokers206 110 Short-term debt505 5 Long-term debt8,441 8,939 Deferred income taxes613 550 Deferred non-insurance warranty revenue4,488 4,530 Other liabilities4,466 4,392 Total liabilities65,108 64,006  Commitments and contingent liabilities Preferred stock, $0.10 par value:Authorized – 100,000,000 sharesCommon stock, $0.01 par value:Authorized – 1,800,000,000 sharesIssued – 215,027,306 and 214,912,595 shares2 2 Additional paid-in capital2,451 2,490 Retained earnings16,821 16,459 Accumulated other comprehensive loss(1,685)(1,867) 17,589 17,