Company: L
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000060086-25-000166
Chunk: 36

Company: LOEWS CORP
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 36
---
Significant segment expenses included in Operating expenses and other:Six Months Ended June 30, 2024CNA FinancialBoardwalk PipelinesLoews Hotels & CoCorporateTotal      Insurance related administrative expenses$616 $616 Operating expenses$287 $286 573 Depreciation and amortization214 45 $1 260 Other (c)99 158 103 39 399 Operating expenses and other$715 $659 $434 $40 $1,848 (c)Other expenses for each reportable segment include:CNA Financial: reflects expenses not directly related to insurance operations, which includes certain expenses related to its non-insurance warranty business and claims services offerings, as well as foreign currency transaction gains and losses.Boardwalk Pipelines: general and administrative expensesLoews Hotels & Co: general and administrative and reimbursable expensesCorporate: general and administrative expenses

42

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Management’s discussion and analysis of financial condition and results of operations (“MD&A”) should be read in conjunction with our Consolidated Condensed Financial Statements included under Item 1 of this Report and the Consolidated Financial Statements, Risk Factors, and MD&A included in our Annual Report on Form 10-K for the year ended December 31, 2024. This MD&A is comprised of the following sections:

PageNo.  Overview43Results of Operations44Consolidated Financial Results44CNA Financial45Boardwalk Pipelines53Loews Hotels & Co57Corporate58Liquidity and Capital Resources58Parent Company58Subsidiaries59Investments60Catastrophes and Related Reinsurance64Critical Accounting Estimates65Accounting Standards Update65Recent Legislation65Forward-Looking Statements65

OVERVIEW

Loews Corporation is a holding company and has four reportable segments comprised of three individual consolidated operating subsidiaries, CNA Financial Corporation (“CNA”), Boardwalk Pipeline Partners, LP (“Boardwalk Pipelines”) and Loews Hotels Holding Corporation (“Loews Hotels & Co”); and the Corporate segment. The Corporate segment is primarily comprised of Loews Corporation, excluding its consolidated operating subsidiaries, and the equity method of accounting for Altium Packaging LLC (“Altium Packaging”), an unconsolidated subsidiary. 

Unless the context otherwise requires, as used herein, the term “Company” means Loews Corporation including its  subsidiaries, the terms “Parent Company,” “we,” “our,” “us”