Company: L
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000060086-25-000181
Chunk: 34

Company: LOEWS CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 expenses$190 $144 334 Depreciation and amortization107 27 $1 135 Other (c)52 85 50 20 207 Operating expenses and other$376 $382 $221 $21 $1,000 (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

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Three Months Ended September 30, 2024CNA FinancialBoardwalk PipelinesLoews Hotels & CoCorporateTotal(In millions)Revenues:Insurance premiums$2,593 $2,593 Net investment income626 $9 $2 $139 776 Investment losses(10) (10)Non-insurance warranty revenue401 401 Operating revenues and other8 474 224  706 Total3,618 483 226 139 4,466 Expenses:Insurance claims and policyholders’ benefits (a)2,019 2,019 Amortization of deferred acquisition costs457 457 Non-insurance warranty expense387 387 Operating expenses and other (b)362 332 218 18 930 Equity method loss   9 9 Interest32 47 17 18 114 Total3,257 379 235 45 3,916 Income (loss) before income tax361 104 (9)94 550 Income tax (expense) benefit(78)(27)1 (21)(125)Net income (loss)283 77 (8)73 425 Amounts attributable to noncontrolling interests(24)(24)Net income (loss) attributable to Loews Corporation$259 $77 $(8)$73 $401 (a)Significant segment expenses within Insurance claims and policyholders’ benefits include catastrophe losses of $143 million and unfavorable net prior year loss reserve development of $17 million. Net prior year loss reserve development does not include the effects of interest accretion and change in allowance for uncollectible reinsurance and deductible amounts.

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(b)Significant segment expenses included in Operating expenses and other:Three Months Ended September