Company: L
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000060086-25-000166
Chunk: 154

Company: LOEWS CORP
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 2
Chunk 154
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lying combined ratio93.6%90.6%91.4%91.7%Underlying loss ratio60.1%62.9%58.5%61.5%Rate3%5%(4)%3%Renewal premium change46(1)5Retention86 81 86 83 New business$122 $420 $103 $645 

Three Months Ended June 30, 2024Gross written premiums$1,728 $1,927 $417 $4,072 Gross written premiums excluding third-party captives984 1,802 417 3,203 Net written premiums857 1,458 359 2,674 Net earned premiums831 1,247 311 2,389 Underwriting gain60 39 25 124 Net investment income154 175 32 361 Core income169 167 44 380 Other performance metrics:Loss ratio59.2%68.0%59.1%63.8%Expense ratio33.228.532.830.7Dividend ratio0.30.50.3Combined ratio92.7%97.0%91.9%94.8%Less: Effect of catastrophe impacts6.1 2.0 3.5 Less: Effect of favorable development-related items(0.4)(0.1)(1.0)(0.3)Underlying combined ratio93.1%91.0%90.9%91.6%Underlying loss ratio59.6%62.0%58.1%60.6%Rate7%4%Renewal premium change1%72%5Retention90848085New business$118 $405 $72 $595 

49

Six Months Ended June 30, 2025Specialty Commercial International Total (In millions, except %)         Gross written premiums$3,364 $3,918 $810 $8,092 Gross written premiums excluding third-party captives1,943 3,742 810 6,495 Net written premiums1,734 3,061 657 5,452 Net earned premiums1,692 2,782 634 5,108 Underwriting gain95 57 38 190 Net investment income321 383 72 776 Core income327 342 90 759