Company: L
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000060086-25-000166
Chunk: 45

Company: LOEWS CORP
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 45
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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  Other performance metrics:Loss ratio60.7%70.0%61.0%65.8%Expense ratio33.327.433.030.1Dividend ratio0.30.50.4Combined ratio94.3%97.9%94.0%96.3%Less: Effect of catastrophe impacts 5.2 2.5 3.1 Less: Effect of unfavorable development-related items0.6 1.91.2 Underlying combined ratio93.7%90.8%91.5%92.0%Underlying loss ratio60.1%62.9%58.5%61.5%Rate3%6%(3)%4%Renewal premium change475Retention88 83 85 84 New business$234 $790 $186 $1,210 

Six Months Ended June 30, 2024    Gross written premiums$3,410 $3,613 $791 $7,814 Gross written premiums excluding third-party captives1,864 3,484 791 6,139 Net written premiums1,649 2,796 619 5,064 Net earned premiums1,645 2,449 626 4,720 Underwriting gain136 68 46 250 Net investment income304 351 63 718 Core income346 325 81 752  Other performance metrics:Loss ratio58.9%68.4%59.6%63.9%Expense ratio32.528