Company: L
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0000060086-25-000091
Chunk: 3

Company: LOEWS CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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Balance, March 31, 2025$18,034 $2 $2,451 $16,821 $(1,685)$(398)$843 

See accompanying Notes to Consolidated Condensed Financial Statements.

6

Loews Corporation and Subsidiaries

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS

(Unaudited)

Three Months Ended March 3120252024(In millions)Operating Activities:Net income$392 $485 Adjustments to reconcile net income to net cash provided by operating activities, net180 175 Changes in operating assets and liabilities, net:Receivables(246)(113)Deferred acquisition costs(37)(34)Insurance reserves656 443 Other assets(92)(114)Other liabilities27 (37)Trading securities(144)(607)Net cash flow provided by operating activities736 198  Investing Activities: Purchases of fixed maturities(1,775)(1,621)Proceeds from sales of fixed maturities643 736 Proceeds from maturities of fixed maturities814 507 Purchases of equity securities(124)(169)Proceeds from sales of equity securities104 186 Purchases of limited partnership investments(78)(77)Proceeds from sales of limited partnership investments25 13 Purchases of property, plant and equipment(98)(159)Dispositions 23 Change in short-term investments330 (455)Other, net(45)(10)Net cash flow used by investing activities(204)(1,026) Financing Activities: Dividends paid(13)(14)Dividends paid to noncontrolling interests(55)(56)Purchases of Loews Corporation treasury stock(394)(24)Purchases of subsidiary stock from noncontrolling interests(34) Principal payments on debt(1)(201)Issuance of debt 1,299 Other, net(23)(17)Net cash flow provided by (used by) financing activities(520)987  Effect of foreign exchange rate on cash7 (2) Net change in cash19 157 Cash, beginning of period541 399 Cash, end of period$560 $556 

See accompanying Notes to Consolidated Condensed Financial Statements.

7

Loews Corporation and Subsidiaries

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

(Unaud