Company: L
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000060086-25-000181
Chunk: 4

Company: LOEWS CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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   accounting standards (Note 1)5 5 Balance, January 1, 202517,942 2 2,490 16,464 (1,867)(18)871 Net income1,344 1,265 79 Other comprehensive income771 707 64 Dividends paid ($0.1875 per share)(115)(39)(76)Purchase of subsidiary stock from noncontrolling interests(34)(3)(1)(30)Purchases of Loews Corporation treasury stock(690)(690)Stock-based compensation(3)(22)19 Other8 4   4 Balance, September 30, 2025$19,223 $2 $2,469 $17,690 $(1,161)$(708)$931 

See accompanying Notes to Consolidated Condensed Financial Statements.

7

Loews Corporation and Subsidiaries

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS

(Unaudited)

Nine Months Ended September 3020252024(In millions)Operating Activities:Net income$1,344 $1,305 Adjustments to reconcile net income to net cash provided by operating activities, net571 425 Changes in operating assets and liabilities, net:Receivables(343)(390)Deferred acquisition costs(16)(45)Insurance reserves1,522 1,559 Other assets(14)(126)Other liabilities(234)54 Trading securities(168)(698)Net cash flow provided by operating activities2,662 2,084  Investing Activities: Purchases of fixed maturities(6,052)(4,965)Proceeds from sales of fixed maturities2,432 2,335 Proceeds from maturities of fixed maturities2,567 1,755 Purchases of equity securities(429)(332)Proceeds from sales of equity securities396 388 Purchases of limited partnership investments(340)(235)Proceeds from sales of limited partnership investments89 46 Purchases of property, plant and equipment(388)(458)Dispositions1 23 Change in short-term investments(448)(583)Other, net(45)10 Net cash flow used by investing activities(2,217)(2,016) Financing Activities: Dividends paid(39)(42)Dividends paid to noncontrolling interests(76