Company: L
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000060086-25-000181
Chunk: 113

Company: LOEWS CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 113
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CorporateTotal      Insurance related administrative expenses$982 $982 Operating expenses$559 $444 1,003 Depreciation and amortization333 75 $2 410 Other (c)125 251 159 50 585 Operating expenses and other$1,107 $1,143 $678 $52 $2,980 (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

40

Nine Months Ended September 30, 2024CNA FinancialBoardwalk Pipelines Loews Hotels & Co CorporateTotal(In millions)Revenues:Insurance premiums$7,532 $7,532 Net investment income1,853 $22 $7 $202 2,084 Investment losses(42) (42)Non-insurance warranty revenue1,212 1,212 Operating revenues and other26 1,466 686  2,178 Total10,581 1,488 693 202 12,964 Expenses:Insurance claims and policyholders’ benefits (a)5,708 5,708 Amortization of deferred acquisition costs1,336 1,336 Non-insurance warranty expense1,169 1,169 Operating expenses and other (b)1,077 991 652 58 2,778 Equity method (income) loss  (59)15 (44)Interest101 137 37 56 331 Total9,391 1,128 630 129 11,278 Income before income tax1,190 360 63 73 1,686 Income tax expense(252)(92)(20)(17)(381)Net income938 268 43 56 1,305 Amounts attributable to noncontrolling interests(78)(78)Net income attributable to Loews Corporation$860 $268 $43 $56 $1,227 September 30, 2024Total assets$67,305 $10,535 $2,497 $3,280 $83,