Company: L
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0000060086-25-000036
Chunk: 308

Company: LOEWS CORP
Filing Date: 2025-02-11
Form: 10-K
Item: Item 3
Chunk 308
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,314  Investing Activities: Purchases of fixed maturities(6,353)(6,616)(9,821)Proceeds from sales of fixed maturities2,793 4,029 5,909 Proceeds from maturities of fixed maturities2,396 1,334 2,358 Purchases of equity securities(444)(293)(294)Proceeds from sales of equity securities523 317 509 Purchases of limited partnership investments(335)(402)(337)Proceeds from sales of limited partnership investments98 231 171 Purchases of property, plant and equipment(632)(686)(660)Acquisitions (401)Dispositions23 16 Change in short-term investments(30)(80)(27)Other, net(14)(178)(171)Net cash flow used by investing activities$(1,975)$(2,745)$(2,347)

94

Loews Corporation and Subsidiaries

CONSOLIDATED STATEMENTS OF CASH FLOWS

Year Ended December 31202420232022(In millions)       Financing Activities:       Dividends paid$(55)$(57)$(61)Dividends paid to noncontrolling interests(85)(74)(98)Purchases of Loews Corporation treasury stock(608)(849)(729)Purchases of subsidiary stock from noncontrolling interests(20)(202)(66)Principal payments on debt(1,366)(878)(640)Issuance of debt1,294 778 573 Other, net(58)(18)(16)Net cash flow used by financing activities(898)(1,300)(1,037) Effect of foreign exchange rate on cash(10)5 (19) Net change in cash142 (133)(89)Cash, beginning of year399 532 621 Cash, end of year$541 $399 $532 

See Notes to Consolidated Financial Statements.

95

Loews Corporation and Subsidiaries

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Note 1. Summary of Significant Accounting Policies

Basis of presentation − Loews Corporation is a holding company. Its consolidated operating subsidiaries are engaged in the following lines of business: commercial property and casualty insurance (CNA Financial Corporation (“CNA”), an approximately 92% owned subsidiary); transportation and storage of natural gas and natural gas liquids, olef