Company: L
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000060086-25-000166
Chunk: 0

Company: LOEWS CORP
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 0
---
Table of contents

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements.

Loews Corporation and Subsidiaries

CONSOLIDATED CONDENSED BALANCE SHEETS

(Unaudited)

June 30,December 31, 20252024(Dollar amounts in millions, except per share data)Assets:Investments:Fixed maturities, amortized cost of $45,283 and $44,196, less allowance for credit loss of $51 and $45$43,357 $41,827 Equity securities, cost of $1,221 and $9691,294 1,064 Limited partnership investments2,754 2,520 Other invested assets, primarily mortgage loans, less allowance for credit loss of $40 and $351,138 1,113 Short-term investments4,452 4,606 Total investments52,995 51,130 Cash447 541 Receivables11,357 10,522 Property, plant and equipment10,666 10,738 Goodwill349 347 Deferred non-insurance warranty acquisition expenses3,441 3,525 Deferred acquisition costs of insurance subsidiaries1,021 959 Other assets4,392 4,181 Total assets$84,668 $81,943  Liabilities and Equity: Insurance reserves:Claim and claim adjustment expense$26,203 $24,976 Future policy benefits13,329 13,158 Unearned premiums7,890 7,346 Total insurance reserves47,422 45,480 Payable to brokers374 110 Short-term debt1,005 5 Long-term debt7,942 8,939 Deferred income taxes633 550 Deferred non-insurance warranty revenue4,421 4,530 Other liabilities4,482 4,392 Total liabilities66,279 64,006  Commitments and contingent liabilities Preferred stock, $0.10 par value:Authorized – 100,000,000 sharesCommon stock, $0.01 par value:Authorized – 1,800,000,000 sharesIssued – 215,049,854 and 214,912,595 shares2 2 Additional paid-in capital2,467 2,490 Retained earnings17,198 16,459 Accumulated other comprehensive loss(1,502)(1,867) 18,