Company: L
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000060086-25-000181
Chunk: 1

Company: LOEWS CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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17,084 Less treasury stock, at cost (8,165,741 and 212,251 shares)(708)(18)Total shareholders’ equity18,292 17,066 Noncontrolling interests931 871 Total equity19,223 17,937 Total liabilities and equity$85,941 $81,943 

See accompanying Notes to Consolidated Condensed Financial Statements.

3

Table of contents

Loews Corporation and Subsidiaries

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS

(Unaudited)

Three Months EndedNine Months EndedSeptember 30,September 30,2025202420252024(In millions, except per share data)     Revenues:  Insurance premiums$2,783 $2,593 $8,103 $7,532 Net investment income743 776 2,065 2,084 Investment losses(7)(10)(62)(42)Non-insurance warranty revenue393 401 1,188 1,212 Operating revenues and other759 706 2,426 2,178 Total4,671 4,466 13,720 12,964  Expenses:Insurance claims and policyholders’ benefits (re-measurement loss of $36, $48, $59 and $88)2,032 2,019 6,144 5,708 Amortization of deferred acquisition costs483 457 1,423 1,336 Non-insurance warranty expense377 387 1,146 1,169 Operating expenses and other1,000 930 2,980 2,778 Equity method (income) loss(22)9 (39)(44)Interest112 114 324 331 Total3,982 3,916 11,978 11,278 Income before income tax689 550 1,742 1,686 Income tax expense(153)(125)(398)(381)Net income536 425 1,344 1,305 Amounts attributable to noncontrolling interests(32)(24)(79)(78)Net income attributable to Loews Corporation$504 $401 $1,265 $1,227 Basic net income per share$2.43 $1.83 $6.03 $5.55 Diluted net income per share$2.43 $1