Company: L
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000060086-25-000181
Chunk: 124

Company: LOEWS CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 124
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4%91.7%Underlying loss ratio60.3%63.1%58.5%61.6%Rate3%5%(4)%3%Renewal premium change47(1)5Retention87 82 85 83 New business$365 $1,114 $280 $1,759 

Nine Months Ended September 30, 2024    Gross written premiums$5,153 $5,160 $1,096 $11,409 Gross written premiums excluding third-party captives2,846 5,022 1,096 8,964 Net written premiums2,511 4,017 896 7,424 Net earned premiums2,493 3,774 937 7,204 Underwriting gain195 65 58 318 Net investment income461 534 95 1,090 Core income517 464 117 1,098  Other performance metrics:Loss ratio59.3%69.7%60.6%64.9%Expense ratio32.528.133.130.3Dividend ratio0.30.50.4Combined ratio92.1%98.3%93.7%95.6%Less: Effect of catastrophe impacts7.5 3.0 4.3 Less: Effect of favorable development-related items(0.3)(0.5)(0.2)Underlying combined ratio92.4%90.8%91.2%91.5%Underlying loss ratio59.6%62.2%58.1%60.8% Rate1%6%4%Renewal premium change282%5Retention89848185New business$341 $1,117 $213 $1,671 

Three Months Ended September 30, 2025 Compared to the Comparable 2024 Period

Gross written premiums, excluding third-party captives, for Specialty increased $27 million for the three months ended September 30, 2025 as compared with the comparable 2024 period driven by favorable renewal premium change, inclusive of rate, partially offset by lower retention. Net written premiums for Specialty increased $5 million for the three months ended September 30, 2025 as compared with the comparable 2024 period. The increase in net earned premiums for the three months ended September 30, 2025 was consistent with the trend