Company: L
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000060086-25-000181
Chunk: 44

Company: LOEWS CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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 income162 192 42 396 Non-insurance warranty revenue16 16 Other revenue (expense), including interest expense(15)(3)1 (17)Income tax expense on core income(47)(62)(24)(133)Underwriting gain 60 106 28 194 Effect of catastrophe losses39 2 41 Underlying underwriting gain$60 $145 $30 $235 

Three Months Ended September 30, 2024Net income (loss) attributable to Loews Corporation$153 $121 $31 $305 $(46)$259 Investment (gains) losses4 7 2 13 (6)7 Pension settlement losses 3 3 Noncontrolling interests14 11 3 28 (4)24 Core income (loss)$171 $139 $36 $346 $(53)$293 Less:Net investment income157 183 32 372 Non-insurance warranty revenue14   14 Other (revenue) expense, including interest expense(12)(3)8 (7)Income tax expense on core income(47)(38)(16)(101)Underwriting gain (loss)59 (3)12 68 Effect of catastrophe losses 127 16 143 Effect of favorable development-related items  (2)(2)Underlying underwriting gain$59 $124 $26 $209 

47

Nine Months Ended September 30, 2025SpecialtyCommercialInternationalProperty & CasualtyOther Insurance OperationsTotal(In millions)Net income (loss) attributable to Loews Corporation$448 $507 $124 $1,079 $(182)$897 Investment losses16 23 2 41 8 49 Noncontrolling interests39 45 11 95 (16)79 Core income (loss)$503 $575 $137 $1,215 $(190)$1,025 Less:Net investment income483 575 114 1,172 Non-insurance warranty revenue42 42 Other revenue (expense), including interest expense(40)(10)12 (38)Income tax expense on core income(137)(153)(55)(345)Underwriting gain 155 163 66 384 Effect of catastrophe losses182 18 200 Effect of unfavorable development-related items10 54