Company: L
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0000060086-25-000036
Chunk: 105

Company: LOEWS CORP
Filing Date: 2025-02-11
Form: 10-K
Item: Item 3
Chunk 105
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2,589 $15,617 $(2,497)$(7)$821 

See Notes to Consolidated Financial Statements.

92

Loews Corporation and Subsidiaries

CONSOLIDATED STATEMENTS OF EQUITY

 Loews Corporation Shareholders   Total Common StockAdditional Paid-in Capital Retained Earnings Accumulated Other Comprehensive Income (Loss)Common Stock Held in Treasury Noncontrolling Interests (In millions)               Balance, December 31, 2023$16,525 $2 $2,589 $15,617 $(2,497)$(7)$821 Net income1,494 1,414 80 Other comprehensive income687 630 57 Dividends paid ($0.25 per share)(140)(55)(85)Purchase of subsidiary stock from noncontrolling interests(20)  (20)Purchases of Loews Corporation treasury stock(617)(617)Retirement of treasury stock—  (89)(517)606 Stock-based compensation19 (1)20 Other(11)(9)  (2)Balance, December 31, 2024$17,937 $2 $2,490 $16,459 $(1,867)$(18)$871 

See Notes to Consolidated Financial Statements.

93

Loews Corporation and Subsidiaries

CONSOLIDATED STATEMENTS OF CASH FLOWS

Year Ended December 31202420232022(In millions)       Operating Activities:       Net income$1,494 $1,545 $891 Adjustments to reconcile net income to net cash provided byoperating activities:Investment losses81 53 199 Equity method investees(66)18 236 Amortization of investments(200)(191)(129)Depreciation and amortization583 538 509 Provision for deferred income taxes(45)127 (50)Other non-cash items98 109 90 Changes in operating assets and liabilities, net:Receivables(929)(268)(316)Deferred acquisition costs(69)(85)(79)Insurance reserves2,365 1,667 2,058 Other assets417 (88)(391)Other liabilities(9)(95)137 Trading securities(695)577 159 Net cash flow provided by operating activities3,025 3,907 3