Company: L
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000060086-25-000166
Chunk: 34

Company: LOEWS CORP
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 general and administrative expenses

38

Six Months Ended June 30, 2025CNA Financial Boardwalk Pipelines Loews Hotels & Co CorporateTotal (In millions)           Revenues:           Insurance premiums$5,320 $5,320 Net investment income1,266 $4 $5 $47 1,322 Investment losses(55) (55)Non-insurance warranty revenue795 795 Operating revenues and other18 1,155 494  1,667 Total7,344 1,159 499 $47 9,049  Expenses: Insurance claims and policyholders’ benefits (a)4,112 4,112 Amortization of deferred acquisition costs940 940 Non-insurance warranty expense769 769 Operating expenses and other (b)731 761 457 31 1,980 Equity method (income) loss  (35)18 (17)Interest63 79 34 36 212 Total6,615 840 456 85 7,996 Income (loss) before income tax729 319 43 (38)1,053 Income tax (expense) benefit(156)(79)(15)5 (245)Net income (loss)573 240 28 (33)808 Amounts attributable to noncontrolling interests(47)(47)Net income (loss) attributable to Loews Corporation$526 $240 $28 $(33)$761 June 30, 2025Total assets$68,891 $10,048 $2,477 $3,252 $84,668 (a)Significant segment expenses within Insurance claims and policyholders’ benefits include catastrophe losses of $159 million and unfavorable net prior year loss reserve development of $191 million. Net prior year loss reserve development does not include the effects of interest accretion and change in allowance for uncollectible reinsurance.(b)Significant segment expenses included in Operating expenses and other:

39

Six Months Ended June 30, 2025CNA FinancialBoardwalk PipelinesLoews Hotels & CoCorporateTotal      Insurance related administrative expenses$658 $658 Operating expenses$369 $300 669 Depreciation and amortization226 48 $1 275 Other (c)73 166 109 30 378