Company: L
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0000060086-25-000091
Chunk: 104

Company: LOEWS CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 8
Chunk 104
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 uncollectible reinsurance and deductible amounts.

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(b)Significant segment expenses included in Operating expenses and other:Three Months Ended March 31, 2024CNA FinancialBoardwalk PipelinesLoews Hotels & CoCorporateTotal      Insurance related administrative expenses$287 $287 Operating expenses$122 $138 260 Depreciation and amortization106 21 127 Other (c)50 84 50 $22 206 Operating expenses and other$337 $312 $209 $22 $880 (c)Other expenses for each reportable segment include:CNA Financial: reflects expenses not directly related to insurance operations, which includes certain expenses related to its non-insurance warranty business and claims services offerings, as well as foreign currency transaction gains and losses.Boardwalk Pipelines: general and administrative expensesLoews Hotels & Co: general and administrative and reimbursable expensesCorporate: general and administrative expenses

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Management’s discussion and analysis of financial condition and results of operations (“MD&A”) should be read in conjunction with our Consolidated Condensed Financial Statements included under Item 1 of this Report and the Consolidated Financial Statements, Risk Factors, and MD&A included in our Annual Report on Form 10-K for the year ended December 31, 2024. This MD&A is comprised of the following sections:

PageNo.  Overview32Results of Operations33Consolidated Financial Results33CNA Financial34Boardwalk Pipelines39Loews Hotels & Co41Corporate41Liquidity and Capital Resources42Parent Company42Subsidiaries42Investments43Critical Accounting Estimates47Accounting Standards Update47Forward-Looking Statements47

OVERVIEW

Loews Corporation is a holding company and has four reportable segments comprised of three individual consolidated operating subsidiaries, CNA Financial Corporation (“CNA”), Boardwalk Pipeline Partners, LP (“Boardwalk Pipelines”) and Loews Hotels Holding Corporation (“Loews Hotels & Co”); and the Corporate segment. The Corporate segment is primarily comprised of Loews Corporation, excluding its consolidated operating subsidiaries, and the equity method of accounting for Altium Packaging LLC (“Altium Packaging”), an unconsolidated subsidiary. 

Unless the context otherwise requires, as used herein, the term “Company” means Loews Corporation including its  subsidiaries, the terms “Parent Company,” “we,” “our,” “us” or like terms mean