Company: L
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0000060086-25-000091
Chunk: 56

Company: LOEWS CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 2
Chunk 56
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 performance metrics:Loss ratio61.4 %73.0 %62.1 %67.8 %Expense ratio33.4 27.6 33.3 30.2 Dividend ratio0.3 0.5 0.4 Combined ratio95.1 %101.1 %95.4 %98.4 %Less: Effect of catastrophe impacts6.3 3.6 3.8 Less: Effect of unfavorable development-related items1.3 3.8 2.5 Underlying combined ratio93.8 %91.0 %91.8 %92.1 %Underlying loss ratio60.1 %62.9 %58.5 %61.5 %Rate3 %6 %(2)%4 %Renewal premium change4 7 1 6 Retention89 84 85 86 New business$112 $370 $83 $565 

Three Months Ended March 31, 2024    Gross written premiums$1,682 $1,686 $374 $3,742 Gross written premiums excluding third-party captives880 1,682 374 2,936 Net written premiums792 1,338 260 2,390 Net earned premiums814 1,202 315 2,331 Underwriting gain76 29 21 126 Net investment income150 176 31 357 Core income177 158 37 372  Other performance metrics:Loss ratio58.6 %68.8 %60.1 %64.1 %Expense ratio31.8 28.2 33.2 30.1 Dividend ratio0.3 0.6 0.4 Combined ratio90.7 %97.6 %93.3 %94.6 %Less: Effect of catastrophe impacts6.8 2.0 3.8 Less: Effect of favorable development-related items(0.6)(0.2)Underlying combined ratio91.3 %90.8 %91.3 %91.0 %Underlying loss ratio59.2 %62.0 %58.1 %60.5 % Rate2 %6 %1 %4 %Ren