Company: L
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000060086-25-000166
Chunk: 116

Company: LOEWS CORP
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 8
Chunk 116
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 and 2024:

Three Months Ended June 30, 2025SpecialtyCommercialInternationalProperty & CasualtyOther Insurance OperationsTotal(In millions)Net income (loss) attributable to Loews Corporation$151 $182 $49 $382 $(108)$274 Investment losses12 19 31 5 36 Noncontrolling interests14 17 4 35 (10)25 Core income (loss)$177 $218 $53 $448 $(113)$335 Less:Net investment income170 206 38 414 Non-insurance warranty revenue14 14 Other revenue (expense), including interest expense(11)(5)10 (6)Income tax expense on core income(49)(57)(18)(124)Underwriting gain 53 74 23 150 Effect of catastrophe losses57 5 62 Effect of unfavorable development-related items1 1 Underlying underwriting gain$53 $132 $28 $213 

Three Months Ended June 30, 2024Net income (loss) attributable to Loews Corporation$151 $147 $41 $339 $(48)$291 Investment (gains) losses5 7 (1)11 (2)9 Noncontrolling interests13 13 4 30 (4)26 Core income (loss)$169 $167 $44 $380 $(54)$326 Less:Net investment income154 175 32 361 Non-insurance warranty revenue16 16 Other expense, including interest expense(14)(3)(1)(18)Income tax expense on core income(47)(44)(12)(103)Underwriting gain60 39 25 124 Effect of catastrophe losses 76 6 82 Effect of favorable development-related items(3) (3)(6)Underlying underwriting gain$57 $115 $28 $200 

47

Six Months Ended June 30, 2025SpecialtyCommercialInternationalProperty & CasualtyOther Insurance OperationsTotal(In millions)Net income (loss) attributable to Loews Corporation$288 $297 $84 $669 $(143)$526 Investment (gains) losses13 19 (1)31 12 43 Noncontrolling interests26 26 7 59 (12)47 Core income (loss)$