Company: L
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000060086-25-000181
Chunk: 158

Company: LOEWS CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 2
Chunk 158
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 underlying underwriting gain for the three and nine months ended September 30, 2025 and 2024:

Three Months Ended September 30, 2025SpecialtyCommercialInternationalProperty & CasualtyOther Insurance OperationsTotal(In millions)Net income (loss) attributable to Loews Corporation$159 $211 $41 $411 $(40)$371 Investment (gains) losses3 4 3 10 (4)6 Noncontrolling interests14 18 3 35 (3)32 Core income (loss)$176 $233 $47 $456 $(47)$409 Less:Net investment income162 192 42 396 Non-insurance warranty revenue16 16 Other revenue (expense), including interest expense(15)(3)1 (17)Income tax expense on core income(47)(62)(24)(133)Underwriting gain 60 106 28 194 Effect of catastrophe losses39 2 41 Underlying underwriting gain$60 $145 $30 $235 

Three Months Ended September 30, 2024Net income (loss) attributable to Loews Corporation$153 $121 $31 $305 $(46)$259 Investment (gains) losses4 7 2 13 (6)7 Pension settlement losses 3 3 Noncontrolling interests14 11 3 28 (4)24 Core income (loss)$171 $139 $36 $346 $(53)$293 Less:Net investment income157 183 32 372 Non-insurance warranty revenue14   14 Other (revenue) expense, including interest expense(12)(3)8 (7)Income tax expense on core income(47)(38)(16)(101)Underwriting gain (loss)59 (3)12 68 Effect of catastrophe losses 127 16 143 Effect of favorable development-related items  (2)(2)Underlying underwriting gain$59 $124 $26 $209 

47

Nine Months Ended September 30, 2025SpecialtyCommercialInternationalProperty & CasualtyOther Insurance OperationsTotal(In millions)Net income (loss) attributable to Loews Corporation$448 $507 $124 $1,079 $(182)$897 Investment losses16 23 2