Company: L
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000060086-25-000181
Chunk: 35

Company: LOEWS CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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 30, 2024CNA FinancialBoardwalk PipelinesLoews Hotels & CoCorporateTotal      Insurance related administrative expenses$321 $321 Operating expenses$147 $145 292 Depreciation and amortization107 24 $1 132 Other (c)41 78 49 17 185 Operating expenses and other$362 $332 $218 $18 $930 (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

38

Nine Months Ended September 30, 2025CNA Financial Boardwalk Pipelines Loews Hotels & Co CorporateTotal (In millions)           Revenues:           Insurance premiums$8,103 $8,103 Net investment income1,904 $8 $9 $144 2,065 Investment losses(62) (62)Non-insurance warranty revenue1,188 1,188 Operating revenues and other28 1,697 701  2,426 Total11,161 1,705 710 $144 13,720  Expenses: Insurance claims and policyholders’ benefits (a)6,144 6,144 Amortization of deferred acquisition costs1,423 1,423 Non-insurance warranty expense1,146 1,146 Operating expenses and other (b)1,107 1,143 678 52 2,980 Equity method (income) loss  (60)21 (39)Interest99 119 52 54 324 Total9,919 1,262 670 127 11,978 Income before income tax1,242 443 40 17 1,742 Income tax expense(266)(109)(15)(8)(398)Net income976 334 25 9 1,344 Amounts attributable to noncontrolling interests(79)(79)Net income attributable to Loews Corporation$897 $334 $25 $9 $1,265 September 30, 2025Total assets$