Company: L
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0000060086-25-000036
Chunk: 170

Company: LOEWS CORP
Filing Date: 2025-02-11
Form: 10-K
Item: Item 3
Chunk 170
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 and 12.7 million shares of its common stock at aggregate costs of $0.6 billion, $0.9 billion and $0.7 billion during the years ended December 31, 2024, 2023 and 2022. On December 31, 2024, 7.6 million shares of Loews Corporation common stock were retired. Upon retirement, treasury stock was eliminated through a reduction to common stock, APIC and retained earnings. Loews Corporation purchased 4.5 million shares of CNA’s common stock at an aggregate cost of $178 million in 2023.

Note 14. Revenue from Contracts with Customers

Disaggregation of revenues – Revenue from contracts with customers, other than insurance premiums, is reported as Non-insurance warranty revenue and within Operating revenues and other on the Consolidated Statements of Operations. The following table presents revenues from contracts with customers disaggregated by revenue type along with the reportable segment and a reconciliation to Operating revenues and other as reported in Note 20:Year Ended December 31202420232022(In millions)       Non-insurance warranty – CNA Financial$1,609 $1,624 $1,574  Transportation and storage of natural gas and NGLs and ethane supply and transportation services – Boardwalk Pipelines$1,987 $1,582 $1,398 Lodging and related services – Loews Hotels & Co906 778 689 Total revenues from contracts with customers2,893 2,360 2,087 Other revenues98 95 113 Operating revenues and other$2,991 $2,455 $2,200 Receivables from contracts with customers – As of December 31, 2024 and 2023, receivables from contracts with customers were approximately $240 million and $228 million and are included within Receivables on the Consolidated Balance Sheets.

144

Deferred revenue – As of December 31, 2024 and 2023, deferred revenue resulting from contracts with customers was approximately $4.6 billion and $4.8 billion and is reported as Deferred non-insurance warranty revenue and within Other liabilities on the Consolidated Balance Sheets. The decrease in the deferred revenue balance for the year ended December 31, 2024 was primarily driven by recognized revenue from prior periods outpacing new growth in CNA’s non-insurance warranty business. Approximately $1.5 billion and $