Company: L
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000060086-25-000166
Chunk: 1

Company: LOEWS CORP
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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165 17,084 Less treasury stock, at cost (7,577,782 and 212,251 shares)(651)(18)Total shareholders’ equity17,514 17,066 Noncontrolling interests875 871 Total equity18,389 17,937 Total liabilities and equity$84,668 $81,943 

See accompanying Notes to Consolidated Condensed Financial Statements.

3

Table of contents

Loews Corporation and Subsidiaries

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS

(Unaudited)

Three Months EndedSix Months EndedJune 30,June 30,2025202420252024(In millions, except per share data)     Revenues:  Insurance premiums$2,694 $2,498 $5,320 $4,939 Net investment income714 639 1,322 1,308 Investment losses(46)(10)(55)(32)Non-insurance warranty revenue398 404 795 811 Operating revenues and other795 736 1,667 1,472 Total4,555 4,267 9,049 8,498  Expenses:Insurance claims and policyholders’ benefits (re-measurement loss of $15, $25, $23 and $40)2,085 1,882 4,112 3,689 Amortization of deferred acquisition costs469 435 940 879 Non-insurance warranty expense384 388 769 782 Operating expenses and other989 968 1,980 1,848 Equity method income(18)(27)(17)(53)Interest107 114 212 217 Total4,016 3,760 7,996 7,362 Income before income tax539 507 1,053 1,136 Income tax expense(123)(112)(245)(256)Net income416 395 808 880 Amounts attributable to noncontrolling interests(25)(26)(47)(54)Net income attributable to Loews Corporation$391 $369 $761 $826 Basic and diluted net income per share$1.87 $1.67 $3.61 $3.72 Weighted average shares outstanding:Shares of common stock209.24221.35210.84221.91Dilutive potential shares of common stock0.120.250.