Company: L
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000060086-25-000166
Chunk: 155

Company: LOEWS CORP
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 2
Chunk 155
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 Other performance metrics:Loss ratio60.7%70.0%61.0%65.8%Expense ratio33.327.433.030.1Dividend ratio0.30.50.4Combined ratio94.3%97.9%94.0%96.3%Less: Effect of catastrophe impacts 5.2 2.5 3.1 Less: Effect of unfavorable development-related items0.6 1.91.2 Underlying combined ratio93.7%90.8%91.5%92.0%Underlying loss ratio60.1%62.9%58.5%61.5%Rate3%6%(3)%4%Renewal premium change475Retention88 83 85 84 New business$234 $790 $186 $1,210 

Six Months Ended June 30, 2024    Gross written premiums$3,410 $3,613 $791 $7,814 Gross written premiums excluding third-party captives1,864 3,484 791 6,139 Net written premiums1,649 2,796 619 5,064 Net earned premiums1,645 2,449 626 4,720 Underwriting gain136 68 46 250 Net investment income304 351 63 718 Core income346 325 81 752  Other performance metrics:Loss ratio58.9%68.4%59.6%63.9%Expense ratio32.528.433.030.4Dividend ratio0.30.50.4Combined ratio91.7%97.3%92.6%94.7%Less: Effect of catastrophe impacts6.4 2.0 3.6 Less: Effect of favorable development-related items(0.5)(0.5)(0.3)Underlying combined ratio92.2%90.9%91.1%91.4%Underlying loss ratio59.4%62.0%58.1%60.6% Rate1%7%4%Renewal premium change283%5Retention89848185New business$212 $772 $140 $1,124 

Three Months Ended June 30, 2025 Compared to the Comparable 2024 Period

Gross written premiums, excluding third-party captives, for