Company: L
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000060086-25-000166
Chunk: 43

Company: LOEWS CORP
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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Six Months Ended June 30, 2025SpecialtyCommercialInternationalProperty & CasualtyOther Insurance OperationsTotal(In millions)Net income (loss) attributable to Loews Corporation$288 $297 $84 $669 $(143)$526 Investment (gains) losses13 19 (1)31 12 43 Noncontrolling interests26 26 7 59 (12)47 Core income (loss)$327 $342 $90 $759 $(143)$616 Less:Net investment income321 383 72 776 Non-insurance warranty revenue26 26 Other revenue (expense), including interest expense(25)(7)11 (21)Income tax expense on core income(90)(91)(31)(212)Underwriting gain 95 57 38 190 Effect of catastrophe losses143 16 159 Effect of unfavorable development-related items10 53 63 Underlying underwriting gain$105 $253 $54 $412 

Six Months Ended June 30, 2024Net income (loss) attributable to Loews Corporation$304 $279 $75 $658 $(57)$601 Investment (gains) losses15 21 (1)35 (9)26 Noncontrolling interests27 25 7 59 (5)54 Core income (loss)$346 $325 $81 $752 $(71)$681 Less:Net investment income304 351 63 718 Non-insurance warranty revenue29 29 Other expense, including interest expense(28)(7)(3)(38)Income tax expense on core income (95)(87)(25)(207)Underwriting gain136 68 46 250 Effect of catastrophe losses 158 12 170 Effect of favorable development-related items(8) (3)(11)Underlying underwriting gain$128 $226 $55 $409 

48

Property & Casualty Operations

The following tables summarize the results of CNA’s Property & Casualty Operations and provides the components to reconcile the combined ratio and loss ratio to the underlying combined ratio and underlying loss ratio for the three and six months ended June 30, 2025 and 2024.  

Three Months Ended June 30, 2025Specialty Commercial International Total (In millions, except %)Gross written premiums$1