Company: L
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000060086-25-000181
Chunk: 0

Company: LOEWS CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Table of contents

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements.

Loews Corporation and Subsidiaries

CONSOLIDATED CONDENSED BALANCE SHEETS

(Unaudited)

September 30,December 31, 20252024(Dollar amounts in millions, except per share data)Assets:Investments:Fixed maturities, amortized cost of $45,338 and $44,196, less allowance for credit loss of $61 and $45$44,116 $41,827 Equity securities, cost of $1,183 and $9691,295 1,064 Limited partnership investments2,801 2,520 Other invested assets, primarily mortgage loans, less allowance for credit loss of $40 and $351,163 1,113 Short-term investments5,383 4,606 Total investments54,758 51,130 Cash567 541 Receivables10,936 10,522 Property, plant and equipment10,668 10,738 Goodwill349 347 Deferred non-insurance warranty acquisition expenses3,340 3,525 Deferred acquisition costs of insurance subsidiaries985 959 Other assets4,338 4,181 Total assets$85,941 $81,943  Liabilities and Equity: Insurance reserves:Claim and claim adjustment expense$26,525 $24,976 Future policy benefits13,546 13,158 Unearned premiums7,578 7,346 Total insurance reserves47,649 45,480 Payable to brokers133 110 Short-term debt1,005 5 Long-term debt8,438 8,939 Deferred income taxes836 550 Deferred non-insurance warranty revenue4,294 4,530 Other liabilities4,363 4,392 Total liabilities66,718 64,006  Commitments and contingent liabilities Preferred stock, $0.10 par value:Authorized – 100,000,000 sharesCommon stock, $0.01 par value:Authorized – 1,800,000,000 sharesIssued – 215,115,219 and 214,912,595 shares2 2 Additional paid-in capital2,469 2,490 Retained earnings17,690 16,459 Accumulated other comprehensive loss(1,161)(1,867) 19,000