Company: L
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000060086-25-000181
Chunk: 159

Company: LOEWS CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 2
Chunk 159
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41 8 49 Noncontrolling interests39 45 11 95 (16)79 Core income (loss)$503 $575 $137 $1,215 $(190)$1,025 Less:Net investment income483 575 114 1,172 Non-insurance warranty revenue42 42 Other revenue (expense), including interest expense(40)(10)12 (38)Income tax expense on core income(137)(153)(55)(345)Underwriting gain 155 163 66 384 Effect of catastrophe losses182 18 200 Effect of unfavorable development-related items10 54 64 Underlying underwriting gain$165 $399 $84 $648 

Nine Months Ended September 30, 2024Net income (loss) attributable to Loews Corporation$457 $400 $106 $963 $(103)$860 Investment (gains) losses19 28 1 48 (15)33 Pension settlement losses 3 3 Noncontrolling interests41 36 10 87 (9)78 Core income (loss)$517 $464 $117 $1,098 $(124)$974 Less:Net investment income461 534 95 1,090 Non-insurance warranty revenue43   43 Other (revenue) expense, including interest expense(40)(10)5 (45)Income tax expense on core income (142)(125)(41)(308)Underwriting gain195 65 58 318 Effect of catastrophe losses 285 28 313 Effect of favorable development-related items(8) (5)(13)Underlying underwriting gain$187 $350 $81 $618 

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 nine months ended September 30, 2025 and 2024.  

Three Months Ended September 30, 2025Specialty Commercial International Total (In millions, except %)Gross written premiums$1,700 $1,569 $322 $3,591 Gross written premiums excluding third-party captives1,009 1,559 322 2,890 Net written premiums