LOEWS CORP
For the period ended Dec 31, 2023. Filed Feb 6, 2024.
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FY2023 · Filed Feb 6, 2024
L$109.94+0.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| Assets: | ||
|---|---|---|
| December 31 | 2023 | 2022 |
| (Dollar amounts in millions, except per share data) | ||
| Investments: | ||
| Fixed maturities, amortized cost of $42,615 and $41,102, less allowance for credit loss of $16 and $1 | $40,626 | $37,697 |
| Equity securities, cost of $1,015 and $1,161 | 1,050 | 1,139 |
| Limited partnership investments | 2,174 | 1,954 |
| Other invested assets, primarily mortgage loans, less allowance for credit loss of $35 and $24 | 1,123 | 1,124 |
| Short-term investments | 4,396 | 4,854 |
| Total investments | 49,369 | 46,768 |
| Cash | 399 | 532 |
| Receivables | 9,660 | 9,403 |
| Property, plant and equipment | 10,718 | 10,027 |
| Goodwill | 347 | 346 |
| Deferred non-insurance warranty acquisition expenses | 3,661 | 3,671 |
| Deferred acquisition costs of insurance subsidiaries | 896 | 806 |
| Other assets | 4,147 | 4,014 |
| Total assets | $79,197 | $75,567 |
| Liabilities and Equity: | ||
|---|---|---|
| December 31 | 2023 | 2022 |
| (Dollar amounts in millions, except per share data) | ||
| Insurance reserves: | ||
| Claim and claim adjustment expense | $23,304 | $22,120 |
| Future policy benefits | 13,959 | 13,480 |
| Unearned premiums | 6,933 | 6,374 |
| Total insurance reserves | 44,196 | 41,974 |
| Payable to brokers | 79 | 133 |
| Short-term debt | 1,084 | 854 |
| Long-term debt | 7,919 | 8,165 |
| Deferred income taxes | 398 | 243 |
| Deferred non-insurance warranty revenue | 4,694 | 4,714 |
| Other liabilities | 4,302 | 4,283 |
| Total liabilities | 62,672 | 60,366 |
| Commitments and contingent liabilities | ||
| Shareholders’ equity: | ||
| Preferred stock, $0.10 par value: | ||
| Authorized – 100,000,000 shares | ||
| Common stock, $0.01 par value: | ||
| Authorized – 1,800,000,000 shares | ||
| Issued – 222,268,150 and 236,159,866 shares | 2 | 2 |
| Additional paid-in capital | 2,589 | 2,748 |
| Retained earnings | 15,617 | 14,931 |
| Accumulated other comprehensive loss | (2,497) | (3,320) |
| 15,711 | 14,361 | |
| Less treasury stock, at cost (100,000 and 198,875 shares) | (7) | (12) |
| Total shareholders’ equity | 15,704 | 14,349 |
| Noncontrolling interests | 821 | 852 |
| Total equity | 16,525 | 15,201 |
| Total liabilities and equity | $79,197 | $75,567 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.