LOEWS CORP
For the period ended Dec 31, 2023. Filed Feb 6, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
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.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Equity
| Loews Corporation Shareholders | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total · Common Stock · Additional Paid-in Capital · Retained Earnings · Accumulated Other Comprehensive Income (Loss) · Common Stock Held in Treasury · Noncontrolling Interests | ||||||||||||||
| (In millions) | ||||||||||||||
| Balance, January 1, 2021, as reported | $19,181 | $3 | $3,133 | $14,150 | $581 | $(7) | $1,321 | |||||||
| Cumulative effect adjustments from changes inaccounting standard (Note 1) | (2,346) | (5) | (2,097) | (244) | ||||||||||
| Balance, January 1, 2021, as adjusted | 16,835 | 3 | 3,133 | 14,145 | (1,516) | (7) | 1,077 | |||||||
| Net income | 1,685 | 1,562 | 123 | |||||||||||
| Other comprehensive income | 215 | 196 | 19 | |||||||||||
| Dividends paid ($0.25 per share) | (129) | (65) | (64) | |||||||||||
| Purchase of subsidiary stock from noncontrolling interests | (18) | (18) | ||||||||||||
| Purchases of Loews Corporation treasury stock | (1,132) | (1,132) | ||||||||||||
| Retirement of treasury stock | — | (1) | (246) | (889) | 1,136 | |||||||||
| Stock-based compensation | 15 | (2) | 17 | |||||||||||
| Other | — | 1 | (1) | |||||||||||
| Balance, December 31, 2021 | $17,471 | $2 | $2,885 | $14,754 | $(1,320) | $(3) | $1,153 | |||||||
| Net income | 891 | 822 | 69 | |||||||||||
| Other comprehensive loss | (2,219) | (2,000) | (219) | |||||||||||
| Dividends paid ($0.25 per share) | (159) | (61) | (98) | |||||||||||
| Purchase of subsidiary stock from noncontrolling interests | (66) | 4 | (70) | |||||||||||
| Purchases of Loews Corporation treasury stock | (738) | (738) | ||||||||||||
| Retirement of treasury stock | — | (146) | (583) | 729 | ||||||||||
| Stock-based compensation | 21 | 3 | 18 | |||||||||||
| Other | — | 2 | (1) | (1) | ||||||||||
| Balance, December 31, 2022 | $15,201 | $2 | $2,748 | $14,931 | $(3,320) | $(12) | $852 | |||||||
CONSOLIDATED STATEMENTS OF EQUITY
| Loews Corporation Shareholders | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total · Common Stock · Additional Paid-in Capital · Retained Earnings · Accumulated Other Comprehensive Income (Loss) · Common Stock Held in Treasury · Noncontrolling Interests | |||||||||||||
| (In millions) | |||||||||||||
| Balance, December 31, 2022 | $15,201 | $2 | $2,748 | $14,931 | $(3,320) | $(12) | $852 | ||||||
| Net income | 1,545 | 1,434 | 111 | ||||||||||
| Other comprehensive income | 961 | 884 | 77 | ||||||||||
| Dividends paid ($0.25 per share) | (131) | (57) | (74) | ||||||||||
| Purchase of subsidiary stock from noncontrolling interests | (202) | 27 | (61) | (168) | |||||||||
| Purchases of Loews Corporation treasury stock | (852) | (852) | |||||||||||
| Retirement of treasury stock | — | (164) | (693) | 857 | |||||||||
| Stock-based compensation | 26 | 3 | 23 | ||||||||||
| Other | (23) | (25) | 2 | ||||||||||
| Balance, December 31, 2023 | $16,525 | $2 | $2,589 | $15,617 | $(2,497) | $(7) | $821 | ||||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.