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

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Contents

Consolidated Statements of Operations

Year Ended December 31	2023	2022	2021
(In millions, except per share data)
Revenues:
Insurance premiums	$9,480	$8,667	$8,175
Net investment income	2,395	1,802	2,259
Investment gains (losses) (Note 3)	(53)	(199)	660
Non-insurance warranty revenue	1,624	1,574	1,430
Operating revenues and other	2,455	2,200	2,133
Total	15,901	14,044	14,657
Expenses:
Insurance claims and policyholders’ benefits (re-measurement loss of $(88), $(214), and $(8)	7,068	6,653	6,371
Amortization of deferred acquisition costs	1,644	1,490	1,443
Non-insurance warranty expense	1,544	1,471	1,328
Operating expenses and other	3,393	3,077	2,957
Equity method income	(120)	(139)	(26)
Interest	376	378	424
Total	13,905	12,930	12,497
Income before income tax	1,996	1,114	2,160
Income tax expense	(451)	(223)	(475)
Net income	1,545	891	1,685
Amounts attributable to noncontrolling interests	(111)	(69)	(123)
Net income attributable to Loews Corporation	$1,434	$822	$1,562
Basic net income per share	$6.30	$3.39	$6.02
Diluted net income per share	$6.29	$3.38	$6.00
Basic weighted average number of shares outstanding	227.48	242.83	259.67
Diluted weighted average number of shares outstanding	227.81	243.28	260.20

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.