LOEWS CORP
For the period ended Mar 31, 2024. Filed May 6, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 6, 2024
L$109.71-1.3%Stored close · as of Nov 6, 2026
Contents
Consolidated Condensed Balance Sheets
| March 31, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| (Dollar amounts in millions, except per share data) | ||
| Assets: | ||
| Investments: | ||
| Fixed maturities, amortized cost of $43,113 and $42,615, less allowance for credit loss of $20 and $16 | $40,840 | $40,626 |
| Equity securities, cost of $1,027 and $1,015 | 1,104 | 1,050 |
| Limited partnership investments | 2,274 | 2,174 |
| Other invested assets, primarily mortgage loans, less allowance for credit loss of $35 and $35 | 1,117 | 1,123 |
| Short-term investments | 5,388 | 4,396 |
| Total investments | 50,723 | 49,369 |
| Cash | 556 | 399 |
| Receivables | 9,754 | 9,660 |
| Property, plant and equipment | 10,723 | 10,718 |
| Goodwill | 347 | 347 |
| Deferred non-insurance warranty acquisition expenses | 3,621 | 3,661 |
| Deferred acquisition costs of insurance subsidiaries | 927 | 896 |
| Other assets | 4,255 | 4,147 |
| Total assets | $80,906 | $79,197 |
| Liabilities and Equity: | ||
| Insurance reserves: | ||
| Claim and claim adjustment expense | $23,588 | $23,304 |
| Future policy benefits | 13,513 | 13,959 |
| Unearned premiums | 7,046 | 6,933 |
| Total insurance reserves | 44,147 | 44,196 |
| Payable to brokers | 202 | 79 |
| Short-term debt | 1,678 | 1,084 |
| Long-term debt | 8,425 | 7,919 |
| Deferred income taxes | 500 | 398 |
| Deferred non-insurance warranty revenue | 4,645 | 4,694 |
| Other liabilities | 4,311 | 4,302 |
| Total liabilities | 63,908 | 62,672 |
| Commitments and contingent liabilities | ||
| Preferred stock, $0.10 par value: | ||
| Authorized – 100,000,000 shares | ||
| Common stock, $0.01 par value: | ||
| Authorized – 1,800,000,000 shares | ||
| Issued – 222,421,077 and 222,268,150 shares | 2 | 2 |
| Additional paid-in capital | 2,547 | 2,589 |
| Retained earnings | 16,060 | 15,617 |
| Accumulated other comprehensive loss | (2,401) | (2,497) |
| 16,208 | 15,711 | |
| Less treasury stock, at cost (335,123 and 100,000 shares) | (24) | (7) |
| Total shareholders’ equity | 16,184 | 15,704 |
| Noncontrolling interests | 814 | 821 |
| Total equity | 16,998 | 16,525 |
| Total liabilities and equity | $80,906 | $79,197 |
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