LOEWS CORP

For the period ended Jun 30, 2024. Filed Jul 29, 2024.

About 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.

Jun 30, 2024 · Filed Jul 29, 2024

L$110.93+0.9%Stored close · as of Nov 10, 2026

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Contents

Consolidated Condensed Statements of Operations

Three Months Ended · Six Months Ended
	June 30,		June 30,
	2024	2023	2024	2023
(In millions, except per share data)
Revenues:
Insurance premiums	$2,498	$2,347	$4,939	$4,595
Net investment income	639	592	1,308	1,161
Investment gains (losses)	(10)	14	(32)	(21)
Non-insurance warranty revenue	404	407	811	814
Operating revenues and other	736	574	1,472	1,168
Total	4,267	3,934	8,498	7,717
Expenses:
Insurance claims and policyholders’ benefits (re-measurement gain (loss) of $(25), $(33), $(40) and $(34))	1,882	1,779	3,689	3,432
Amortization of deferred acquisition costs	435	403	879	782
Non-insurance warranty expense	388	384	782	768
Operating expenses and other	968	808	1,848	1,589
Equity method income	(27)	(39)	(53)	(67)
Interest	114	91	217	186
Total	3,760	3,426	7,362	6,690
Income before income tax	507	508	1,136	1,027
Income tax expense	(112)	(120)	(256)	(235)
Net income	395	388	880	792
Amounts attributable to noncontrolling interests	(26)	(28)	(54)	(57)
Net income attributable to Loews Corporation	$369	$360	$826	$735
Basic and diluted net income per share	$1.67	$1.58	$3.72	$3.19
Weighted average shares outstanding:
Shares of common stock	221.35	227.69	221.91	230.48
Dilutive potential shares of common stock	0.25	0.28	0.27	0.30
Total weighted average shares outstanding assuming dilution	221.60	227.97	222.18	230.78

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.