LOEWS CORP
For the period ended Dec 31, 2024. Filed Feb 11, 2025.
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FY2024 · Filed Feb 11, 2025
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 | 2024 | 2023 |
| (Dollar amounts in millions, except per share data) | ||
| Investments: | ||
| Fixed maturities, amortized cost of $44,196 and $42,615, less allowance for credit loss of $45 and $16 | $41,827 | $40,626 |
| Equity securities, cost of $969 and $1,015 | 1,064 | 1,050 |
| Limited partnership investments | 2,520 | 2,174 |
| Other invested assets, primarily mortgage loans, less allowance for credit loss of $35 and $35 | 1,113 | 1,123 |
| Short-term investments | 4,606 | 4,396 |
| Total investments | 51,130 | 49,369 |
| Cash | 541 | 399 |
| Receivables | 10,522 | 9,660 |
| Property, plant and equipment | 10,738 | 10,718 |
| Goodwill | 347 | 347 |
| Deferred non-insurance warranty acquisition expenses | 3,525 | 3,661 |
| Deferred acquisition costs of insurance subsidiaries | 959 | 896 |
| Other assets | 4,181 | 4,147 |
| Total assets | $81,943 | $79,197 |
| Liabilities and Equity: | ||
|---|---|---|
| December 31 | 2024 | 2023 |
| (Dollar amounts in millions, except per share data) | ||
| Insurance reserves: | ||
| Claim and claim adjustment expense | $24,976 | $23,304 |
| Future policy benefits | 13,158 | 13,959 |
| Unearned premiums | 7,346 | 6,933 |
| Total insurance reserves | 45,480 | 44,196 |
| Payable to brokers | 110 | 79 |
| Short-term debt | 5 | 1,084 |
| Long-term debt | 8,939 | 7,919 |
| Deferred income taxes | 550 | 398 |
| Deferred non-insurance warranty revenue | 4,530 | 4,694 |
| Other liabilities | 4,392 | 4,302 |
| Total liabilities | 64,006 | 62,672 |
| 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 – 214,912,595 and 222,268,150 shares | 2 | 2 |
| Additional paid-in capital | 2,490 | 2,589 |
| Retained earnings | 16,459 | 15,617 |
| Accumulated other comprehensive loss | (1,867) | (2,497) |
| 17,084 | 15,711 | |
| Less treasury stock, at cost (212,251 and 100,000 shares) | (18) | (7) |
| Total shareholders’ equity | 17,066 | 15,704 |
| Noncontrolling interests | 871 | 821 |
| Total equity | 17,937 | 16,525 |
| Total liabilities and equity | $81,943 | $79,197 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.