LOEWS CORP
For the period ended Jun 30, 2025. Filed Aug 4, 2025.
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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, 2025 · Filed Aug 4, 2025
L$110.93+0.9%Stored close · as of Nov 10, 2026
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Consolidated Condensed Statements of Operations
| Three Months Ended · Six Months Ended | ||||
|---|---|---|---|---|
| June 30, | June 30, | |||
| 2025 | 2024 | 2025 | 2024 | |
| (In millions, except per share data) | ||||
| Revenues: | ||||
| Insurance premiums | $2,694 | $2,498 | $5,320 | $4,939 |
| Net investment income | 714 | 639 | 1,322 | 1,308 |
| Investment losses | (46) | (10) | (55) | (32) |
| Non-insurance warranty revenue | 398 | 404 | 795 | 811 |
| Operating revenues and other | 795 | 736 | 1,667 | 1,472 |
| Total | 4,555 | 4,267 | 9,049 | 8,498 |
| Expenses: | ||||
| Insurance claims and policyholders’ benefits (re-measurement loss of $15, $25, $23 and $40) | 2,085 | 1,882 | 4,112 | 3,689 |
| Amortization of deferred acquisition costs | 469 | 435 | 940 | 879 |
| Non-insurance warranty expense | 384 | 388 | 769 | 782 |
| Operating expenses and other | 989 | 968 | 1,980 | 1,848 |
| Equity method income | (18) | (27) | (17) | (53) |
| Interest | 107 | 114 | 212 | 217 |
| Total | 4,016 | 3,760 | 7,996 | 7,362 |
| Income before income tax | 539 | 507 | 1,053 | 1,136 |
| Income tax expense | (123) | (112) | (245) | (256) |
| Net income | 416 | 395 | 808 | 880 |
| Amounts attributable to noncontrolling interests | (25) | (26) | (47) | (54) |
| Net income attributable to Loews Corporation | $391 | $369 | $761 | $826 |
| Basic and diluted net income per share | $1.87 | $1.67 | $3.61 | $3.72 |
| Weighted average shares outstanding: | ||||
| Shares of common stock | 209.24 | 221.35 | 210.84 | 221.91 |
| Dilutive potential shares of common stock | 0.12 | 0.25 | 0.13 | 0.27 |
| Total weighted average shares outstanding assuming dilution | 209.36 | 221.60 | 210.97 | 222.18 |
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