LOEWS CORP
For the period ended Jun 30, 2025. Filed Aug 4, 2025.
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.
Jun 30, 2025 · Filed Aug 4, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Corporate
Corporate operations consist primarily of investment income, interest expense and administrative costs at the Parent Company. Investment income includes earnings on cash and short-term investments held at the Parent Company to meet current and future liquidity needs, as well as results of the trading portfolio held at the Parent Company. Corporate also includes the equity method of accounting for Altium Packaging.
The following table summarizes the results of operations for Corporate for the three and six months ended June 30, 2025 and 2024 as presented in Note 11 of the Notes to Consolidated Condensed Financial Statements included under Item 1 of this Report:
| Three Months Ended · Six Months Ended | ||||
|---|---|---|---|---|
| June 30, | June 30, | |||
| 2025 | 2024 | 2025 | 2024 | |
| (In millions) | ||||
| Revenues: | ||||
| Net investment income | $47 | $9 | $47 | $63 |
| Expenses: | ||||
| Operating and other | 15 | 18 | 31 | 40 |
| Equity method loss | 11 | 5 | 18 | 6 |
| Interest | 18 | 19 | 36 | 38 |
| Total | 44 | 42 | 85 | 84 |
| Income (loss) before income tax | 3 | (33) | (38) | (21) |
| Income tax (expense) benefit | (2) | 6 | 5 | 4 |
| Net income (loss) attributable to Loews Corporation | $1 | $(27) | $(33) | $(17) |
Net income attributable to Loews Corporation of$1 million was recorded forthe three months ended June 30, 2025 as compared with net loss of $27 million for the comparable 2024 period. Net loss attributable to Loews Corporation was $33 million for the sixmonths ended June 30, 2025 as compared with net loss of $17 million forthe comparable 2024 period. The change in net loss for the three and six month periods is primarily due to the reason discussed below.
Net investment income for the Parent Company increased$38 million anddecreased$16 million for the three and sixmonths ended June 30, 2025 as compared with the comparable 2024 periods, primarily due to results from the trading portfolio.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.