LOEWS CORP
For the period ended Sep 30, 2025. Filed Nov 3, 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.
Sep 30, 2025 · Filed Nov 3, 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 nine months ended September 30, 2025 and 2024 as presented in Note 12 of the Notes to Consolidated Condensed Financial Statements included under Item 1 of this Report:
| Three Months Ended · Nine Months Ended | ||||
|---|---|---|---|---|
| September 30, | September 30, | |||
| 2025 | 2024 | 2025 | 2024 | |
| (In millions) | ||||
| Revenues: | ||||
| Net investment income | $97 | $139 | $144 | $202 |
| Expenses: | ||||
| Operating and other | 21 | 18 | 52 | 58 |
| Equity method loss | 3 | 9 | 21 | 15 |
| Interest | 18 | 18 | 54 | 56 |
| Total | 42 | 45 | 127 | 129 |
| Income before income tax | 55 | 94 | 17 | 73 |
| Income tax expense | (13) | (21) | (8) | (17) |
| Net income attributable to Loews Corporation | $42 | $73 | $9 | $56 |
Net income attributable to Loews Corporation decreased $31 million and $47 million forthe three and nine months ended September 30, 2025 as compared with the comparable 2024 periods. The change in netincome for the three andnine month periods is primarily due to the reason discussed below.
Net investment income for the Parent Company decreased$42 million and $58 million for the three and nine months ended September 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.