LOEWS CORP

For the period ended Dec 31, 2025. Filed Feb 10, 2026.

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FY2025 · Filed Feb 10, 2026

L$109.94+0.2%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

Year Ended December 31	2025	2024	2023
(In millions, except per share data)
Revenues:
Insurance premiums	$10,900	$10,211	$9,480
Net investment income	2,779	2,780	2,395
Investment losses	(81)	(81)	(53)
Non-insurance warranty revenue	1,577	1,609	1,624
Operating revenues and other	3,279	2,991	2,455
Total	18,454	17,510	15,901
Expenses:
Insurance claims and policyholders’ benefits (re-measurement loss of $104, $125, and $88)	8,294	7,738	7,068
Amortization of deferred acquisition costs	1,898	1,798	1,644
Non-insurance warranty expense	1,526	1,547	1,544
Operating expenses and other	4,090	4,170	3,393
Equity method income	(74)	(58)	(120)
Interest	437	441	376
Total	16,171	15,636	13,905
Income before income tax	2,283	1,874	1,996
Income tax expense	(511)	(380)	(451)
Net income	1,772	1,494	1,545
Amounts attributable to noncontrolling interests	(105)	(80)	(111)
Net income attributable to Loews Corporation	$1,667	$1,414	$1,434
Basic net income per share	$7.98	$6.42	$6.30
Diluted net income per share	$7.97	$6.41	$6.29
Basic weighted average number of shares outstanding	208.96	220.26	227.48
Diluted weighted average number of shares outstanding	209.10	220.53	227.81

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.