Loews Corporation

Financials

Multi-line Insurance

New York City, New York

Balance Sheet 34 Accounts • 5 Years

Account	2024	2023	2022	2021	2020
end	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Assets - CashAndCashEquivalents	$541.0M	$399.0M	$532.0M	$621.0M	$478.0M
Assets - FixedMaturitySecurities	$3.8B	$4.0B	$4.7B	$44.4B	$44.6B
Assets - EquitySecurities	$1.1B	$1.1B	$1.1B	$1.7B	$1.6B
Assets - OtherInvestments	$1.1B	$1.1B	$1.1B	$1.1B	$1.2B
Assets - TotalInvestments	$51.1B	$49.4B	$46.8B	$53.9B	$53.8B
Assets - DeferredPolicyAcquisitionCosts	$959.0M	$896.0M	$806.0M	$737.0M	$708.0M
Assets - PremiumsReceivable	$3.7B	$3.5B	$3.2B	$3.0B	$2.6B
Assets - PremiumsAndOtherReceivables	$284.0M	$277.0M	$248.0M	$200.0M	$290.0M
Assets - ReinsuranceRecoverables	$6.1B	$5.4B	$5.4B	$5.5B	$4.5B
Assets - AccruedInvestmentIncome	$458.0M	$446.0M	$403.0M	$377.0M	$381.0M
Assets - Goodwill	$347.0M	$347.0M	$346.0M	$349.0M	$785.0M
Assets - IntangibleAssets	$179.0M	$181.0M	$144.0M	$141.0M	$782.0M
Assets - Property,PlantAndEquipment	$10.7B	$10.7B	$10.0B	$9.9B	$10.5B
Assets - OtherAssets	$4.2B	$4.1B	$4.0B	$3.3B	$3.1B
Assets - TotalAssets	$81.9B	$79.2B	$75.6B	$81.6B	$80.2B
Liabilities - LossReserves	$19.3B	$18.2B	$16.9B	$16.3B	$15.9B
Liabilities - FuturePolicyBenefits	$13.2B	$14.0B	$13.5B	$18.0B	$19.1B
Liabilities - UnearnedPremiums	$7.3B	$6.9B	$6.4B	$5.8B	$5.1B
Liabilities - LongTermDebt	$8.9B	$7.9B	$8.2B	$9.0B	$10.1B
Liabilities - DeferredIncomeTaxes	$1.9B	$1.8B	$1.6B	$1.8B	$1.9B
Liabilities - OperatingLeaseLiability	$406.0M	$384.0M	$397.0M	$363.0M	$501.0M
Liabilities - OtherLiabilities	$4.4B	$4.3B	$4.3B	$4.5B	$4.6B
Liabilities - TotalLiabilities	$64.0B	$62.7B	$60.4B	$62.5B	$61.1B
Equity - CommonStock	$2.0M	$2.0M	$2.0M	$2.0M	$3.0M
Equity - PreferredStock	$100.0M	$100.0M	$100.0M	$100.0M	$100.0M
Equity - AdditionalPaidInCapital	$2.5B	$2.6B	$2.7B	$2.9B	$3.1B
Equity - RetainedEarnings	$16.5B	$15.6B	$14.9B	$14.8B	$14.2B
Equity - AccumulatedOtherComprehensiveIncome(loss)	$-1.9B	$-2.5B	$-3.3B	$186.0M	$581.0M
Equity - NoncontrollingInterest	$871.0M	$821.0M	$852.0M	$1.3B	$1.3B
Equity - TotalStockholdersEquity	$17.1B	$15.7B	$14.3B	$17.8B	$17.9B
Equity - TotalLiabilitiesAndStockholdersEquity	$81.9B	$79.2B	$75.6B	$81.6B	$80.2B
Equity - TotalLiabilitiesandEquity	$81.1B	$78.4B	$74.7B	$80.3B	$78.9B
Validation - L+E Components Sum Difference	$0	$0	$0	$0	$0

Income Statement 25 Accounts • 5 Years

Account	2024	2023	2022	2021	2020
end	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
IncomeStatement - Revenues - TotalRevenues	$17.5B	$15.9B	$14.0B	$14.7B	$12.6B
IncomeStatement - Revenues - Premiums	$10.2B	$9.5B	$8.7B	$8.2B	$7.6B
IncomeStatement - Revenues - NetInvestmentIncome	$2.8B	$2.4B	$1.8B	$2.3B	$2.0B
IncomeStatement - Revenues - NetRealizedInvestmentGains(losses)	$-81.0M	$-53.0M	$-199.0M	$660.0M	$-1.2B
IncomeStatement - Revenues - OtherIncome	$3.0B	$2.5B	$2.2B	$2.1B	$2.9B
IncomeStatement - Expenses - TotalBenefitsAndExpenses	$15.6B	$13.9B	$12.9B	$12.5B	$14.0B
IncomeStatement - Expenses - PolicyholderBenefitsAndClaims	$7.7B	$7.1B	$6.7B	$6.4B	$6.2B
IncomeStatement - Expenses - IncurredClaimsAndLossAdjustmentExpenses	$6.4B	$5.8B	$5.2B	$5.1B	$5.9B
IncomeStatement - Expenses - CurrentYearClaimsAndLossAdjustmentExpenses	$6.3B	$5.7B	$5.2B	$5.0B	$5.8B
IncomeStatement - Expenses - PriorYearClaimsAndLossAdjustmentExpenses	$42.0M	$48.0M	$-32.0M	$15.0M	$-119.0M
IncomeStatement - Expenses - AmortizationOfDeferredPolicyAcquisitionCosts	$1.8B	$1.6B	$1.5B	$1.4B	$1.4B
IncomeStatement - Expenses - InterestExpense	$441.0M	$376.0M	$378.0M	$424.0M	$515.0M
IncomeStatement - Expenses - DepreciationAndAmortization	$583.0M	$538.0M	$509.0M	$515.0M	$734.0M
IncomeStatement - IncomeBeforeTax - IncomeBeforeIncomeTaxes	$1.9B	$2.0B	$1.1B	$2.2B	$-1.5B
IncomeStatement - IncomeTax - IncomeTaxExpense(benefit)	$380.0M	$451.0M	$223.0M	$475.0M	$-173.0M
IncomeStatement - NetIncome - NetIncome	$1.4B	$1.4B	$822.0M	$1.6B	$-931.0M
IncomeStatement - NetIncome - NetIncomeAttributableToNoncontrollingInterest	$80.0M	$111.0M	$69.0M	$123.0M	$-360.0M
IncomeStatement - EarningsPerShare - EarningsPerShare,Basic	$6	$6	$3	$6	$-3
IncomeStatement - EarningsPerShare - EarningsPerShare,Diluted	$6	$6	$3	$6	$-3
IncomeStatement - EarningsPerShare - WeightedAverageShares,Basic	$220.3M	$227.5M	$242.8M	$259.7M	$280.3M
IncomeStatement - EarningsPerShare - WeightedAverageShares,Diluted	$220.5M	$227.8M	$243.3M	$260.2M	$280.3M
IncomeStatement - ComprehensiveIncome - OtherComprehensiveIncome(loss),NetOfTax	$687.0M	$961.0M	$-2.2B	$215.0M	$727.0M
IncomeStatement - ComprehensiveIncome - ComprehensiveIncome	$2.0B	$2.3B	$-1.2B	$1.8B	$-282.0M
IncomeStatement - ComprehensiveIncome - ComprehensiveIncomeAttributableToNoncontrollingInterest	$137.0M	$188.0M	$-150.0M	$142.0M	$-282.0M

Cash Flow Statement 30 Accounts • 5 Years

Account	2024	2023	2022	2021	2020
end	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
CashFlow - OperatingActivities - NetIncome	$1.4B	$1.4B	$822.0M	$1.6B	$-931.0M
CashFlow - OperatingActivities - DepreciationAndAmortization	$583.0M	$538.0M	$509.0M	$515.0M	$734.0M
CashFlow - OperatingActivities - AmortizationOfDeferredPolicyAcquisitionCosts	$1.8B	$1.6B	$1.5B	$1.4B	$1.4B
CashFlow - OperatingActivities - RealizedInvestment(gains)Losses	$-81.0M	$-53.0M	$-199.0M	$660.0M	$-1.2B
CashFlow - OperatingActivities - DeferredIncomeTaxes	$-45.0M	$127.0M	$-50.0M	$209.0M	$-235.0M
CashFlow - OperatingActivities - ChangeInDeferredPolicyAcquisitionCosts	$69.0M	$85.0M	$79.0M	$30.0M	$43.0M
CashFlow - OperatingActivities - OtherOperatingActivities	$-417.0M	$88.0M	$391.0M	$946.0M	$513.0M
CashFlow - OperatingActivities - NetCashProvidedByOperatingActivities	$3.0B	$3.9B	$3.3B	$2.6B	$1.7B
CashFlow - InvestingActivities - PurchasesOfFixedMaturitySecurities	$6.4B	$6.6B	$9.8B	$9.3B	$10.3B
CashFlow - InvestingActivities - ProceedsFromSalesOfFixedMaturitySecurities	$2.8B	$4.0B	$5.9B	$3.8B	$5.9B
CashFlow - InvestingActivities - ProceedsFromMaturitiesOfFixedMaturitySecurities	$2.4B	$1.3B	$2.4B	$4.5B	$3.8B
CashFlow - InvestingActivities - ProceedsFromSalesOfEquitySecurities	$523.0M	$317.0M	$509.0M	$316.0M	$355.0M
CashFlow - InvestingActivities - PurchasesOfProperty,PlantAndEquipment	$632.0M	$686.0M	$660.0M	$482.0M	$710.0M
CashFlow - InvestingActivities - ProceedsFromSalesOfProperty,PlantAndEquipment	$23.0M	—	$16.0M	$80.0M	$65.0M
CashFlow - InvestingActivities - OtherInvestingActivities	$14.0M	$178.0M	$171.0M	$-87.0M	$127.0M
CashFlow - InvestingActivities - NetCashUsedInInvestingActivities	$-2.0B	$-2.7B	$-2.3B	$-1.2B	$-1.4B
CashFlow - FinancingActivities - DividendsPaid	$55.0M	$57.0M	$61.0M	$65.0M	$70.0M
CashFlow - FinancingActivities - CommonStockRepurchased	$608.0M	$849.0M	$729.0M	$1.1B	$923.0M
CashFlow - FinancingActivities - ProceedsFromIssuanceOfDebt	$1.3B	$778.0M	$573.0M	$1.2B	$2.7B
CashFlow - FinancingActivities - RepaymentsOfDebt	$1.4B	$878.0M	$640.0M	$1.2B	$1.7B
CashFlow - FinancingActivities - OtherFinancingActivities	$-58.0M	$-18.0M	$-16.0M	$-12.0M	$-2.0M
CashFlow - FinancingActivities - NetCashUsedInFinancingActivities	$-898.0M	$-1.3B	$-1.0B	$-1.3B	$-198.0M
CashFlow - ExchangeRateAndCashReconciliation - EffectOfExchangeRateChanges	$-10.0M	$5.0M	$-19.0M	$-4.0M	$9.0M
CashFlow - ExchangeRateAndCashReconciliation - NetIncrease(decrease)InCash	$142.0M	$-133.0M	$-89.0M	$143.0M	$142.0M
CashFlow - ExchangeRateAndCashReconciliation - CashAndCashEquivalentsAtBeginningOfPeriod	$541.0M	$399.0M	$532.0M	$621.0M	$478.0M
CashFlow - ExchangeRateAndCashReconciliation - CashAndCashEquivalentsAtEndOfPeriod	$541.0M	$399.0M	$532.0M	$621.0M	$478.0M
CashFlow - SupplementalDisclosures - IncomeTaxesPaid	$403.0M	$304.0M	$376.0M	$256.0M	$20.0M
CashFlow - SupplementalDisclosures - InterestPaid	$422.0M	$385.0M	$380.0M	$391.0M	$463.0M
CashFlow - SupplementalDisclosures - ClaimsAndLossesPaid	$5.2B	$4.6B	$4.3B	$3.9B	$5.2B

Loews Corporation

Balance Sheet 34 Accounts • 5 Years

Income Statement 25 Accounts • 5 Years

Cash Flow Statement 30 Accounts • 5 Years

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