v3.25.1
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues:    
Insurance premiums $ 2,626 $ 2,441
Net investment income 608 669
Investment losses (9) (22)
Non-insurance warranty revenue 397 407
Operating revenues and other 872 736
Total 4,494 4,231
Expenses:    
Insurance claims and policyholders’ benefits (re-measurement loss of $8 and $15) 2,027 1,807
Amortization of deferred acquisition costs 471 444
Non-insurance warranty expense 385 394
Operating expenses and other 991 880
Equity method (income) loss 1 (26)
Interest 105 103
Total 3,980 3,602
Income before income tax 514 629
Income tax expense (122) (144)
Net income 392 485
Amounts attributable to noncontrolling interests (22) (28)
Net income attributable to Loews Corporation $ 370 $ 457
Basic net income per share (in dollars per share) $ 1.74 $ 2.05
Diluted net income per share (in dollars per share) $ 1.74 $ 2.05
Weighted average shares outstanding:    
Shares of common stock (in shares) 212,450 222,470
Dilutive potential shares of common stock (in shares) 150 310
Total weighted average shares outstanding assuming dilution (in shares) 212,600 222,780