Shareholders' Equity |
Shareholders’ Equity Accumulated other comprehensive income (loss)
The tables below present the changes in Accumulated other comprehensive income (loss) (“AOCI”) by component for the three and six months ended June 30, 2024 and 2025:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net Unrealized Gains (Losses) on Investments with an Allowance for Credit Losses | | Net Unrealized Gains (Losses) on Other Investments | | Cumulative impact of changes in discount rates used to measure long duration contracts | | Unrealized Gains (Losses) on Cash Flow Hedges | | Pension and Postretirement Benefits | | Foreign Currency Translation | | Total Accumulated Other Comprehensive Income (Loss) | (In millions) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance, April 1, 2024 | $ | (9) | | | $ | (1,676) | | | $ | (17) | | | $ | 10 | | | $ | (530) | | | $ | (179) | | | $ | (2,401) | | Other comprehensive income (loss) before reclassifications, after tax of $1, $67, $(72), $1, $0 and $0 | (4) | | | (250) | | | 273 | | | (1) | | | | | (10) | | | 8 | | Reclassification of losses from accumulated other comprehensive loss, after tax of $(1), $(1), $0, $0, $(1) and $0 | 4 | | | 6 | | | | | | | 6 | | | | | 16 | | Other comprehensive income (loss) | — | | | (244) | | | 273 | | | (1) | | | 6 | | | (10) | | | 24 | | Amounts attributable to noncontrolling interests | | | 19 | | | (22) | | | | | | | | | (3) | | Other | (1) | | | (2) | | | | | 1 | | | (1) | | | | | (3) | | Balance, June 30, 2024 | $ | (10) | | | $ | (1,903) | | | $ | 234 | | | $ | 10 | | | $ | (525) | | | $ | (189) | | | $ | (2,383) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance, April 1, 2025 | $ | (15) | | | $ | (1,463) | | | $ | 219 | | | $ | 6 | | | $ | (223) | | | $ | (209) | | | $ | (1,685) | | Other comprehensive income (loss) before reclassifications, after tax of $2, $(12), $0, $1, $0 and $0 | (5) | | | 44 | | | (3) | | | (3) | | | | | | 130 | | | 163 | | Reclassification of losses from accumulated other comprehensive loss, after tax of $(2), $(10), $0, $0, $(1) and $0 | 6 | | | 30 | | | | | | | | | 1 | | | | | | 37 | | Other comprehensive income (loss) | 1 | | | 74 | | | (3) | | | (3) | | | 1 | | | 130 | | | 200 | | Amounts attributable to noncontrolling interests | (1) | | | (6) | | | 1 | | | | | | | | | (11) | | | (17) | | | | | | | | | | | | | | | | Balance, June 30, 2025 | $ | (15) | | | $ | (1,395) | | | $ | 217 | | | $ | 3 | | | $ | (222) | | | $ | (90) | | | $ | (1,502) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net Unrealized Gains (Losses) on Investments with an Allowance for Credit Losses | | Net Unrealized Gains (Losses) on Other Investments | | Cumulative impact of changes in discount rates used to measure long duration contracts | | Unrealized Gains (Losses) on Cash Flow Hedges | | Pension and Postretirement Benefits | | Foreign Currency Translation | | Total Accumulated Other Comprehensive Income (Loss) | (In millions) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance, January 1, 2024 | $ | (12) | | | $ | (1,483) | | | $ | (329) | | | $ | 9 | | | $ | (533) | | | $ | (149) | | | $ | (2,497) | | Other comprehensive income (loss) before reclassifications, after tax of $1, $131, $(163), $0, $0 and $0 | (5) | | | (489) | | | 614 | | | 1 | | | | | (43) | | | 78 | | Reclassification of losses from accumulated other comprehensive loss, after tax of $(2), $(7), $0, $0, $(2) and $0 | 7 | | | 28 | | | | | | | 12 | | | | | 47 | | Other comprehensive income (loss) | 2 | | | (461) | | | 614 | | | 1 | | | 12 | | | (43) | | | 125 | | Amounts attributable to noncontrolling interests | | | 38 | | | (51) | | | | | (1) | | | 3 | | | (11) | | Other | | | 3 | | | | | | | (3) | | | | | — | | Balance, June 30, 2024 | $ | (10) | | | $ | (1,903) | | | $ | 234 | | | $ | 10 | | | $ | (525) | | | $ | (189) | | | $ | (2,383) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance, January 1, 2025 | $ | (13) | | | $ | (1,720) | | | $ | 324 | | | $ | 9 | | | $ | (224) | | | $ | (243) | | | $ | (1,867) | | Other comprehensive income (loss) before reclassifications, after tax of $3, $(85), $31, $3, $0 and $0 | (10) | | | 320 | | | (117) | | | (6) | | | (1) | | | 167 | | | 353 | | Reclassification of losses from accumulated other comprehensive loss, after tax of $(2), $(11), $0, $0, $(1) and $0 | 8 | | | 36 | | | | | | | | | 3 | | | | | | 47 | | Other comprehensive income (loss) | (2) | | | 356 | | | (117) | | | (6) | | | 2 | | | 167 | | | 400 | | Amounts attributable to noncontrolling interests | | | | (30) | | | 10 | | | | | | | | | (14) | | | (34) | | Other | | | | (1) | | | | | | | | | | | | | | | (1) | | Balance, June 30, 2025 | $ | (15) | | | $ | (1,395) | | | $ | 217 | | | $ | 3 | | | $ | (222) | | | $ | (90) | | | $ | (1,502) | |
Amounts reclassified from AOCI shown above are reported in Net income (loss) as follows:
| | | | | | Major Category of AOCI | Affected Line Item | | | Net unrealized gains (losses) on investments with an allowance for credit losses and Net unrealized gains (losses) on other investments | Investment gains (losses) | Unrealized gains (losses) on cash flow hedges | Operating revenues and other, Interest expense and Operating expenses and other | Pension and postretirement benefits | Operating expenses and other |
Stock Purchases
Loews Corporation repurchased 7.4 million and 2.6 million shares of its common stock at aggregate costs of $633 million and $199 million during the six months ended June 30, 2025 and 2024.
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