v3.25.2
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Insurance premiums $ 2,694 $ 2,498 $ 5,320 $ 4,939
Net investment income 714 639 1,322 1,308
Investment losses (46) (10) (55) (32)
Non-insurance warranty revenue 398 404 795 811
Operating revenues and other 795 736 1,667 1,472
Total 4,555 4,267 9,049 8,498
Expenses:        
Insurance claims and policyholders’ benefits (re-measurement loss of $15, $25, $23 and $40) 2,085 1,882 4,112 3,689
Amortization of deferred acquisition costs 469 435 940 879
Non-insurance warranty expense 384 388 769 782
Operating expenses and other 989 968 1,980 1,848
Equity method income (18) (27) (17) (53)
Interest 107 114 212 217
Total 4,016 3,760 7,996 7,362
Income before income tax 539 507 1,053 1,136
Income tax expense (123) (112) (245) (256)
Net income 416 395 808 880
Amounts attributable to noncontrolling interests (25) (26) (47) (54)
Net income attributable to Loews Corporation $ 391 $ 369 $ 761 $ 826
Basic net income per share (in dollars per share) $ 1.87 $ 1.67 $ 3.61 $ 3.72
Diluted net income per share (in dollars per share) $ 1.87 $ 1.67 $ 3.61 $ 3.72
Weighted average shares outstanding:        
Shares of common stock (in shares) 209,240 221,350 210,840 221,910
Dilutive potential shares of common stock (in shares) 120 250 130 270
Total weighted average shares outstanding assuming dilution (in shares) 209,360 221,600 210,970 222,180