v3.25.2
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating Activities:    
Net income $ 808 $ 880
Adjustments to reconcile net income to net cash provided by operating activities, net 361 250
Changes in operating assets and liabilities, net:    
Receivables (673) (599)
Deferred acquisition costs (49) (55)
Insurance reserves 1,414 1,255
Other assets (146) (172)
Other liabilities 8 83
Trading securities 19 (492)
Net cash flow provided by operating activities 1,742 1,150
Investing Activities:    
Purchases of fixed maturities (3,756) (3,338)
Proceeds from sales of fixed maturities 1,497 1,611
Proceeds from maturities of fixed maturities 1,613 1,109
Purchases of equity securities (296) (246)
Proceeds from sales of equity securities 261 288
Purchases of limited partnership investments (280) (140)
Proceeds from sales of limited partnership investments 51 30
Purchases of property, plant and equipment (232) (318)
Dispositions 23
Change in short-term investments 163 (338)
Other, net (34) 43
Net cash flow used by investing activities (1,013) (1,276)
Financing Activities:    
Dividends paid (26) (28)
Dividends paid to noncontrolling interests (65) (65)
Purchases of Loews Corporation treasury stock (651) (203)
Purchases of subsidiary stock from noncontrolling interests (34) (20)
Principal payments on debt (3) (762)
Issuance of debt 1,323
Other, net (63) (45)
Net cash flow provided by (used by) financing activities (842) 200
Effect of foreign exchange rate on cash 19 (3)
Net change in cash (94) 71
Cash, beginning of period 541 399
Cash, end of period $ 447 $ 470