v3.26.1
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Insurance premiums $ 2,757 $ 2,694 $ 5,456 $ 5,320
Net investment income 761 714 1,374 1,322
Investment losses (5) (46) (23) (55)
Non-insurance warranty revenue 367 398 741 795
Operating revenues and other 854 795 1,741 1,667
Total 4,734 4,555 9,289 9,049
Expenses:        
Insurance claims and policyholders’ benefits (re-measurement loss of $25, $15, $44 and $23) 2,169 2,085 4,344 4,112
Amortization of deferred acquisition costs 481 469 957 940
Non-insurance warranty expense 356 384 712 769
Operating expenses and other 1,040 989 2,049 1,980
Equity method income (27) (18) (64) (17)
Interest 103 107 216 212
Total 4,122 4,016 8,214 7,996
Income before income tax 612 539 1,075 1,053
Income tax expense (141) (123) (250) (245)
Net income 471 416 825 808
Amounts attributable to noncontrolling interests (27) (25) (44) (47)
Net income attributable to Loews Corporation $ 444 $ 391 $ 781 $ 761
Basic net income per share (in dollars per share) $ 2.16 $ 1.87 $ 3.79 $ 3.61
Diluted net income per share (in dollars per share) $ 2.16 $ 1.87 $ 3.79 $ 3.61
Weighted average shares outstanding:        
Shares of common stock (in shares) 205,500 209,240 205,840 210,840
Dilutive potential shares of common stock (in shares) 70 120 80 130
Total weighted average shares outstanding assuming dilution (in shares) 205,570 209,360 205,920 210,970