v3.26.3
Shareholders' Equity
 9 Months Ended
Sep. 30, 2026
Equity [Abstract]  
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 nine months ended September 30, 2025 and 2026:

Net Unrealized Gains (Losses) on Investments with an Allowance for Credit LossesNet Unrealized Gains (Losses) on Other InvestmentsCumulative
impact of
changes in
discount
rates used to
measure long
duration
contracts		Unrealized Gains (Losses) on Cash Flow HedgesPension and Postretirement BenefitsForeign Currency TranslationTotal Accumulated Other Comprehensive Income (Loss)
(In millions)
Balance, July 1, 2025
$(15)$(1,395)$217 $3 $(222)$(90)$(1,502)
Other comprehensive income (loss) before reclassifications, after tax of $1, $(148), $40, $2, $0 and $0
(1)552 (150)(1)(39)361 
Reclassification of losses from accumulated other comprehensive loss, after tax of $(2), $0, $0, $0, $0 and $0
4 4 2 10 
Other comprehensive income (loss)3 556 (150)— 1 (39)371 
Amounts attributable to noncontrolling interests(45)12 3 (30)
Balance, September 30, 2025
$(12)$(884)$79 $3 $(221)$(126)$(1,161)
Balance, July 1, 2026
$(23)$(1,123)$341 $5 $(212)$(163)$(1,175)
Other comprehensive income (loss) before reclassifications, after tax of $0, $492, $(217), $(1), $0 and $0
(3)(1,836)818 3 1 (7)(1,024)
Reclassification of (income) losses from accumulated other comprehensive loss, after tax of $0, $2, $0, $0, $0 and $0
3 (6)    (3)
Other comprehensive income (loss)— (1,842)818 3 1 (7)(1,027)
Amounts attributable to noncontrolling interests1 151 (67)   85 
Balance, September 30, 2026
$(22)$(2,814)$1,092 $8 $(211)$(170)$(2,117)
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, 2025
$(13)$(1,720)$324 $9 $(224)$(243)$(1,867)
Other comprehensive income (loss) before reclassifications, after tax of $4, $(233), $71, $5, $0 and $0
(11)872 (267)(6)(2)128 714 
Reclassification of losses from accumulated other comprehensive loss, after tax of $(4), $(11), $0, $0, $(1) and $0
12 40 5 57 
Other comprehensive income (loss)1 912 (267)(6)3 128 771 
Amounts attributable to noncontrolling interests(75)22 (11)(64)
Other(1)(1)
Balance, September 30, 2025
$(12)$(884)$79 $3 $(221)$(126)$(1,161)
Balance, January 1, 2026
$(15)$(907)$176 $2 $(212)$(111)$(1,067)
Other comprehensive income (loss) before reclassifications, after tax of $4, $559, $(265), $(3), $1 and $0
(18)(2,081)998 6 (2)(64)(1,161)
Reclassification of losses from accumulated other comprehensive loss, after tax of $(2), $(1), $0, $0, $(1) and $0
10 4   3  17 
Other comprehensive income (loss)(8)(2,077)998 6 1 (64)(1,144)
Amounts attributable to noncontrolling interests1 170 (82)  5 94 
Balance, September 30, 2026
$(22)$(2,814)$1,092 $8 $(211)$(170)$(2,117)

Amounts reclassified from AOCI shown above are reported in Net income (loss) as follows:

Major Category of AOCIAffected Line Item
Net unrealized gains (losses) on investments with an allowance for credit losses and Net unrealized gains (losses) on other investmentsInvestment gains (losses)
Unrealized gains (losses) on cash flow hedgesOperating revenues and other, Interest expense and Operating expenses and other
Pension and postretirement benefitsOperating expenses and other
Stock Purchases

Loews Corporation purchased 1.6 million and 0.6 million shares of its common stock at aggregate costs of $169 million and $57 million during the three months ended September 30, 2026 and 2025 and purchased 3.2 million and 8.0 million shares of its common stock at aggregate costs of $348 million and $690 million during the nine months ended September 30, 2026 and 2025.

Stock Issuances

Loews Corporation issued 0.1 million shares of its common stock to settle stock-based compensation awards during the three months ended September 30, 2025 and issued 0.1 million and 0.2 million shares of its common stock to settle stock-based compensation awards during the nine months ended September 30, 2026 and 2025.