v3.26.3
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues:        
Insurance premiums $ 2,829 $ 2,783 $ 8,285 $ 8,103
Net investment income 713 743 2,087 2,065
Investment losses (9) (7) (32) (62)
Non-insurance warranty revenue 357 393 1,098 1,188
Operating revenues and other 869 759 2,610 2,426
Total 4,759 4,671 14,048 13,720
Expenses:        
Insurance claims and policyholders’ benefits (re-measurement loss of $222, $36, $266 and $59) 2,347 2,032 6,691 6,144
Amortization of deferred acquisition costs 492 483 1,449 1,423
Non-insurance warranty expense 339 377 1,051 1,146
Operating expenses and other 1,090 1,000 3,139 2,980
Equity method income (16) (22) (80) (39)
Interest 101 112 317 324
Total 4,353 3,982 12,567 11,978
Income (loss) before income tax 406 689 1,481 1,742
Income tax expense (84) (153) (334) (398)
Net income (loss) 322 536 1,147 1,344
Amounts attributable to noncontrolling interests (16) (32) (60) (79)
Net income (loss) attributable to Loews Corporation $ 306 $ 504 $ 1,087 $ 1,265
Basic net income per share (in dollars per share) $ 1.50 $ 2.43 $ 5.29 $ 6.03
Diluted net income per share (in dollars per share) $ 1.50 $ 2.43 $ 5.29 $ 6.03
Weighted average shares outstanding:        
Shares of common stock (in shares) 204,480 207,570 205,380 209,740
Dilutive potential shares of common stock (in shares) 90 140 80 140
Total weighted average shares outstanding assuming dilution (in shares) 204,570 207,710 205,460 209,880