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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Insurance premiums $ 2,248 $ 2,059
Net investment income 569 432
Investment losses (35) (11)
Non-insurance warranty revenue 407 382
Operating revenues and other 594 540
Total 3,783 3,402
Expenses:    
Insurance claims and policyholders’ benefits (re-measurement gain of $1 and $5) 1,653 1,478
Amortization of deferred acquisition costs 379 344
Non-insurance warranty expense 384 354
Operating expenses and other 781 716
Equity method income (28) (25)
Interest 95 96
Total 3,264 2,963
Income before income tax 519 439
Income tax expense (115) (87)
Net income 404 352
Amounts attributable to noncontrolling interests (29) (30)
Net income attributable to Loews Corporation $ 375 $ 322
Basic net income per share (in dollars per share) $ 1.61 $ 1.30
Diluted net income per share (in dollars per share) $ 1.61 $ 1.29
Weighted average shares outstanding:    
Shares of common stock (in shares) 233,300 247,970
Dilutive potential shares of common stock (in shares) 320 510
Total weighted average shares outstanding assuming dilution (in shares) 233,620 248,480