Segments (Tables)

3 Months Ended

Mar. 31, 2024

Statements of Operations by segment are presented in the following tables.


Three Months Ended March 31, 2024	CNA Financial		Boardwalk Pipelines		Loews Hotels & Co		Corporate		Total
(In millions)

Revenues:

Insurance premiums	$	2,441							$	2,441
Net investment income	609		$	4	$	2	$	54	669
Investment losses	(22)								(22)
Non-insurance warranty revenue	407								407
Operating revenues and other	9		513		214				736
Total	3,444		517		216		54		4,231

Expenses:

Insurance claims and policyholders’ benefits	1,807								1,807
Amortization of deferred acquisition costs	444								444
Non-insurance warranty expense	394								394
Operating expenses and other	337		312		209		22		880
Equity method (income) loss					(27)		1		(26)
Interest	35		43		6		19		103
Total	3,017		355		188		42		3,602
Income before income tax	427		162		28		12		629
Income tax expense	(89)		(41)		(12)		(2)		(144)
Net income	338		121		16		10		485
Amounts attributable to noncontrolling interests	(28)								(28)
Net income attributable to Loews Corporation	$	310	$	121	$	16	$	10	$	457


Three Months Ended March 31, 2023	CNA Financial		Boardwalk Pipelines		Loews Hotels & Co		Corporate		Total
(In millions)

Revenues:

Insurance premiums	$	2,248							$	2,248
Net investment income	525		$	1	$	1	$	42	569
Investment losses	(35)								(35)
Non-insurance warranty revenue	407								407
Operating revenues and other	7		396		191				594
Total	3,152		397		192		42		3,783

Expenses:

Insurance claims and policyholders’ benefits	1,653								1,653
Amortization of deferred acquisition costs	379								379
Non-insurance warranty expense	384								384
Operating expenses and other	337		242		183		19		781
Equity method (income) loss					(31)		3		(28)
Interest	28		39		6		22		95
Total	2,781		281		158		44		3,264
Income (loss) before income tax	371		116		34		(2)		519
Income tax expense	(74)		(30)		(10)		(1)		(115)
Net income (loss)	297		86		24		(3)		404
Amounts attributable to noncontrolling interests	(29)								(29)
Net income (loss) attributable to Loews Corporation	$	268	$	86	$	24	$	(3)	$	375