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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Insurance premiums $ 2,441 $ 2,248
Net investment income 669 569
Investment losses (22) (35)
Non-insurance warranty revenue 407 407
Operating revenues and other 736 594
Total 4,231 3,783
Expenses:    
Insurance claims and policyholders’ benefits (re-measurement gain (loss) of $(15) and $1) 1,807 1,653
Amortization of deferred acquisition costs 444 379
Non-insurance warranty expense 394 384
Operating expenses and other 880 781
Equity method income (26) (28)
Interest 103 95
Total 3,602 3,264
Income before income tax 629 519
Income tax expense (144) (115)
Net income 485 404
Amounts attributable to noncontrolling interests (28) (29)
Net income attributable to Loews Corporation $ 457 $ 375
Basic net income per share (in dollars per share) $ 2.05 $ 1.61
Diluted net income per share (in dollars per share) $ 2.05 $ 1.61
Weighted average shares outstanding:    
Shares of common stock (in shares) 222,470 233,300
Dilutive potential shares of common stock (in shares) 310 320
Total weighted average shares outstanding assuming dilution (in shares) 222,780 233,620