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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating Activities:    
Net income $ 485 $ 404
Adjustments to reconcile net income to net cash provided by operating activities, net 175 204
Changes in operating assets and liabilities, net:    
Receivables (113) 5
Deferred acquisition costs (34) (45)
Insurance reserves 443 432
Other assets (114) (85)
Other liabilities (37) (238)
Trading securities (607) 42
Net cash flow provided by operating activities 198 719
Investing Activities:    
Purchases of fixed maturities (1,621) (2,258)
Proceeds from sales of fixed maturities 736 1,414
Proceeds from maturities of fixed maturities 507 317
Purchases of equity securities (169) (82)
Proceeds from sales of equity securities 186 62
Purchases of limited partnership investments (77) (116)
Proceeds from sales of limited partnership investments 13 75
Purchases of property, plant and equipment (159) (159)
Dispositions 23
Change in short-term investments (455) 647
Other, net (10) (34)
Net cash flow used by investing activities (1,026) (134)
Financing Activities:    
Dividends paid (14) (15)
Dividends paid to noncontrolling interests (56) (44)
Purchases of Loews Corporation treasury stock (24) (462)
Purchases of subsidiary stock from noncontrolling interests (24)
Principal payments on debt (201) (1)
Issuance of debt 1,299 37
Other, net (17) (15)
Net cash flow provided by (used by) financing activities 987 (524)
Effect of foreign exchange rate on cash (2) 1
Net change in cash 157 62
Cash, beginning of period 399 532
Cash, end of period $ 556 $ 594