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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Insurance premiums $ 10,211 $ 9,480 $ 8,667
Net investment income 2,780 2,395 1,802
Investment losses (81) (53) (199)
Non-insurance warranty revenue 1,609 1,624 1,574
Operating revenues and other 2,991 2,455 2,200
Total 17,510 15,901 14,044
Expenses:      
Insurance claims and policyholders’ benefits (re-measurement loss of $(125), $(88), and $(214)) 7,738 7,068 6,653
Amortization of deferred acquisition costs 1,798 1,644 1,490
Non-insurance warranty expense 1,547 1,544 1,471
Operating expenses and other 4,170 3,393 3,077
Equity method income (58) (120) (139)
Interest 441 376 378
Total 15,636 13,905 12,930
Income (loss) before income tax 1,874 1,996 1,114
Income tax expense (380) (451) (223)
Net income (loss) 1,494 1,545 891
Amounts attributable to noncontrolling interests (80) (111) (69)
Net income (loss) attributable to Loews Corporation $ 1,414 $ 1,434 $ 822
Basic net income per share (in dollars per share) $ 6.42 $ 6.30 $ 3.39
Diluted net income per share (in dollars per share) $ 6.41 $ 6.29 $ 3.38
Basic weighted average number of shares outstanding (in shares) 220,260 227,480 242,830
Diluted weighted average number of shares outstanding (in shares) 220,530 227,810 243,280