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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Insurance premiums $ 2,783 $ 2,593 $ 8,103 $ 7,532
Net investment income 743 776 2,065 2,084
Investment losses (7) (10) (62) (42)
Non-insurance warranty revenue 393 401 1,188 1,212
Operating revenues and other 759 706 2,426 2,178
Total 4,671 4,466 13,720 12,964
Expenses:        
Insurance claims and policyholders’ benefits (re-measurement loss of $36, $48, $59 and $88) 2,032 2,019 6,144 5,708
Amortization of deferred acquisition costs 483 457 1,423 1,336
Non-insurance warranty expense 377 387 1,146 1,169
Operating expenses and other 1,000 930 2,980 2,778
Equity method (income) loss (22) 9 (39) (44)
Interest 112 114 324 331
Total 3,982 3,916 11,978 11,278
Income before income tax 689 550 1,742 1,686
Income tax expense (153) (125) (398) (381)
Net income 536 425 1,344 1,305
Amounts attributable to noncontrolling interests (32) (24) (79) (78)
Net income attributable to Loews Corporation $ 504 $ 401 $ 1,265 $ 1,227
Basic net income per share (in dollars per share) $ 2.43 $ 1.83 $ 6.03 $ 5.55
Diluted net income per share (in dollars per share) $ 2.43 $ 1.82 $ 6.03 $ 5.54
Weighted average shares outstanding:        
Shares of common stock (in shares) 207,570 219,670 209,740 221,160
Dilutive potential shares of common stock (in shares) 140 270 140 270
Total weighted average shares outstanding assuming dilution (in shares) 207,710 219,940 209,880 221,430