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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues:      
Insurance premiums $ 10,900 $ 10,211 $ 9,480
Net investment income 2,779 2,780 2,395
Investment losses (81) (81) (53)
Non-insurance warranty revenue 1,577 1,609 1,624
Operating revenues and other 3,279 2,991 2,455
Total 18,454 17,510 15,901
Expenses:      
Insurance claims and policyholders’ benefits (re-measurement loss of $104, $125, and $88) 8,294 7,738 7,068
Amortization of deferred acquisition costs 1,898 1,798 1,644
Non-insurance warranty expense 1,526 1,547 1,544
Operating expenses and other 4,090 4,170 3,393
Equity method income (74) (58) (120)
Interest 437 441 376
Total 16,171 15,636 13,905
Income before income tax 2,283 1,874 1,996
Income tax expense (511) (380) (451)
Net income 1,772 1,494 1,545
Amounts attributable to noncontrolling interests (105) (80) (111)
Net income attributable to Loews Corporation $ 1,667 $ 1,414 $ 1,434
Basic net income per share (in dollars per share) $ 7.98 $ 6.42 $ 6.30
Diluted net income per share (in dollars per share) $ 7.97 $ 6.41 $ 6.29
Basic weighted average number of shares outstanding (in shares) 208,960 220,260 227,480
Diluted weighted average number of shares outstanding (in shares) 209,100 220,530 227,810