CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenues:
Insurance premiums		$ 1,850	$ 1,824	$ 3,719	$ 3,627
Net investment income		644	551	807	1,208
Investment gains (losses) (Note 2)	[1]	(1,142)	2	(1,358)	33
Non-insurance warranty revenue		308	285	609	566
Operating revenues and other		650	961	1,632	1,946
Total		2,310	3,623	5,409	7,380
Expenses:
Insurance claims and policyholders' benefits		1,642	1,352	3,067	2,709
Amortization of deferred acquisition costs		342	338	686	680
Non-insurance warranty expense		285	263	566	523
Operating expenses and other		992	1,231	3,018	2,380
Interest		123	164	267	305
Total		3,384	3,348	7,604	6,597
Income (loss) before income tax		(1,074)	275	(2,195)	783
Income tax (expense) benefit		228	(50)	305	(162)
Net income (loss)		(846)	225	(1,890)	621
Amounts attributable to noncontrolling interests		11	24	423	22
Net income (loss) attributable to Loews Corporation		$ (835)	$ 249	$ (1,467)	$ 643
Basic net income (loss) per share (in dollars per share)		$ (2.96)	$ 0.82	$ (5.16)	$ 2.10
Diluted net income (loss) per share (in dollars per share)		$ (2.96)	$ 0.82	$ (5.16)	$ 2.09
Weighted average shares outstanding:
Shares of common stock (in shares)		281,480	303,840	284,260	306,820
Dilutive potential shares of common stock (in shares)			700		620
Total weighted average shares outstanding assuming dilution (in shares)		281,480	304,540	284,260	307,440

[1] Gross investment gains on available-for-sale securities were $102 and $28 for the three months ended June 30, 2020 and 2019 and $131 and $64 for the six months ended June 30, 2020 and 2019. Gross investment losses on available-for-sale securities were $85 and $31 for the three months ended June 30, 2020 and 2019 and $189 and $73 for the six months ended June 30, 2020 and 2019. During the three and six months ended June 30, 2020, $63 of investment gains and $70 of investment losses were recognized due to the change in fair value of non-redeemable preferred stock still held as of June 30, 2020. During the three and six months ended June 30, 2019, $11 and $53 of investment gains were recognized due to the change in fair value of non-redeemable preferred stock still held as of June 30, 2019.