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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues:      
Insurance premiums $ 6,924 $ 6,921 $ 7,212
Net investment income 2,135 1,866 2,163
Investment gains (losses):      
Other-than-temporary impairment losses (81) (156) (77)
Other net investment gains 131 85 131
Total investment gains (losses) 50 (71) 54
Contract drilling revenues 1,525 2,360 2,737
Other revenues 2,471 2,339 2,159
Total 13,105 13,415 14,325
Expenses:      
Insurance claims and policyholders' benefits 5,283 5,384 5,591
Amortization of deferred acquisition costs 1,235 1,540 1,317
Contract drilling expenses 772 1,228 1,524
Other operating expenses 4,343 4,499 3,585
Interest 536 520 498
Total 12,169 13,171 12,515
Income before income tax 936 244 1,810
Income tax (expense) benefit (220) 43 (457)
Income from continuing operations 716 287 1,353
Discontinued operations, net     (391)
Net income 716 287 962
Amounts attributable to noncontrolling interests (62) (27) (371)
Net income 654 260 591
Net income attributable to Loews Corporation:      
Income from continuing operations 654 260 962
Discontinued operations, net     (371)
Net income $ 654 $ 260 $ 591
Basic and diluted net income per common share:      
Income from continuing operations $ 1.93 $ 0.72 $ 2.52
Discontinued operations, net     (0.97)
Net income 1.93 0.72 1.55
Dividends per share $ 0.25 $ 0.25 $ 0.25
Basic weighted average number of shares outstanding 337,950 362,430 381,920
Diluted weighted average number of shares outstanding 338,310 362,690 382,550