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Consolidated Condensed Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Insurance premiums $ 1,815 $ 1,734 $ 3,600 $ 3,379
Net investment income 551 478 1,057 1,082
Investment gains (losses):        
Other-than-temporary impairment losses   (2) (6) (4)
Other net investment gains (losses) (3) 45 12 81
Total investment gains (losses) (3) 43 6 77
Operating revenues and other 1,227 1,104 2,508 2,121
Total 3,590 3,359 7,171 6,659
Expenses:        
Insurance claims and policyholders' benefits 1,327 1,280 2,666 2,573
Amortization of deferred acquisition costs 359 312 655 617
Operating expenses and other 1,454 1,281 2,854 2,331
Interest 143 139 284 281
Total 3,283 3,012 6,459 5,802
Income before income tax 307 347 712 857
Income tax expense (59) (69) (84) (188)
Net income 248 278 628 669
Amounts attributable to noncontrolling interests (18) (47) (105) (143)
Net income attributable to Loews Corporation $ 230 $ 231 $ 523 $ 526
Basic net income per share $ 0.72 $ 0.69 $ 1.62 $ 1.56
Diluted net income per share 0.72 0.69 1.61 1.56
Dividends per share $ 0.0625 $ 0.0625 $ 0.1250 $ 0.1250
Weighted average shares outstanding:        
Shares of common stock 318,870 336,910 323,300 336,900
Dilutive potential shares of common stock 910 810 930 800
Total weighted average shares outstanding assuming dilution 319,780 337,720 324,230 337,700