Segments (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Consolidating Statement of Income and Total Assets by Segment

Statements of Income and Total assets by segment are presented in the following tables.

Year Ended December 31, 2019	CNA Financial			Diamond Offshore			Boardwalk Pipelines			Loews Hotels & Co			Corporate			Total
(In millions)
Revenues:
Insurance premiums	$	7,428														$	7,428
Net investment income		2,118		$	6					$	1		$	230			2,355
Investment gains		49															49
Non-insurance warranty revenue		1,161															1,161
Operating revenues and other		32			982		$	1,300			691			933			3,938
Total		10,788			988			1,300			692			1,163			14,931
Expenses:
Insurance claims and policyholders’ benefits		5,806															5,806
Amortization of deferred acquisition costs		1,383															1,383
Non-insurance warranty expense		1,082															1,082
Operating expenses and other		1,141			1,267			840			698			1,004			4,950
Interest		152			123			179			22			115			591
Total		9,564			1,390			1,019			720			1,119			13,812
Income (loss) before income tax		1,224			(402	)		281			(28	)		44			1,119
Income tax (expense) benefit		(224	)		60			(72	)		(3	)		(9	)		(248	)
Net income (loss)		1,000			(342	)		209			(31	)		35			871
Amounts attributable to noncontrolling interests		(106	)		167												61
Net income (loss) attributable to Loews Corporation	$	894		$	(175	)	$	209		$	(31	)	$	35		$	932
December 31, 2019
Total assets	$	60,583		$	5,834		$	9,248		$	1,728		$	4,850		$	82,243

Year Ended December 31, 2018	CNA Financial			Diamond Offshore			Boardwalk Pipelines			Loews Hotels & Co			Corporate			Total
(In millions)
Revenues:
Insurance premiums	$	7,312														$	7,312
Net investment income (loss)		1,817		$	8					$	2		$	(10	)		1,817
Investment losses		(57	)														(57	)
Non-insurance warranty revenue		1,007															1,007
Operating revenues and other		55			1,085		$	1,227			753			867			3,987
Total		10,134			1,093			1,227			755			857			14,066
Expenses:
Insurance claims and policyholders’ benefits		5,572															5,572
Amortization of deferred acquisition costs		1,335															1,335
Non-insurance warranty expense		923															923
Operating expenses and other		1,203			1,196			820			653			956			4,828
Interest		138			123			176			29			108			574
Total		9,171			1,319			996			682			1,064			13,232
Income (loss) before income tax		963			(226	)		231			73			(207	)		834
Income tax (expense) benefit		(151	)		30			(28	)		(25	)		46			(128	)
Net income (loss)		812			(196	)		203			48			(161	)		706
Amounts attributable to noncontrolling interests		(86	)		84			(68	)								(70	)
Net income (loss) attributable to Loews Corporation	$	726		$	(112	)	$	135		$	48		$	(161	)	$	636
December 31, 2018
Total assets	$	57,123		$	6,036		$	9,131		$	1,812		$	4,214		$	78,316

Year Ended December 31, 2017	CNA Financial			Diamond Offshore			Boardwalk Pipelines			Loews Hotels & Co			Corporate			Total
(In millions)
Revenues:
Insurance premiums	$	6,988														$	6,988
Net investment income		2,034		$	2								$	146			2,182
Investment gains		122															122
Non-insurance warranty revenue		390															390
Operating revenues and other		49			1,498		$	1,325		$	682			499			4,053
Total		9,583			1,500			1,325			682			645			13,735
Expenses:
Insurance claims and policyholders’ benefits		5,310															5,310
Amortization of deferred acquisition costs		1,233															1,233
Non-insurance warranty expense		299															299
Operating expenses and other		1,224			1,373			861			589			618			4,665
Interest		203			149			171			28			95			646
Total		8,269			1,522			1,032			617			713			12,153
Income (loss) before income tax		1,314			(22	)		293			65			(68	)		1,582
Income tax (expense) benefit		(419	)		4			232			(1	)		14			(170	)
Net income (loss)		895			(18	)		525			64			(54	)		1,412
Amounts attributable to noncontrolling interests		(94	)		(9	)		(145	)								(248	)
Net income (loss) attributable to Loews Corporation	$	801		$	(27	)	$	380		$	64		$	(54	)	$	1,164