← LOEWS CORP

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $13.1b $13.7b $3.9b $3.9b $2.8b $2.0b $2.1b $2.4b $2.9b $3.2b
Revenues:
Cost of Revenue $3.4b $3.6b $923.0m $1.1b $729.1m $1.9b $2.0b $610.2m $748.0m $820.6m
Gross Profit (Calculated) $9.7b $10.2b $3.0b $2.8b $2.1b $128.0m $113.0m $1.7b $2.1b $2.4b
Operating expenses and other $4.8b $4.7b $4.8b $5.0b $4.8b $2.9b $3.1b $3.4b $4.2b $4.1b
Additional Financial Items
Amortization of Intangible Assets — $20.0m $32.0m $45.0m $61.0m $3.0m $3.0m $3.0m $4.0m —
Amounts attributable to noncontrolling interests ($62.0m) ($248.0m) ($70.0m) $61.0m $360.0m ($125.0m) ($91.0m) ($111.0m) ($80.0m) ($105.0m)
Debt Securities Available For Sale Excluding Accrued Interest Allowance For Credit Loss Not Previously Recorded — — — — — — — — $27.0m $6.0m
Depreciation, Depletion and Amortization, Nonproduction — $874.0m $912.0m $943.0m $734.0m $515.0m $509.0m $538.0m $583.0m $610.0m
Equity method income — — — — $73.0m ($26.0m) ($139.0m) ($120.0m) ($58.0m) ($74.0m)
Foreign Currency Transaction Gain (Loss), Realized ($21.0m) $26.0m $0 ($3.0m) $12.0m ($1.0m) ($20.0m) $8.0m ($7.0m) $10.0m
Income (Loss) from Continuing Operations before Income Taxes, Domestic $1.2b $1.3b $775.0m $1.1b ($768.0m) $2.1b $1.2b $1.8b $1.7b $2.0b
Income (Loss) from Equity Method Investments $41.0m $81.0m $73.0m $69.0m $73.0m ($26.0m) $139.0m $120.0m $58.0m $74.0m
Insurance claims and policyholders’ benefits (re-measurement loss of $104, $125, and $88) $5.3b $5.3b $5.6b $5.8b $6.2b $6.3b $6.4b $7.1b $7.7b $8.3b
Insurance premiums $6.9b $7.0b $7.3b $7.4b $7.6b $8.2b $8.7b $9.5b $10.2b $10.9b
Interest $536.0m $646.0m $574.0m $591.0m $515.0m $424.0m $378.0m $376.0m $441.0m $437.0m
Investment losses $50.0m $122.0m ($57.0m) $49.0m ($1.2b) $660.0m ($199.0m) ($53.0m) ($81.0m) ($81.0m)
Non-insurance warranty revenue $361.0m $390.0m $1.0b $1.2b $1.3b $1.4b $1.6b $1.6b $1.6b $1.6b
Other Income $2.5b $3.0b $4.0b $3.9b $2.9b $2.1b $2.2b $2.5b $3.0b $3.3b
Other Operating Income — — $101.0m $68.0m $113.0m $128.0m $113.0m $95.0m $98.0m $105.0m
Total $12.2b $12.2b $13.2b $13.8b $14.0b $12.5b $12.7b $13.9b $15.6b $16.2b
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic $820.0m $903.0m $208.0m $297.0m $252.0m $266.0m $183.0m $250.0m $334.0m $381.0m
Gain (Loss) on Investments $50.0m $122.0m ($57.0m) $49.0m ($1.2b) $660.0m ($199.0m) ($53.0m) ($81.0m) ($81.0m)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $936.0m $1.6b $834.0m $1.1b ($1.5b) $2.2b $1.4b $2.0b $1.9b $2.3b
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $654.0m — — — — — — — — —
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $716.0m — — — — — — — — —
Net Investment Income $2.1b $2.2b $1.8b $2.4b $2.0b $2.3b $1.8b $2.4b $2.8b $2.8b
Policyholder Benefits and Claims Incurred, Net $5.3b $5.3b $5.6b $5.8b $6.2b $6.3b $6.4b $7.1b $7.7b $8.3b
Premiums Earned, Net $6.9b $7.0b $7.3b $7.4b $7.6b $8.2b $8.7b $9.5b $10.2b $10.9b
Income before income tax $936.0m $1.6b $834.0m $1.1b ($1.5b) $2.2b $1.4b $2.0b $1.9b $2.3b
Net Income (Loss) Attributable to Parent $654.0m $1.2b $636.0m $932.0m ($931.0m) $1.6b $1.0b $1.4b $1.4b $1.7b
Net Income (Loss) Attributable to Noncontrolling Interest $62.0m $248.0m $70.0m ($61.0m) ($360.0m) $125.0m $91.0m $111.0m $80.0m $105.0m
Common Stock, Dividends, Per Share, Declared $0.25 $0.25 $0.25 $0.25 $0.25 $0.25 $0.25 $0.25 $0.25 $0.25
Earnings Per Share, Basic $0.25 $3.46 $1.99 $3.08 ($3.32) $6.08 $4.17 $6.30 $6.42 $7.98
Earnings Per Share, Diluted $1.93 $3.45 $1.99 $3.07 ($3.32) $6.07 $4.16 $6.29 $6.41 $7.97
Basic weighted average number of shares outstanding (in shares) 337.9m 336.6m 319.1m 302.7m 280.3m 259.7m 242.8m 227.5m 220.3m 209.0m
Diluted weighted average number of shares outstanding (in shares) 338.3m 337.5m 319.9m 303.4m 280.3m 260.2m 243.3m 227.8m 220.5m 209.1m
Weighted Average Number of Shares Outstanding, Basic 337.9m 336.6m 319.1m 302.7m 280.3m 259.7m 242.8m 227.5m 220.3m 209.0m
Weighted Average Number of Shares Outstanding, Diluted 338.3m 337.5m 319.9m 303.4m 280.3m 260.2m 243.3m 227.8m 220.5m 209.1m
Expenses
Amortization of deferred acquisition costs $1.2b $1.2b $1.3b $1.4b $1.4b $1.4b $1.5b $1.6b $1.8b $1.9b
Current Income Tax Expense (Benefit) $220.0m $170.0m $128.0m $248.0m $173.0m $479.0m $278.0m $451.0m $380.0m $399.0m
Deferred Policy Acquisition Costs, Amortization Expense $1.2b $1.2b $1.3b $1.4b $1.4b $1.4b $1.5b $1.6b $1.8b $1.9b
Income tax expense ($220.0m) ($170.0m) ($128.0m) ($248.0m) $173.0m ($479.0m) ($278.0m) ($451.0m) ($380.0m) ($511.0m)
Interest Expense $536.0m $646.0m $574.0m $591.0m $515.0m $424.0m $378.0m $376.0m $441.0m $437.0m
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims — — — — $5.9b $6.0b $6.2b $5.8b $6.4b $7.0b
Non-insurance warranty expense $271.0m $299.0m $923.0m $1.1b $1.2b $1.3b $1.5b $1.5b $1.5b $1.5b
Other Cost and Expense, Operating $4.3b $4.2b $4.8b $5.0b $4.8b $2.9b $3.1b $3.4b $1.2b $1.4b
Benefits, Losses and Expenses $12.2b $12.2b $13.2b $13.8b $14.0b $12.5b $12.7b $13.9b $15.6b $16.2b
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement $86.0m — — — — — — — ($367.0m) —
Income Tax Expense (Benefit) $220.0m $170.0m $128.0m $248.0m ($173.0m) $479.0m $278.0m $451.0m $380.0m $511.0m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.