Loews Corporation Website

Loews Corporation

NYSE-L

Income Statement
Dec '14
Dec '15
Dec '16
Dec '17
Dec '18
Dec '19
Dec '20
Dec '21
Dec '22
Dec '23
LTM

Premiums and Annuity Revenues

7,428

7,649

8,175

8,667

9,480

9,824

Total Interest And Dividend Income

2,110

1,780

1,861

1,805

2,180

2,282

Gain (Loss) on Sale of Investments, Total

90

-1,158

683

-196

-15

-27

Non-Insurance Activities Revenues

1,161

1,252

1,430

1,574

1,624

1,621

Other Revenues, Total

4,142

3,060

2,508

2,194

2,632

2,982

Total Revenues

14,931

12,583

14,657

14,044

15,901

16,682

Total Revenues % Chg.

6.1%

-15.7%

16.5%

-4.2%

13.2%

11.4%

Policy Benefits

5,806

6,170

6,371

6,653

7,068

7,325

Policy Acquisition / Underwriting Costs, Total

1,383

1,410

1,443

1,490

1,644

1,741

Selling General & Admin Expenses, Total

—

—

4,851

3,916

2,957

3,052

3,381

3,640

Other Operating Expenses

—

—

—

—

—

—

—

—

—

Non-Insurance Activities Expenses

1,082

1,159

1,328

1,471

1,544

1,558

Total Operating Expenses

13,122

12,655

12,099

12,666

13,637

14,264

Operating Income

1,809

-72

2,558

1,378

2,264

2,418

Interest Expense, Total

-591

-515

-424

-378

-376

-407

Income (Loss) on Equity Invest.

—

—

—

—

-73

26

139

120

106

EBT, Excl. Unusual Items

1,218

-660

2,160

1,139

2,008

2,117

Impairment of Goodwill

—

—

—

—

—

—

—

—

—

—

Asset Writedown

—

-99

-804

—

-25

-12

-12

Other Unusual Items

—

—

—

—

—

—

—

—

—

—

EBT, Incl. Unusual Items

1,119

-1,464

2,160

1,114

1,996

2,105

Income Tax Expense

248

-173

475

223

451

472

Earnings From Continuing Operations

871

-1,291

1,685

891

1,545

1,633

Earnings Of Discontinued Operations

—

—

—

—

—

—

—

—

—

—

Minority Interest

61

360

-123

-69

-111

-108

Net Income

932

-931

1,562

822

1,434

1,525

Net Income to Common Incl Extra Items

932

-931

1,562

822

1,434

1,525

Net Income to Common Excl. Extra Items

932

-931

1,562

822

1,434

1,525

Total Shares Outstanding

291

269.2

248.4

236

222.2

219.7

Weighted Avg. Shares Outstanding

302.7

280.3

259.7

242.8

227.5

223.2

Weighted Avg. Shares Outstanding Dil

303.4

280.3

260.2

243.3

227.8

223.5

EPS

3.1

-3.3

6

3.4

6.3

6.8

EPS Diluted

3.1

-3.3

6

3.4

6.3

6.8

EBITDA

2,752

662

3,073

1,890

2,802

2,979

Effective Tax Rate

22.2%

11.8%

22%

20%

22.6%

22.4%