XML 19 R9.htm IDEA: XBRL DOCUMENT v3.23.3Close
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating Activities:    
Net income $ 1,068 $ 512
Adjustments to reconcile net income to net cash provided by operating activities, net 519 726
Changes in operating assets and liabilities, net:    
Receivables (71) (447)
Deferred acquisition costs (74) (66)
Insurance reserves 1,184 1,999
Other assets (152) (486)
Other liabilities 51 161
Trading securities 905 293
Net cash flow provided by operating activities 3,430 2,692 Close
Investing Activities:    
Purchases of fixed maturities (5,459) (8,768)
Proceeds from sales of fixed maturities 3,284 4,885
Proceeds from maturities of fixed maturities 960 2,095
Purchases of equity securities (200) (245)
Proceeds from sales of equity securities 192 230
Purchases of limited partnership investments (322) (265)
Proceeds from sales of limited partnership investments 205 156
Purchases of property, plant and equipment (463) (437)
Acquisitions (348)
Dispositions 16
Investment in Altium Packaging (79)
Change in short term investments 60 568
Other, net (162) 65
Net cash flow used by investing activities (2,253) (1,779) Close
Financing Activities:    
Dividends paid (43) (46)
Dividends paid to noncontrolling interests (65) (87)
Purchases of Loews Corporation treasury stock (709) (611)
Purchases of subsidiary stock from noncontrolling interests (203) (66)
Principal payments on debt (503) (327)
Issuance of debt 593 532
Other, net (17) (16)
Net cash flow used by financing activities (947) (621) Close
Effect of foreign exchange rate on cash (27) Close
Net change in cash 230 265 Close
Cash, beginning of period 532 621
Cash, end of period $ 762 $ 886