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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Insurance premiums $ 9,480 $ 8,667 $ 8,175
Net investment income 2,395 1,802 2,259
Investment gains (losses) (Note 3) (53) (199) 660
Non-insurance warranty revenue 1,624 1,574 1,430
Operating revenues and other 2,455 2,200 2,133 Close
Total 15,901 14,044 14,657
Expenses:      
Insurance claims and policyholders’ benefits (re-measurement loss of $(88), $(214), and $(8) 7,068 6,653 6,371
Amortization of deferred acquisition costs 1,644 1,490 1,443
Non-insurance warranty expense 1,544 1,471 1,328
Operating expenses and other 3,393 3,077 2,957
Equity method income (120) (139) (26)
Interest 376 378 424
Total 13,905 12,930 12,497
Income (loss) before income tax 1,996 1,114 2,160 Close
Income tax expense (451) (223) (475) Close
Net income (loss) 1,545 891 1,685 Close
Amounts attributable to noncontrolling interests (111) (69) (123)
Net income (loss) attributable to Loews Corporation $ 1,434 $ 822 $ 1,562
Basic net income per share (in dollars per share) $ 6.30 $ 3.39 $ 6.02
Diluted net income per share (in dollars per share) $ 6.29 $ 3.38 $ 6.00
Basic weighted average number of shares outstanding (in shares) 227,480 242,830 259,670
Diluted weighted average number of shares outstanding (in shares) 227,810 243,280 260,200