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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Insurance premiums $ 2,498 $ 2,347 $ 4,939 $ 4,595
Net investment income 639 592 1,308 1,161
Investment gains (losses) (10) 14 (32) (21)
Non-insurance warranty revenue 404 407 811 814 Close
Operating revenues and other 736 574 1,472 1,168
Total 4,267 3,934 8,498 7,717
Expenses:        
Insurance claims and policyholders’ benefits (re-measurement gain (loss) of $(25), $(33), $(40) and $(34)) 1,882 1,779 3,689 3,432
Amortization of deferred acquisition costs 435 403 879 782
Non-insurance warranty expense 388 384 782 768
Operating expenses and other 968 808 1,848 1,589
Equity method income (27) (39) (53) (67)
Interest 114 91 217 186
Total 3,760 3,426 7,362 6,690
Income before income tax 507 508 1,136 1,027 CloseClose
Income tax expense (112) (120) (256) (235) CloseClose
Net income 395 388 880 792 CloseClose
Amounts attributable to noncontrolling interests (26) (28) (54) (57)
Net income (loss) attributable to Loews Corporation $ 369 $ 360 $ 826 $ 735
Basic net income per share (in dollars per share) $ 1.67 $ 1.58 $ 3.72 $ 3.19
Diluted net income per share (in dollars per share) $ 1.67 $ 1.58 $ 3.72 $ 3.19
Weighted average shares outstanding:        
Shares of common stock (in shares) 221,350 227,690 221,910 230,480
Dilutive potential shares of common stock (in shares) 250 280 270 300
Total weighted average shares outstanding assuming dilution (in shares) 221,600 227,970 222,180 230,780