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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating Activities:    
Net income $ 880 $ 792
Adjustments to reconcile net income to net cash provided by operating activities, net 250 300
Changes in operating assets and liabilities, net:    
Receivables (599) (456)
Deferred acquisition costs (55) (74)
Insurance reserves 1,255 1,165
Other assets (172) (173)
Other liabilities 83 (139)
Trading securities (492) 738
Net cash flow provided by operating activities 1,150 2,153 Close
Investing Activities:    
Purchases of fixed maturities (3,338) (3,506)
Proceeds from sales of fixed maturities 1,611 2,285
Proceeds from maturities of fixed maturities 1,109 613
Purchases of equity securities (246) (126)
Proceeds from sales of equity securities 288 121
Purchases of limited partnership investments (140) (245)
Proceeds from sales of limited partnership investments 30 132
Purchases of property, plant and equipment (318) (299)
Dispositions 23
Change in short-term investments (338) (322)
Other, net 43 (120)
Net cash flow used by investing activities (1,276) (1,467) Close
Financing Activities:    
Dividends paid (28) (29)
Dividends paid to noncontrolling interests (65) (55)
Purchases of Loews Corporation treasury stock (203) (593)
Purchases of subsidiary stock from noncontrolling interests (20) (26)
Principal payments on debt (762) (502)
Issuance of debt 1,323 463
Other, net (45) (17)
Net cash flow provided by (used by) financing activities 200 (759) Close
Effect of foreign exchange rate on cash (3) 4 Close
Net change in cash 71 (69) Close
Cash, beginning of period 399 532
Cash, end of period $ 470 $ 463