Loews Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Premiums & Annuity Revenue	10,900	10,211	9,480	8,667	8,175
Total Interest & Dividend Income	2,779	2,416	2,180	1,805	1,861
Gain (Loss) on Sale of Investments	-81	12	-15	-196	683
Non-Insurance Activities Revenue	-	1,609	1,624	1,574	1,430
Other Revenue	4,856	3,262	2,632	2,194	2,508
Total Revenue	18,454	17,510	15,901	14,044	14,657
Revenue Growth (YoY)	5.39%	10.12%	13.22%	-4.18%	16.48%
Policy Benefits	8,294	7,738	7,068	6,653	6,371
Policy Acquisition & Underwriting Costs	-	1,798	1,644	1,490	1,443
Selling, General & Administrative	7,877	4,170	3,381	3,052	2,957
Non-Insurance Activities Expense	-	1,547	1,544	1,471	1,328
Total Operating Expenses	16,171	15,253	13,637	12,666	12,099
Operating Income	2,283	2,257	2,264	1,378	2,558
Interest Expense	-	-441	-376	-378	-424
Earnings From Equity Investments	-	58	120	139	26
EBT Excluding Unusual Items	2,283	1,874	2,008	1,139	2,160
Asset Writedown	-	-	-12	-25	-
Pretax Income	2,283	1,874	1,996	1,114	2,160
Income Tax Expense	511	380	451	223	475
Earnings From Continuing Ops.	1,772	1,494	1,545	891	1,685
Minority Interest in Earnings	-105	-80	-111	-69	-123
Net Income	1,667	1,414	1,434	822	1,562
Net Income to Common	1,667	1,414	1,434	822	1,562
Net Income Growth	17.89%	-1.40%	74.45%	-47.38%	-
Shares Outstanding (Basic)	209	220	227	243	260
Shares Outstanding (Diluted)	209	221	228	243	260
Shares Change (YoY)	-5.18%	-3.20%	-6.36%	-6.50%	-7.18%
EPS (Basic)	7.97	6.42	6.30	3.39	6.02
EPS (Diluted)	7.97	6.41	6.29	3.38	6.00
EPS Growth	24.37%	1.91%	86.09%	-43.67%	-
Free Cash Flow	-	2,393	3,221	2,654	2,141
Free Cash Flow Per Share	-	10.85	14.14	10.91	8.23
Dividend Per Share	0.250	0.250	0.250	0.250	0.250
Operating Margin	12.37%	12.89%	14.24%	9.81%	17.45%
Profit Margin	9.03%	8.08%	9.02%	5.85%	10.66%
Free Cash Flow Margin	-	13.67%	20.26%	18.90%	14.61%
EBITDA	2,830	2,840	2,802	1,890	3,073
EBITDA Margin	15.33%	16.22%	17.62%	13.46%	20.97%
D&A For EBITDA	546.67	583	538	512	515
EBIT	2,283	2,257	2,264	1,378	2,558
EBIT Margin	12.37%	12.89%	14.24%	9.81%	17.45%
Effective Tax Rate	22.38%	20.28%	22.60%	20.02%	21.99%
Revenue as Reported	18,454	17,510	15,901	14,044	14,657

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.