Loews Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Investments in Debt Securities	43,636	41,061	40,425	37,627	44,373	44,604
Investments in Equity & Preferred Securities	4,096	4,521	4,220	3,973	4,341	3,658
Other Investments	6,546	5,719	5,519	5,978	5,951	5,839
Total Investments	54,758	52,067	50,365	47,648	54,672	54,143
Cash & Equivalents	567	541	399	532	621	478
Reinsurance Recoverable	-	6,051	5,412	5,416	5,463	4,457
Other Receivables	10,936	4,471	4,248	3,987	3,810	3,376
Deferred Policy Acquisition Cost	985	959	896	806	737	708
Property, Plant & Equipment	10,668	11,058	11,020	10,355	10,160	10,821
Goodwill	349	347	347	346	349	785
Other Intangible Assets	-	147	151	111	109	610
Long-Term Deferred Tax Assets	-	39	54	274	45	43
Long-Term Deferred Charges	3,340	3,525	3,661	3,671	3,476	3,068
Other Long-Term Assets	4,338	2,738	2,644	2,421	2,184	1,747
Total Assets	85,941	81,943	79,197	75,567	81,626	80,236
Accrued Expenses	133	110	79	133	90	92
Insurance & Annuity Liabilities	13,932	13,669	14,460	13,979	13,744	13,798
Unpaid Claims	26,525	24,976	23,304	22,120	24,174	22,706
Unearned Premiums	7,578	7,346	6,933	6,374	5,761	5,119
Current Portion of Long-Term Debt	1,004	4	1,083	853	93	35
Current Portion of Leases	1	65	1	1	-	2
Long-Term Debt	8,436	8,936	7,915	8,161	8,980	10,041
Long-Term Leases	2	345	388	401	369	532
Long-Term Deferred Tax Liabilities	836	550	398	243	1,079	1,065
Other Long-Term Liabilities	3,977	3,330	3,261	3,221	3,455	3,118
Total Liabilities	66,718	64,006	62,672	60,366	62,451	61,055
Common Stock	2	2	2	2	2	3
Additional Paid-In Capital	2,469	2,490	2,589	2,748	2,885	3,133
Retained Earnings	17,690	16,459	15,617	14,931	14,776	14,150
Treasury Stock	-708	-18	-7	-12	-3	-7
Comprehensive Income & Other	-1,161	-1,867	-2,497	-3,320	186	581
Total Common Equity	18,292	17,066	15,704	14,349	17,846	17,860
Minority Interest	931	871	821	852	1,329	1,321
Shareholders' Equity	19,223	17,937	16,525	15,201	19,175	19,181
Total Liabilities & Equity	85,941	81,943	79,197	75,567	81,626	80,236
Filing Date Shares Outstanding	206.66	212.86	222.2	235	248.2	267.05
Total Common Shares Outstanding	206.95	214.7	222.17	235.96	248.42	269.21
Total Debt	9,443	9,350	9,387	9,416	9,442	10,610
Net Cash (Debt)	-8,876	-8,809	-8,988	-8,884	-8,821	-10,132
Net Cash Per Share	-41.89	-39.94	-39.45	-36.52	-33.90	-36.14
Book Value Per Share	88.39	79.49	70.69	60.81	71.84	66.34
Tangible Book Value	17,943	16,572	15,206	13,892	17,388	16,465
Tangible Book Value Per Share	86.70	77.19	68.44	58.87	70.00	61.16
Machinery	-	13,297	12,891	12,329	12,050	11,770
Construction In Progress	-	247	764	513	340	281

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