Loews Corporation (L)

Loews Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	42,527	40,425	37,627	44,373	44,604	42,177
Investments in Equity & Preferred Securities	3,677	4,220	3,973	4,341	3,658	3,676
Other Investments	6,337	5,519	5,978	5,951	5,839	5,700
Total Investments	53,069	50,365	47,648	54,672	54,143	51,606
Cash & Equivalents	548	399	532	621	478	336
Reinsurance Recoverable	-	5,412	5,416	5,463	4,457	4,179
Other Receivables	10,138	4,248	3,987	3,810	3,376	3,496
Deferred Policy Acquisition Cost	943	896	806	737	708	662
Property, Plant & Equipment	10,689	11,020	10,355	10,160	10,821	16,141
Goodwill	349	347	346	349	785	767
Other Intangible Assets	-	151	111	109	610	647
Long-Term Deferred Tax Assets	-	54	274	45	43	37
Long-Term Deferred Charges	3,571	3,661	3,671	3,476	3,068	2,840
Other Long-Term Assets	4,310	2,644	2,421	2,184	1,747	1,532
Total Assets	83,617	79,197	75,567	81,626	80,236	82,243
Accrued Expenses	269	79	133	90	92	108
Insurance & Annuity Liabilities	14,429	14,460	13,979	13,744	13,798	12,787
Unpaid Claims	24,558	23,304	22,120	24,174	22,706	21,720
Unearned Premiums	7,259	6,933	6,374	5,761	5,119	4,583
Current Portion of Long-Term Debt	712	1,083	853	93	35	75
Current Portion of Leases	1	58	1	-	2	2
Long-Term Debt	8,818	7,915	8,161	8,980	10,041	11,443
Long-Term Leases	3	331	401	369	532	707
Long-Term Deferred Tax Liabilities	697	398	243	1,079	1,065	1,168
Other Long-Term Liabilities	4,029	3,261	3,221	3,455	3,118	3,359
Total Liabilities	65,369	62,672	60,366	62,451	61,055	60,313
Common Stock	2	2	2	2	3	3
Additional Paid-In Capital	2,562	2,589	2,748	2,885	3,133	3,374
Retained Earnings	16,802	15,617	14,931	14,776	14,150	15,823
Treasury Stock	-271	-7	-12	-3	-7	-13
Comprehensive Income & Other	-1,738	-2,497	-3,320	186	581	-68
Total Common Equity	17,357	15,704	14,349	17,846	17,860	19,119
Minority Interest	891	821	852	1,329	1,321	2,811
Shareholders' Equity	18,248	16,525	15,201	19,175	19,181	21,930
Total Liabilities & Equity	83,617	79,197	75,567	81,626	80,236	82,243
Filing Date Shares Outstanding	217.78	222.2	235	248.2	267.05	287.77
Total Common Shares Outstanding	218.93	222.17	235.96	248.42	269.21	290.97
Total Debt	9,534	9,387	9,416	9,442	10,610	12,227
Net Cash (Debt)	-8,986	-8,988	-8,884	-8,821	-10,132	-11,891
Net Cash Per Share	-40.48	-39.45	-36.52	-33.90	-36.14	-39.20
Book Value Per Share	79.28	70.69	60.81	71.84	66.34	65.71
Tangible Book Value	17,008	15,206	13,892	17,388	16,465	17,705
Tangible Book Value Per Share	77.69	68.44	58.87	70.00	61.16	60.85
Machinery	-	12,891	12,329	12,050	11,770	19,308
Construction In Progress	-	764	513	340	281	595

Source: S&P Capital IQ. Insurance template. Financial Sources.