Loews Corporation (L)
NYSE: L · Real-Time Price · USD
79.20
-0.09 (-0.11%)
Sep 18, 2024, 4:00 PM EDT - Market closed

Loews Income Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
TTM FY 2023 FY 2022 FY 2021 FY 2020 FY 2019 2018 - 2014
Period Ending
Jun '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 2018 - 2014
Premiums & Annuity Revenue
9,8249,4808,6678,1757,6497,428
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Total Interest & Dividend Income
2,2822,1801,8051,8611,7802,110
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Gain (Loss) on Sale of Investments
-27-15-196683-1,15890
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Non-Insurance Activities Revenue
1,6211,6241,5741,4301,2521,161
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Other Revenue
2,9822,6322,1942,5083,0604,142
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Total Revenue
16,68215,90114,04414,65712,58314,931
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Revenue Growth (YoY)
11.43%13.22%-4.18%16.48%-15.73%6.15%
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Policy Benefits
7,3257,0686,6536,3716,1705,806
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Policy Acquisition & Underwriting Costs
1,7411,6441,4901,4431,4101,383
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Selling, General & Administrative
3,6403,3813,0522,9573,9164,851
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Non-Insurance Activities Expense
1,5581,5441,4711,3281,1591,082
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Total Operating Expenses
14,26413,63712,66612,09912,65513,122
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Operating Income
2,4182,2641,3782,558-721,809
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Interest Expense
-407-376-378-424-515-591
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Earnings From Equity Investments
10612013926-73-
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EBT Excluding Unusual Items
2,1172,0081,1392,160-6601,218
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Asset Writedown
-12-12-25--804-99
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Pretax Income
2,1051,9961,1142,160-1,4641,119
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Income Tax Expense
472451223475-173248
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Earnings From Continuing Ops.
1,6331,5458911,685-1,291871
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Net Income to Company
1,6331,5458911,685-1,291871
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Minority Interest in Earnings
-108-111-69-12336061
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Net Income
1,5251,4348221,562-931932
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Net Income to Common
1,5251,4348221,562-931932
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Net Income Growth
42.79%74.45%-47.38%--46.54%
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Shares Outstanding (Basic)
223227243260280303
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Shares Outstanding (Diluted)
224228243260280303
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Shares Change (YoY)
-4.92%-6.36%-6.50%-7.18%-7.59%-5.18%
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EPS (Basic)
6.836.303.396.02-3.323.08
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EPS (Diluted)
6.826.293.386.00-3.323.07
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EPS Growth
49.86%86.09%-43.67%--54.27%
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Free Cash Flow
2,1993,2212,6542,1411,035700
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Free Cash Flow Per Share
9.8414.1410.918.233.692.31
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Dividend Per Share
0.2500.2500.2500.2500.2500.250
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Operating Margin
14.49%14.24%9.81%17.45%-0.57%12.12%
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Profit Margin
9.14%9.02%5.85%10.66%-7.40%6.24%
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Free Cash Flow Margin
13.18%20.26%18.90%14.61%8.23%4.69%
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EBITDA
2,9792,8021,8903,0736622,752
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EBITDA Margin
17.86%17.62%13.46%20.97%5.26%18.43%
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D&A For EBITDA
561538512515734943
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EBIT
2,4182,2641,3782,558-721,809
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EBIT Margin
14.49%14.24%9.81%17.45%-0.57%12.12%
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Effective Tax Rate
22.42%22.60%20.02%21.99%-22.16%
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Revenue as Reported
16,68215,90114,04414,65712,58314,931
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Source: S&P Capital IQ. Insurance template. Financial Sources.