Loews Corporation (BIT:1LOE)

Loews Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	10,396	10,211	9,480	8,667	8,175	7,649
Total Interest & Dividend Income	2,450	2,416	2,180	1,805	1,861	1,780
Gain (Loss) on Sale of Investments	-72	12	-15	-196	683	-1,158
Non-Insurance Activities Revenue	1,599	1,609	1,624	1,574	1,430	1,252
Other Revenue	3,400	3,262	2,632	2,194	2,508	3,060
Total Revenue	17,773	17,510	15,901	14,044	14,657	12,583
Revenue Growth (YoY)	8.71%	10.12%	13.22%	-4.18%	16.48%	-15.73%
Policy Benefits	7,958	7,738	7,068	6,653	6,371	6,170
Policy Acquisition & Underwriting Costs	1,825	1,798	1,644	1,490	1,443	1,410
Selling, General & Administrative	4,281	4,170	3,381	3,052	2,957	3,916
Non-Insurance Activities Expense	1,538	1,547	1,544	1,471	1,328	1,159
Total Operating Expenses	15,602	15,253	13,637	12,666	12,099	12,655
Operating Income	2,171	2,257	2,264	1,378	2,558	-72
Interest Expense	-443	-441	-376	-378	-424	-515
Earnings From Equity Investments	31	58	120	139	26	-73
EBT Excluding Unusual Items	1,759	1,874	2,008	1,139	2,160	-660
Asset Writedown	-	-	-12	-25	-	-804
Pretax Income	1,759	1,874	1,996	1,114	2,160	-1,464
Income Tax Expense	358	380	451	223	475	-173
Earnings From Continuing Ops.	1,401	1,494	1,545	891	1,685	-1,291
Net Income to Company	1,401	1,494	1,545	891	1,685	-1,291
Minority Interest in Earnings	-74	-80	-111	-69	-123	360
Net Income	1,327	1,414	1,434	822	1,562	-931
Net Income to Common	1,327	1,414	1,434	822	1,562	-931
Net Income Growth	-12.47%	-1.40%	74.45%	-47.38%	-	-
Shares Outstanding (Basic)	218	220	227	243	260	280
Shares Outstanding (Diluted)	218	221	228	243	260	280
Shares Change (YoY)	-3.16%	-3.20%	-6.36%	-6.50%	-7.18%	-7.59%
EPS (Basic)	6.09	6.42	6.30	3.39	6.02	-3.32
EPS (Diluted)	6.09	6.41	6.29	3.38	6.00	-3.32
EPS Growth	-9.47%	1.91%	86.09%	-43.67%	-	-
Free Cash Flow	2,992	2,393	3,221	2,654	2,141	1,035
Free Cash Flow Per Share	13.73	10.85	14.14	10.91	8.23	3.69
Dividend Per Share	0.250	0.250	0.250	0.250	0.250	0.250
Operating Margin	12.21%	12.89%	14.24%	9.81%	17.45%	-0.57%
Profit Margin	7.47%	8.08%	9.02%	5.85%	10.66%	-7.40%
Free Cash Flow Margin	16.84%	13.67%	20.26%	18.90%	14.61%	8.22%
EBITDA	2,758	2,840	2,802	1,890	3,073	662
EBITDA Margin	15.52%	16.22%	17.62%	13.46%	20.97%	5.26%
D&A For EBITDA	587	583	538	512	515	734
EBIT	2,171	2,257	2,264	1,378	2,558	-72
EBIT Margin	12.21%	12.89%	14.24%	9.81%	17.45%	-0.57%
Effective Tax Rate	20.35%	20.28%	22.60%	20.02%	21.99%	-
Revenue as Reported	17,773	17,510	15,901	14,044	14,657	12,583

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