L Stock Balance Sheets

Loews Quarterly Balance Sheets Chart

Quarterly

Annual

Goodwill

Account Receivables

Cash and Cash Eq

Long-Term Debt

Short-Term Debt

Loews Quarterly Balance Sheets Table

Quarterly

Annual

Unit: USD	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-09-30	2017-06-30	2017-03-31	2016-09-30	2016-06-30	2016-03-31	2015-09-30	2015-06-30	2015-03-31	2014-09-30	2014-06-30	2014-03-31	2013-09-30	2013-03-31	2012-06-30	2012-03-31	2011-09-30	2011-06-30	2011-03-31	2010-09-30	2010-03-31	2009-06-30	2009-03-31	2008-09-30	2008-06-30	2008-03-31

assets:
investments:
fixed maturities, amortized cost of 45,283 and 44,196, less allowance for credit loss of 51 and 45	43,357,000,000
equity securities, cost of 1,221 and 969	1,294,000,000
limited partnership investments	2,754,000,000	2,572,000,000	2,520,000,000	2,462,000,000	2,367,000,000	2,274,000,000	2,174,000,000	2,074,000,000	2,020,000,000	2,011,000,000	1,954,000,000	1,975,000,000	1,941,000,000	1,917,000,000	1,933,000,000	1,898,000,000	1,769,000,000	1,798,000,000	1,758,000,000	1,742,000,000		2,004,000,000	2,012,000,000	2,036,000,000	2,120,000,000	2,424,000,000	2,832,000,000	3,310,000,000	3,291,000,000	3,201,000,000	3,254,000,000	3,258,000,000	3,293,000,000	3,355,000,000	3,301,000,000	3,495,000,000	3,714,000,000	3,749,000,000	3,658,000,000	3,561,000,000	3,512,000,000	3,465,000,000	3,207,000,000	2,743,000,000	2,909,000,000	2,953,000,000	3,130,000,000	3,025,000,000	2,648,000,000	2,164,000,000	1,975,000,000	1,768,000,000	2,207,000,000	2,428,000,000	2,347,000,000
other invested assets, primarily mortgage loans, less allowance for credit loss of 40 and 35	1,138,000,000
short-term investments	4,452,000,000	4,354,000,000	4,606,000,000	5,242,000,000	4,916,000,000	5,388,000,000	4,396,000,000
total investments	52,995,000,000	51,993,000,000	51,130,000,000	53,069,000,000	50,346,000,000	50,723,000,000	49,369,000,000	46,413,000,000	47,563,000,000	47,589,000,000	46,768,000,000	45,997,000,000	48,075,000,000	51,102,000,000	53,938,000,000	54,374,000,000	52,359,000,000	53,844,000,000	52,772,000,000	51,486,000,000		51,250,000,000	51,387,000,000	50,740,000,000	49,468,000,000	48,186,000,000	48,695,000,000	50,469,000,000	51,065,000,000	52,134,000,000	51,606,000,000	51,022,000,000	52,385,000,000	52,359,000,000	50,650,000,000	50,550,000,000	51,048,000,000	52,192,000,000	52,644,000,000	52,951,000,000	52,063,000,000	52,358,000,000	53,184,000,000	51,075,000,000	50,958,000,000	49,625,000,000	48,884,000,000	48,632,000,000	48,842,000,000	47,502,000,000	41,313,000,000	39,091,000,000	42,278,000,000	45,358,000,000	47,429,000,000
cash	447,000,000	560,000,000	541,000,000	548,000,000	470,000,000	556,000,000	399,000,000	762,000,000	463,000,000	594,000,000	532,000,000	886,000,000	951,000,000	798,000,000	621,000,000	578,000,000	660,000,000	478,000,000	886,000,000	668,000,000		336,000,000	442,000,000	440,000,000	339,000,000	405,000,000	571,000,000	453,000,000	451,000,000	416,000,000	357,000,000	412,000,000	344,000,000	348,000,000	308,000,000	328,000,000	249,000,000	271,000,000	637,000,000	277,000,000	301,000,000	257,000,000	179,000,000	136,000,000	99,000,000	128,000,000	148,000,000	123,000,000	132,000,000	135,000,000	136,000,000	138,000,000	236,000,000	168,000,000	207,000,000
receivables	11,357,000,000	10,790,000,000	10,522,000,000	10,138,000,000	10,280,000,000	9,754,000,000	9,660,000,000	9,437,000,000	9,926,000,000	9,416,000,000	9,403,000,000	9,458,000,000	9,701,000,000	9,259,000,000	9,273,000,000	9,162,000,000	8,539,000,000	7,833,000,000	7,850,000,000	8,431,000,000		7,675,000,000	7,622,000,000	8,144,000,000	8,012,000,000	7,960,000,000	7,836,000,000	8,217,000,000	7,893,000,000	7,792,000,000	7,977,000,000	7,783,000,000	7,853,000,000	8,616,000,000	8,227,000,000	8,079,000,000	8,097,000,000	8,157,000,000	8,185,000,000	8,441,000,000	8,355,000,000	9,023,000,000	9,605,000,000	9,145,000,000	9,409,000,000	10,109,000,000	10,133,000,000	10,182,000,000	11,091,000,000	10,000,000,000	11,529,000,000	11,334,000,000	12,201,000,000	11,965,000,000	11,959,000,000
property, plant and equipment	10,666,000,000	10,674,000,000	10,738,000,000	10,689,000,000	10,710,000,000	10,723,000,000	10,718,000,000	10,674,000,000	10,328,000,000	10,098,000,000	10,027,000,000	9,949,000,000	9,962,000,000	9,896,000,000	9,888,000,000	9,847,000,000	9,921,000,000	10,451,000,000	10,468,000,000	10,475,000,000		15,568,000,000	15,561,000,000	15,513,000,000	15,407,000,000	15,511,000,000	15,467,000,000	15,471,000,000	15,461,000,000	15,475,000,000	15,447,000,000	15,160,000,000	15,200,000,000	15,126,000,000	15,351,000,000	15,902,000,000	15,917,000,000	15,376,000,000	14,411,000,000	14,133,000,000	14,974,000,000	14,381,000,000	14,204,000,000	13,709,000,000	13,522,000,000	12,935,000,000	12,456,000,000	12,543,000,000	12,619,000,000	13,249,000,000	12,671,000,000	12,160,000,000	12,809,000,000	11,782,000,000	11,086,000,000
goodwill	349,000,000	347,000,000	347,000,000	349,000,000	347,000,000	347,000,000	347,000,000	346,000,000	347,000,000	346,000,000	346,000,000	344,000,000	346,000,000	348,000,000	349,000,000	350,000,000	349,000,000	785,000,000	765,000,000	764,000,000		767,000,000	772,000,000	768,000,000	682,000,000	665,000,000	657,000,000	658,000,000	661,000,000	648,000,000	647,000,000	346,000,000	347,000,000	348,000,000	350,000,000	352,000,000	373,000,000	371,000,000	353,000,000	355,000,000	354,000,000	991,000,000	993,000,000	908,000,000	908,000,000	856,000,000	856,000,000	856,000,000	856,000,000	856,000,000	856,000,000
deferred non-insurance warranty acquisition expenses	3,441,000,000	3,493,000,000	3,525,000,000	3,571,000,000	3,598,000,000	3,621,000,000	3,661,000,000	3,688,000,000	3,689,000,000	3,671,000,000	3,671,000,000	3,653,000,000	3,593,000,000	3,504,000,000	3,476,000,000	3,305,000,000	3,149,000,000	3,068,000,000	2,998,000,000	2,916,000,000		2,840,000,000	2,772,000,000	2,678,000,000	2,576,000,000	2,513,000,000
deferred acquisition costs of insurance subsidiaries	1,021,000,000	999,000,000	959,000,000	943,000,000	948,000,000	927,000,000	896,000,000	880,000,000	885,000,000	852,000,000	806,000,000	787,000,000	792,000,000	766,000,000	737,000,000	721,000,000	741,000,000	708,000,000	697,000,000	699,000,000		662,000,000	668,000,000	681,000,000	664,000,000	633,000,000	654,000,000	673,000,000	665,000,000	643,000,000	647,000,000	626,000,000	619,000,000	620,000,000	622,000,000	606,000,000	621,000,000	616,000,000	627,000,000	650,000,000	652,000,000	642,000,000	641,000,000	584,000,000	576,000,000	783,000,000	1,106,000,000	1,098,000,000	1,096,000,000	1,109,000,000	1,145,000,000	1,132,000,000	1,157,000,000	1,167,000,000	1,158,000,000
other assets	4,392,000,000	4,286,000,000	4,181,000,000	4,310,000,000	4,358,000,000	4,255,000,000	4,147,000,000	4,269,000,000	4,146,000,000	3,994,000,000	3,941,000,000	4,037,000,000	3,651,000,000	3,471,000,000	3,344,000,000	3,271,000,000	2,501,000,000	3,069,000,000	3,028,000,000	3,000,000,000		3,145,000,000	3,275,000,000	3,313,000,000	3,301,000,000	2,443,000,000	4,845,000,000	4,791,000,000	4,590,000,000	2,419,000,000	2,420,000,000	1,765,000,000	1,760,000,000	1,766,000,000	1,716,000,000	1,715,000,000	1,710,000,000	1,640,000,000	1,672,000,000	1,681,000,000	1,618,000,000	1,645,000,000	1,529,000,000	1,401,000,000	1,366,000,000	1,451,000,000	2,036,000,000	1,959,000,000	1,723,000,000	1,693,000,000	1,378,000,000	1,416,000,000	1,481,000,000	1,502,000,000	1,789,000,000
total assets	84,668,000,000	83,142,000,000	81,943,000,000	83,617,000,000	81,057,000,000	80,906,000,000	79,197,000,000	76,469,000,000	77,347,000,000	76,560,000,000	75,494,000,000	75,111,000,000	77,071,000,000	79,144,000,000	81,626,000,000	81,608,000,000	80,005,000,000	80,236,000,000	79,464,000,000	78,439,000,000		82,243,000,000	82,499,000,000	82,277,000,000	80,449,000,000	78,316,000,000	78,725,000,000	80,732,000,000	80,786,000,000	79,527,000,000	79,101,000,000	77,114,000,000	78,508,000,000	79,183,000,000	77,224,000,000	77,532,000,000	78,015,000,000	78,623,000,000	78,529,000,000	82,894,000,000	81,803,000,000	79,510,000,000	80,614,000,000	77,328,000,000	77,240,000,000	76,305,000,000	76,069,000,000	75,967,000,000	76,821,000,000	75,855,000,000	71,630,000,000	69,667,000,000	73,417,000,000	74,782,000,000	76,892,000,000
liabilities and equity:
insurance reserves:
claim and claim adjustment expense	26,203,000,000	25,581,000,000		24,558,000,000	23,974,000,000	23,588,000,000		22,836,000,000	22,802,000,000	22,409,000,000		24,700,000,000	24,559,000,000	24,348,000,000		23,480,000,000	23,056,000,000	22,706,000,000	22,534,000,000	22,270,000,000			21,596,000,000	21,729,000,000	21,836,000,000	21,984,000,000	21,604,000,000	21,990,000,000	22,067,000,000	22,209,000,000	22,179,000,000	22,260,000,000	22,672,000,000	22,975,000,000	23,018,000,000	22,867,000,000	23,193,000,000	23,248,000,000	23,475,000,000	23,996,000,000	23,933,000,000	23,962,000,000	24,511,000,000	24,007,000,000	24,203,000,000	25,031,000,000	25,196,000,000	25,352,000,000	25,783,000,000	26,559,000,000	27,100,000,000	27,243,000,000	28,023,000,000	28,202,000,000	28,502,000,000
future policy benefits	13,329,000,000	13,304,000,000		14,047,000,000	13,211,000,000	13,513,000,000		12,654,000,000	13,666,000,000	13,976,000,000		10,454,000,000	10,926,000,000	11,938,000,000		13,285,000,000	12,772,000,000	13,318,000,000	12,978,000,000	12,596,000,000			12,305,000,000	11,537,000,000	11,078,000,000	10,597,000,000	10,605,000,000	10,667,000,000	10,783,000,000	11,040,000,000	10,824,000,000	10,491,000,000	11,219,000,000	11,140,000,000	10,500,000,000	9,520,000,000	9,360,000,000	9,747,000,000	8,890,000,000	8,696,000,000	8,254,000,000	10,681,000,000	11,469,000,000	10,352,000,000	9,959,000,000	9,258,000,000	9,021,000,000	8,842,000,000	8,372,000,000	8,090,000,000	7,746,000,000	7,634,000,000	7,442,000,000	7,326,000,000	7,209,000,000
unearned premiums	7,890,000,000	7,504,000,000		7,259,000,000	7,409,000,000	7,046,000,000		6,789,000,000	6,978,000,000	6,581,000,000		6,195,000,000	6,289,000,000	5,942,000,000		5,592,000,000	5,319,000,000	5,119,000,000	5,020,000,000	4,996,000,000			4,608,000,000	4,648,000,000	4,422,000,000	4,183,000,000	4,289,000,000	4,410,000,000	4,256,000,000	4,060,000,000	4,107,000,000	3,912,000,000	3,862,000,000	3,865,000,000	3,807,000,000	3,706,000,000	3,815,000,000	3,710,000,000	3,703,000,000	3,851,000,000	3,838,000,000	3,820,000,000	3,759,000,000	3,478,000,000	3,383,000,000	3,386,000,000	3,409,000,000	3,321,000,000	3,265,000,000	3,283,000,000	3,508,000,000	3,461,000,000	3,549,000,000	3,644,000,000	3,577,000,000
total insurance reserves	47,422,000,000	46,389,000,000		45,864,000,000	44,594,000,000	44,147,000,000		42,279,000,000	43,446,000,000	42,966,000,000		41,349,000,000	41,774,000,000	42,228,000,000		42,357,000,000	41,147,000,000	41,143,000,000	40,532,000,000	39,862,000,000			38,509,000,000	37,914,000,000	37,336,000,000	36,764,000,000	36,498,000,000	37,067,000,000	37,106,000,000	37,309,000,000	37,110,000,000	36,663,000,000	37,753,000,000	37,980,000,000	37,325,000,000	36,093,000,000	36,368,000,000	36,705,000,000	36,095,000,000	36,570,000,000	36,051,000,000	38,590,000,000	39,893,000,000	38,004,000,000	37,714,000,000	37,851,000,000	37,792,000,000	37,680,000,000	37,584,000,000	38,109,000,000	38,571,000,000	38,591,000,000	39,468,000,000	39,754,000,000	40,147,000,000
payable to brokers	374,000,000	206,000,000		269,000,000	130,000,000	202,000,000		444,000,000	191,000,000	220,000,000		359,000,000	320,000,000	396,000,000		654,000,000	310,000,000	92,000,000	466,000,000	985,000,000			242,000,000	576,000,000	307,000,000	42,000,000	217,000,000	311,000,000	280,000,000	324,000,000	478,000,000	302,000,000	451,000,000	1,310,000,000	630,000,000	733,000,000	741,000,000	926,000,000	663,000,000	815,000,000	882,000,000	326,000,000	738,000,000	395,000,000	920,000,000	567,000,000	558,000,000	419,000,000	968,000,000	662,000,000	930,000,000	869,000,000	1,593,000,000	1,971,000,000	881,000,000
short-term debt	1,005,000,000	505,000,000		713,000,000	1,013,000,000	1,678,000,000
long-term debt	7,942,000,000	8,441,000,000		8,821,000,000	8,558,000,000	8,425,000,000
deferred income taxes	633,000,000	613,000,000		697,000,000	502,000,000	500,000,000		258,000,000	257,000,000	251,000,000		245,000,000	350,000,000	715,000,000		1,083,000,000	924,000,000	1,065,000,000	913,000,000	875,000,000			1,141,000,000	1,227,000,000	1,084,000,000	841,000,000	911,000,000	879,000,000	734,000,000	905,000,000	852,000,000	785,000,000	735,000,000	604,000,000	540,000,000	796,000,000	773,000,000	930,000,000	1,030,000,000	996,000,000	898,000,000	831,000,000	895,000,000	952,000,000	937,000,000	802,000,000	638,000,000	125,000,000	557,000,000	869,000,000	2,189,000,000	3,145,000,000	1,466,000,000	1,026,000,000	1,445,000,000
deferred non-insurance warranty revenue	4,421,000,000	4,488,000,000		4,594,000,000	4,623,000,000	4,645,000,000		4,736,000,000	4,735,000,000	4,710,000,000		4,706,000,000	4,638,000,000	4,528,000,000		4,309,000,000	4,119,000,000	4,023,000,000	3,951,000,000	3,852,000,000			3,707,000,000	3,595,000,000	3,472,000,000	3,402,000,000
other liabilities	4,482,000,000	4,466,000,000		4,411,000,000	4,436,000,000	4,311,000,000		4,408,000,000	4,193,000,000	4,041,000,000		4,510,000,000	4,486,000,000	4,306,000,000		4,697,000,000	4,375,000,000	4,623,000,000	4,574,000,000	4,447,000,000			5,160,000,000	5,028,000,000	4,987,000,000	4,505,000,000	7,753,000,000	9,146,000,000	7,350,000,000	5,195,000,000	5,269,000,000	4,940,000,000	5,241,000,000	5,193,000,000	5,017,000,000	4,987,000,000	4,949,000,000	4,882,000,000	4,724,000,000	4,410,000,000	4,295,000,000	4,754,000,000	4,654,000,000	4,230,000,000	4,104,000,000	3,870,000,000	3,979,000,000	4,481,000,000	4,275,000,000	5,038,000,000	3,928,000,000	4,120,000,000	3,970,000,000	3,803,000,000	5,725,000,000
total liabilities	66,279,000,000	65,108,000,000		65,369,000,000	63,856,000,000	63,908,000,000		61,311,000,000	61,877,000,000	61,246,000,000		60,458,000,000	60,850,000,000	61,449,000,000		62,210,000,000	61,468,000,000	61,055,000,000	60,844,000,000	60,026,000,000			60,241,000,000	59,883,000,000	58,547,000,000	56,930,000,000	56,839,000,000	58,874,000,000	56,938,000,000	55,166,000,000	54,995,000,000	53,380,000,000	55,102,000,000	56,152,000,000	54,099,000,000	53,379,000,000	53,683,000,000	53,993,000,000	53,413,000,000	57,539,000,000	56,686,000,000	54,689,000,000	55,896,000,000	53,087,000,000	53,119,000,000	52,740,000,000	52,586,000,000	52,522,000,000	53,322,000,000	53,862,000,000	52,868,000,000	52,771,000,000	53,508,000,000	53,747,000,000	55,847,000,000
commitments and contingent liabilities
preferred stock, 0.10 par value:
authorized – 100,000,000 shares
common stock
authorized – 1,800,000,000 shares
issued – 215,049,854 and 214,912,595 shares	2,000,000
additional paid-in capital	2,467,000,000	2,451,000,000		2,562,000,000	2,556,000,000	2,547,000,000		2,764,000,000	2,728,000,000	2,716,000,000		2,886,000,000	2,869,000,000	2,859,000,000		3,121,000,000	3,119,000,000	3,133,000,000	3,379,000,000	3,371,000,000			3,620,000,000	3,612,000,000	3,607,000,000	3,627,000,000	3,813,000,000	3,809,000,000	3,142,000,000	3,181,000,000	3,178,000,000	3,168,000,000	3,207,000,000	3,197,000,000	3,177,000,000	3,490,000,000	3,483,000,000	3,477,000,000	3,613,000,000	3,608,000,000	3,604,000,000	3,648,000,000	3,589,000,000	3,543,000,000	3,538,000,000	3,658,000,000	3,653,000,000	3,671,000,000	3,758,000,000	3,745,000,000	3,894,000,000	3,896,000,000	3,288,000,000	3,280,000,000	3,973,000,000
retained earnings	17,198,000,000	16,821,000,000		16,802,000,000	16,415,000,000	16,060,000,000		15,877,000,000	15,637,000,000	15,293,000,000		15,377,000,000	15,261,000,000	15,097,000,000		15,132,000,000	14,394,000,000	14,150,000,000	14,437,000,000	14,316,000,000			16,427,000,000	16,374,000,000	16,144,000,000	15,773,000,000	16,790,000,000	16,532,000,000	16,321,000,000	15,811,000,000	15,677,000,000	15,466,000,000	15,031,000,000	14,724,000,000	14,812,000,000	15,906,000,000	15,747,000,000	15,600,000,000	15,817,000,000	15,633,000,000	15,541,000,000	15,911,000,000	15,410,000,000	15,263,000,000	15,232,000,000	15,282,000,000	15,145,000,000	14,919,000,000	14,433,000,000	14,085,000,000	13,122,000,000
accumulated other comprehensive loss	-1,502,000,000	-1,685,000,000		-1,738,000,000	-2,383,000,000	-2,401,000,000		-3,473,000,000	-3,160,000,000	-3,062,000,000															-390,000,000	-880,000,000	-758,000,000	-625,000,000	-417,000,000		-36,000,000	-149,000,000			-126,000,000															-75,000,000	-1,972,000,000
less treasury stock, at cost	-651,000,000	-398,000,000		-271,000,000	-206,000,000	-24,000,000		-722,000,000	-604,000,000	-498,000,000		-616,000,000	-386,000,000	-132,000,000		-500,000,000	-280,000,000	-7,000,000	-685,000,000	-491,000,000			-647,000,000	-478,000,000	-327,000,000	-5,000,000	-896,000,000	-808,000,000	-517,000,000	-6,000,000	-6,000,000		-115,000,000	-98,000,000	-33,000,000	-633,000,000	-305,000,000	-71,000,000	-415,000,000	-195,000,000	-24,000,000	-228,000,000	-102,000,000	51,000,000		-705,000,000	-430,000,000	-202,000,000	-353,000,000	-213,000,000	32,000,000
total shareholders’ equity	17,514,000,000	17,191,000,000		17,357,000,000	16,384,000,000	16,184,000,000		14,448,000,000	14,603,000,000	14,451,000,000		13,846,000,000	15,236,000,000	16,575,000,000		18,083,000,000	17,270,000,000	17,860,000,000	17,372,000,000	17,204,000,000			19,420,000,000	19,514,000,000	19,037,000,000	18,518,000,000	18,952,000,000	18,911,000,000	18,532,000,000	19,021,000,000	18,816,000,000	18,488,000,000	18,270,000,000	17,945,000,000	17,833,000,000	18,744,000,000	18,982,000,000	19,308,000,000	19,657,000,000	19,857,000,000	19,688,000,000	19,355,000,000	19,467,000,000	19,505,000,000	19,428,000,000	18,974,000,000	18,953,000,000	18,686,000,000	18,859,000,000	17,546,000,000	15,016,000,000	13,371,000,000	15,741,000,000	16,781,000,000	17,257,000,000
noncontrolling interests	875,000,000	843,000,000		891,000,000	817,000,000	814,000,000		710,000,000	867,000,000	863,000,000		807,000,000	985,000,000	1,120,000,000		1,315,000,000	1,267,000,000	1,321,000,000	1,248,000,000	1,209,000,000			2,838,000,000	2,880,000,000	2,865,000,000	2,868,000,000	2,934,000,000	2,947,000,000	5,316,000,000	5,340,000,000	5,290,000,000	5,246,000,000	5,136,000,000	5,086,000,000	5,292,000,000	5,409,000,000	5,350,000,000	5,322,000,000	5,459,000,000	5,498,000,000	5,429,000,000	5,466,000,000	5,251,000,000	4,736,000,000	4,693,000,000	4,591,000,000	4,530,000,000	4,759,000,000	4,640,000,000	4,447,000,000	3,746,000,000	3,525,000,000
total equity	18,389,000,000	18,034,000,000		18,248,000,000	17,201,000,000	16,998,000,000		15,158,000,000	15,470,000,000	15,314,000,000		14,653,000,000	16,221,000,000	17,695,000,000		19,398,000,000	18,537,000,000	19,181,000,000	18,620,000,000	18,413,000,000			22,258,000,000	22,394,000,000	21,902,000,000	21,386,000,000	21,886,000,000	21,858,000,000	23,848,000,000	24,361,000,000	24,106,000,000	23,734,000,000	23,406,000,000	23,031,000,000	23,125,000,000	24,153,000,000	24,332,000,000	24,630,000,000	25,116,000,000	25,355,000,000	25,117,000,000	24,821,000,000	24,718,000,000	24,241,000,000	24,121,000,000	23,565,000,000	23,483,000,000	23,445,000,000	23,499,000,000	21,993,000,000	18,762,000,000	16,896,000,000
total liabilities and equity	84,668,000,000	83,142,000,000		83,617,000,000	81,057,000,000	80,906,000,000		76,469,000,000	77,347,000,000	76,560,000,000		75,111,000,000	77,071,000,000	79,144,000,000		81,608,000,000	80,005,000,000	80,236,000,000	79,464,000,000	78,439,000,000			82,499,000,000	82,277,000,000	80,449,000,000	78,316,000,000	78,725,000,000	80,732,000,000	80,786,000,000	79,527,000,000	79,101,000,000	77,114,000,000	78,508,000,000	79,183,000,000	77,224,000,000	77,532,000,000	78,015,000,000	78,623,000,000	78,529,000,000	82,894,000,000	81,803,000,000	79,510,000,000	80,614,000,000	77,328,000,000	77,240,000,000	76,305,000,000	76,069,000,000	75,967,000,000	76,821,000,000	75,855,000,000	71,630,000,000	69,667,000,000
fixed maturities, amortized cost of 44,741 and 44,196, less allowance for credit loss of 47 and 45		42,723,000,000
equity securities, cost of 1,150 and 969		1,189,000,000
other invested assets, primarily mortgage loans, less allowance for credit loss of 35 and 35		1,155,000,000	1,113,000,000	1,095,000,000	1,067,000,000	1,117,000,000
issued – 215,027,306 and 214,912,595 shares		2,000,000
fixed maturities, amortized cost of 44,196 and 42,615, less allowance for credit loss of 45 and 16			41,827,000,000
equity securities, cost of 969 and 1,015			1,064,000,000
fixed maturities, amortized cost of 44,028 and 42,615, less allowance for credit loss of 18 and 16				43,055,000,000
equity securities, cost of 1,068 and 1,015				1,215,000,000
issued – 222,511,465 and 222,268,150 shares				2,000,000
fixed maturities, amortized cost of 43,469 and 42,615, less allowance for credit loss of 17 and 16					40,879,000,000
equity securities, cost of 1,076 and 1,015					1,117,000,000
issued – 222,456,544 and 222,268,150 shares					2,000,000
fixed maturities, amortized cost of 43,113 and 42,615, less allowance for credit loss of 20 and 16						40,840,000,000
equity securities, cost of 1,027 and 1,015						1,104,000,000
issued – 222,421,077 and 222,268,150 shares						2,000,000
fixed maturities, amortized cost of 42,615 and 41,102, less allowance for credit loss of 16 and 1							40,626,000,000
equity securities, cost of 1,015 and 1,161							1,050,000,000
other invested assets, primarily mortgage loans, less allowance for credit loss of 35 and 24							1,123,000,000	1,072,000,000
fixed maturities, amortized cost of 42,753 and 41,102, less allowance for credit loss of 18 and 1								38,243,000,000
equity securities, cost of 1,081 and 1,161								1,055,000,000
short term investments								3,969,000,000	4,478,000,000	4,079,000,000	4,854,000,000	4,125,000,000	4,291,000,000	4,655,000,000	4,860,000,000	4,802,000,000	4,282,000,000	4,674,000,000	4,553,000,000	4,515,000,000		4,628,000,000	4,574,000,000	4,689,000,000	4,487,000,000	3,869,000,000	3,794,000,000	4,437,000,000	4,367,000,000	4,991,000,000	4,932,000,000	5,013,000,000	4,893,000,000	5,334,000,000	5,275,000,000	5,082,000,000	5,856,000,000	6,359,000,000	6,726,000,000	7,276,000,000	7,586,000,000	6,180,000,000	5,901,000,000	5,595,000,000	5,558,000,000	5,848,000,000	5,692,000,000	6,026,000,000	6,099,000,000	6,187,000,000	6,454,000,000	7,563,000,000	8,673,000,000	9,736,000,000	10,893,000,000
short term debt								1,261,000,000	961,000,000	908,000,000		814,000,000	839,000,000	393,000,000		122,000,000	141,000,000	37,000,000	35,000,000	47,000,000			87,000,000	87,000,000	132,000,000	17,000,000	149,000,000	181,000,000	213,000,000	194,000,000	192,000,000	156,000,000	185,000,000	330,000,000	3,000,000	1,278,000,000	1,061,000,000	687,000,000	850,000,000	974,000,000	854,000,000	270,000,000	19,000,000	88,000,000	88,000,000	1,206,000,000	6,000,000	197,000,000	647,000,000	62,000,000	23,000,000	18,000,000	273,000,000	258,000,000	262,000,000
long term debt								7,925,000,000	8,094,000,000	8,150,000,000		8,475,000,000	8,443,000,000	8,883,000,000		8,988,000,000	8,996,000,000	10,072,000,000	10,373,000,000	9,958,000,000			11,395,000,000	11,456,000,000	11,229,000,000	11,359,000,000	11,311,000,000	11,290,000,000	11,255,000,000	11,239,000,000	11,094,000,000	10,534,000,000	10,737,000,000	10,735,000,000	10,584,000,000	9,492,000,000	9,791,000,000	9,863,000,000	10,051,000,000	9,828,000,000	10,456,000,000	9,705,000,000	9,418,000,000	9,048,000,000	8,954,000,000	8,026,000,000	9,163,000,000	9,296,000,000	8,829,000,000	9,549,000,000	8,647,000,000	8,402,000,000	7,401,000,000	7,137,000,000	7,093,000,000
issued – 236,321,095 and 236,159,866 shares								2,000,000
fixed maturities, amortized cost of 42,037 and 41,102, less allowance for credit loss of 22 and 1									38,926,000,000
equity securities, cost of 1,063 and 1,161									1,051,000,000
other invested assets, primarily mortgage loans, less allowance for credit loss of 30 and 24									1,088,000,000
issued – 236,305,517 and 236,159,866 shares									2,000,000
fixed maturities, amortized cost of 41,899 and 41,102, less allowance for credit loss of 2 and 1										39,349,000,000
equity securities, cost of 1,082 and 1,161										1,057,000,000
other invested assets, primarily mortgage loans, less allowance for credit loss of 24 and 24										1,093,000,000
issued – 236,270,711 and 236,159,866 shares										2,000,000
fixed maturities, amortized cost of 41,102 and 39,952, less allowance for credit loss of 1 and 18											37,697,000,000
equity securities, cost of 1,161 and 1,546											1,139,000,000
other invested assets, primarily mortgage loans, less allowance for credit loss of 24 and 16											1,124,000,000	1,053,000,000
fixed maturities, amortized cost of 41,588 and 39,952, less allowance for credit loss of 3 and 18												37,504,000,000
equity securities, cost of 1,581 and 1,546												1,340,000,000
issued – 248,665,240 and 248,467,051 shares												2,000,000
accumulated other comprehensive income												-3,803,000,000	-2,510,000,000	-1,251,000,000		327,000,000	34,000,000	581,000,000	238,000,000	5,000,000			17,000,000	3,000,000						32,000,000			144,000,000	119,000,000		-23,000,000	53,000,000	298,000,000	638,000,000	807,000,000	563,000,000	20,000,000	566,000,000	746,000,000	654,000,000	735,000,000	581,000,000	294,000,000	1,017,000,000			-3,229,000,000	-1,974,000,000	-1,101,000,000	-983,000,000
fixed maturities, amortized cost of 41,261 and 39,952, less allowance for credit loss of 5 and 18													39,431,000,000
equity securities, cost of 1,545 and 1,546													1,364,000,000
other invested assets, primarily mortgage loans, less allowance for credit loss of 16 and 16													1,048,000,000	1,070,000,000
issued – 248,622,439 and 248,467,051 shares													2,000,000
fixed maturities, amortized cost of 40,928 and 39,952, less allowance for credit loss of 17 and 18														41,945,000,000
equity securities, cost of 1,496 and 1,546														1,515,000,000
issued – 248,596,343 and 248,467,051 shares														2,000,000
fixed maturities, amortized cost of 39,952 and 38,963, less allowance for credit loss of 18 and 40															44,380,000,000
equity securities, cost of 1,546 and 1,456															1,674,000,000
other invested assets, primarily mortgage loans, less allowance for credit loss of 16 and 26															1,091,000,000
fixed maturities, amortized cost of 39,826 and 38,963, less allowance for credit loss of 45 and 40																44,910,000,000
equity securities, cost of 1,496 and 1,456																1,663,000,000
other invested assets, primarily mortgage loans, less allowance for credit loss of 26 and 26																1,101,000,000	1,144,000,000
issued – 269,514,991 and 269,360,973 shares																3,000,000
fixed maturities, amortized cost of 39,293 and 38,963, less allowance for credit loss of 43 and 40																	43,584,000,000
equity securities, cost of 1,455 and 1,456																	1,580,000,000
assets held for sale																	1,786,000,000																								3,486,000,000
liabilities held for sale																	1,456,000,000																								3,250,000,000
issued – 269,472,042 and 269,360,973 shares																	3,000,000
fixed maturities, amortized cost of 38,963 and 38,157, less allowance for credit loss of 40 and 0																		44,646,000,000
equity securities, cost of 1,456 and 1,244																		1,561,000,000
other invested assets, primarily mortgage loans, less allowance for credit loss of 26 and 0																		1,165,000,000
december 31																		2,020,000,000								2,018,000,000
shareholders’ equity:
issued – 269,360,973 and 291,210,222 shares																		3,000,000
fixed maturities, amortized cost of 38,979 and 38,157, less allowance for credit loss of 47 and 0																			43,917,000,000
equity securities, cost of 1,391 and 1,244																			1,368,000,000
other invested assets, primarily mortgage loans, less allowance for credit loss of 21 and 0																			1,176,000,000
issued – 291,393,899 and 291,210,222 shares																			3,000,000	3,000,000
fixed maturities, amortized cost of 38,414 and 38,157, less allowance for credit loss of 51 and 0																				42,799,000,000
equity securities, cost of 1,349 and 1,244																				1,305,000,000
other invested assets, primarily mortgage loans, less allowance for credit loss of 20 and 0																				1,125,000,000
three months ended march 31,
fixed maturity securities
equity securities
derivative instruments
short term investments and other
investment gains
march 31, 2020
allowance for credit losses:
balance as of december 31, 2019
additions to the allowance for credit losses:
impact of adopting asu 2016-13
for securities for which credit losses were not previously recorded
for available-for-sale securities accounted for as pcd assets
reductions to the allowance for credit losses:
securities sold during the period
intent to sell or more likely than not will be required to sell the security before recovery of its amortized cost basis
total allowance for credit losses
fixed maturity securities available-for-sale:
corporate and other bonds
asset-backed
impairment losses recognized in earnings
fixed maturities, amortized cost of 38,157 and 38,234																						42,240,000,000
equity securities, cost of 1,244 and 1,479																						1,306,000,000
other invested assets, primarily mortgage loans																						1,072,000,000	995,000,000	985,000,000	933,000,000	901,000,000	983,000,000	976,000,000	974,000,000	825,000,000	748,000,000	708,000,000	719,000,000	696,000,000	822,000,000	787,000,000	768,000,000	732,000,000				496,000,000	473,000,000	350,000,000	292,000,000
fixed maturities, amortized cost of 38,287 and 38,234																							42,489,000,000
equity securities, cost of 1,315 and 1,479																							1,317,000,000
issued – 312,550,764 and 312,169,189 shares																							3,000,000
fixed maturities, amortized cost of 38,045 and 38,234																								41,663,000,000
equity securities, cost of 1,385 and 1,479																								1,367,000,000
issued – 312,528,502 and 312,169,189 shares																								3,000,000
fixed maturities, amortized cost of 37,985 and 38,234																									40,602,000,000
equity securities, cost of 1,376 and 1,479																									1,326,000,000
issued – 312,435,202 and 312,169,189 shares																									3,000,000
fixed maturities, amortized cost of 38,234 and 38,861																										39,699,000,000
equity securities, cost of 1,479 and 1,177																										1,293,000,000
issued – 312,169,189 and 332,487,815 shares																										3,000,000
fixed maturities, amortized cost of 38,237 and 38,861																											39,819,000,000
equity securities, cost of 1,306 and 1,177																											1,267,000,000
issued – 332,739,088 and 332,487,815 shares																											3,000,000
fixed maturities, amortized cost of 38,568 and 38,861																												40,441,000,000
equity securities, cost of 1,320 and 1,177																												1,305,000,000
issued – 332,684,645 and 332,487,815 shares																												3,000,000
fixed maturities, amortized cost of 38,830 and 38,861																													41,100,000,000
equity securities, cost of 1,326 and 1,177																													1,333,000,000
issued – 332,646,800 and 332,487,815 shares																													3,000,000
fixed maturities, amortized cost of 39,230 and 38,947																														42,507,000,000
equity securities, cost of 592 and 571																														610,000,000
issued – 336,753,017 and 336,621,358 shares																														3,000,000
fixed maturities, amortized cost of 38,982 and 38,947																															42,065,000,000
equity securities, cost of 603 and 571																															607,000,000
issued – 336,724,742 and 336,621,358 shares																															3,000,000
fixed maturities, amortized cost of 38,743 and 38,947																																41,456,000,000
equity securities, cost of 578 and 571																																587,000,000
issued – 336,699,587 and 336,621,358 shares																																3,000,000
fixed maturities, amortized cost of 38,810 and 37,407																																	42,894,000,000
equity securities, cost of 581 and 824																																	586,000,000
issued – 339,951,927 and 339,897,547 shares																																	3,000,000
fixed maturities, amortized cost of 38,285 and 37,407																																		42,307,000,000
equity securities, cost of 642 and 824																																		667,000,000
issued – 339,941,534 and 339,897,547 shares																																		3,000,000
fixed maturities, amortized cost of 37,507 and 37,407																																			40,475,000,000
equity securities, cost of 817 and 824																																			777,000,000
issued – 339,933,179 and 339,897,547 shares																																			3,000,000
fixed maturities, amortized cost of 37,690 and 37,469																																				40,301,000,000
equity securities, cost of 978 and 733																																				885,000,000
policyholders’ funds																																							27,000,000	27,000,000	26,000,000	127,000,000	154,000,000	167,000,000	169,000,000	176,000,000	166,000,000	165,000,000	164,000,000	177,000,000	217,000,000	253,000,000	454,000,000	582,000,000	859,000,000
issued – 373,211,389 and 372,934,540 shares																																				4,000,000
fixed maturities, amortized cost of 37,321 and 37,469																																					39,954,000,000
equity securities, cost of 783 and 733																																					756,000,000
issued – 373,203,709 and 372,934,540 shares																																					4,000,000
fixed maturities, amortized cost of 36,997 and 37,469																																						40,708,000,000
equity securities, cost of 672 and 733																																						644,000,000
issued – 373,194,344 and 372,934,540 shares																																						4,000,000
fixed maturities, amortized cost of 37,631 and 39,426																																							40,804,000,000
equity securities, cost of 765 and 881																																							754,000,000
other invested assets																																							702,000,000	665,000,000	649,000,000					220,000,000	213,000,000	133,000,000	98,000,000
assets of discontinued operations																																								4,406,000,000													1,000,000	6,000,000
separate account business																																										213,000,000	279,000,000	370,000,000	402,000,000	418,000,000	450,000,000	449,000,000	462,000,000	442,000,000	413,000,000	376,000,000	430,000,000	451,000,000	465,000,000
liabilities of discontinued operations																																								3,946,000,000
issued – 387,493,404 and 387,210,096 shares																																							4,000,000
fixed maturities, amortized cost of 37,346 and 39,426																																								40,585,000,000
equity securities, cost of 825 and 881																																								864,000,000
issued – 387,476,248 and 387,210,096 shares																																								4,000,000
fixed maturities, amortized cost of 37,031 and 39,426																																									39,511,000,000
equity securities, cost of 813 and 881																																									805,000,000
issued – 387,454,185 and 387,210,096 shares																																									4,000,000
fixed maturities, amortized cost of 39,261 and 38,324																																										41,376,000,000
equity securities, cost of 862 and 893																																										841,000,000
issued – 392,351,798 and 392,054,766 shares																																										4,000,000
fixed maturities, amortized cost of 38,668 and 38,324																																											42,912,000,000
equity securities, cost of 709 and 893																																											691,000,000
issued – 392,242,941 and 392,054,766 shares																																											4,000,000
fixed maturities, amortized cost of 38,041 and 37,466																																												41,498,000,000
equity securities, cost of 899 and 902																																												889,000,000
issued – 396,879,276 and 396,585,226 shares																																												4,000,000
fixed maturities, amortized cost of 38,171 and 37,466																																													41,173,000,000
equity securities, cost of 962 and 902																																													1,026,000,000
issued–396,834,820 and 396,585,226 shares																																													4,000,000
fixed maturities, amortized cost of 37,144 and 36,677																																														39,680,000,000
equity securities, cost of 935 and 979																																														924,000,000
issued – 415,156,538 and 414,930,507 shares																																														4,000,000
fixed maturities, amortized cost of 37,096 and 36,677																																															38,853,000,000
equity securities, cost of 908 and 979																																															996,000,000
issued – 415,152,938 and 414,930,507 shares																																															4,000,000
fixed maturities, amortized cost of 37,188 and 36,677																																																38,423,000,000
equity securities, cost of 905 and 979																																																1,025,000,000
issued – 415,136,329 and 414,930,507 shares																																																4,000,000
fixed maturities, amortized cost of 36,668 and 35,824																																																	38,919,000,000
equity securities, cost of 937 and 943																																																	1,078,000,000
issued – 425,805,625 and 425,497,522 shares																																																	4,000,000
fixed maturities, amortized cost of 37,591 and 35,824																																																		38,104,000,000
equity securities, cost of 938 and 943																																																		1,047,000,000
issued – 425,547,829 and 425,497,522 shares																																																		4,000,000
fixed maturities, amortized cost of 34,638 and 34,767																																																			31,826,000,000
equity securities, cost of 958 and 1,402																																																			1,053,000,000
other investments																																																			5,000,000	4,000,000	149,000,000	18,000,000	10,000,000
collateral on loaned securities and derivatives																																																			6,000,000	51,000,000
reinsurance balances payable																																																			350,000,000	344,000,000	367,000,000	373,000,000	396,000,000
issued – 435,213,891 and 435,091,667 shares																																																			4,000,000
fixed maturities, amortized cost of 33,523 and 34,767																																																				28,755,000,000
equity securities, cost of 1,083 and 1,402																																																				1,001,000,000
goodwill and other intangible assets																																																				875,000,000	1,358,000,000	1,357,000,000	1,354,000,000
issued and outstanding – 435,159,670 and 435,091,667 shares																																																				4,000,000
earnings retained in the business																																																				12,700,000,000	14,435,000,000	14,598,000,000	14,269,000,000
fixed maturities, amortized cost of 33,003 and 34,816																																																					29,733,000,000
equity securities, cost of 1,776 and 1,143																																																					1,516,000,000
liabilities and shareholders’ equity:
collateral on loaned securities																																																					6,000,000		878,000,000
minority interest																																																					4,168,000,000	4,254,000,000	3,788,000,000
preferred stock, 0.10 par value,
common stock:
loews common stock, 0.01 par value:
issued – 436,402,567 and 529,683,628 shares																																																					4,000,000
former carolina group stock
less treasury stock, at cost (314,000 shares of loews common stock at
september 30, 2008 and 340,000 shares of former carolina group stock at
december 31, 2007)																																																					12,000,000
total liabilities and shareholders’ equity																																																					73,417,000,000	74,782,000,000	76,892,000,000
fixed maturities, amortized cost of 32,422 and 34,816																																																						30,980,000,000
equity securities, cost of 2,267 and 1,143																																																						2,196,000,000
issued and outstanding – 436,267,871 and 529,683,628 shares																																																						4,000,000
fixed maturities, amortized cost of 34,374 and 34,816																																																							32,907,000,000
equity securities, cost of 1,124 and 1,143																																																							1,272,000,000
issued and outstanding – 529,702,152 and 529,683,628 shares																																																							5,000,000
carolina group stock, 0.01 par value:
authorized – 600,000,000 shares
issued – 108,816,929 and 108,799,141 shares																																																							1,000,000
less treasury stock, at cost (340,000 shares of carolina group stock as of march 31, 2008
and december 31, 2007)																																																							8,000,000

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The information provided in this report about Loews stock is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.