7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 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 2021-09-30 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 2015-06-30 2015-03-31 2014-09-30 2013-03-31 2012-06-30 2012-03-31 2011-09-30 2011-06-30 2011-03-31 2010-03-31 
      
    		                                               
      operating activities:
    		                                               
      net income
    		536,000,000 416,000,000 392,000,000 189,000,000 425,000,000 395,000,000 485,000,000 477,000,000 276,000,000 388,000,000 404,000,000 388,000,000 143,000,000 202,000,000 370,000,000 371,000,000 246,000,000 793,000,000 293,000,000 437,000,000 162,000,000 -846,000,000 -1,044,000,000 211,000,000 39,000,000 225,000,000 396,000,000 -211,000,000 289,000,000 248,000,000 380,000,000 212,000,000 278,000,000 391,000,000 393,000,000 -288,000,000 199,000,000 247,000,000 49,000,000 269,000,000 398,000,000 198,000,000 519,000,000 315,000,000 407,000,000 565,000,000 623,000,000 
      adjustments to reconcile net income to net cash from operating activities
    		210,000,000 181,000,000 180,000,000  175,000,000 75,000,000 175,000,000  219,000,000 96,000,000 204,000,000  274,000,000 172,000,000 333,000,000    257,000,000                         532,000,000 280,000,000 165,000,000 175,000,000 
      changes in operating assets and liabilities, net:
    		                                               
      receivables
    		330,000,000 -427,000,000 -246,000,000 -539,000,000 209,000,000 -486,000,000 -113,000,000 -197,000,000 385,000,000 -461,000,000 5,000,000 131,000,000 187,000,000 -606,000,000 -28,000,000 -294,000,000 -28,000,000 -351,000,000 -736,000,000 -152,000,000 301,000,000 -308,000,000 -266,000,000 -65,000,000 258,000,000 -94,000,000 15,000,000 -149,000,000 525,000,000 -360,000,000 -147,000,000 242,000,000 -274,000,000 51,000,000 264,000,000 -154,000,000 -275,000,000 -90,000,000 -153,000,000 713,000,000 -68,000,000 115,000,000 142,000,000     
      deferred acquisition costs
    		33,000,000 -12,000,000 -37,000,000 -24,000,000 10,000,000 -21,000,000 -34,000,000 -11,000,000 0 -29,000,000 -45,000,000 -13,000,000 -3,000,000 -32,000,000 -31,000,000 -15,000,000 -3,000,000 20,000,000 -32,000,000 -7,000,000 5,000,000 -14,000,000 -27,000,000 11,000,000 10,000,000 -18,000,000 -29,000,000 18,000,000 19,000,000 -14,000,000 -29,000,000 7,000,000 -17,000,000 -24,000,000 1,000,000 -2,000,000 -23,000,000 5,000,000 -13,000,000 24,000,000 -40,000,000 -2,000,000 -15,000,000 -1,000,000 -8,000,000 -19,000,000  
      insurance reserves
    		108,000,000 758,000,000 656,000,000 806,000,000 304,000,000 812,000,000 443,000,000 483,000,000 19,000,000 733,000,000 432,000,000 48,000,000 367,000,000 887,000,000 489,000,000 572,000,000 518,000,000 768,000,000 605,000,000 202,000,000 298,000,000 671,000,000 510,000,000 21,000,000 134,000,000 146,000,000 57,000,000 374,000,000 -455,000,000 252,000,000 311,000,000 -14,000,000 127,000,000 135,000,000 -202,000,000 155,000,000 511,000,000 147,000,000 304,000,000 -456,000,000 79,000,000 22,000,000 99,000,000 -98,000,000 48,000,000 45,000,000 -135,000,000 
      other assets
    		132,000,000 -54,000,000 -92,000,000 543,000,000 46,000,000 -58,000,000 -114,000,000 64,000,000 21,000,000 -88,000,000 -85,000,000 95,000,000 -126,000,000 -226,000,000 -134,000,000 -93,000,000 -133,000,000 -470,000,000 -250,000,000 -102,000,000 -131,000,000 -164,000,000 -116,000,000 30,000,000 -90,000,000 -153,000,000 -143,000,000 67,000,000 -18,000,000 -95,000,000 -56,000,000 23,000,000 -68,000,000 -40,000,000 7,000,000 -67,000,000 -20,000,000 -45,000,000 -57,000,000 51,000,000 -3,000,000 -75,000,000 -6,000,000     
      other liabilities
    		-242,000,000 -19,000,000 27,000,000 -63,000,000 -29,000,000 120,000,000 -37,000,000 -146,000,000 190,000,000 99,000,000 -238,000,000 -24,000,000 74,000,000 289,000,000 -202,000,000 196,000,000 103,000,000 472,000,000 126,000,000 18,000,000 284,000,000 242,000,000 -288,000,000 -122,000,000 242,000,000 177,000,000 -104,000,000 -27,000,000 40,000,000 100,000,000 -215,000,000 -37,000,000 186,000,000 -265,000,000 115,000,000 181,000,000 -287,000,000 107,000,000 -227,000,000 -46,000,000 -101,000,000 100,000,000 -187,000,000 -73,000,000 21,000,000 -297,000,000 -42,000,000 
      trading securities
    		-187,000,000 163,000,000 -144,000,000 3,000,000 -206,000,000 115,000,000 -607,000,000 -328,000,000 167,000,000 696,000,000 42,000,000 -134,000,000 330,000,000 337,000,000 -374,000,000 131,000,000 328,000,000 -379,000,000 -129,000,000 -90,000,000 -141,000,000 -537,000,000 197,000,000 50,000,000 61,000,000 -125,000,000 -480,000,000 203,000,000 217,000,000 1,198,000,000 84,000,000 -199,000,000 704,000,000 -567,000,000 80,000,000 -7,000,000 -541,000,000 381,000,000 -371,000,000 -30,000,000 8,000,000 17,000,000 -494,000,000 290,000,000 -1,043,000,000 522,000,000 -584,000,000 
      net cash flow provided by operating activities
    		920,000,000 1,006,000,000 736,000,000 941,000,000 934,000,000 952,000,000 198,000,000 477,000,000 1,277,000,000 1,434,000,000 719,000,000 622,000,000 1,246,000,000 1,023,000,000 423,000,000 947,000,000 1,133,000,000 409,000,000 134,000,000 454,000,000 851,000,000 111,000,000 329,000,000 470,000,000 797,000,000 393,000,000 81,000,000                     
      capex
    		-156,000,000 -134,000,000 -98,000,000 -174,000,000 -140,000,000 -159,000,000 -159,000,000 -223,000,000 -164,000,000 -140,000,000 -159,000,000 -223,000,000 -125,000,000 -191,000,000 -121,000,000 -155,000,000 -144,000,000 -96,000,000 -87,000,000 -126,000,000 -144,000,000 -207,000,000 -233,000,000 -298,000,000 -238,000,000 -282,000,000 -223,000,000                     
      free cash flows
    		764,000,000 872,000,000 638,000,000 767,000,000 794,000,000 793,000,000 39,000,000 254,000,000 1,113,000,000 1,294,000,000 560,000,000 399,000,000 1,121,000,000 832,000,000 302,000,000 792,000,000 989,000,000 313,000,000 47,000,000 328,000,000 707,000,000 -96,000,000 96,000,000 172,000,000 559,000,000 111,000,000 -142,000,000                     
      investing activities:
    		                                               
      purchases of fixed maturities
    		-2,296,000,000 -1,981,000,000 -1,775,000,000 -1,388,000,000 -1,627,000,000 -1,717,000,000 -1,621,000,000 -1,157,000,000 -1,953,000,000 -1,248,000,000 -2,258,000,000 -1,053,000,000 -2,517,000,000 -3,704,000,000 -2,547,000,000 -2,180,000,000 -2,512,000,000 -2,412,000,000 -2,203,000,000 -1,803,000,000 -3,110,000,000 -3,538,000,000 -1,818,000,000 -1,608,000,000 -2,157,000,000 -2,449,000,000 -2,447,000,000 -2,541,000,000 -2,636,000,000 -2,918,000,000 -2,690,000,000 -2,037,000,000 -2,743,000,000 -2,097,000,000 -2,598,000,000 -2,636,000,000 -2,238,000,000 -3,110,000,000 -1,919,000,000 -2,536,000,000 -2,720,000,000 -2,327,000,000 -2,842,000,000 -2,654,000,000 -2,720,000,000 -3,480,000,000 -5,351,000,000 
      proceeds from sales of fixed maturities
    		935,000,000 854,000,000 643,000,000 458,000,000 724,000,000 875,000,000 736,000,000 745,000,000 999,000,000 871,000,000 1,414,000,000 1,024,000,000 1,592,000,000 2,490,000,000 803,000,000 1,306,000,000 664,000,000 939,000,000 907,000,000 881,000,000 1,250,000,000 2,950,000,000 823,000,000 970,000,000 1,014,000,000 1,599,000,000 2,259,000,000 1,786,000,000 1,841,000,000 2,205,000,000 2,576,000,000 1,025,000,000 1,783,000,000 1,359,000,000 1,169,000,000 1,348,000,000 1,722,000,000 1,715,000,000 1,144,000,000 1,086,000,000 1,409,000,000 1,374,000,000 1,929,000,000 1,788,000,000 2,231,000,000 1,893,000,000 2,737,000,000 
      proceeds from maturities of fixed maturities
    		954,000,000 799,000,000 814,000,000 641,000,000 646,000,000 602,000,000 507,000,000 374,000,000 347,000,000 296,000,000 317,000,000 263,000,000 380,000,000 799,000,000 916,000,000 1,104,000,000 1,256,000,000 1,020,000,000 1,084,000,000 1,054,000,000 1,084,000,000 823,000,000 799,000,000 881,000,000 742,000,000 798,000,000 576,000,000 532,000,000 532,000,000 775,000,000 531,000,000 865,000,000 947,000,000 823,000,000 1,016,000,000 757,000,000 490,000,000 1,160,000,000 1,144,000,000 947,000,000 866,000,000 883,000,000 683,000,000 609,000,000 860,000,000 965,000,000 846,000,000 
      purchases of equity securities
    		-133,000,000 -172,000,000 -124,000,000 -112,000,000 -86,000,000 -77,000,000 -169,000,000 -93,000,000 -74,000,000 -44,000,000 -82,000,000 -49,000,000 -50,000,000 -120,000,000 -75,000,000 -62,000,000 -61,000,000 -100,000,000 -81,000,000                   -25,000,000 -5,000,000 -33,000,000 -12,000,000 -15,000,000 -12,000,000 -7,000,000 -10,000,000 -34,000,000 -42,000,000 
      proceeds from sales of equity securities
    		135,000,000 157,000,000 104,000,000 135,000,000 100,000,000 102,000,000 186,000,000 125,000,000 71,000,000 59,000,000 62,000,000 279,000,000 37,000,000 116,000,000 77,000,000 79,000,000 44,000,000 74,000,000 119,000,000                   31,000,000 2,000,000 9,000,000 51,000,000 42,000,000 19,000,000 18,000,000 25,000,000 128,000,000 25,000,000 
      purchases of limited partnership investments
    		-60,000,000 -202,000,000 -78,000,000 -100,000,000 -95,000,000 -63,000,000 -77,000,000 -80,000,000 -77,000,000 -129,000,000 -116,000,000 -72,000,000 -97,000,000 -83,000,000 -85,000,000 -159,000,000 -112,000,000 -108,000,000 -61,000,000 -80,000,000 -54,000,000 -58,000,000 -32,000,000 -31,000,000 -28,000,000 -25,000,000 -114,000,000 -39,000,000 -308,000,000 -10,000,000 -63,000,000 -38,000,000 -29,000,000 -18,000,000 -44,000,000 -110,000,000 -170,000,000 -44,000,000 -34,000,000 -109,000,000 -41,000,000       
      proceeds from sales of limited partnership investments
    		38,000,000 26,000,000 25,000,000 52,000,000 16,000,000 17,000,000 13,000,000 26,000,000 73,000,000 57,000,000 75,000,000 15,000,000 22,000,000 21,000,000 113,000,000 68,000,000 54,000,000 136,000,000 49,000,000 93,000,000 46,000,000 55,000,000 204,000,000 62,000,000 121,000,000 222,000,000 337,000,000 88,000,000 288,000,000 25,000,000 69,000,000 60,000,000 57,000,000 62,000,000 83,000,000 35,000,000 89,000,000 65,000,000 20,000,000 15,000,000 58,000,000       
      purchases of property, plant and equipment
    		-156,000,000 -134,000,000 -98,000,000 -174,000,000 -140,000,000 -159,000,000 -159,000,000 -223,000,000 -164,000,000 -140,000,000 -159,000,000 -223,000,000 -125,000,000 -191,000,000 -121,000,000 -155,000,000 -144,000,000 -96,000,000 -87,000,000 -126,000,000 -144,000,000 -207,000,000 -233,000,000 -298,000,000 -238,000,000 -282,000,000 -223,000,000 -264,000,000 -251,000,000 -250,000,000 -230,000,000 -259,000,000 -265,000,000 -211,000,000 -290,000,000 -682,000,000 -292,000,000 -774,000,000 -453,000,000 -443,000,000 -602,000,000 -292,000,000 -238,000,000 -202,000,000 -150,000,000 -150,000,000 -212,000,000 
      dispositions
    		   0 0 0 23,000,000     0    28,000,000 0   18,000,000 36,000,000   3,000,000 1,000,000   3,000,000 108,000,000 0 2,000,000 -1,000,000 67,000,000 2,000,000 3,000,000 54,000,000 220,000,000 15,000,000 5,000,000 1,000,000,000 5,000,000 110,000,000 41,000,000     
      change in short-term investments
    		-611,000,000 -167,000,000 330,000,000 553,000,000 -245,000,000 117,000,000 -455,000,000                                         
      other
    		-11,000,000 11,000,000 -45,000,000 -24,000,000 -33,000,000 53,000,000 -10,000,000 -16,000,000 -42,000,000 -86,000,000 -34,000,000 -157,000,000 -1,000,000 30,000,000 36,000,000 74,000,000 -26,000,000 29,000,000 10,000,000 91,000,000 -71,000,000 6,000,000 -153,000,000 -83,000,000 -2,000,000 -32,000,000 -61,000,000 -56,000,000 -28,000,000 -31,000,000 -114,000,000 -96,000,000 -27,000,000 -13,000,000 -24,000,000 142,000,000 6,000,000 -83,000,000 -7,000,000 -69,000,000 -22,000,000 5,000,000 12,000,000 122,000,000 17,000,000 10,000,000 8,000,000 
      net cash flow used by investing activities
    		-1,204,000,000 -809,000,000 -204,000,000 41,000,000 -740,000,000 -250,000,000 -1,026,000,000 -492,000,000 -786,000,000 -1,333,000,000 -134,000,000 -568,000,000    -763,000,000    -306,000,000    -187,000,000                        
      financing activities:
    		                                               
      dividends paid
    		-13,000,000 -13,000,000 -13,000,000  -14,000,000 -14,000,000 -14,000,000  -14,000,000 -14,000,000 -15,000,000  -15,000,000 -15,000,000 -16,000,000  -16,000,000 -16,000,000 -17,000,000 -17,000,000 -17,000,000 -18,000,000 -18,000,000 -19,000,000 -19,000,000 -19,000,000 -19,000,000 -20,000,000 -20,000,000 -20,000,000 -20,000,000 -21,000,000 -21,000,000 -21,000,000 -21,000,000 -21,000,000 -21,000,000 -23,000,000 -23,000,000 -24,000,000 -24,000,000 -25,000,000 -25,000,000 -25,000,000 -25,000,000 -26,000,000 -26,000,000 
      dividends paid to noncontrolling interests
    		-11,000,000 -10,000,000 -55,000,000  -10,000,000 -9,000,000 -56,000,000  -10,000,000 -11,000,000 -44,000,000  -8,000,000 -11,000,000 -68,000,000  -11,000,000 -11,000,000 -32,000,000 -11,000,000 -10,000,000 -9,000,000 -69,000,000 -10,000,000 -10,000,000 -10,000,000 -68,000,000 -11,000,000 -10,000,000 -22,000,000 -78,000,000 -21,000,000 -20,000,000 -76,000,000 -20,000,000 -19,000,000 -75,000,000 -28,000,000 -82,000,000 -77,000,000 -122,000,000 -108,000,000 -108,000,000 -101,000,000 -98,000,000 -98,000,000 -166,000,000 
      purchases of loews corporation treasury stock
    		-55,000,000 -257,000,000 -394,000,000  -59,000,000 -179,000,000 -24,000,000  -116,000,000 -131,000,000 -462,000,000  -231,000,000 -248,000,000 -132,000,000  -341,000,000 -204,000,000 -280,000,000 -245,000,000 -187,000,000 -33,000,000 -458,000,000                         
      purchases of subsidiary stock from noncontrolling interests
    		0 0 -34,000,000  0    -177,000,000 -2,000,000 -24,000,000  -45,000,000 0 -21,000,000  0 -15,000,000 -3,000,000 0 0 -19,000,000 -18,000,000 -5,000,000 -2,000,000 -2,000,000 -14,000,000        0   0 -24,000,000 0        
      principal payments on debt
    		-1,000,000 -2,000,000 -1,000,000  -1,000,000 -561,000,000 -201,000,000  -1,000,000 -501,000,000 -1,000,000  -26,000,000 -1,000,000 -300,000,000  -8,000,000 -73,000,000 -1,073,000,000 -569,000,000 -692,000,000 -242,000,000 -223,000,000 -160,000,000 -402,000,000 -1,184,000,000 -210,000,000 -263,000,000 -175,000,000 -302,000,000 -303,000,000 -1,341,000,000 -132,000,000 -776,000,000 -530,000,000 -543,000,000 -1,809,000,000 -570,000,000 -759,000,000 -919,000,000 -196,000,000 -915,000,000 -331,000,000 -197,000,000 -520,000,000 -913,000,000  
      issuance of debt
    		    -39,000,000 24,000,000 1,299,000,000  130,000,000 426,000,000 37,000,000  34,000,000 3,000,000 495,000,000  0 40,000,000 1,159,000,000 266,000,000 1,051,000,000 688,000,000 654,000,000 206,000,000 336,000,000 1,342,000,000 192,000,000 172,000,000 160,000,000 300,000,000 233,000,000 1,407,000,000 716,000,000 685,000,000 383,000,000 1,019,000,000 1,824,000,000 867,000,000 636,000,000 493,000,000 420,000,000 1,005,000,000 370,000,000 250,000,000 197,000,000 904,000,000 125,000,000 
      net cash flow provided by (used by) financing activities
    		408,000,000 -322,000,000 -520,000,000  -122,000,000 -787,000,000 987,000,000                                         
      effect of foreign exchange rate on cash
    		-4,000,000 12,000,000 7,000,000  6,000,000 -1,000,000 -2,000,000   3,000,000 1,000,000  -15,000,000 -9,000,000 -3,000,000  -7,000,000     4,000,000 -9,000,000 8,000,000 -5,000,000 0 2,000,000 -6,000,000 1,000,000 -6,000,000 1,000,000 4,000,000 4,000,000 1,000,000 -2,000,000   4,000,000 -6,000,000 -5,000,000 -7,000,000  1,000,000 -3,000,000 0 2,000,000  
      net change in cash
    		120,000,000 -113,000,000 19,000,000  78,000,000 -86,000,000 157,000,000  299,000,000 -131,000,000 62,000,000  -65,000,000 153,000,000 177,000,000  233,000,000 -82,000,000 182,000,000 -408,000,000 218,000,000 -271,000,000 603,000,000 -106,000,000 2,000,000 101,000,000 -66,000,000 -166,000,000 118,000,000 2,000,000 -21,000,000 59,000,000 -55,000,000 85,000,000 -4,000,000 40,000,000 -132,000,000 -22,000,000 -93,000,000 360,000,000 -49,000,000 37,000,000 -30,000,000 -20,000,000 25,000,000 3,000,000 -55,000,000 
      cash, beginning of period
    		0 0 541,000,000  0 0 399,000,000  0 0 532,000,000  0 0 621,000,000  0 0 478,000,000  0 0 336,000,000  0 0 405,000,000  0 0 472,000,000 0 0 327,000,000 0 0 440,000,000 0 364,000,000 0 228,000,000 0 129,000,000 0 0 120,000,000 190,000,000 
      cash, end of period
    		120,000,000 -113,000,000 560,000,000  78,000,000 -86,000,000 556,000,000  299,000,000 -131,000,000 594,000,000  -65,000,000 153,000,000 798,000,000  233,000,000 -82,000,000 660,000,000  218,000,000 -271,000,000 939,000,000  2,000,000 101,000,000 339,000,000  118,000,000 2,000,000 451,000,000 59,000,000 -55,000,000 412,000,000 -4,000,000 40,000,000 308,000,000 -22,000,000 271,000,000 360,000,000 179,000,000 37,000,000 99,000,000 -20,000,000 25,000,000 123,000,000 135,000,000 
      adjustments to reconcile net income to net cash provided byoperating activities:
    		                                               
      investment losses
    		                                               
      equity method investees
    		                                               
      amortization of investments
    		                                               
      depreciation and amortization
    		                                               
      benefit from deferred income taxes
    		                                               
      other non-cash items
    		                                               
      acquisitions
    		       -53,000,000                0 -1,000,000   -23,000,000 -4,000,000   4,000,000                
      investment (gains) losses
    		                                               
      (investment in) sale of interest in altium packaging
    		           0                                    
      investment in altium packaging
    		                                               
      change in short term investments
    		        382,000,000 -969,000,000 647,000,000 -595,000,000 -171,000,000 43,000,000 696,000,000 -866,000,000 320,000,000 -164,000,000 569,000,000 -279,000,000 180,000,000 -311,000,000 837,000,000 -83,000,000 20,000,000 33,000,000 -27,000,000 -213,000,000 978,000,000 -1,079,000,000 -25,000,000 -56,000,000 -395,000,000 366,000,000 -44,000,000 132,000,000 16,000,000 -78,000,000 197,000,000 486,000,000 375,000,000 -28,000,000 -88,000,000 -285,000,000 1,303,000,000 277,000,000 1,628,000,000 
      net cash flow used by financing activities
    		        -188,000,000 -235,000,000 -524,000,000  -303,000,000 -262,000,000 -56,000,000    -258,000,000    -144,000,000  -262,000,000 -36,000,000 -449,000,000                     
      adjustments to reconcile net income to net cash provided (used)by operating activities:
    		                                               
      asset impairments
    		                                               
      deconsolidation of diamond offshore
    		                   0 0                           
      sale of interest in altium packaging
    		               0 0                               
      net cash flow (used) provided by investing activities
    		             -599,000,000 -187,000,000                                 
      adjustments to reconcile net income to net cash provided (used) by operating activities
    		                102,000,000    73,000,000 1,067,000,000 1,363,000,000  143,000,000 235,000,000 369,000,000  627,000,000 309,000,000 185,000,000 345,000,000 296,000,000 318,000,000 287,000,000 804,000,000 585,000,000 293,000,000 510,000,000  335,000,000 403,000,000 270,000,000     
      net cash flow (used) provided by financing activities
    		                -376,000,000                               
      fixed maturity securities
    		                0 -3,000,000 428,000,000  2,000,000 -8,000,000 438,000,000  -3,000,000    5,000,000 -2,000,000 446,000,000   455,000,000 8,000,000 3,000,000 446,000,000 9,000,000 443,000,000 2,000,000 499,000,000 -11,000,000 516,000,000     
      limited partnership investments
    		                -60,000,000 102,000,000 47,000,000  14,000,000 159,000,000 -102,000,000  -27,000,000    -26,000,000 12,000,000 48,000,000   116,000,000 44,000,000 87,000,000 -40,000,000 -110,000,000 160,000,000 -90,000,000 146,000,000       
      short term investments
    		                    0 -5,000,000 7,000,000  -1,000,000    -1,000,000 2,000,000 9,000,000   4,000,000 1,000,000 -1,000,000 3,000,000  3,000,000 0 2,000,000 1,000,000 3,000,000     
      equity securities
    		                -16,000,000 -9,000,000 29,000,000  -32,000,000 94,000,000 -44,000,000  0    -2,000,000 2,000,000 10,000,000   1,000,000 -3,000,000 1,000,000 3,000,000 0 3,000,000 -1,000,000 3,000,000 -2,000,000 4,000,000     
      income
    		                -56,000,000 -24,000,000 50,000,000   236,000,000 -129,000,000      -30,000,000 26,000,000 -3,000,000    -76,000,000 72,000,000 15,000,000 26,000,000 -15,000,000 -54,000,000 -3,000,000       
      total investment income
    		                -133,000,000 64,000,000 570,000,000  -103,000,000 478,000,000 184,000,000  -25,000,000    -59,000,000 46,000,000 521,000,000   618,000,000 -27,000,000 166,000,000 436,000,000 -77,000,000 602,000,000 -146,000,000 653,000,000 -339,000,000 740,000,000     
      investment expenses
    		                0 2,000,000 -20,000,000  -1,000,000 3,000,000 -21,000,000  -1,000,000    2,000,000 -1,000,000 -15,000,000   -14,000,000 1,000,000 -1,000,000 -14,000,000 -1,000,000 -14,000,000 0 -12,000,000 -1,000,000 -14,000,000     
      net investment income
    		                -133,000,000 66,000,000 550,000,000  -104,000,000 481,000,000 163,000,000  -26,000,000    -57,000,000 45,000,000 506,000,000   604,000,000 -26,000,000 165,000,000 422,000,000 -78,000,000 588,000,000 -146,000,000 641,000,000 -340,000,000 726,000,000     
      net cash flow provided (used) by investing activities
    		                                               
      net cash flow provided by investing activities
    		                  306,000,000    427,000,000   -256,000,000 300,000,000                     
      three months ended march 31
    		                  2,021,000,000            2,018,000,000   2,017,000,000   2,016,000,000  2,015,000,000  2,013,000,000  2,012,000,000   2,011,000,000 2,010,000,000 
      adjustments to reconcile net income to net cash provided (used) by operating activities:
    		                                               
      year ended december 31
    		                                               
      purchase of boardwalk pipeline common units
    		                           0                    
      cash, beginning of year
    		                                               
      cash, end of year
    		                                               
      net cash flow provided (used) by financing activities
    		                    145,000,000                           
      income from trading portfolio
    		                                 34,000,000         70,000,000     
      three months ended march 31,
    		                      2,020,000,000                         
      purchases of loews treasury stock
    		                       -408,000,000 -165,000,000 -161,000,000 -317,000,000 -137,000,000 -90,000,000 -302,000,000 -497,000,000 0   -29,000,000 -53,000,000 -33,000,000 -220,000,000 -67,000,000 -214,000,000        
      purchase of boardwalk pipelines common units
    		                                               
      1.
    		                                               
      net cash flow operating activities
    		                           827,000,000 1,244,000,000 1,638,000,000 513,000,000 579,000,000 1,232,000,000 -1,000,000 945,000,000 622,000,000 149,000,000 1,045,000,000 42,000,000 904,000,000 608,000,000 778,000,000 328,000,000    294,000,000 
      net cash flow investing activities
    		                           -727,000,000 520,000,000 -1,293,000,000 56,000,000 -533,000,000 -1,827,000,000 273,000,000 -729,000,000 -960,000,000 -157,000,000 -1,128,000,000 94,000,000 194,000,000 -633,000,000 -645,000,000 -513,000,000    -411,000,000 
      net cash flow financing activities
    		                           -260,000,000 -1,647,000,000 -337,000,000 -591,000,000 9,000,000 536,000,000 -188,000,000 -218,000,000 383,000,000 -123,000,000 57,000,000 -223,000,000 -744,000,000 -17,000,000 -95,000,000 154,000,000    64,000,000 
      cash
    		                               0                
      property, plant and equipment
    		                               -3,000,000                
      goodwill
    		                               1,000,000                
      other assets:
    		                                               
      inventory
    		                               0                
      customer relationships
    		                               2,000,000                
      trade name
    		                               0                
      deferred income taxes
    		                               0                
      other liabilities:
    		                                               
      accounts payable
    		                               1,000,000                
      pension liability
    		                               0                
      issuance of loews common stock
    		                                     0 7,000,000 0        
      proceeds from sale of subsidiary stock
    		                                     30,000,000 84,000,000 0 1,000,000 1,000,000 245,000,000 0 166,000,000 6,000,000 333,000,000 
      (a) includes net unrealized gains related to changes in fair value on trading securities still held of 15 and (14) for the three months ended march 31, 2016 and 2015. investment gains are as follows:
    		                                               
      derivative instruments
    		                                      -1,000,000         
      short term investments and other
    		                                    1,000,000  -1,000,000         
      investment gains
    		                                    -28,000,000  10,000,000         
      transfer of cash to assets of discontinued operations
    		                                               
      (a) includes net unrealized gains related to changes in fair value on trading securities still held of (14) and 13 for the three months ended march 31, 2015 and 2014.
    		                                               
      investment gains are as follows:
    		                                               
      (a) includes gross realized gains of 34 and 58 and gross realized losses of 22 and 15 on available-for-sale securities for the three months ended march 31, 2015 and 2014.
    		                                               
      the components of net other-than-temporary impairment (“otti”) losses recognized in earnings by asset type are as follows:
    		                                               
      fixed maturity securities available-for-sale:
    		                                               
      corporate and other bonds
    		                                      5,000,000         
      states, municipalities and political subdivisions
    		                                      5,000,000         
      asset-backed – residential mortgage-backed
    		                                      1,000,000         
      total fixed maturities available-for-sale
    		                                      11,000,000         
      equity securities available-for-sale:
    		                                               
      common stock
    		                                      1,000,000         
      net otti losses recognized in earnings
    		                                      12,000,000         
      (a) includes net unrealized gains related to changes in fair value on trading securities still held of (19), 25, 46 and (22) for the three and nine months ended september 30, 2014 and 2013.
    		                                               
      purchases of treasury shares
    		                                        -95,000,000   -278,000,000 -234,000,000 -188,000,000 -188,000,000 
      issuance of common stock
    		                                        3,000,000 0 5,000,000 0 0 4,000,000 1,000,000 
      deposits for construction of offshore drilling equipment
    		                                           0 -169,000,000 -309,000,000  
      change in other investments
    		                                         -58,000,000 -17,000,000 -13,000,000 -187,000,000 -114,000,000  
      acquisition of cna surety noncontrolling interests
    		                                           -49,000,000    
      limited partnerships
    		                                         -186,000,000 143,000,000     
      (a) includes net unrealized gains related to changes in fair value on trading securities still held of (90), (17), (60) and 1 for the three and six months ended june 30, 2012 and 2011. investment gains are as follows:
    		                                               
      (a) includes gross realized gains of 51, 90, 123 and 183 and gross realized losses of 34, 72, 75 and 145 on available-for-sale securities for the three and six months ended june 30, 2012 and 2011. the components of other-than-temporary impairment (“otti”) losses recognized in earnings by asset type are as follows:
    		                                               
      asset-backed:
    		                                               
      residential mortgage-backed
    		                                               
      u.s. treasury and obligations of government - sponsored enterprises
    		                                               
      preferred stock
    		                                               
      total equity securities available-for-sale
    		                                               
      reinsurance receivables
    		                                           128,000,000 154,000,000 123,000,000 254,000,000 
      other receivables
    		                                           -107,000,000 -89,000,000 15,000,000  
      net cash flow operating activities – continuing operations
    		                                               
      net cash flow operating activities – discontinued operations
    		                                               
      net cash flow operating activities – total
    		                                           1,108,000,000 -213,000,000 1,129,000,000  
      sales of property, plant and equipment
    		                                           19,000,000    
      net cash flow investing activities – continuing operations
    		                                               
      net cash flow investing activities – discontinued operations
    		                                               
      net cash flow investing activities – total
    		                                           -726,000,000 1,189,000,000 -816,000,000  
      nine months ended september 30
    		                                               
      net cash flow financing activities – continuing operations
    		                                               
      net cash flow financing activities – discontinued operations
    		                                               
      net cash flow financing activities – total
    		                                           -399,000,000 -951,000,000 -312,000,000  
      net cash transactions:
    		                                               
      from continuing operations to discontinued operations
    		                                               
      to discontinued operations from continuing operations
    		                                               
      cash, end of period:
    		                                               
      continuing operations
    		                                               
      discontinued operations
    		                                               
      total
    		                                               
      six months ended june 30
    		                                               
      policyholders’ investment contract net deposits
    		                                               
      change in collateral on loaned securities and derivatives
    		                                              1,000,000 
    The information provided in this report 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.