Loews (L) Financials

$88.87 +0.99 (+1.13%)

As of 09:33 AM Eastern

Annual Income Statements for Loews

This table shows Loews' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	1,414	1,434	822	1,562	-931	932	636	1,164	654	260
Consolidated Net Income / (Loss)	1,494	1,545	891	1,685	-1,291	871	706	1,412	716	287
Net Income / (Loss) Continuing Operations	1,494	1,545	891	1,685	-1,291	871	706	1,412	716	287
Total Pre-Tax Income	1,874	1,996	1,114	2,160	-1,464	1,119	834	1,582	936	244
Total Revenue	17,069	15,525	13,666	14,233	12,068	14,340	13,492	13,089	12,569	12,895
Net Interest Income / (Expense)	-441	-376	-378	-424	-515	-591	-574	-646	-536	-520
Total Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Interest Expense	441	376	378	424	515	591	574	646	536	520
Long-Term Debt Interest Expense	441	376	378	424	515	591	574	646	536	520
Total Non-Interest Income	17,510	15,901	14,044	14,657	12,583	14,931	14,066	13,735	13,105	13,415
Other Service Charges	2,991	2,455	2,200	2,133	2,933	3,938	3,987	4,053	3,635	2,339
Net Realized & Unrealized Capital Gains on Investments	2,699	2,342	1,603	2,919	749	2,404	1,760	2,304	2,185	1,795
Premiums Earned	10,211	9,480	8,667	8,175	7,649	7,428	7,312	6,988	6,924	6,921
Other Non-Interest Income	1,609	1,624	1,574	1,430	-	-	-	-	-	-
Total Non-Interest Expense	15,195	13,529	12,552	12,073	13,532	13,221	12,658	11,507	11,633	12,651
Net Occupancy & Equipment Expense	-58	-120	-139	-26	73	-	-	-	-	-
Property & Liability Insurance Claims	7,738	7,068	6,653	6,371	6,170	5,806	5,572	5,310	5,283	5,384
Other Operating Expenses	5,717	4,937	4,548	4,285	5,879	6,032	5,751	4,964	5,115	5,727
Amortization Expense	1,798	1,644	1,490	1,443	1,410	1,383	1,335	1,233	1,235	1,540
Income Tax Expense	380	451	223	475	-173	248	128	170	220	-43
Net Income / (Loss) Attributable to Noncontrolling Interest	80	111	69	123	-360	-61	70	248	62	27
Basic Earnings per Share	$6.42	$6.30	$3.39	$6.02	($3.32)	$3.08	$1.99	$3.46	$1.93	$0.72
Weighted Average Basic Shares Outstanding	220.26M	227.48M	242.83M	259.67M	280.32M	302.70M	319.06M	336.61M	337.95M	362.43M
Diluted Earnings per Share	$6.41	$6.29	$3.38	$6.00	($3.32)	$3.07	$1.99	$3.45	$1.93	$0.72
Weighted Average Diluted Shares Outstanding	220.53M	227.81M	243.28M	260.20M	280.32M	303.35M	319.93M	337.50M	338.31M	362.69M
Weighted Average Basic & Diluted Shares Outstanding	212.86M	222.20M	235.00M	248.20M	267.05M	287.77M	319.60M	336.40M	338.90M	361.10M
Cash Dividends to Common per Share	$0.25	$0.25	$0.25	$0.25	$0.25	$0.25	$0.25	$0.25	$0.25	$0.25

This table shows Loews' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	370	187	401	369	457	446	253	360	375	355	-22
Consolidated Net Income / (Loss)	392	189	425	395	485	477	276	388	404	379	-27
Net Income / (Loss) Continuing Operations	392	189	425	395	485	477	276	388	404	379	-27
Total Pre-Tax Income	514	188	550	507	629	613	356	508	519	465	-25
Total Revenue	4,389	4,436	4,352	4,153	4,128	4,162	3,832	3,843	3,688	3,699	3,369
Net Interest Income / (Expense)	-105	-110	-114	-114	-103	-96	-94	-91	-95	-94	-92
Total Interest Income	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Interest Expense	105	110	114	114	103	96	94	91	95	94	92
Long-Term Debt Interest Expense	105	110	114	114	103	96	94	91	95	94	92
Total Non-Interest Income	4,494	4,546	4,466	4,267	4,231	4,258	3,926	3,934	3,783	3,793	3,461
Other Service Charges	872	813	706	736	736	728	559	574	594	593	533
Net Realized & Unrealized Capital Gains on Investments	599	657	766	629	647	648	554	606	534	567	308
Premiums Earned	2,626	2,679	2,593	2,498	2,441	2,479	2,406	2,347	2,248	2,232	2,221
Other Non-Interest Income	397	-	401	-	-	-	-	-	-	-	-
Total Non-Interest Expense	3,875	4,248	3,802	3,646	3,499	3,549	3,476	3,335	3,169	3,234	3,394
Net Occupancy & Equipment Expense	1.00	-14	9.00	-27	-26	-31	-22	-39	-28	-28	-35
Property & Liability Insurance Claims	2,027	2,030	2,019	1,882	1,807	1,810	1,826	1,779	1,653	1,694	1,880
Other Operating Expenses	1,376	1,770	1,317	1,356	1,274	1,334	1,246	1,192	1,165	1,179	1,166
Amortization Expense	471	462	457	435	444	436	426	403	379	389	383
Income Tax Expense	122	-1.00	125	112	144	136	80	120	115	86	2.00
Net Income / (Loss) Attributable to Noncontrolling Interest	22	2.00	24	26	28	31	23	28	29	24	-5.00
Basic Earnings per Share	$1.74	$0.87	$1.83	$1.67	$2.05	$1.99	$1.12	$1.58	$1.61	$1.50	($0.09)
Weighted Average Basic Shares Outstanding	212.45M	220.26M	219.67M	221.35M	222.47M	227.48M	225.64M	227.69M	233.30M	242.83M	240.37M
Diluted Earnings per Share	$1.74	$0.87	$1.82	$1.67	$2.05	$1.98	$1.12	$1.58	$1.61	$1.50	($0.09)
Weighted Average Diluted Shares Outstanding	212.60M	220.53M	219.94M	221.60M	222.78M	227.81M	225.99M	227.97M	233.62M	243.28M	240.76M
Weighted Average Basic & Diluted Shares Outstanding	209.70M	212.86M	217.78M	219.52M	221.41M	222.20M	223.25M	225.51M	227.90M	235.00M	237.43M
Cash Dividends to Common per Share	$0.06	-	$0.06	$0.06	$0.06	-	$0.06	$0.06	$0.06	-	$0.06

This table details how cash moves in and out of Loews' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	142	-133	-89	143	142	-69	-57	145	-113	76
Net Cash From Operating Activities	3,025	3,907	3,314	2,623	1,745	1,741	4,222	2,590	2,253	3,547
Net Cash From Continuing Operating Activities	3,025	3,907	3,314	2,623	1,745	1,741	4,222	2,590	2,253	3,547
Net Income / (Loss) Continuing Operations	1,494	1,545	891	1,685	-1,291	871	706	1,412	716	287
Consolidated Net Income / (Loss)	1,494	1,545	891	1,685	-1,291	871	706	1,412	716	287
Depreciation Expense	583	538	509	515	734	943	912	874	841	955
Amortization Expense	-200	-191	-129	-81	-67	-89	-70	-40	-27	17
Non-Cash Adjustments to Reconcile Net Income	68	307	475	-444	1,984	227	745	126	1,043	1,018
Changes in Operating Assets and Liabilities, net	1,080	1,708	1,568	948	385	-211	1,929	218	-320	1,270
Net Cash From Investing Activities	-1,975	-2,745	-2,347	-1,187	-1,414	-671	-1,444	-2,655	-2,187	-1,935
Net Cash From Continuing Investing Activities	-1,975	-2,745	-2,347	-1,187	-1,414	-671	-1,444	-2,655	-2,187	-1,935
Purchase of Property, Leasehold Improvements and Equipment	-632	-686	-660	-482	-710	-1,041	-995	-1,031	-1,450	-1,555
Purchase of Investment Securities	-7,146	-7,792	-10,650	-10,192	-11,130	-9,508	-11,463	-10,994	-9,945	-9,072
Sale and/or Maturity of Investments	5,803	5,733	8,963	9,487	10,482	9,935	11,337	9,370	9,208	8,692
Net Cash From Financing Activities	-898	-1,300	-1,037	-1,289	-198	-1,144	-2,835	201	-166	-1,525
Net Cash From Continuing Financing Activities	-898	-1,300	-1,037	-1,289	-198	-1,144	-2,835	201	-166	-1,525
Issuance of Debt	1,294	778	573	1,199	2,659	2,076	939	3,067	3,614	1,828
Repayment of Debt	-1,366	-878	-640	-1,193	-1,726	-1,956	-1,043	-2,411	-3,418	-1,929
Repurchase of Common Equity	-608	-849	-729	-1,136	-923	-1,051	-1,026	-216	-134	-1,265
Payment of Dividends	-140	-131	-159	-129	-169	-174	-201	-223	-218	-255
Other Financing Activities, Net	-78	-220	-82	-30	-39	-39	-1,504	-16	-10	89
Effect of Exchange Rate Changes	-10	5.00	-19	-4.00	9.00	5.00	-	9.00	-13	-

This table details how cash moves in and out of Loews' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	19	-7.00	78	-86	157	-363	299	-131	62	-354	-65
Net Cash From Operating Activities	736	941	934	952	198	477	1,277	1,434	719	622	1,246
Net Cash From Continuing Operating Activities	736	941	934	952	198	477	1,277	1,434	719	622	1,246
Net Income / (Loss) Continuing Operations	392	189	425	395	485	477	276	388	404	379	-27
Consolidated Net Income / (Loss)	392	189	425	395	485	477	276	388	404	379	-27
Non-Cash Adjustments to Reconcile Net Income	180	-357	175	75	175	-212	219	96	204	-251	229
Changes in Operating Assets and Liabilities, net	164	726	334	482	-462	-135	782	950	111	114	1,044
Net Cash From Investing Activities	-204	41	-740	-250	-1,026	-492	-786	-1,333	-134	-568	-993
Net Cash From Continuing Investing Activities	-204	41	-740	-250	-1,026	-492	-786	-1,333	-134	-568	-993
Purchase of Property, Leasehold Improvements and Equipment	-98	-174	-140	-159	-159	-223	-164	-140	-159	-223	-125
Purchase of Investment Securities	-1,692	-1,041	-2,086	-1,687	-2,332	-1,361	-2,112	-2,476	-1,843	-1,861	-2,980
Sale and/or Maturity of Investments	1,586	1,256	1,486	1,596	1,465	1,092	1,490	1,283	1,868	1,516	2,112
Net Cash From Financing Activities	-520	-976	-122	-787	987	-353	-188	-235	-524	-416	-303
Net Cash From Continuing Financing Activities	-520	-976	-122	-787	987	-353	-188	-235	-524	-416	-303
Issuance of Debt	0.00	10	-39	24	1,299	185	130	426	37	41	34
Repayment of Debt	-1.00	-603	-1.00	-561	-201	-375	-1.00	-501	-1.00	-313	-26
Repurchase of Common Equity	-394	-346	-59	-179	-24	-140	-116	-131	-462	-118	-231
Payment of Dividends	-68	-23	-24	-23	-70	-23	-24	-25	-59	-26	-23
Other Financing Activities, Net	-57	-14	1.00	-48	-17	-	-177	-4.00	-39	-	-57
Effect of Exchange Rate Changes	7.00	-13	6.00	-1.00	-2.00	5.00	-4.00	3.00	1.00	8.00	-15

This table presents Loews' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	81,943	79,197	75,567	81,626	80,236	82,243	78,316	79,586	76,594	76,006
Cash and Due from Banks	541	399	532	621	478	336	405	472	327	440
Trading Account Securities	5,670	46,072	43,690	6,534	50,881	48,174	40,992	43,357	42,043	40,453
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Premises and Equipment, Net	10,738	10,718	10,027	9,888	10,451	15,568	15,511	15,427	15,230	15,477
Deferred Acquisition Cost	4,484	896	806	737	708	662	633	846	600	598
Goodwill	347	347	346	349	785	767	665	659	346	351
Other Assets	60,163	20,765	20,166	63,497	16,933	16,736	12,150	11,212	10,404	10,646
Total Liabilities & Shareholders' Equity	81,943	79,197	75,567	81,626	80,236	82,243	78,316	79,586	76,594	76,006
Total Liabilities	64,006	62,672	60,366	62,451	61,055	60,313	56,930	55,020	53,233	53,196
Short-Term Debt	115	1,163	987	183	129	185	59	340	260	1,607
Long-Term Debt	8,939	7,919	8,165	8,986	10,072	11,456	11,359	11,253	10,668	9,520
Claims and Claim Expense	24,976	23,304	22,120	24,174	22,706	21,720	21,984	22,004	22,343	22,663
Future Policy Benefits	13,158	13,959	13,480	13,236	13,318	12,311	10,597	11,179	10,326	10,152
Unearned Premiums Liability	7,346	6,933	6,374	5,761	5,119	4,583	4,183	4,029	3,762	3,671
Other Long-Term Liabilities	9,472	9,394	9,240	10,111	9,711	10,058	8,748	6,215	5,874	5,583
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	17,937	16,525	15,201	19,175	19,181	21,930	21,386	24,566	23,361	22,810
Total Preferred & Common Equity	17,066	15,704	14,349	17,846	17,860	19,119	18,518	19,204	18,163	17,561
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	17,066	15,704	14,349	17,846	17,860	19,119	18,518	19,204	18,163	17,561
Common Stock	2,492	2,591	2,750	2,887	3,136	3,377	3,630	3,154	3,190	3,187
Retained Earnings	16,459	15,617	14,931	14,776	14,150	15,823	15,773	16,096	15,196	14,731
Treasury Stock	-18	-7.00	-12	-3.00	-7.00	-13	-5.00	-20	0.00	-
Accumulated Other Comprehensive Income / (Loss)	-1,867	-2,497	-3,320	186	581	-68	-880	-26	-223	-357
Noncontrolling Interest	871	821	852	1,329	1,321	2,811	2,868	5,362	5,198	5,249

This table presents Loews' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	83,142	81,943	83,617	81,057	80,906	79,197	76,469	77,347	76,560	75,567	75,111
Cash and Due from Banks	560	541	548	470	556	399	762	463	594	532	886
Trading Account Securities	5,543	5,670	6,457	6,033	6,492	46,072	5,024	5,529	5,136	43,690	42,969
Loans and Leases, Net of Allowance	0.00	0.00	43,055	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Premises and Equipment, Net	10,674	10,738	10,689	10,710	10,723	10,718	10,674	10,328	10,098	10,027	9,949
Deferred Acquisition Cost	4,492	4,484	4,514	948	4,548	896	880	4,574	4,523	806	787
Goodwill	347	347	349	347	347	347	346	347	346	346	344
Other Assets	61,526	60,163	18,005	62,549	58,240	20,765	58,783	56,106	55,863	20,166	20,176
Total Liabilities & Shareholders' Equity	83,142	81,943	83,617	81,057	80,906	79,197	76,469	77,347	76,560	75,567	75,111
Total Liabilities	65,108	64,006	65,369	63,856	63,908	62,672	61,311	61,877	61,246	60,366	60,458
Short-Term Debt	711	115	982	1,143	1,880	1,163	1,705	1,152	1,128	987	1,173
Long-Term Debt	8,441	8,939	8,821	8,558	8,425	7,919	7,925	8,094	8,150	8,165	8,475
Claims and Claim Expense	25,581	24,976	24,558	23,974	23,588	23,304	22,836	22,802	22,409	22,120	24,700
Future Policy Benefits	13,304	13,158	14,047	13,211	13,513	13,959	12,654	13,666	13,976	13,480	10,454
Unearned Premiums Liability	7,504	7,346	7,259	7,409	7,046	6,933	6,789	6,978	6,581	6,374	6,195
Other Long-Term Liabilities	9,567	9,472	9,702	9,561	9,456	9,394	9,402	9,185	9,002	9,240	9,461
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	18,034	17,937	18,248	17,201	16,998	16,525	15,158	15,470	15,314	15,201	14,653
Total Preferred & Common Equity	17,191	17,066	17,357	16,384	16,184	15,704	14,448	14,603	14,451	14,349	13,846
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-
Total Common Equity	17,191	17,066	17,357	16,384	16,184	15,704	14,448	14,603	14,451	14,349	13,846
Common Stock	2,453	2,492	2,564	2,558	2,549	2,591	2,766	2,730	2,718	2,750	2,888
Retained Earnings	16,821	16,459	16,802	16,415	16,060	15,617	15,877	15,637	15,293	14,931	15,377
Treasury Stock	-398	-18	-271	-206	-24	-7.00	-722	-604	-498	-12	-616
Accumulated Other Comprehensive Income / (Loss)	-1,685	-1,867	-1,738	-2,383	-2,401	-2,497	-3,473	-3,160	-3,062	-3,320	-3,803
Noncontrolling Interest	843	871	891	817	814	821	710	867	863	852	807

This table displays calculated financial ratios and metrics derived from Loews' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.95%	13.60%	-3.98%	17.94%	-15.84%	6.29%	3.08%	4.14%	-2.53%	-6.74%
EBITDA Growth	-3.67%	56.83%	-42.41%	425.47%	-140.40%	17.72%	-30.63%	38.06%	43.91%	-55.16%
EBIT Growth	-6.11%	79.17%	-48.43%	247.54%	-230.83%	34.17%	-47.28%	69.02%	283.61%	-86.52%
NOPAT Growth	-3.30%	73.40%	-47.12%	264.42%	-217.66%	23.37%	-50.00%	97.21%	149.48%	-78.79%
Net Income Growth	-3.30%	73.40%	-47.12%	230.52%	-248.22%	23.37%	-50.00%	97.21%	149.48%	-70.17%
EPS Growth	1.91%	86.09%	-43.67%	280.72%	-208.14%	54.27%	-42.32%	78.76%	168.06%	-53.55%
Operating Cash Flow Growth	-22.57%	17.89%	26.34%	50.32%	0.23%	-58.76%	63.01%	14.96%	-36.48%	18.63%
Free Cash Flow Firm Growth	-62.20%	-94.04%	79.29%	-13.94%	2,942.50%	-97.44%	986.68%	-225.82%	-84.45%	213.81%
Invested Capital Growth	5.40%	5.15%	-14.08%	-3.53%	-12.48%	2.34%	-9.28%	5.45%	1.04%	-5.71%
Revenue Q/Q Growth	1.63%	3.07%	1.02%	-0.26%	-1.11%	4.30%	-1.96%	1.62%	-0.03%	-1.41%
EBITDA Q/Q Growth	-44.56%	-31.99%	-41.32%	-30.25%	-140.06%	-0.30%	-40.69%	-14.20%	16.36%	-49.63%
EBIT Q/Q Growth	-18.49%	8.01%	2.58%	-4.89%	15.67%	83.14%	-45.38%	0.06%	3,700.00%	-78.91%
NOPAT Q/Q Growth	-16.16%	6.77%	3.01%	-4.75%	15.67%	93.99%	-51.24%	9.20%	3,627.09%	-67.35%
Net Income Q/Q Growth	-16.16%	6.77%	3.01%	-4.75%	14.90%	93.99%	-51.24%	9.20%	5,407.69%	-67.09%
EPS Q/Q Growth	-14.76%	8.26%	5.63%	-0.33%	15.31%	67.76%	-49.23%	20.21%	250.91%	-60.00%
Operating Cash Flow Q/Q Growth	18.12%	-3.58%	-8.93%	23.15%	-0.91%	-17.02%	1.13%	10.35%	-26.56%	14.83%
Free Cash Flow Firm Q/Q Growth	107.43%	-69.69%	-10.77%	15.58%	-3.32%	246.67%	1.45%	-895.65%	-57.51%	23.02%
Invested Capital Q/Q Growth	-3.78%	3.30%	0.21%	-1.95%	-0.38%	-1.21%	-2.26%	0.11%	-1.41%	-4.82%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	13.22%	15.09%	10.93%	18.23%	-6.60%	13.76%	12.42%	18.46%	13.92%	9.43%
EBIT Margin	10.98%	12.86%	8.15%	15.18%	-12.13%	7.80%	6.18%	12.09%	7.45%	1.89%
Profit (Net Income) Margin	8.75%	9.95%	6.52%	11.84%	-10.70%	6.07%	5.23%	10.79%	5.70%	2.23%
Tax Burden Percent	79.72%	77.40%	79.98%	78.01%	88.18%	77.84%	84.65%	89.25%	76.50%	117.62%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	20.28%	22.60%	20.02%	21.99%	0.00%	22.16%	15.35%	10.75%	23.50%	-17.62%
Return on Invested Capital (ROIC)	5.68%	6.18%	3.38%	5.84%	-3.26%	2.62%	2.05%	4.01%	2.10%	0.82%
ROIC Less NNEP Spread (ROIC-NNEP)	5.68%	6.18%	3.38%	5.84%	-5.69%	2.62%	2.05%	4.01%	2.10%	0.82%
Return on Net Nonoperating Assets (RNNOA)	2.99%	3.55%	1.80%	2.95%	-3.02%	1.40%	1.03%	1.88%	1.00%	0.39%
Return on Equity (ROE)	8.67%	9.74%	5.18%	8.79%	-6.28%	4.02%	3.07%	5.89%	3.10%	1.21%
Cash Return on Invested Capital (CROIC)	0.42%	1.16%	18.53%	9.43%	10.05%	0.31%	11.78%	-1.30%	1.07%	6.70%
Operating Return on Assets (OROA)	2.33%	2.58%	1.42%	2.67%	-1.80%	1.39%	1.06%	2.03%	1.23%	0.32%
Return on Assets (ROA)	1.85%	2.00%	1.13%	2.08%	-1.59%	1.09%	0.89%	1.81%	0.94%	0.37%
Return on Common Equity (ROCE)	8.24%	9.23%	4.86%	8.18%	-5.65%	3.49%	2.52%	4.59%	2.40%	0.94%
Return on Equity Simple (ROE_SIMPLE)	8.75%	9.84%	6.21%	9.44%	-7.23%	4.56%	3.81%	7.35%	3.94%	1.63%
Net Operating Profit after Tax (NOPAT)	1,494	1,545	891	1,685	-1,025	871	706	1,412	716	287
NOPAT Margin	8.75%	9.95%	6.52%	11.84%	-8.49%	6.07%	5.23%	10.79%	5.70%	2.23%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	2.44%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	-0.34%	-0.77%	-1.02%	-0.18%	0.60%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	89.02%	87.14%	91.85%	84.82%	112.13%	92.20%	93.82%	87.91%	92.55%	98.11%
Earnings before Interest and Taxes (EBIT)	1,874	1,996	1,114	2,160	-1,464	1,119	834	1,582	936	244
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,257	2,343	1,494	2,594	-797	1,973	1,676	2,416	1,750	1,216
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.08	0.99	0.96	0.81	0.68	0.80	0.75	0.85	0.84	0.74
Price to Tangible Book Value (P/TBV)	1.10	1.01	0.98	0.83	0.71	0.83	0.78	0.88	0.85	0.76
Price to Revenue (P/Rev)	1.08	1.00	1.01	1.02	1.01	1.07	1.03	1.25	1.21	1.01
Price to Earnings (P/E)	13.04	10.80	16.73	9.28	0.00	16.40	21.90	14.02	23.26	50.13
Dividend Yield	0.30%	0.36%	0.43%	0.44%	0.56%	0.49%	0.56%	0.52%	0.55%	0.68%
Earnings Yield	7.67%	9.26%	5.98%	10.77%	0.00%	6.10%	4.57%	7.13%	4.30%	1.99%
Enterprise Value to Invested Capital (EV/IC)	1.03	0.98	0.95	0.86	0.79	0.88	0.85	0.91	0.90	0.85
Enterprise Value to Revenue (EV/Rev)	1.63	1.61	1.70	1.71	1.93	2.05	2.06	2.51	2.47	2.25
Enterprise Value to EBITDA (EV/EBITDA)	12.33	10.67	15.54	9.40	0.00	14.90	16.59	13.58	17.72	23.82
Enterprise Value to EBIT (EV/EBIT)	14.85	12.52	20.85	11.28	0.00	26.27	33.34	20.73	33.13	118.73
Enterprise Value to NOPAT (EV/NOPAT)	18.63	16.18	26.06	14.47	0.00	33.75	39.39	23.23	43.31	100.94
Enterprise Value to Operating Cash Flow (EV/OCF)	9.20	6.40	7.01	9.29	13.31	16.88	6.59	12.66	13.76	8.17
Enterprise Value to Free Cash Flow (EV/FCFF)	252.98	85.88	4.76	8.95	7.34	282.66	6.85	0.00	85.19	12.38
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.50	0.55	0.60	0.48	0.53	0.53	0.53	0.47	0.47	0.49
Long-Term Debt to Equity	0.50	0.48	0.54	0.47	0.53	0.52	0.53	0.46	0.46	0.42
Financial Leverage	0.53	0.57	0.53	0.51	0.53	0.53	0.50	0.47	0.48	0.47
Leverage Ratio	4.68	4.88	4.57	4.22	3.95	3.71	3.44	3.26	3.31	3.25
Compound Leverage Factor	4.68	4.88	4.57	4.22	3.95	3.71	3.44	3.26	3.31	3.25
Debt to Total Capital	33.54%	35.47%	37.58%	32.35%	34.72%	34.68%	34.81%	32.06%	31.87%	32.79%
Short-Term Debt to Total Capital	0.43%	4.54%	4.05%	0.65%	0.44%	0.55%	0.18%	0.94%	0.76%	4.74%
Long-Term Debt to Total Capital	33.12%	30.93%	33.53%	31.70%	34.28%	34.12%	34.63%	31.12%	31.11%	28.05%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.23%	3.21%	3.50%	4.69%	4.50%	8.37%	8.74%	14.83%	15.16%	15.47%
Common Equity to Total Capital	63.23%	61.33%	58.92%	62.96%	60.79%	56.95%	56.45%	53.11%	52.97%	51.75%
Debt to EBITDA	4.01	3.88	6.13	3.53	-12.80	5.90	6.81	4.80	6.24	9.15
Net Debt to EBITDA	3.77	3.71	5.77	3.30	-12.20	5.73	6.57	4.60	6.06	8.79
Long-Term Debt to EBITDA	3.96	3.38	5.47	3.46	-12.64	5.81	6.78	4.66	6.10	7.83
Debt to NOPAT	6.06	5.88	10.27	5.44	-9.95	13.37	16.17	8.21	15.26	38.77
Net Debt to NOPAT	5.70	5.62	9.67	5.07	-9.49	12.98	15.60	7.88	14.81	37.24
Long-Term Debt to NOPAT	5.98	5.13	9.16	5.33	-9.83	13.15	16.09	7.97	14.90	33.17
Noncontrolling Interest Sharing Ratio	4.91%	5.27%	6.34%	6.91%	10.05%	13.11%	17.91%	22.03%	22.63%	22.37%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	110	291	4,882	2,723	3,164	104	4,061	-458	364	2,341
Operating Cash Flow to CapEx	478.64%	569.53%	502.12%	544.19%	245.77%	167.24%	478.68%	251.21%	155.38%	228.10%
Free Cash Flow to Firm to Interest Expense	0.25	0.77	12.92	6.42	6.14	0.18	7.07	-0.71	0.68	4.50
Operating Cash Flow to Interest Expense	6.86	10.39	8.77	6.19	3.39	2.95	7.36	4.01	4.20	6.82
Operating Cash Flow Less CapEx to Interest Expense	5.43	8.57	7.02	5.05	2.01	1.18	5.82	2.41	1.50	3.83
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.21	0.20	0.17	0.18	0.15	0.18	0.17	0.17	0.16	0.17
Fixed Asset Turnover	1.59	1.50	1.37	1.40	0.93	0.92	0.87	0.85	0.82	0.83
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	26,991	25,607	24,353	28,344	29,382	33,571	32,804	36,159	34,289	33,937
Invested Capital Turnover	0.65	0.62	0.52	0.49	0.38	0.43	0.39	0.37	0.37	0.37
Increase / (Decrease) in Invested Capital	1,384	1,254	-3,991	-1,038	-4,189	767	-3,355	1,870	352	-2,054
Enterprise Value (EV)	27,828	24,990	23,222	24,375	23,232	29,397	27,808	32,801	31,009	28,970
Market Capitalization	18,444	15,486	13,750	14,498	12,188	15,281	13,927	16,318	15,210	13,034
Book Value per Share	$78.36	$70.34	$60.44	$70.35	$64.98	$64.28	$58.94	$57.05	$53.90	$49.56
Tangible Book Value per Share	$76.77	$68.79	$58.98	$68.97	$62.12	$61.70	$56.82	$55.09	$52.88	$48.57
Total Capital	26,991	25,607	24,353	28,344	29,382	33,571	32,804	36,159	34,289	33,937
Total Debt	9,054	9,082	9,152	9,169	10,201	11,641	11,418	11,593	10,928	11,127
Total Long-Term Debt	8,939	7,919	8,165	8,986	10,072	11,456	11,359	11,253	10,668	9,520
Net Debt	8,513	8,683	8,620	8,548	9,723	11,305	11,013	11,121	10,601	10,687
Capital Expenditures (CapEx)	632	686	660	482	710	1,041	882	1,031	1,450	1,555
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	266	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	9,054	9,082	9,152	9,169	10,201	11,641	11,418	11,593	10,928	11,127
Total Depreciation and Amortization (D&A)	383	347	380	434	667	854	842	834	814	972
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$6.42	$6.30	$4.17	$6.08	($3.32)	$3.08	$1.99	$3.46	$1.93	$0.72
Adjusted Weighted Average Basic Shares Outstanding	220.26M	227.48M	242.83M	259.67M	280.32M	302.70M	319.06M	336.61M	337.95M	362.43M
Adjusted Diluted Earnings per Share	$6.41	$6.29	$4.16	$6.07	($3.32)	$3.07	$1.99	$3.45	$1.93	$0.72
Adjusted Weighted Average Diluted Shares Outstanding	220.53M	227.81M	243.28M	260.20M	280.32M	303.35M	319.93M	337.50M	338.31M	339.00M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.93	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	212.86M	222.20M	235.00M	248.20M	267.05M	287.77M	311.30M	328.83M	336.63M	339.00M
Normalized Net Operating Profit after Tax (NOPAT)	1,494	1,545	891	1,685	-1,025	871	706	1,412	716	171
Normalized NOPAT Margin	8.75%	9.95%	6.52%	11.84%	-8.49%	6.07%	5.23%	10.79%	5.70%	1.32%
Pre Tax Income Margin	10.98%	12.86%	8.15%	15.18%	-12.13%	7.80%	6.18%	12.09%	7.45%	1.89%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.25	5.31	2.95	5.09	-2.84	1.89	1.45	2.45	1.75	0.47
NOPAT to Interest Expense	3.39	4.11	2.36	3.97	-1.99	1.47	1.23	2.19	1.34	0.55
EBIT Less CapEx to Interest Expense	2.82	3.48	1.20	3.96	-4.22	0.13	-0.08	0.85	-0.96	-2.52
NOPAT Less CapEx to Interest Expense	1.95	2.28	0.61	2.84	-3.37	-0.29	-0.31	0.59	-1.37	-2.44
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	9.37%	8.48%	17.85%	7.66%	-13.09%	19.98%	28.47%	15.79%	30.45%	88.85%
Augmented Payout Ratio	50.07%	63.43%	99.66%	75.07%	-84.59%	140.64%	173.80%	31.09%	49.16%	529.62%

This table displays calculated financial ratios and metrics derived from Loews' official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.32%	6.58%	13.57%	8.07%	11.93%	12.52%	13.74%	16.74%	11.55%	3.88%	2.96%
EBITDA Growth	-8.20%	-38.04%	28.77%	3.40%	19.49%	22.83%	118.44%	49.59%	14.69%	7.29%	-46.73%
EBIT Growth	-18.28%	-69.33%	54.49%	-0.20%	21.19%	31.83%	1,524.00%	116.17%	18.22%	6.41%	-108.22%
NOPAT Growth	-19.18%	-60.38%	53.99%	1.80%	20.05%	25.86%	1,677.14%	107.49%	14.77%	7.37%	-107.11%
Net Income Growth	-19.18%	-60.38%	53.99%	1.80%	20.05%	25.86%	1,122.22%	107.49%	14.77%	7.37%	-110.98%
EPS Growth	-15.12%	-56.06%	62.50%	5.70%	27.33%	32.00%	1,344.44%	132.35%	24.81%	13.64%	-110.59%
Operating Cash Flow Growth	271.72%	97.27%	-26.86%	-33.61%	-72.46%	-23.31%	2.49%	40.18%	69.98%	-34.32%	9.97%
Free Cash Flow Firm Growth	122.87%	-53.80%	-1,245.02%	-219.80%	-170.02%	-117.78%	-104.60%	-57.60%	228.07%	214.16%	450.84%
Invested Capital Growth	-0.43%	5.40%	13.16%	8.84%	11.02%	5.15%	2.00%	-4.29%	-10.14%	-14.08%	-15.93%
Revenue Q/Q Growth	-1.06%	1.93%	4.79%	0.61%	-0.82%	8.61%	-0.29%	4.20%	-0.30%	9.80%	2.34%
EBITDA Q/Q Growth	51.54%	-35.45%	6.90%	-12.21%	2.29%	34.14%	-14.16%	1.45%	5.15%	138.55%	-41.22%
EBIT Q/Q Growth	173.40%	-65.82%	8.48%	-19.40%	2.61%	72.19%	-29.92%	-2.12%	11.61%	1,960.00%	-110.64%
NOPAT Q/Q Growth	107.41%	-55.53%	7.59%	-18.56%	1.68%	72.83%	-28.87%	-3.96%	6.60%	2,265.71%	-109.36%
Net Income Q/Q Growth	107.41%	-55.53%	7.59%	-18.56%	1.68%	72.83%	-28.87%	-3.96%	6.60%	1,503.70%	-114.44%
EPS Q/Q Growth	100.00%	-52.20%	8.98%	-18.54%	3.54%	76.79%	-29.11%	-1.86%	7.33%	1,766.67%	-113.24%
Operating Cash Flow Q/Q Growth	-21.79%	0.75%	-1.89%	380.81%	-58.49%	-62.65%	-10.95%	99.44%	15.59%	-50.08%	21.80%
Free Cash Flow Firm Q/Q Growth	142.59%	57.89%	-58.46%	19.54%	-186.49%	-268.25%	-114.11%	-52.97%	-27.25%	-4.76%	30.13%
Invested Capital Q/Q Growth	0.72%	-3.78%	4.27%	-1.47%	6.62%	3.30%	0.29%	0.50%	0.98%	0.21%	-5.89%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	22.44%	14.65%	23.14%	22.68%	25.99%	25.20%	20.41%	23.71%	24.35%	23.09%	10.63%
EBIT Margin	11.71%	4.24%	12.64%	12.21%	15.24%	14.73%	9.29%	13.22%	14.07%	12.57%	-0.74%
Profit (Net Income) Margin	8.93%	4.26%	9.77%	9.51%	11.75%	11.46%	7.20%	10.10%	10.95%	10.25%	-0.80%
Tax Burden Percent	76.26%	100.53%	77.27%	77.91%	77.11%	77.81%	77.53%	76.38%	77.84%	81.51%	108.00%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	23.74%	-0.53%	22.73%	22.09%	22.89%	22.19%	22.47%	23.62%	22.16%	18.49%	0.00%
Return on Invested Capital (ROIC)	5.68%	2.77%	6.21%	6.00%	7.23%	7.12%	4.42%	5.83%	5.92%	5.31%	-0.26%
ROIC Less NNEP Spread (ROIC-NNEP)	5.68%	2.77%	6.21%	6.00%	7.23%	7.12%	4.42%	5.83%	5.92%	5.31%	-0.36%
Return on Net Nonoperating Assets (RNNOA)	3.16%	1.46%	3.61%	3.48%	4.38%	4.09%	2.86%	3.47%	3.40%	2.83%	-0.21%
Return on Equity (ROE)	8.84%	4.22%	9.82%	9.48%	11.61%	11.22%	7.28%	9.30%	9.32%	8.15%	-0.47%
Cash Return on Invested Capital (CROIC)	5.57%	0.42%	-5.61%	-2.14%	-4.18%	1.16%	3.91%	8.91%	14.31%	18.53%	20.56%
Operating Return on Assets (OROA)	2.47%	0.90%	2.65%	2.51%	3.09%	2.95%	1.85%	2.50%	2.54%	2.19%	-0.13%
Return on Assets (ROA)	1.89%	0.90%	2.05%	1.95%	2.38%	2.30%	1.43%	1.91%	1.98%	1.78%	-0.14%
Return on Common Equity (ROCE)	8.42%	4.01%	9.35%	8.99%	11.01%	10.63%	6.91%	8.76%	8.76%	7.63%	-0.44%
Return on Equity Simple (ROE_SIMPLE)	8.15%	0.00%	10.27%	9.97%	10.05%	0.00%	10.02%	7.83%	6.53%	0.00%	6.25%
Net Operating Profit after Tax (NOPAT)	392	189	425	395	485	477	276	388	404	379	-18
NOPAT Margin	8.93%	4.26%	9.77%	9.51%	11.75%	11.46%	7.20%	10.10%	10.95%	10.25%	-0.52%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.10%
SG&A Expenses to Revenue	0.02%	-0.32%	0.21%	-0.65%	-0.63%	-0.74%	-0.57%	-1.01%	-0.76%	-0.76%	-1.04%
Operating Expenses to Revenue	88.29%	95.76%	87.36%	87.79%	84.76%	85.27%	90.71%	86.78%	85.93%	87.43%	100.74%
Earnings before Interest and Taxes (EBIT)	514	188	550	507	629	613	356	508	519	465	-25
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	985	650	1,007	942	1,073	1,049	782	911	898	854	358
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.14	1.08	1.00	1.01	1.08	0.99	0.98	0.92	0.94	0.96	0.86
Price to Tangible Book Value (P/TBV)	1.16	1.10	1.02	1.03	1.10	1.01	1.01	0.95	0.96	0.98	0.88
Price to Revenue (P/Rev)	1.13	1.08	1.03	1.02	1.09	1.00	0.94	0.92	0.97	1.01	0.88
Price to Earnings (P/E)	14.74	13.04	10.37	10.84	11.51	10.80	10.59	12.62	15.50	16.73	15.01
Dividend Yield	0.27%	0.30%	0.32%	0.33%	0.32%	0.36%	0.40%	0.42%	0.43%	0.43%	0.51%
Earnings Yield	6.78%	7.67%	9.64%	9.22%	8.69%	9.26%	9.44%	7.93%	6.45%	5.98%	6.66%
Enterprise Value to Invested Capital (EV/IC)	1.07	1.03	0.98	0.99	1.03	0.98	0.96	0.94	0.94	0.95	0.88
Enterprise Value to Revenue (EV/Rev)	1.67	1.63	1.64	1.63	1.75	1.61	1.58	1.58	1.64	1.70	1.59
Enterprise Value to EBITDA (EV/EBITDA)	8.09	12.33	6.75	6.91	7.34	10.67	6.91	7.65	8.50	15.54	8.44
Enterprise Value to EBIT (EV/EBIT)	16.49	14.85	11.96	12.63	13.30	12.52	12.88	15.76	19.35	20.85	19.79
Enterprise Value to NOPAT (EV/NOPAT)	20.70	18.63	15.43	16.28	17.23	16.18	16.45	20.21	24.50	26.06	24.84
Enterprise Value to Operating Cash Flow (EV/OCF)	8.14	9.20	10.74	9.15	8.27	6.40	5.88	5.75	6.40	7.01	5.90
Enterprise Value to Free Cash Flow (EV/FCFF)	19.10	252.98	0.00	0.00	0.00	85.88	24.80	10.27	6.22	4.76	3.93
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.51	0.50	0.54	0.56	0.61	0.55	0.64	0.60	0.61	0.60	0.66
Long-Term Debt to Equity	0.47	0.50	0.48	0.50	0.50	0.48	0.52	0.52	0.53	0.54	0.58
Financial Leverage	0.56	0.53	0.58	0.58	0.61	0.57	0.65	0.59	0.57	0.53	0.58
Leverage Ratio	4.68	4.68	4.79	4.85	4.87	4.88	5.08	4.87	4.72	4.57	4.64
Compound Leverage Factor	4.68	4.68	4.79	4.85	4.87	4.88	5.08	4.87	4.72	4.57	4.64
Debt to Total Capital	33.66%	33.54%	34.95%	36.06%	37.74%	35.47%	38.85%	37.41%	37.73%	37.58%	39.70%
Short-Term Debt to Total Capital	2.62%	0.43%	3.50%	4.25%	6.89%	4.54%	6.88%	4.66%	4.59%	4.05%	4.83%
Long-Term Debt to Total Capital	31.05%	33.12%	31.45%	31.81%	30.86%	30.93%	31.97%	32.75%	33.14%	33.53%	34.88%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.10%	3.23%	3.18%	3.04%	2.98%	3.21%	2.86%	3.51%	3.51%	3.50%	3.32%
Common Equity to Total Capital	63.23%	63.23%	61.88%	60.90%	59.28%	61.33%	58.29%	59.08%	58.76%	58.92%	56.98%
Debt to EBITDA	2.55	4.01	2.41	2.52	2.70	3.88	2.80	3.06	3.41	6.13	3.79
Net Debt to EBITDA	2.40	3.77	2.27	2.40	2.56	3.71	2.57	2.91	3.19	5.77	3.44
Long-Term Debt to EBITDA	2.36	3.96	2.17	2.23	2.21	3.38	2.30	2.68	3.00	5.47	3.33
Debt to NOPAT	6.53	6.06	5.50	5.94	6.34	5.88	6.66	8.08	9.84	10.27	11.15
Net Debt to NOPAT	6.13	5.70	5.19	5.65	6.00	5.62	6.13	7.68	9.21	9.67	10.13
Long-Term Debt to NOPAT	6.03	5.98	4.95	5.24	5.18	5.13	5.48	7.08	8.64	9.16	9.80
Noncontrolling Interest Sharing Ratio	4.73%	4.91%	4.79%	5.15%	5.19%	5.27%	5.09%	5.84%	6.01%	6.34%	6.28%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	509	-1,195	-2,838	-1,791	-2,226	-777	-211	1,495	3,179	4,370	4,589
Operating Cash Flow to CapEx	751.02%	540.80%	667.14%	598.74%	124.53%	213.90%	778.66%	1,024.29%	452.20%	278.92%	996.80%
Free Cash Flow to Firm to Interest Expense	4.85	-10.86	-24.89	-15.71	-21.61	-8.09	-2.24	16.43	33.46	46.49	49.88
Operating Cash Flow to Interest Expense	7.01	8.55	8.19	8.35	1.92	4.97	13.59	15.76	7.57	6.62	13.54
Operating Cash Flow Less CapEx to Interest Expense	6.08	6.97	6.96	6.96	0.38	2.65	11.84	14.22	5.89	4.24	12.18
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.21	0.21	0.21	0.21	0.20	0.20	0.20	0.19	0.18	0.17	0.17
Fixed Asset Turnover	1.62	1.59	1.57	1.55	1.53	1.50	1.46	1.44	1.41	1.37	1.36
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	27,186	26,991	28,051	26,902	27,303	25,607	24,788	24,716	24,592	24,353	24,301
Invested Capital Turnover	0.64	0.65	0.64	0.63	0.62	0.62	0.61	0.58	0.54	0.52	0.51
Increase / (Decrease) in Invested Capital	-117	1,384	3,263	2,186	2,711	1,254	487	-1,107	-2,775	-3,991	-4,606
Enterprise Value (EV)	28,999	27,828	27,499	26,583	28,013	24,990	23,806	23,123	23,107	23,222	21,487
Market Capitalization	19,564	18,444	17,353	16,535	17,450	15,486	14,228	13,473	13,560	13,750	11,918
Book Value per Share	$80.76	$78.36	$79.07	$74.00	$72.75	$70.34	$64.07	$64.08	$61.49	$60.44	$57.46
Tangible Book Value per Share	$79.13	$76.77	$77.48	$72.43	$71.19	$68.79	$62.53	$62.55	$60.02	$58.98	$56.04
Total Capital	27,186	26,991	28,051	26,902	27,303	25,607	24,788	24,716	24,592	24,353	24,301
Total Debt	9,152	9,054	9,803	9,701	10,305	9,082	9,630	9,246	9,278	9,152	9,648
Total Long-Term Debt	8,441	8,939	8,821	8,558	8,425	7,919	7,925	8,094	8,150	8,165	8,475
Net Debt	8,592	8,513	9,255	9,231	9,749	8,683	8,868	8,783	8,684	8,620	8,762
Capital Expenditures (CapEx)	98	174	140	159	159	223	164	140	159	223	125
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	9.50
Net Nonoperating Obligations (NNO)	9,152	9,054	9,803	9,701	10,305	9,082	9,630	9,246	9,278	9,152	9,648
Total Depreciation and Amortization (D&A)	471	462	457	435	444	436	426	403	379	389	383
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.74	$0.87	$1.83	$1.67	$2.05	$1.99	$1.12	$1.58	$1.61	$1.50	$0.54
Adjusted Weighted Average Basic Shares Outstanding	212.45M	220.26M	219.67M	221.35M	222.47M	227.48M	225.64M	227.69M	233.30M	242.83M	240.37M
Adjusted Diluted Earnings per Share	$1.74	$0.87	$1.82	$1.67	$2.05	$1.98	$1.12	$1.58	$1.61	$1.50	$0.54
Adjusted Weighted Average Diluted Shares Outstanding	212.60M	220.53M	219.94M	221.60M	222.78M	227.81M	225.99M	227.97M	233.62M	243.28M	240.76M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	209.70M	212.86M	217.78M	219.52M	221.41M	222.20M	223.25M	225.51M	227.90M	235.00M	237.43M
Normalized Net Operating Profit after Tax (NOPAT)	392	132	425	395	485	477	276	388	404	379	-18
Normalized NOPAT Margin	8.93%	2.97%	9.77%	9.51%	11.75%	11.46%	7.20%	10.10%	10.95%	10.25%	-0.52%
Pre Tax Income Margin	11.71%	4.24%	12.64%	12.21%	15.24%	14.73%	9.29%	13.22%	14.07%	12.57%	-0.74%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.90	1.71	4.82	4.45	6.11	6.39	3.79	5.58	5.46	4.95	-0.27
NOPAT to Interest Expense	3.73	1.72	3.73	3.46	4.71	4.97	2.94	4.26	4.25	4.03	-0.19
EBIT Less CapEx to Interest Expense	3.96	0.13	3.60	3.05	4.56	4.06	2.04	4.04	3.79	2.57	-1.63
NOPAT Less CapEx to Interest Expense	2.80	0.14	2.50	2.07	3.17	2.65	1.19	2.73	2.58	1.66	-1.55
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	9.85%	9.37%	7.86%	8.57%	8.73%	8.48%	9.26%	11.63%	14.21%	17.85%	18.38%
Augmented Payout Ratio	79.66%	50.07%	30.42%	36.68%	34.01%	63.43%	66.41%	93.97%	126.51%	99.66%	124.97%

Frequently Asked Questions About Loews' Financials

When does Loews's fiscal year end?

According to the most recent income statement we have on file, Loews' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Loews' net income changed over the last 9 years?

Loews' net income appears to be on an upward trend, with a most recent value of $1.49 billion in 2024, rising from $287 million in 2015. The previous period was $1.55 billion in 2023. Check out Loews' forecast to explore projected trends and price targets.

How has Loews revenue changed over the last 9 years?

Over the last 9 years, Loews' total revenue changed from $12.90 billion in 2015 to $17.07 billion in 2024, a change of 32.4%.

How much debt does Loews have?

Loews' total liabilities were at $64.01 billion at the end of 2024, a 2.1% increase from 2023, and a 20.3% increase since 2015.

How much cash does Loews have?

In the past 9 years, Loews' cash and equivalents has ranged from $327 million in 2016 to $621 million in 2021, and is currently $541 million as of their latest financial filing in 2024.

How has Loews' book value per share changed over the last 9 years?

Over the last 9 years, Loews' book value per share changed from 49.56 in 2015 to 78.36 in 2024, a change of 58.1%.

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This page (NYSE:L) was last updated on 5/28/2025 by MarketBeat.com Staff

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Loews (L) Financials

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Loews (L) Financials

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