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Loews (L) Financials

Loews logo
$86.71 +0.15 (+0.18%)
Closing price 03:59 PM Eastern
Extended Trading
$86.68 -0.04 (-0.04%)
As of 06:07 PM Eastern
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Annual Income Statements for Loews

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

Quarterly Income Statements for Loews

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

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

Annual Cash Flow Statements for Loews

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

Quarterly Cash Flow Statements for Loews

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

Annual Balance Sheets for Loews

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

Quarterly Balance Sheets for Loews

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

Annual Metrics and Ratios for Loews

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

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

Quarterly Metrics and Ratios for Loews

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

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

Frequently Asked Questions About Loews' Financials

When does Loews's financial year end?

According to the most recent income statement we have on file, Loews' fiscal year ends in December. Their fiscal 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 5/6/2025 by MarketBeat.com Staff
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