Loews corp (L)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07
Revenues:
Insurance premiums

7,428

7,312

6,988

6,924

6,921

7,212

7,271

6,881

6,603

6,515

6,721

7,150

7,482

Net investment income

2,355

1,817

2,182

2,135

1,866

2,163

2,425

2,177

2,063

2,508

2,499

1,581

2,785

Investment gains (losses):
Other-than-temporary impairment losses

44

21

14

81

156

77

74

127

175

254

1,657

-1,484

-

Other net investment gains (losses)

93

-36

136

131

85

131

92

198

164

288

499

188

465

Investment gains (losses)

49

-57

122

50

-71

54

16

48

-52

56

-853

-1,296

-276

Amount of revenue recognized from non-insurance warranty before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

1,161

1,007

390

361

-

-

-

-

-

-

-

-

-

Portion of other-than-temporary impairment losses recognized in Other comprehensive loss

-

-

-

-

-

-

2

23

41

-22

-305

-

0

Net impairment losses recognized in earnings

-

-

-

-

-

-

76

150

216

232

1,352

1,484

741

Contract drilling revenues

-

-

-

-

2,360

2,737

2,844

2,936

3,254

3,230

3,537

3,476

2,506

Gain on issuance of subsidiary stock

-

-

-

-

-

-

-

-

-

-

-

2

141

Operating revenues and other

3,938

3,987

4,053

3,635

2,339

2,159

2,057

2,030

2,261

2,306

2,213

2,334

1,664

Total

14,931

14,066

13,735

13,105

13,415

14,325

14,613

14,072

14,129

14,615

14,117

13,247

14,302

Expenses:
Insurance claims and policyholders' benefits

5,806

5,572

5,310

5,283

5,384

5,591

5,806

5,729

5,489

4,985

5,290

5,723

6,009

Amortization of deferred acquisition costs

1,383

1,335

1,233

1,235

1,540

1,317

1,362

1,274

1,176

1,168

1,417

1,467

1,520

Non-insurance warranty expense

1,082

923

299

271

-

-

-

-

-

-

-

-

-

Contract drilling expenses

-

-

-

-

1,228

1,524

1,573

1,537

1,549

1,391

1,224

1,185

1,004

Impairment of natural gas and oil properties

-

-

-

-

-

-

-

-

-

-

1,036

691

0

Operating expenses and other

4,950

4,828

4,665

4,844

4,499

3,585

3,170

3,084

3,167

3,652

2,972

2,767

2,256

Impairment of goodwill

-

-

-

-

-

-

-

-

-

-

-

482

0

Interest

591

574

646

536

520

498

425

426

522

517

448

345

319

Total

13,812

13,232

12,153

12,169

13,171

12,515

12,336

12,050

11,903

11,713

12,387

12,660

11,108

Income (loss) before income tax

1,119

834

1,582

936

244

1,810

2,277

2,022

2,226

2,902

1,730

587

3,194

Income tax (expense) benefit

248

128

170

220

-43

457

656

513

532

894

345

7

995

Income from continuing operations

-

-

-

-

-

1,353

1,621

1,509

-

2,008

1,385

580

2,199

Discontinued operations, net

-

-

-

-

-

-391

-552

-399

-

-20

-2

-

-

Results of operations

-

-

-

-

-

-

-

-

-

-

-

351

901

Gain on disposal

-

-

-

-

-

-

-

-

-

-

-

4,362

0

Net income (loss)

871

706

1,412

716

287

962

1,069

1,110

1,694

1,988

1,383

5,293

3,100

Amounts attributable to noncontrolling interests

-61

70

248

62

27

371

474

542

632

699

819

763

612

Net income (loss) attributable to Loews Corporation

932

636

1,164

654

260

591

595

568

1,062

1,289

564

4,530

2,488

Basic net income per common share:
Income from continuing operations

-

-

-

-

-

-

2.96

2.45

-

3.12

1.31

-

-

Discontinued operations, net

-

-

-

-

-

-

-1.43

-1.01

-

-0.04

-0.01

-

-

Basic net income per common share

3.08

1.99

3.46

1.93

0.72

-

1.53

1.44

2.62

3.08

1.30

-

-

Diluted net income per common share:
Income from continuing operations

-

-

-

-

-

-

2.95

2.44

-

3.11

1.31

-

-

Discontinued operations, net

-

-

-

-

-

-

-1.42

-1.01

-

-0.04

-0.01

-

-

Diluted net income per common share

3.07

1.99

3.45

1.93

0.72

-

1.53

1.43

2.62

3.07

1.30

-

-

Net income attributable to Loews Corporation:
Income from continuing operations

-

-

-

-

-

962

1,149

968

-

1,308

566

-182

-

Discontinued operations, net

-

-

-

-

-

-371

-554

-400

-

-19

-2

-4,501

-

Loews common stock

-

-

-

-

-

-

-

-

-

-

-

4,319

-

Former Carolina Group stock - discontinued operations, net

-

-

-

-

-

-

-

-

-

-

-

211

-

Net income

932

636

1,164

654

260

591

595

568

1,062

1,289

564

4,530

2,488

Basic and diluted net income per common share:
Income from continuing operations

-

-

-

-

-

2.52

-

-

-

-

-

-

-

Discontinued operations, net

-

-

-

-

-

-0.97

-

-

-

-

-

-

-

Basic and diluted net income (loss) per share (in dollars per share)

-

-

-

-

-

1.55

-

-

-

-

-

-

-

Dividends per share

-

-

-

-

0.25

0.25

0.25

0.25

0.25

0.25

0.25

-

-

Weighted average shares outstanding:
Shares of common stock (in shares)

302

319

336

337

362

381

388

395

404

418

432

-

-

Dilutive potential shares of common stock (in shares)

-

-

-

-

-

-

389

395

405

-

-

-

-

Total weighted average shares outstanding assuming dilution (in shares)

303

319

337

338

362

382

-

-

-

419

433

-

-