LOEWS CORP L Income Statement

Loews corp (L)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08
Revenues:
Insurance premiums
1,869	1,911	1,890	1,824	1,803	1,859	1,853	1,815	1,785	1,803	1,806	1,734	1,645	1,728	1,767	1,730	1,699	1,748	1,751	1,735	1,687	1,785	1,810	1,811	1,806	1,882	1,825	1,800	1,764	1,783	1,781	1,668	1,649	1,661	1,732	1,595	1,615	1,647	1,645	1,608	1,615	1,686	1,707	1,656	1,672	1,799
Net investment income
163	622	525	551	657	266	494	551	506	543	557	478	604	565	561	587	422	447	321	510	588	538	451	597	577	686	605	535	599	383	682	386	726	550	333	519	661	711	654	526	617	591	726	735	447	355
Investment gains (losses):
Other-than-temporary impairment losses
-	-	14	6	-	12	3	0	6	5	5	2	2	25	18	15	23	57	56	31	12	60	10	5	2	25	15	16	18	38	62	12	15	39	75	41	20	65	41	58	90	-	-232	-484	-	-
Other net investment gains (losses)
-	-	22	8	-	-66	18	-3	15	34	21	45	36	57	63	16	-5	28	6	29	22	49	47	-9	44	35	18	2	37	25	71	43	59	-31	50	81	64	33	106	68	81	270	48	98	83	-66
Investment gains (losses)
-216	8	8	2	31	-78	15	-3	9	29	16	43	34	32	45	1	-28	-29	-50	-2	10	-11	37	-14	42	9	2	-14	19	-11	7	20	32	-67	-27	19	23	-38	62	11	21	75	-100	-297	-531	-650
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).
301	303	292	285	281	263	258	248	238	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Portion of other-than-temporary impairment losses recognized in Other comprehensive loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1	1	0	0	-2	2	11	12	-3	2	21	21	-56	3	1	30	-	84	89	-	0
Net impairment losses recognized in earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	5	2	26	16	16	18	36	64	23	27	36	77	62	41	71	44	57	60	195	148	395	614	584
Contract drilling revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	340	357	444	544	599	617	600	674	728	650	685	708	691	745	700	741	714	726	755	734	861	870	789	825	749	812	844	873	885	923	856	882
Gain on issuance of subsidiary stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Operating revenues and other
982	1,032	960	961	985	977	988	979	1,043	790	1,142	1,104	1,017	1,793	574	632	636	623	548	575	593	535	497	549	578	429	474	550	604	329	531	588	582	603	539	539	580	570	591	529	616	597	520	517	579	584
Total
3,099	3,876	3,675	3,623	3,757	3,287	3,608	3,590	3,581	3,555	3,521	3,359	3,300	3,338	3,287	3,307	3,173	3,333	3,169	3,435	3,478	3,521	3,523	3,593	3,688	3,714	3,597	3,616	3,686	3,225	3,715	3,388	3,744	3,481	3,438	3,542	3,668	3,715	3,701	3,486	3,713	3,822	3,738	3,534	3,023	2,970
Expenses:
Insurance claims and policyholders' benefits
1,425	1,483	1,614	1,352	1,357	1,594	1,312	1,327	1,339	1,257	1,480	1,280	1,293	1,334	1,202	1,339	1,408	1,376	1,200	1,469	1,339	1,350	1,354	1,441	1,446	1,547	1,378	1,485	1,396	1,565	1,435	1,348	1,381	1,358	1,400	1,367	1,364	1,187	1,343	1,147	1,308	1,371	1,282	1,295	1,342	1,519
Amortization of deferred acquisition costs
344	358	345	338	342	343	337	359	296	307	309	312	305	309	314	305	307	604	319	314	303	321	332	335	329	358	341	335	328	337	333	309	295	296	297	286	297	130	351	345	342	354	365	349	349	355
Amount of expenses recognized from non-insurance warranty.
281	-	-	-	260	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-insurance warranty expense
-	-	278	263	-	247	235	225	216	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contract drilling expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	187	198	213	257	276	344	351	359	400	395	370	409	420	369	375	377	358	405	397	407	392	388	362	383	351	352	305	317	307	306	294	314
Impairment of natural gas and oil properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,036	0
Operating expenses and other
2,026	1,336	1,234	1,231	1,149	1,191	1,224	1,229	1,184	1,089	1,245	1,281	1,050	1,428	898	1,611	907	1,473	898	879	1,249	951	977	750	907	659	777	753	981	193	1,071	1,001	819	822	784	824	737	937	1,271	712	732	769	709	718	776	741
Interest
144	142	144	164	141	144	146	143	141	142	223	139	142	133	130	130	143	127	128	134	131	129	121	126	122	104	105	108	108	95	109	111	111	116	126	129	151	133	127	127	130	127	117	110	94	82
Total
4,220	3,600	3,615	3,348	3,249	3,519	3,254	3,283	3,176	3,094	3,257	3,012	2,790	2,877	2,731	3,583	2,978	3,837	2,821	3,140	3,373	3,110	3,184	3,047	3,174	3,077	3,021	3,050	3,188	2,567	3,306	3,174	3,003	2,999	2,999	2,994	2,911	2,770	3,443	2,683	2,817	2,938	2,780	2,778	3,891	3,011
Income (loss) before income tax
-1,121	276	60	275	508	-232	354	307	405	461	264	347	510	461	556	-276	195	-504	348	295	105	411	339	546	514	637	576	566	498	658	409	214	741	482	439	548	757	945	258	803	896	884	958	756	-868	-41
Income tax (expense) benefit
-77	65	21	50	112	-21	65	59	25	-70	52	69	119	49	163	12	-4	-213	66	48	56	110	99	145	103	229	155	163	109	176	99	16	222	70	123	144	195	275	84	262	273	277	266	197	-395	-56
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	301	240	401	411	408	421	403	389	-	-	-	-	-	-	-	-	-	174	-	-	-	692	-	-	15
Discontinued operations, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7	29	-186	-227	-533	-37	9	9	-	-	-	-	-	-	-	-	-	-22	-	-	-	1	-	-	-
Results of operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7
Gain on disposal
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net income (loss)
-1,044	211	39	225	396	-211	289	248	380	531	212	278	391	412	393	-288	199	-291	282	247	49	294	269	215	184	-125	384	412	398	83	310	198	519	412	316	404	562	672	152	541	623	606	691	559	-473	22
Amounts attributable to noncontrolling interests
-412	-6	-33	-24	2	-46	11	18	87	50	55	47	96	122	66	-223	97	-90	100	77	-60	86	61	99	125	73	102	143	156	115	133	142	152	141	154	154	183	205	116	175	203	203	223	219	174	159
Net income (loss) attributable to Loews Corporation
-632	217	72	249	394	-165	278	230	293	481	157	231	295	290	327	-65	102	-201	182	170	109	208	208	116	59	-198	282	269	242	-32	177	56	367	271	162	250	379	467	36	366	420	403	468	340	-647	-137
Basic net income per common share:
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.82	-	-	-	-	-	-	-	-	-	-	-	0.13	-	-	-	-	0.78	-	-
Discontinued operations, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.09	-	-	-	-	-	-	-	-	-	-	-	-0.04	-	-	-	-	-	-	-
Basic net income per common share
-	-	0.24	0.82	-	-	0.88	0.72	-	1.43	0.46	0.69	0.88	-	0.97	-	0.30	-	-	-	-	-	-	-	-	-	0.73	-	-	-0.08	0.45	0.14	0.93	0.68	0.41	0.61	0.92	-	0.09	0.88	-	-	-	-	-	-
Diluted net income per common share:
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.82	-	-	-	-	-	-	-	-	-	-	-	0.13	-	-	-	-	0.78	-	-
Discontinued operations, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.09	-	-	-	-	-	-	-	-	-	-	-	-0.04	-	-	-	-	-	-	-
Diluted net income per common share
-	-	0.24	0.82	-	-	0.88	0.72	-	1.43	0.46	0.69	0.87	-	0.97	-	0.30	-	-	-	-	-	-	0.30	0.15	-	0.73	-	-	-0.08	0.45	0.14	0.92	0.69	0.40	0.61	0.92	-	0.09	0.87	-	-	-	-	-	-
Net income attributable to Loews Corporation:
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	215	179	303	265	336	318	261	234	-	-	-	-	-	-	-	-	-	56	-	-	-	469	-	-	-
Discontinued operations, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7	29	-187	-206	-534	-36	8	8	-	-	-	-	-	-	-	-	-	-20	-	-	-	-1	-	-	-
Net income
-632	217	72	249	394	-165	278	230	293	481	157	231	295	290	327	-65	102	-201	182	170	109	208	208	116	59	-198	282	269	242	-32	177	56	367	271	162	250	379	467	36	366	420	403	468	340	-647	-137
Basic and diluted net income per common share:
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.58	0.47	0.79	0.68	-	-	0.67	0.60	-	-	-	-	-	-	-	-	-	-	-	-	-	1.08	-	-	-
Discontinued operations, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.03	0.08	-0.49	-0.53	-	-	0.02	0.02	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic and diluted net income (loss) per share (in dollars per share)
-2.20	-	-	-	1.27	-	-	-	0.89	-	-	-	-	-	-	-0.19	-	-	0.50	0.46	0.29	-	0.55	-	-	-	-	0.69	0.62	-	-	-	-	-	-	-	-	-	-	-	0.99	-	1.08	-	-1.49	-
Dividends per share
-	-	-	-	-	-	-	-	-	-	0.06	0.06	0.06	-	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	-
Weighted average shares outstanding:
Shares of common stock (in shares)
287	295	301	303	309	313	315	318	327	335	336	336	336	336	337	338	339	346	360	369	372	1,147	380	0	0	1,554	0	0	0	392	394	396	396	396	401	407	412	1,257	417	0	0	428	432	435	435	-
Dilutive potential shares of common stock (in shares)
-	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	1,558	0	0	0	1,581	0	0	0	1,618	0	0	0	-	0	0	0	-	0	0	-	-
Total weighted average shares outstanding assuming dilution (in shares)
287	296	302	304	310	314	316	319	328	336	337	337	337	337	337	338	339	346	361	369	373	1,149	381	0	0	-	0	0	0	-	395	397	397	-	401	408	413	1,259	418	0	0	429	433	435	435	-