Loews Corporation (L) Financial Statements

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Loews financial statements at a glance

Loews reported revenue of $18.48 billion for fiscal year 2025 (ended December 31, 2025), up 5.3% from fiscal year 2024. Net income was $1.67 billion, a net margin of 9.0%.

At the end of fiscal year 2025 it had total assets of $86.35 billion, total liabilities of $67.66 billion and shareholders' equity of $18.69 billion, with total debt of $9.49 billion.

Its operations brought in $3.28 billion of cash.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

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Loews Corporation

LUnited States
Financial Services
USD (Local)

Income Statement

Annual • USD

Revenue
18.48B
Prev Year: 17.55B
YoY: +5.3%
Total Revenue
-
Losses, Benefits, and Adjustments, Total
8.29B
Prev Year: 7.74B
YoY: +7.2%
Total Expenses
-
Other Operating Expenses, Total
5.62B
Prev Year: 5.72B
YoY: -1.8%
Pre-tax Income
-
Operating Expenses
15.84B
Prev Year: 15.32B
YoY: +3.4%
Operating Income
2.64B
Prev Year: 2.24B
YoY: +18.0%
Net Income Common Stockholders
-
Interest Inc.(Exp.),Net-Non-Op., Total
-356.00M
Prev Year: -362.00M
YoY: +1.7%
Diluted NI Available to Com Stockholders
-
Amortization of Policy Acquisition Costs
1.90B
Prev Year: 1.80B
YoY: +5.6%
Basic EPS
-
Net Investment Income
2.72B
Prev Year: 2.69B
YoY: +1.1%
Diluted EPS
-
Net Income Before Taxes
2.28B
Prev Year: 1.87B
YoY: +21.8%
Weighted Average Shares (basic)
-
Provision for Income Taxes
511.00M
Prev Year: 380.00M
YoY: +34.5%
Weighted Average Shares (diluted)
-
Net Income After Taxes
1.77B
Prev Year: 1.49B
YoY: +18.6%
Net Income from Continuing and Discontinued Operation
-
Realized & Unrealized Gains (Losses)
8.00M
Prev Year: 54.00M
YoY: -85.2%
Normalized Income
-
Net Income Before Extra. Items
1.67B
Prev Year: 1.41B
YoY: +17.9%
EBIT
-
Total Premiums Earned
15.76B
Prev Year: 14.81B
YoY: +6.4%
Reconciled Depreciation
-
Net Income
1.67B
Prev Year: 1.41B
YoY: +17.9%
Net Income from Continuing Operation Net Minority Interest
-
Income Available to Com Excl ExtraOrd
1.67B
Prev Year: 1.41B
YoY: +17.9%
Total Unusual Items Excluding Goodwill
-
Income Available to Com Incl ExtraOrd
1.67B
Prev Year: 1.41B
YoY: +17.9%
Total Unusual Items
-
Diluted Net Income
1.67B
Prev Year: 1.41B
YoY: +17.9%
Tax Rate for Calcs
-
Diluted Weighted Average Shares
209.10M
Prev Year: 220.53M
YoY: -5.2%
Tax Effect of Unusual Items
-
Diluted EPS Excluding ExtraOrd Items
7.972
Prev Year: 6.412
YoY: +24.3%
Interest Expense
-
DPS - Common Stock Primary Issue
0.25
Prev Year: 0.25
YoY: 0.0%
Net Interest Income
-
Diluted Normalized EPS
8.986
Prev Year: 7.934
YoY: +13.3%
Other Income Expense
-
Unusual Expense (Income)
33.00M
Prev Year: 63.00M
YoY: -47.6%
Operating Revenue
-
Minority Interest
-105.00M
Prev Year: -80.00M
YoY: -31.3%
Loss Adjustment Expense
-
Values in USD

Loews key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$18.5B$17.6B$15.9B$14.2B$13.7B
Operating income$2.6B$2.2B$2.2B$1.5B$2.6B
Net income$1.7B$1.4B$1.4B$822.0M$1.6B
Diluted EPS––––$6.00
Total assets$86.3B$81.9B$79.2B$75.6B$81.6B
Total liabilities$67.7B$64.9B$63.5B$61.2B$62.5B
Shareholders' equity$18.7B$17.1B$15.7B$14.3B$17.8B
Cash––––$621.0M
Total debt$9.5B$8.9B$9.0B$9.0B$9.1B
Operating cash flow$3.3B$3.0B$3.9B$3.3B$2.6B
Capital spending––––$482.0M
Free cash flow––––$2.1B

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.

Questions and answers

What was Loews's revenue in fiscal year 2025?

$18.48 billion, up 5.3% from $17.55 billion in fiscal year 2024.

How much profit does Loews make?

Loews reported net income of $1.67 billion for fiscal year 2025 (9.0% of revenue); operating income was $2.64 billion.

How much cash and debt does Loews have?

At the end of fiscal year 2025: total debt of $9.49 billion.

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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