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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Insurance premiums $ 8,667 $ 8,175 $ 7,649
Net investment income 1,802 2,259 1,995
Investment gains (losses) (199) 660 (1,246)
Non-insurance warranty revenue 1,574 1,430 1,252
Operating revenues and other 2,200 2,133 2,933
Total 14,044 14,657 12,583
Expenses:      
Insurance claims and policyholders’ benefits 6,386 6,349 6,170
Amortization of deferred acquisition costs 1,490 1,443 1,410
Non-insurance warranty expense 1,471 1,328 1,159
Operating expenses and other 3,077 2,957 4,720
Equity method (income) loss (139) (26) 73
Interest 378 424 515
Total 12,663 12,475 14,047
Income (loss) before income tax 1,381 2,182 (1,464)
Income tax (expense) benefit (278) (479) 173
Net income (loss) 1,103 1,703 (1,291)
Amounts attributable to noncontrolling interests (91) (125) 360
Net income (loss) attributable to Loews Corporation $ 1,012 $ 1,578 $ (931)
Basic net income (loss) per share (in dollars per share) $ 4.17 $ 6.08 $ (3.32)
Diluted net income (loss) per share (in dollars per share) $ 4.16 $ 6.07 $ (3.32)
Basic weighted average number of shares outstanding (in shares) 242,830 259,670 280,320
Diluted weighted average number of shares outstanding (in shares) 243,280 260,200 280,320