Schedule I - Condensed Financial Information of Registrant, Statements of Operations and Comprehensive Income (Loss) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
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Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
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Revenues: | |||
Investment loss | $ (53) | $ (199) | $ 660 |
Total | 15,901 | 14,044 | 14,657 |
Expenses: | |||
Interest | 376 | 378 | 424 |
Total | 13,905 | 12,930 | 12,497 |
Income tax benefit | (451) | (223) | (475) |
Net income (loss) | 1,545 | 891 | 1,685 |
Total comprehensive income (loss) attributable to Loews Corporation | 2,318 | (1,178) | 1,758 |
Loews Corporation | |||
Revenues: | |||
Equity in income of subsidiaries | 1,501 | 963 | 1,639 |
Net investment income, interest and other | 131 | 1 | 103 |
Investment loss | (15) | ||
Total | 1,632 | 964 | 1,727 |
Expenses: | |||
Administrative | 119 | 84 | 93 |
Interest | 80 | 89 | 89 |
Total | 199 | 173 | 182 |
Income (loss) before income tax | 1,433 | 791 | 1,545 |
Income tax benefit | 1 | 31 | 17 |
Net income (loss) | 1,434 | 822 | 1,562 |
Equity in other comprehensive income (loss) of subsidiaries | 884 | (2,000) | 196 |
Total comprehensive income (loss) attributable to Loews Corporation | $ 2,318 | $ (1,178) | $ 1,758 |
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- Definition Amount of net investment income (loss) interest and other which is attributable to the parent. No definition available.
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- Definition Amount of other comprehensive income (loss) of subsidiaries attributable to the parent entity. No definition available.
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- Definition The total amount of expense recognized during the period for future policy benefits, claims and claims adjustment costs, and for selling, general and administrative costs. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of realized and unrealized gain (loss) on investment. Reference 1: http://www.xbrl.org/2003/role/recommendedDisclosureRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount before tax of income (loss) of subsidiary attributable to the parent entity. No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Details
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