Segments (Tables)

3 Months Ended

Mar. 31, 2020

Segment [Abstract]

Statements of Income by Segment

Statements of Operations by segment are presented in the following tables.

Three Months Ended March 31, 2020	CNA Financial			Diamond Offshore			Boardwalk Pipelines			Loews Hotels & Co			Corporate			Total
(In millions)
Revenues:
Insurance premiums	$	1,869														$	1,869
Net investment income (loss)		329											$	(166	)		163
Investment losses		(216	)														(216	)
Non-insurance warranty revenue		301															301
Operating revenues and other		8		$	234		$	341		$	142			257			982
Total		2,291			234			341			142			91			3,099
Expenses:
Insurance claims and policyholders’ benefits		1,425															1,425
Amortization of deferred acquisition costs		344															344
Non-insurance warranty expense		281															281
Operating expenses and other		300			1,080			211			167			268			2,026
Interest		31			32			42			8			31			144
Total		2,381			1,112			253			175			299			4,220
Income (loss) before income tax		(90	)		(878	)		88			(33	)		(208	)		(1,121	)
Income tax (expense) benefit		28			21			(23	)		8			43			77
Net income (loss)		(62	)		(857	)		65			(25	)		(165	)		(1,044	)
Amounts attributable to noncontrolling interests		7			405												412
Net income (loss) attributable to Loews Corporation	$	(55	)	$	(452	)	$	65		$	(25	)	$	(165	)	$	(632	)

Three Months Ended March 31, 2019	CNA Financial			Diamond Offshore			Boardwalk Pipelines			Loews Hotels & Co			Corporate			Total
(In millions)
Revenues:
Insurance premiums	$	1,803														$	1,803
Net investment income		571		$	2								$	84			657
Investment gains		31															31
Non-insurance warranty revenue		281															281
Operating revenues and other		9			234		$	346		$	180			216			985
Total		2,695			236			346			180			300			3,757
Expenses:
Insurance claims and policyholders’ benefits		1,357															1,357
Amortization of deferred acquisition costs		342															342
Non-insurance warranty expense		260															260
Operating expenses and other		284			283			195			156			231			1,149
Interest		34			30			45			5			27			141
Total		2,277			313			240			161			258			3,249
Income (loss) before income tax		418			(77	)		106			19			42			508
Income tax (expense) benefit		(77	)		6			(27	)		(6	)		(8	)		(112	)
Net income (loss)		341			(71	)		79			13			34			396
Amounts attributable to noncontrolling interests		(36	)		34												(2	)
Net income (loss) attributable to Loews Corporation	$	305		$	(37	)	$	79		$	13		$	34		$	394